What solutions are available to us to remedy low wages and increase equality?

it must Show more To receive full credit for each question your answers must be at minimum 15 sentences long it must answer every part of the question it must include economic concepts that were taught in class and where necessary provide real world examples and empirical data. You must also explain your conclusions. Question Distribution (Wage Determination) and Inequality Explain how wages get determined from an orthodox and heterodox perspective (note this is asking about labor markets). Your answer will need to include the concepts and the process behind these perspectives as well as the article by Dugger (1981) The Administered Labor Market. What does wage determination have to do with unions (see graph below)? What does wage determination have to do with inequality? What are the causes and the consequences of income and wealth inequality (note the consequences go well beyond monetary effects)? According to Wilkinson why is economic growth not a factor in wellbeing for developed countries? In the microeconomics textbook by Goodwin et al. what are they attempting to point out when they write perhaps most important great wealth confers its owners with both economic and political power. When the ownership of wealth is highly uneven the power to direct the operations of businesses and to influence government policy through campaign contributions and the like may become concentrated in the hands of a relatively few (p.224)? What solutions are available to us to remedy low wages and increase equality? When you pose the answer please pose the question together and put the answer right after that question Thank you very much! Show less

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