Since the announcement of several new policies during the pandemic, the migration of foreign labor has halted and caused a huge drop in the number of foreign labor in Malaysia. At the same time, the government is providing a lot of other incentives to the firm to increase the employment of domestic labor. Based on the following situations, using an appropriate diagram, show and explain the impacts on the level of wages and the number of employment in Malaysia
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Since the announcement of several new policies during the pandemic, the migration of foreign labor has halted and caused a huge drop in the number of foreign labor in Malaysia. At the same time, the government is providing a lot of other incentives to the firm to increase the employment of domestic labor. Based on the following situations, using an appropriate diagram, show and explain the impacts on the level of wages and the number of employment in Malaysia
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- Kuwait, among other gulf countries, is implementing a national program aimed at the gradual replacement of non-Kuwaitis by Kuwaitis over the next years. Around half a million Egyptians are currently working in Kuwait, most of them are males. a) Discuss and illustrate graphically the impact of this program of Kuwaitization, if successfully implemented, on the labour market outcomes in Egypt? b) What are the suggested policies that should be implemented by the government to respond to this labour market challenge?Recently, computer programmers in developing countries such as India have begun doing work formerly done in the United States. This shift has undoubtedly led to substantial pay cuts for some programmers in the United States. Answer the following two questions: How is this possible, when the wages of skilled labor are rising in the United States as a whole? What argument would trade economists make against seeing these wage cuts as a reason to block outsourcing of computer programming?By Labor Economics theory, what are the short-run and long-run effects of immigration on the wages of native workers? Use diagrams to illustrate your arguments. Describe the evidence of these effects presented in the chapter.
- The debate focuses on the job outsourcing in the steel-rod industry. A congresswoman from a state with several steel-rod factories explains that it is necessary to impose restrictions against job outsourcing to protect workers in the domestic steel-rod industry. The congresswoman claims that, without protection against job outsourcing, U.S. companies in the steel-rod industry have incentives to outsource their jobs to developing countries where the labor is cheaper. This would leave many U.S. workers in the steel-rod industry unemployed. Which of the following justifications is the congresswoman using to argue for the trade restriction on steel rods? Infant industry argument Antidumping argument Foreign export subsidies argument Low foreign wages argument National defense argumentConsider two states that adopt different laws concerning labor unions. The following graph shows the labor market in a state in the North. Initially, the market-clearing wage there is $8.00 per hour. Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $10.00 per hour. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. 020040060080010001200140016001614121086420WAGE (Dollars per hour)LABOR (Thousands of workers)Demand Supply Graph Input Tool Market for Labor Wage (Dollars per hour) Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, union workers will be employed.…Consider two states that adopt different laws concerning labor unions. The following graph shows the labor market in a state in the North. Initially, the market-clearing wage there is $10.00 per hour. Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $12.50 per hour. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Graph Input Tool Market for Labor 20.0 I Wage (Dollars per hour) 17.5 Supply 2.50 Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) 15.0 875 125 12.5 10.0 7.5 Demand 5.0 2.5 125 250 375 500 625 750 875 1000 LABOR (Thousands of workers) Enter $12.50 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, 375,000 union workers will be employed. The following graph shows the…
- Consider Special City that manufactures light fixtures that are sold around the world. Draw their base case Labor Market graph. Now assume there is a national shortage of glass that Special City manufacturers use to create their light fixtures. Show what would be the effect on your Labor Market graph. Lastly, assume the manufacturers change their manufacturing process to use less glass but inadvertently create a very noticeable increase in the smog levels that makes it hard to breathe. Show another variation to reflect the change in your labor market graph, be sure to indicate the effects of the changes on for each of these market changes or combine the graphs, just be sure the changes and new equilibria are legible:Suppose the demand for the Vietnamese inexpensive products from many countries over the world have increased by about 15 percent even under the Coronavirus pandemic in 2020 (from January through August). Suppose further that the demand for Vietnamese skilled workers by the Vietnamese companies producing new high-tech and advanced products have decreased by about 10 percent in 2020 compared to those in 2019. What has happened to the wage gap between Vietnamese skilled and unskilled workers in 2020? Which of the following is MOST appropriate for an answer? A. The wage gap is most likely to fall. B. It is hard to predict unambiguously how the wage gap changes given above information. C. The wage gap is most likely to rise. D. The wage gap is most likely to be little changed. Perhaps b and c weren't the answer. Please let me know why the answer you chose is correct.Consider two states that adopt different laws concerning labor unions. The following graph shows the labor market in a state in the North. Initially, the market-clearing wage there is $8.00 per hour. Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $10.00 per hour. Use the graph input tool to help you answer the following questions. *Attached* Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, _________ union workers will be employed. The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two states are very similar.…
- Consider two hypothetical states that operate under different laws governing labor unions. The following graph shows the labor market in a state in the West. Initially, the market-clearing wage in this state is $8.00 per hour. Now, suppose that the General Assembly in this western state passes a law that makes it easier for workers to join a union. Through collective bargaining, the union negotiates an hourly wage of $10.00. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. DOW Supply Demand 0 200 400 GOD 800 1000 1200 1400 1000 LABOR (Thousands of workers) Graph Input Tool Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, union workers will be employed. WAGE Market for Labor Wage (Dollars per hour) Labor Demanded (Thousands of workers) Adjust the graph to show what happens to employment and wages in the eastern…Interpret the meaning of "rate of exploitation = 1000" for making hamburgers at a fast-food restaurant. Would this rate of exploitation increase or decrease when greater automation is introduced to make these hamburgers? (about 60-90 words)Ian works at an iron smelter in Pittsburgh, the center of iron production in America. Due to the difficulty in measuring the productivity of individual employees, Ian's employer as well as the other iron smelters all pay an efficiency wage. Adjust the wage line on the graph to reflect this situation. What characteristic of efficiency-wage jobs is not supported by the situation shown in the graph? The wage rate will eventually return to the market-clearing level. Efficiency wages result in an increase in the rate of unemployment. Elevated wages serve as an economic incentive to work harder. Efficiency wage jobs result in a surplus of workers at the wage being offered. Wage ($ per hour) Wage Quantity of workers (in thousands) S O