Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s? Minimum wage laws were not in place to protect the livelihoods of workers. There was a slowdown in productivity growth. Labor unions were relatively weak. The United States experienced an increase in competition from abroad.

Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s? Minimum wage laws were not in place to protect the livelihoods of workers. There was a slowdown in productivity growth. Labor unions were relatively weak. The United States experienced an increase in competition from abroad.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section20.3: Minimum-wage Laws

Problem 3QQ

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