Below is a labor market model for immigration from Mexico(figure on right) to the US (figure on left). Initial supply curves are given by Suso for the US and Smo for Mexico. Supply curves after migration are given by Sus1 and Mus1 respectively. P W 0 Suso SUS 1 b e E 30 30 d 40 40 Dus P k 3 SM1 SMO h n f g 09 Q 0 20 30 DM Q v = 47 W = 23 x = 20 k = 34 m = 20 n = 6 Refer to the figures above. The domestic wage in the US before migration =
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- Question No. 2 If the demand and supply of labor in the city of Binar is stated as follows:DL = 10,000 – ½ W, where DL is the demand for labor per day (in thousand people).SL = -1000 + 2W, where SL is the supply of labor per day (in thousandpeople). Note: W = daily wage per worker (in thousand rupiah).Calculate: a) Labor market balance.b) The number of job opportunities available every day. When the government feels that labor wages are low and intends to increase it, thenProvincial Minimum Wage can be set at IDR 6,000Calculate:c) Total demand for labor.d) Total supply of labor. Describe your analysis:e) Please provide your analysis of the results of the initial equilibrium (parts a and b); withthe result of the increase in the Provincial Minimum Wage (sections c and d) associated with the market mechanism. ExistWhat economic phenomena can you conclude? Please solve all parts because every part is relationshipIt has been argued by some that immigration reduces job opportunities for native-born workers. Based on our understanding of labor markets, we would conclude that This statement is generally inconsistent with economic logic because wages do not differe from country to country and immigration is generally not economically logical. this statement is generally consistent with economic logic becuase there are only a fixed number of jobs available and immigrants are willing to work for lower pay than native born workers. This statement is generally inconsistent with economic logic since more supply can lower wages and induce additional labor demand. This statement is generally consistent with economic logic because when firms create new jobs they have a need for foreign workers with different edcuational skils than native born workers.Let market demand for domestic workers be represented by Ed = 1000 - 50w where Ed is domestic labor demanded and w is the hourly wage. Suppose the domestic labor supply is represented by Es = 115w - 821. Now suppose that 106 immigrants that are perfect substitutes for native workers enter the market and their labor supply is perfectly inelastic. What is the equilibrium wage for all workers in this market after the immigrants enter?
- Measured in absolute numbers, the level of immigration during the 1990s into the United States was compared with the levels of previous decades. When considered as a percentage of the population at the time, the level of immigration into the United States during the 1990s was_ decades of the twentieth century. than the levels experienced during the earlier O lower, higher O lower, lower O higher, lower O higher, higherWith the aid of diagrams explain the impact of migration on competitive equilibrium in the labor markets of two regions southern and northernHow would you expect immigration by primarily low-skill workers to affect American low-skilled workers?
- In addition to it being illegal to enter the U.S. without a visa or to over-stay one's visa, it is also illegal for U S. employers to hire undocumented or illegal immigrants. Meanwhile, federal U S. enforcement of immigration laws tend to concentrate resources on reducin gillegal immigration rather than on prosecuting U S. firms for employing undocumented workers. Using supply and demand analysis, show what would happen to the wage and employment level of undocumented workers if the government pursued more active enforcement of employers. According to your model, what would happen to the wage ansd employment level of documented workers?True or False. The MB = MC level of immigration is likely to be achieved if we simply let in every person who wishes to immigrate to the United StatesIf occupation A pays more than occupation B, as long as there is a movement between the occupations, the wage rate between the two occupations will get closer together. True False
- Wage/Year W₁ 3 W₂ W₂ W₂ L₂ MFC MR MRP Labor/Year 82) Refer to the above figure. Under monopsony, the wage rate will be A) W1 B) W2 D) W4 C) W3 82)You are HR di, ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing 30 legal briefs every hour. Each of your company's attorneys can write on average five briefs per hour. You are consid ring hiring four paralegals to shoulder the load; each pa alegal is a bit slower than the attorneys and can write on average only 2.5 briefs per hour. You scan the current wages in the Tampa area and notice that the attorneys in your company earn the local occupational median wage of $41.64 per hour, but that the prospective four paralegals will likely want to get paid their local occupational median wage of $23.66 per hour. a. Would /our company save money in the writing of the 30 legal briefs by hiring the four paralegals and firing some attorneys? b. The local Tampa Paralegal Union has observed that the Bureau of Labor Statistics projects that employment of paralegals over the next decade will rise considerably faster than the employment of lawyers…"What is the Short-run and Long-run Impact of Immigration on the Wage of Native Workers?