Answer:
decrease.
Explanation:
The laffer curve is a curve that is used to describe the relationship between the tax rate and tax revenue. if government-induced high tax rates then it directly affects the tax revenue due to the negative impact on investment activities. while on the other side if the government cut the tax rate then it will encourage the economic stability and enhance the tax revenue
These types of events are called idiosyncratic.
There has been a drastic change in educational attainment for black workers from 1970 to today with a lot of benefits attached with it.
Education attainment has been increased substantially from 1970 as at that time only 20% of black workers had high school degree and in 2014 it increased to 90%. Although the gap has shrunk over last five decades but 33% of white workers have at least 4 years of college as compared with 22% of black workers.
The benefits attached with education on black workers were expanded career options, higher earning potential, improved confidence, happier and healthier and becoming a world traveler.
To learn more about Black workers here
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