Question: Hello, I need help with part B . There is evidence that, other things equal, a 1 0 percent increase in the number of workers
Hello, I need help with part B
There is evidence that, other things equal, a percent increase in the number of workers with a particular skill level leads to about a percent decline in wages for workers with that skill level. In addition, this to ratio appears to hold true whether the increase in labor supply is caused by domestic changes in labor supply or by an influx of immigrant workers.
Instructions: Enter your answers rounded to decimal place.
ASuppose that computer programmers work in Silicon Valley. If the number of computer programmers in Silicon Valley increases by because of a change in US immigration laws, by how many percentage points would you expect the wage of computer programmers to fall in Silicon Valley?
percent Correct
BSuppose that fulltime cooks work in restaurants in the Denver area. If Denver becomes popular both with US citizens and with foreigners such that fulltime cooks move to Denver from other parts of the United States while fulltime cooks move to Denver from other countries, by how much would you expect the wages of fulltime cooks to fall in Denver?
percent
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