Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers:

a. workers with low marginal labor productivity,
b. workers in the construction trades, such as plumbers and electricians,
c. workers engaged in creative work that is not easily monitored.

Question

Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers:

a. workers with low marginal labor productivity,
b. workers in the construction trades, such as plumbers and electricians,
c. workers engaged in creative work that is not easily monitored.

Quizplus · Accepted Answer

The Answer of Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers:

a. workers with low marginal labor productivity,
b. workers in the construction trades, such as plumbers and electricians,
c. workers engaged in creative work that is not easily monitored.

Explain What Type of Wage Rigidity Is Most Likely to Affect