Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage
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Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-income workers like file clerks and telephone receptionists.
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In the market for lowwage labor information technology shifts the demand for lowwage labor ...View the full answer
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