Economist: Support Real wages in this country will increase significantly only if productivity increases notably. βββββ ββ ββ ββββββββ ββββ ββββ βββββ ββββ ββββββββ βββββββββββββ ββ βββ ββββ βββββββ βββββ ββββ βββββββββ ββββββββββ βββ βββββββββ βββββββββ ββββ ββββββ ββ βββ ββββββββββ βββ ββββ βββββββ ββ ββββββ ββ ββββββββ βββ ββ βββββ βββββββ ββββ ββββββ
The economist concludes that itβs unlikely that wages will significantly increase soon. She supports this by saying that wages will only significantly increase if productivity increases. (That is, if productivity does not increase, then wages will not increase.) She then notes that businesses are only investing a little into new technology.
The economistβs premises establish that wages wonβt increase if productivity doesnβt increase. But her conclusion says that wages wonβt increase because businesses arenβt investing much into new technology.
To get from her premises to her conclusion, the economist must assume that if businesses donβt invest much into new technology, then productivity will not increase. This then leads to her conclusion that wages will not increase.
Which one of the following, ββ βββββββ βββββ βββ βββββββββββ ββββββββ ββββββ βββ βββββββββββ ββββββββββ ββ ββ ββββββββ ββββββ
Neither real wages βββ ββββββββββββ ββββ βββββββββ ββ βββ ββββ βββββββ ββββββ
Real wages will ββββββββ βββββββ ββ β βββββββββββ ββββββ ββ βββββββ βββββββ βββ ββββββ βββββββββ ββ βββ βββ βββββββββββ
Sooner or later ββββ βββββ ββββ ββββββββ ββββββββββββββ
Productivity will not ββββββββ ββ ββββββββββ ββ βββ ββββ β βββββββββββ ββββββββββ ββ βββ βββββββββββ
The new technology ββ βββββ ββββββββββ βββ βββββββββ βββββββββ ββ βββ ββββββββββββ ββ ββ ββββββββ ββ βββββββββββββ
