ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The demand for skilled workers in the United States has been increasing. To increase the supply of skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Explain whether you agree or disagree.
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- Preface: The following information applies to the years 2011 through 2015 In recent years the press and the manufacturing industry have been constantly writing about a supposed "skills-gap" in the American workforce. The premise propagated by the press and manufacturing executives is that there are hundreds of thousands of unfilled positions in the manufacturing sector because employers simply can't find workers with the necessary math or technical skills to fill the positions. The press and the industry have blamed a wide variety of factors for the supposed shortages, such as blaming the public educational system for not preparing workers with the right technical skills, purporting that younger generations do not want to work in manufacturing because of a perceived stigma associated with manufacturing jobs, and they have also stated that younger generations do not want to work in manufacturing because it is perceived as highly volatile and susceptible to the ups and downs of the…arrow_forwardWhich of the following is not an example of labour market barriers? Lack of information Extensive physical efforts Union regulations Government regulations Educationarrow_forwardSuppose the demand for the Vietnamese inexpensive products from many countries over the world have increased by about 15 percent even under the Coronavirus pandemic in 2020 (from January through August). Suppose further that the demand for Vietnamese skilled workers by the Vietnamese companies producing new high-tech and advanced products have decreased by about 10 percent in 2020 compared to those in 2019. What has happened to the wage gap between Vietnamese skilled and unskilled workers in 2020? Which of the following is MOST appropriate for an answer? A. The wage gap is most likely to fall. B. It is hard to predict unambiguously how the wage gap changes given above information. C. The wage gap is most likely to rise. D. The wage gap is most likely to be little changed. Perhaps b and c weren't the answer. Please let me know why the answer you chose is correct.arrow_forward
- The classic model of the labor market clearly shows that an increase in the supply of labor (new workers) reduces wages. Explain, in your own words, why this is an incomplete story and we should consider changes in the demand for labor as well when we try to model the effects of immigration.arrow_forwardThe graphs below show demand for labor in two countries, A and B, and several vertical labor supply curves. Use these diagrams to answer the question about the effects of migration from one country to the other in search of a higher wage. Let the amount of migration (change in labor supply) be equal to the (identical) horizontal distance between the supply curves in both graphs. Country B Country A Se SB WB SA SA WA d PB h b a DA LB LA What is the effect of this migration on the welfare of workers who migrate? They gain area g They gain area (g+h+e) They gain area (a+b+c). O They gain area (g+h)arrow_forwardWhat is the primary objective of labor economics? a) Analyze capital markets b) Study employment and wage dynamics c) Control inflation d) Manage fiscal policyarrow_forward
- If the United States allows a greater quantity of highly skilled workers, what will be the impact on the average wages of highly skilled employees?arrow_forwardCould immigration impact demand for labor?How so? How could that change wages?Show graphically.arrow_forward"What is the Short-run and Long-run Impact of Immigration on the Wage of Native Workers?arrow_forward
- Nonearrow_forwardExplain the theory of factor mobility. Consider this theory, and create a trade agreement between two to four countries that does not already exist. Explain why this agreement would be beneficial to each country and how the theory of factor mobility connects to this trade agreement.arrow_forwardBirthrate in Selected European Countries, 1960 to 2006 3.5 35 2.5 2 1.5 1 0.5 0 90 85 80 Life Expectancy in Selected European Countries, 1960 to 2007 75 70 65 60 1960-1964 1960 1970-1974 Belgium Czech Republic Germany Hungary Portugal 1970 1980-1984 1980 1990-1994 1990 1995-1999 2000 Belgium Czech Republic Germany Hungary Portugal 2000-2004 2006 2007arrow_forward
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