Lecture Economics (6/e): Chapter 29 - Stephen L. Slavin-Kinh Te - Quan Ly

Chapter 29 - Labor markets and wage rates. This chapter presents the following content: The supply of labor, the demand for labor, high wage rates and economic rent, real wages and productivity, the minimum wage dispute. Chapter29LaborMarketsandWageRatesCopyright2002 by The McGrawHill Companies, Inc.All rights reserved.291ChapterObjectives•Thesupplyoflabor•Thedemandforlabor•Highwageratesandeconomicrent•Realwagesandproductivity•TheminimumwagedisputeCopyright2002 by The McGrawHill Companies, In

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Tải Lecture Economics (6/e): Chapter 29 - Stephen L. S... (.pdf)

Chapter

29

Labor

Markets

and

Wage

Rates

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

29­1

Chapter

Objectives

•

The

supply

of

labor

•

The

demand

for

labor

•

High

wage

rates

and

economic

rent

•

Real

wages

and

productivity

•

The

minimum

wage

dispute

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

29­2

Income

Disparity

•

Why

do

some

individuals

make

millions

and

millions

of

dollars

a

year

while

the

typical

American

wage

earner

was

paid

between

$25,000

and

$35,000

•

There

are

several

reasons

but

the

bottom

line

is

supply

and

demand

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

29­3