ECON-2086EL Chapter Notes - Chapter 11: Rbc Bank, Unemployment Benefits, Neoliberalism
22 Nov 2017
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Chapter 11 part i why some people. The economic position of some prominent and some ordinary canadians. In this section, the author displays the salaries of some prominent canadians: celine dion (,000,000), rbc bank executive (,500,000), stephen harper (,000). And some ordinary canadians: paul m. (,200); leslie b. (,000); arun h. (,300). There is large wage gaps in the graphs. In the next section, the author uses theory to explain the wage differences among these canadians (and others). Below, the causes will be broken up into observable cause and unobservable. Similarly, those causes will be deemed acceptable and unacceptable. Education contributes to the level of human capital, knowledge, and skills one may have that contributes to their level of wages. Skills learned on the job or over time are important to the level of human capital one brings. Higher levels of human capital are observable (on a resume, skills list, diploma, etc. ) and contribute higher productivity.
