Business, 21.05.2020 00:13 chrisdelreal86
Labor demand for low-skilled workers in the United States is w= 24 - 0.1E where E is the number of workers (in millions) and w is the hourly wage. There are 120 million domestic U. S. low-skilled workers who supply labor inelastically. If the U. S. opened its borders to immigration, 20 million low-skill immigrants would enter the U. S. and supply labor inelastically. What is the market-clearing wage if immigra-tion is not allowed? What is the market-clearing wage with open borders? How much is the immigration surplus when the U. S. opens its borders? How much income is transferred from domestic workers to domestic firms?
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Labor demand for low-skilled workers in the United States is w= 24 - 0.1E where E is the number of w...
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