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Economics, 15/e
Campbell R. McConnell, University of Nebraska, Emeritus
Stanley L. Brue, Pacific Lutheran University
Chapter 28 Wage Determination
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Web-Based Questions
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Web-Based Questions
- Web-Based Question: Real wages and productivity-are
workers’ paychecks keeping up? Over the long run, real wages grow at
about the same pace as labor productivity. Go to the Bureau of Labor Statistics
website, stats.bls.gov, and select Data and then Most Requested Series
for current information on percentage changes in output per hour of all persons
in the business sector (labor productivity) and percentage changes in real
compensation per hour. Has real compensation per hour kept up with output
per hour over the last 3 years shown?
- Web-Based Question: Men’s and women’s
earnings in professional golf-why the differences? Go to espn.go.com/golfonline
and select Tours, Rankings, and Money Leaders. What are the annual earnings
to date of the top 10 men golfers on the PGA tour? What are the earnings of
the top 10 women golfers on the LPGA tour? Why the general differences in
earnings between the men and the women golfers?
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Origin of the Idea
Analogies, Anecdotes, and Insights