Microeconomics,, 16th Canadian Edition

an important effect on the labour market. It reduces the demand for labour, puts downward pressure on domestic wages, and thus l ...

The “Gig” Economy North American firms are increasingly reducing their costs by changing the nature of the relationship they hav ...

For most of the twentieth century, “traditional” work involved individuals working for one employer at a time, sometimes for man ...

What Do the Data Say? A 2016 study by McKinsey & Company, an international consultancy, surveyed 8000 individuals in the Uni ...

Primary Income Supplemental Income Source:Company, 2016. Independent Work: Choice, Necessity, and the Gig Economy, McKinsey & ...

for whom to work, and when to do the work. These are the “free agents” and the “casual earners” in the table. This independence ...

engineers or IT technicians. No matter their income level, however, in most cases the workers receive a payment for services but ...

difficult for the benefit providers to monitor their level of work and effort, and thus to determine when they deserve to receiv ...

Executive Compensation Average compensation to the 100 highest paid CEOs of Canadian corporations was recently estimated to be 2 ...

The Piketty Argument Professor Thomas Piketty at the Paris School of Economics argues in his 2013 book Capital in the 21st Centu ...

Policy Implications There is little debate that income inequality is rising in many countries, including Canada. There is more d ...

educational performance, obesity, and mental illness. A recent book, Spirit Level, by Richard Wilkinson and Kate Pickett, has re ...

What can governments do to slow or reverse the trend of rising income inequality? Some economists argue that increasing taxes on ...

of information technology are themselves undesirable, even though they may be partly responsible for changing market outcomes in ...

Summary ...

14.1 Wage Differentials LO 1, 2 In a competitive labour market, wages are set by the forces of supply and demand. Differences in ...

14.2 Labour Unions LO 3 Labour unions seek many goals when they bargain with management. They may push for higher wages, higher ...

14.3 Income Inequality LO 4 The functional distribution of income refers to the shares of total national income going to each of ...

Key Concepts Wage differentials in competitive labour markets Effects of discrimination on wages and employment Labour unions as ...

Study Exercises MyLab Economics Make the grade with MyLab Economics™: All Study Exercises can be found on MyLab Economics™. You ...