What are the likely effects of technological advancements on the labor market in terms of employment and wages? A. Technological advancements lead to widespread unemployment and lower wages. B. Technological advancements create new jobs but generally at lower wages. C. Technological advancements eliminate some jobs but also create new ones, often with higher wages in newly emerging sectors. D. Technological advancements have no significant effect on employment or wages.

What are the likely effects of technological advancements on the labor market in terms of employment and wages? A. Technological advancements lead to widespread unemployment and lower wages. B. Technological advancements create new jobs but generally at lower wages. C. Technological advancements eliminate some jobs but also create new ones, often with higher wages in newly emerging sectors. D. Technological advancements have no significant effect on employment or wages.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 3P

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