The main reason for the decline in real wages in the 1970s and 1980s was

A) our high rate of productivity growth.
B) our low rate of productivity growth.
C) that so many housewives joined the labor force.
D) people couldn't find jobs.

Question

Luisa Deaquino-Barajas · Accepted Answer

Final Answer : B, Explanation :  The main reason for the decline in real wages in the 1970s and 1980s was the low rate of productivity growth. Despite increases in worker productivity, wages remained stagnant, resulting in a decline in real wages. This was due to various factors including global competition, corporate restructuring, and a decline in union membership. The influx of women into the labor force contributed to the overall increase in productivity, but did not have a significant impact on real wages.

The main reason for the decline in real wages in the 1970s and 1980s was

A) our high rate of productivity growth.
B) our low rate of productivity growth.
C) that so many housewives joined the labor force.
D) people couldn't find jobs.

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Learning Objectives

Learning Objectives

Related questions

The main reason for the decline in real wages in the 1970s and 1980s wasA) our high rate of productivity growth.B) our low rate of productivity growth.C) that so many housewives joined the labor force.D) people couldn't find jobs.

Definitions

Learning Objectives

Learning Objectives

Related questions

The main reason for the decline in real wages in the 1970s and 1980s was

A) our high rate of productivity growth.
B) our low rate of productivity growth.
C) that so many housewives joined the labor force.
D) people couldn't find jobs.