Economics (McConnell) AP Edition, 19th Edition

Chapter 13: Wage Determination (+ Appendix)

Web-based Questions

1
Real wages and productivity—Are workers' paychecks keeping up? Over the long run, real wages grow at about the same pace as labor productivity. Go to the Bureau of Labor Statistics Web site, www.bls.gov/lpc, and scroll down to "Major Sector Productivity and Costs Index." Select "Most Requested Statistics" to find current information on percentage changes in output per hour of all persons in the business sector (labor productivity) and percentage changes in real compensation per hour. Has real compensation per hour kept up with output per hour over the latest 3 years shown?
2
Men's and women's earnings in professional golf—Why the differences? Go to www.espn.com and select Golf and scroll down to Money Leaders. What are the annual earnings to date of the top 10 men golfers on the PGA tour? Go to http://www.lpga.com/player_stats.aspx. What are the earnings of the top 10 women golfers on the LPGA tour? Why the general differences in earnings between the male and female golfers?
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