What are three effects on labor markets of rising health care costs?
What will be an ideal response?
First, wages grow more slowly because health care benefits are taking a larger share of the wage compensation package for workers. Second, employers use more part time and temporary workers to avoid the high cost of health insurance coverage for workers. Third, employers may offshore our outsource jobs to reduce their health care costs.
You might also like to view...
Collective consumption goods can lose their collective consumption characteristics as they get more crowded
a. True b. False
Regional Bank is subject to a 10 percent required-reserve ratio. If this bank received a new checkable deposit of $1,000 . it could make new loans of
a. $100. b. $900. c. $1,000. d. $10,000.
Trade causes wages in countries with high productivity to increase and wages in countries with low productivity to decrease.
Answer the following statement(s) true (T) or false (F)
Assuming that pizza is a normal good, if students' income at your college increases substantially, there would be:
A) a reduction in the demand for pizza. B) an increase in the quantity of pizza demanded. C) no change in the demand for pizza. D) an increase in the demand for pizza.