If, as Some Economists Believe, Changes in Technology Over Recent

question 103

Multiple Choice

If, as some economists believe, changes in technology over recent decades have brought about changes in labor markets, then those changes likely have resulted in

• A)reduced emphasis on compensating differentials as an explanation for wage differences.
• B)a reduced emphasis on human-capital differences among workers as an explanation for wage differences.
• C)a narrowing of the earnings gap between high-skilled workers and low-skilled workers.
• D)a widening of the earnings gap between high-skilled workers and low-skilled workers.

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Definitions:

Outsourced

The process by which businesses delegate certain tasks or services to external providers or companies, often to reduce costs or improve efficiency.

Payroll

The total amount of money that a company is obligated to pay to its employees for a set period or on a given date.

Employee Relations

Employee relations refer to the efforts an organization makes to manage relationships between employers and employees, often aiming to prevent and resolve conflicts, and ensure fair treatment.

HR Functions

HR Functions refer to the various roles and responsibilities of the Human Resources department, including recruitment, training, employee relations, and benefits administration.