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In 2010, many unskilled workers in the United States earned

Paper help Economics In 2010, many unskilled workers in the United States earned

Economics

In 2010, many unskilled workers in the United States earned

In 2010, many unskilled workers in the United States earned the Federal minimum wage of $7.25 per ho… Show more In 2010, many unskilled workers in the United States earned the Federal minimum wage of $7.25 per hour. By contrast, average earnings in 2010 were about $18.00 per hour, and certain highly skilled professionals, such as doctors and lawyers, earned $160.00 or more per hour. a. If we assume that wage differences are caused solely by differences in productivity, how many times more productive was the average worker than a worker being paid the Federal minimum wage? Instructions: Round your answer to two decimal places. times more productive than a minimum wage worker How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage? Instructions: Round your answer to two decimal places. times more productive than a minimum wage worker • Show less

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