Question

Consider wage rates and migration flows from the low-wage South to the high-wage North, describe one...

Consider wage rates and migration flows from the low-wage South to the high-wage North, describe one shift in conditions that, by itself, could have cause the set of changes to a drop in the northern wage rate, a rise in the southern wage rate, and additional migration from South to North.  Explain the shift and your rationale in 2-3 sentences.

Homework Answers

Answer #1

One condition that can change a drop in the north and wage rate can be the the excessive usage of capital where the capital can replace the the labour so that the demand for labour decreases in the Northern part as a result of which the wage rate decreases and this decrease in the wage rate might be made equal to that of Southern wage rate so that the migration levels also decrease. this can be best scene in developing countries and developed countries where the wage rate of developing countries like India is moving in line with that of developed countries so that migration decreases.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. The altitude of the North Celestial Pole Question 1 options: is always 0 is always...
1. The altitude of the North Celestial Pole Question 1 options: is always 0 is always 180 depends on the observer’s longitude depends on the observer’s latitude Question 2 (1 point) The azimuth of the North Celestial Pole Question 2 options: is always 0 is always 180 depends on the observer’s longitude depends on the observer’s latitude Question 3 (1 point) If you are in Saskatoon, Saskatchewan (Latitude = 52N, Longitude = 107W), where will you find the North Star?...
How failing power utility is fuelling South Africa’s economic crisis South Africa’s state power utility Eskom...
How failing power utility is fuelling South Africa’s economic crisis South Africa’s state power utility Eskom is the biggest challenge facing the country. Mess up Eskom, and you mess up the country. In addition, it looks as though key players are doing just that. The past two weeks will be remembered as the start of a cataclysmic economic crisis caused by the failure of three powerful men to spend enough time in a room to find a comprehensive solution that...
Multiple Choice 11. Prepayment risk is: A. the risk you will not receive the cash flows...
Multiple Choice 11. Prepayment risk is: A. the risk you will not receive the cash flows on a mortgage-backed security B. the risk that you will receive the cash flows sooner than expected and be forced to invest at a lower rate. C. the risk that you will receive the cash flows later than expected and not be able to invest at current, higher rates. 12. Based on the video Inside the Meltdown, it appeared that the main reason Lehman...
1. The amount of __________increases when the economy goes into a recession and decreases when the...
1. The amount of __________increases when the economy goes into a recession and decreases when the economy goes into an expansion. a. structural unemployment b. seasonal unemployment c. cyclical unemployment d. frictional unemployment 2. It is difficult for cyclically unemployed persons to find jobs because a. they typically do not meet the qualifications required for the available jobs. b. the economy is in a recession. c. they voluntarily quit their last jobs and employers may view them as unreliable. d....
The crowding out effect is zero if Select one: a. the LM-curve is vertical b. the...
The crowding out effect is zero if Select one: a. the LM-curve is vertical b. the central bank conducts open market sales following fiscal expansion c. income is stimulated via a tax cut rather than an increase in government spending d. the central bank conducts open market purchases following fiscal expansion e. the LM-curve is horizontal An asset (other than money) is considered to be more liquid if Select one: a. it can be quickly and cheaply transferred into money...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It slaughters, manufactures, and sells pork food products.  Pigs R Us (PRU) is a low-tech, hands-on, “bricks and mortar” type of company with solid brand recognition, an impeccable reputation for high quality and ethical standards. The processes used in manufacturing are with the highest ISO20002 standards, and the plant is maintained immaculately. The personnel are comprised of an older work force (average employee age is late...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It...
Scenario Pigs R Us is a second generation, family-owned Richmond-based company with about 400 employees. It slaughters, manufactures, and sells pork food products.  Pigs R Us (PRU) is a low-tech, hands-on, “bricks and mortar” type of company with solid brand recognition, an impeccable reputation for high quality and ethical standards. The processes used in manufacturing are with the highest ISO20002 standards, and the plant is maintained immaculately. The personnel are comprised of an older work force (average employee age is late...
for the scenario below: 1) Apply the qualitative analysis by identifying at least 3 issues in...
for the scenario below: 1) Apply the qualitative analysis by identifying at least 3 issues in the above process. Analyse these issues by using a. Adding-value and Waste Analysis b. Issue register, If you find that there are more than three issues, you can focus on the three issues that have the highest impact. 2). Calculate the cycle time efficiency of the as-is process. You can assume a working week of 40 hours. In case there is missing information, you...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most competitive in Thailand. With a large number of players ranging from restaurants in five-star hotels, global fast-food chains to small stalls along the streets and everything in between, the Thais are spoiled for choice. In addition, as the world becomes globalized, consumers are familiar with international dishes and would not hesitate to try new offerings from the other side of the globe. As a...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind of your average Argentine, who remembers the tough times and hyperinflation of the 1980s, the events of 2001 and 2002 have brought fiscal policy back to the forefront of public concern. Though the early 1990s may have been characterized by financial optimism, Argentina has been in a recession since Brazil's 1998 monetary crisis sent shockwaves across the regional and global markets. In early 2002,...