Will the TRAIN law lessen or worsen poverty and income inequality in the country of Philippines? How will the Filipino people benefit from the TRAIN Law?
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- Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how a program that increased educational levels for a substantial number of low-skill workers could reduce inflame inequality.What other information might the government find useful in assessingthe minimum wage given its goals?How does train law negatively impact poor households in the Philippines?
- Question 3 of a diagram, 3.1 Explain, with the aid assume that the demand for low-skilled labour in South Africa is W=30100=E where E is the number of workers in (millions) and w is the hourly wage. There are 100 million fitters who labour supply is inelastic. If South Africa opened its borders to immigration of 10 million low skilled labourers - what would be the effect in the labour market?Illustrate and explain the impact of a minimum wage on the demand and suppy labour market.What happens to the reservation wage if nonlabor income increases, and why?
- It has been argued by some that immigration reduces job opportunities for native-born workers. Based on our understanding of labor markets, we would conclude that This statement is generally inconsistent with economic logic because wages do not differe from country to country and immigration is generally not economically logical. this statement is generally consistent with economic logic becuase there are only a fixed number of jobs available and immigrants are willing to work for lower pay than native born workers. This statement is generally inconsistent with economic logic since more supply can lower wages and induce additional labor demand. This statement is generally consistent with economic logic because when firms create new jobs they have a need for foreign workers with different edcuational skils than native born workers.Can affirmative action policies use quotas? What are the political and economic beliefs of Thomas Sowell (b.1930), one of the most prominent black conservatives of the 1980s and 1990s? Was the response of members of the Congressional Black Caucus to the results of the presidential election in 2000? What would HR 40, proposed by Representative John Conyers (b. 1929) create if enacted into law? What is the economic reason rap music circulates more profitably than other dimensions of hip-hop culture?Do you think that minimum wage laws affect overall poverty?
- Of all the Americans who live in poverty, most are families. A. black; white B. Hispanic; white O c. black; Hispanic OD. white; black and Hispanic % 5 1 6 M Oll & 7 8 families, while the highest poverty rate is among O - C Next M ytl ers CarPaying soldiers more who are in combat zones is an example of? O wage discrimination O compensating differentials O human capital effect O segmented market effect.How do mandated benefits affect labor market outcomes? Why do these outcomes differ from those resulting from a payroll tax? What is the deadweight loss arising from mandated benefits?
