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How does technology affect social interactions in children?</u></h3>
One of the core risks from technology impacting social interactions is the hampered development of social skills, as well as compromised emotional well-being. Here are some of the concerns regarding use of technology and how this may affect children. Texting has replaced face-to-face communications.
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Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
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