What is the primary source of higher real wages?
A) Labor unions.
B) The threat of a strike by a union.
C) Increases in productivity.
D) Increases in the supply of money.

Question

Quizplus · Accepted Answer

Higher real wages are primarily driven by increases in productivity, as more efficient production allows for higher output and, consequently, the ability to pay workers more without causing inflation.

What Is the Primary Source of Higher Real Wages