[Online Document Assignment:]
EIA Activity: Sticky Wages in the Great Recession
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: Average per-capita weekly earnings in the manufacturing industry were $27.36 in 1929.
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True or False: Average per-capita weekly earnings in every industry were higher in 1932 than in 1929 .
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Which of the following industries experienced less of a wage reduction compared to other industries from 1929 and 1932?
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True or False: The highest percentage change in average per-capita weekly earnings from 1929 to 1932 was in the Bituminous Coal industry.
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True or False: Comparing the depression of 1920 to the depression of 1929, actual weekly earnings of manufacturing workers declined by a larger percentage between 1929 and 1932 than between 1920 and 1922.
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Discuss the similarities, if any, in regards to sticky wages during the Great Depression and the Great Recession.
What explains why wages are sticky in the short run? Discuss.
Have you ever asked for or received a raise at your current job? Discuss.
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