Which of the following correctly describes labor market trends in the U.S.?

Question

Which of the following correctly describes labor market trends in the U.S.?

A. Real wages have grown substantially, but the number of people with jobs has decreased.

B. Real wages have grown substantially and the number of people with jobs has also grown substantially.

C. Wage inequality has increased and the number of people with jobs has decreased.

D. Wage inequality has decreased and the number of people with jobs has increased.

E. Real wage growth has slowed since the early 1970s, but wage inequality has decreased.

Answer 1

C. Wage inequality has increased and the number of people with jobs has decreased.