Question

Explain how increased immigration affected the market for low-skilled labor. Discuss which curves shifted, and what happened to price and quantity.

Answer 1

Answer:

The supply for low-skilled labor increased making for a decrase in the real real of wages and quantity supplied (hours of work)

Explanation:

As the inmigrant pushed the quantity supplied for low-skilled labor, the price per wages decrease heavily. Also, as there is now so many people working the supply exceed demand by a good margin making the salaries and wages of low-skilled job to decrease.