This month the unemployment rate is 15%, but among people still employed (the remaining 85%) the national real (inflation adjusted) median wage is 10% higher than the national figure for January 2020, when the unemployment rate was 4%. Use information about employer-employee relationships to explain how both the national unemployment rate and the national real median wage could have increased.

Answer rating: 100% (QA)

The increase in both the national unemployment rate and the national real median wage can be explain... View the full answer