Question: use this link to read some infor and answer this question file:///C:/Users/52429/Downloads/Labor%20Income%20Share%20(1).pdf file:///C:/Users/52429/Downloads/Chapter%203%20Slides.pdf According to this article Labor Income Share, Article 1 Despite Tight
use this link to read some infor and answer this question file:///C:/Users/52429/Downloads/Labor%20Income%20Share%20(1).pdf
file:///C:/Users/52429/Downloads/Chapter%203%20Slides.pdf
According to this article Labor Income Share, Article 1 "Despite Tight Job Market, Labor Force's Income Is Squeezed," globalization and technology have contributed to the fall in the labor income share in the U.S. over the last decade.
Using the labor market diagram in chapter 3, what happened to the labor demand for U.S. workers? What happened to the equilibrium real wage as a result?
Please show the effects graphically (a graph must be included).
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