How is automation likely to affect the wage gap between skilled and unskilled workers in the long term? A. It will increase the wage gap, as skilled workers are more likely to benefit from automation. B. It will decrease the wage gap, as unskilled workers become more productive with automation. C. It will eliminate the wage gap, as all jobs become equally valued in an automated economy. D. It will have no effect on the wage gap, as automation impacts all workers equally.

How is automation likely to affect the wage gap between skilled and unskilled workers in the long term? A. It will increase the wage gap, as skilled workers are more likely to benefit from automation. B. It will decrease the wage gap, as unskilled workers become more productive with automation. C. It will eliminate the wage gap, as all jobs become equally valued in an automated economy. D. It will have no effect on the wage gap, as automation impacts all workers equally.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 4TY

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