Examlex
Assume that the labor market for auto mechanics is initially in equilibrium.Which of the following would lead to an increase in both the wage rate and employment for auto mechanics?
Ageism
Discrimination against people on the basis of age, particularly against older people.
Paid Labor Force
Individuals who are engaged in work for which they receive monetary compensation, contributing to the formal economy.
Retirement
The phase of life after ending one's active working life, often involving receiving pensions or retirement benefits.
Involved Grandparenting
The active engagement and participation of grandparents in their grandchildren's lives, including caregiving and support.
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