11. Why has the distribution of income become more unequal in the last 30 years?
12. If immigration is reduced, what is the impact on the wage for low-skilled labor? Explain.
13. This table shows the quantity demanded and supplied in the labor market for driving city buses in the town of Unionville, where all the bus drivers belong to a union. What would the equilibrium wage and quantity be in this market if no union existed?
Wage per Hour Quantity of Workers Demanded Quantity of Workers Supplied
$14 12,000 6,000
$16 10,000 7,000
$18 8,000 8,000
$20 6,000 9,000
$22 4,000 10,000
$24 2,000 11,000