Let us assume, for the moment, that labor is not prepared to work for a lower money-wage and that a reduction in the existing level of money-wages would lead, through strikes or otherwise, to a withdrawal from the labor market of labor which is now employed. Does it follow from this that the existing level of real wages accurately measures the marginal disutility of labor Not necessarily. For, although a reduction in the existing money-wage would lead to a withdrawal of labor, it does not follow that a fall in the value of the existing money-wage in terms of wage-goods would do so, if it were due to a rise in the price of the latter. In other words, it may be the case that within a certain range the demand of labor is for a minimum money-wage and not for a minimum real wage. The classical school has tacitly assumed that this would involve no significant change in their theory. But this is not so. For if the supply of labor is not a function of real wages as its sole variable, the
A. a fall in the value of the existing money-wage would lead to a withdrawal of labor
B. a rise in the price of wage-goods would lead to a withdrawal of labor
C. the demand of labor is for a rise of existing money-wage
D. the demand of labor is for reduction in the value of real wages
| Let us assume, for the moment, that
labor m not prepared to work for a lower money-wage and that a reduction in the
existing level of money-wages would lead, through strikes or otherwise, to a
withdrawal from the labor market of labor which is now employed. Does it follow
from this that the existing level of real wages accurately measures the marginal
disutility of labor Not necessarily. For, although a reduction in the existing
money-wage would lead to a withdrawal of labor, it does not follow that a fall
in the value of the existing money-wage in terms of wage-goods would do so, if
it were due to a rise in the price of the latter. In other words, it may be the
case that within a certain range the demand of labor is for a minimum money-wage
and not for a minimum real wage. The classical school has tacitly assumed that
this would A. a fall in the value of the existing money-wage would lead to a withdrawal of labor B. a rise in the price of wage-goods would lead to a withdrawal of labor C. the demand of labor is for a rise of existing money-wage D. the demand of labor is for reduction in the value of real wages [单项选择]Let us never negotiate out of fear, but let us never fear to negotiate.
A. litotes B. apophasis C. contrast D. irony [单项选择]How many people are suffering from labor market problems This is one of the most critical yet contentious social policy questions. In many ways, our social statistics exaggerate the degree of hardship. Unemployment does not have the same dire (可怕的) consequences today as it did in the 1930s when most of the unemployed were primary breadwinners, when income and earnings were usually much closer to the margin of subsistence, and when there were no countervailing social programs for those failing in the labor market. Increasing affluence, the rise of families with more than one wage earner, the growing predominance of secondary earners among the unemployed, and improved social welfare protection have unquestionably mitigated (减轻) the consequences of joblessness. Earnings and income data also overstate the dimensions of hardship. Among the millions with hourly earnings at or below the minimum wage level, the overwhelming majority is from multiple earners, relatively affluent families. Most
A. recurrence of periods of unemployment for a group of low wage workers B. fact that unemployment counts do not include those who work for low wages C. establishment of a system of record keeping that makes it possible to compile poverty statistics D. prevalence, among low wage workers and the unemployed, of members of families in which others are employed 我来回答: 提交
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