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QUESTION
The supply of college graduates to the labor market has increased dramatically over the last few decades, while the supply of high school (no...
- The supply of college graduates to the labor market has increased dramatically over the last few decades, while the supply of high school (no college) graduates shrunk. At the same time, the average real wage of college graduates stayed relatively stable, while the average real wage of high school graduates fell. Using graphical supply and demand analysis, show how these wage patterns can be explained.
- In addition to it being illegal to enter the U.S. without a visa or to over-stay one's visa, it is also illegal for U.S. employers to hire undocumented or "illegal" immigrants. Meanwhile, federal U.S. enforcement of immigration laws tends to concentrate resources on reducing illegal immigration rather than on prosecuting U.S. firms for employing undocumented workers. Using supply and demand analysis, compare and contrast the following policies:
- Policy A: Attempt to limit illegal immigration by deporting undocumented workers.
- Policy B: Attempt to limit illegal immigration by prosecuting firms for employing undocumented workers.
