Who benefits from technological progress in farming farmers

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Reference no: EM1369503

Q. barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. In equilibrium wages in two occupations will be equal IF all or characteristics of jobs are equally desirable (a BIG assumption). G. Who benefits from technological progress in farming Farmers or barbers?

 

 

Reference no: EM1369503

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