Why Do Earnings Differ?
Media Type: Lecture Clips Topic: Economic Growth, Income & Poverty
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Income inequality is a necessary reality in economics due to distributed ability levels in a worker population, varying degrees of job attractiveness, and the mobility of workers. This lecture clip demonstrates productivity differences in workers. Dirk asks students to write the phrase "I heart econ" as many times as possible in a set amount of time. The differences in the number of times students could write the phrase demonstrate variance in worker productivity.
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