Suppose the employers in the fisher's labour market begin to discriminate against male workers, and we move to a new equilibrium in each market in the absence government intervention in these markets, what forces might we expect to see over time? 1) All female workers will migrate to the fisher's labour market due to the higher wage 2) The discriminatory wage differential will tend to be eliminated by the pursuit of profit 3) Some firm owners in the fishing labour market will find it profitable to hire high-skill males, thus increasing the wage differential Q Wage ($ per day) 100 85 Fisher's Labour Market (high skill) 70 A 600 900 Number of Workers B D 1200 Supply Demand (Amp Jad to ad 55 Farmer's Labour Market (low skill) 600 900 Number of Workers Supply D Demand 1200 S

Suppose the employers in the fisher's labour market begin to discriminate against male workers, and we move to a new equilibrium in each market in the absence government intervention in these markets, what forces might we expect to see over time? 1) All female workers will migrate to the fisher's labour market due to the higher wage 2) The discriminatory wage differential will tend to be eliminated by the pursuit of profit 3) Some firm owners in the fishing labour market will find it profitable to hire high-skill males, thus increasing the wage differential Q Wage ($ per day) 100 85 Fisher's Labour Market (high skill) 70 A 600 900 Number of Workers B D 1200 Supply Demand (Amp Jad to ad 55 Farmer's Labour Market (low skill) 600 900 Number of Workers Supply D Demand 1200 S

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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