A Study Published in 2011 by the OECD Noted That

question 75

Multiple Choice

A study published in 2011 by the OECD noted that:

• A) the real household income of the unskilled workers in the U.S. increased more in comparison to that of the skilled workers.
• B) in almost all countries real income levels declined over the 20-year period studied.
• C) falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth.
• D) the gap between the poorest and richest segments of society in some OECD countries had widened.

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Definitions:

New Economy

Refers to the shift from traditional manufacturing and industry-based economies to an economy focused on technology, digital services, and information.

Virtual Workforce

A group of individuals who work remotely, often from various geographical locations, connected via technology.

Drawbacks

Disadvantages or negative aspects associated with a decision, action, or product.

Virtual Workforce

Employees or contractors who work remotely, using technology to perform their duties outside of a traditional office environment.