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Analysis (any type)
02/10/2021
Urgent! Someone please help!
The latest labour market statistics released by Statistics Canada indicated that the labour market is doing well. According to Statistics Canada, the level of employment increased by 0.9% in 2018 and the unemployment rate reached 5.6% in December 2018 which was the lowest since January 1976. However, the growth in wages for Canadian workers, while remaining positive, continues to slow down.
a) With the aid of a labour market diagram, explain these two observations can happen at the same time. (6 points)
b) One of the several explanations provided to a low wage growth is the changing nature of jobs. In the past decade, we observe an increase in gig, temporary, contract positions. How does this change in the nature of jobs lead to a slowdown in wage growth? Explain in words only. (4 points)
The latest labour market statistics released by Statistics Canada indicated that the labour*market is doing well . According to Statistics Canada , the level of employment increased by1.9′ in 2018 and the unemployment rate reached 5. 6′ in December 2018 which was thelowest since January 1976 . However , the growth in wages for Canadian workers , whileI’mmaining positive , continues to slow down .a ) With the aid of’ a labour market diagram , explain these two observations can happen at thesame time . 16 points !byone of the several explanations provided to a low wage growth is the changing nature ofjobs . In the past decade , we observe an increase in fig . temporary , contract positions .How does this change in the nature of jobs lead to a slowdown in wage growth ?” Explainin words only . 14 points !
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Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
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