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According to Smith, what factors explain unequal wages?

by Guest8659  |  12 years, 9 month(s) ago

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6. According to Smith, what factors explain unequal wages?  How do they do so?  In your answer, be sure to a) explain, using examples, why according to Smith’s market model one might expect wages to tend to equalize; b) explain what Smith means by the “natural” and “policy” causes of wage inequality; c) articulate examples of each of these sources of inequality, and d) explain the mechanisms through which they lead to wage inequality.

 Tags: according, explain, Factors, Smith, Unequal, wages

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  1. paafamily
    You should read the whole article of adam smith. We have a link for that.

    http://www.springerlink.com/content/810pn6510xv504m3/

    Hope that helps,

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