Asked by Michelle Carrey on Jun 24, 2024
Verified
Which statement is false?
A) American chief executive officers (CEOs) earn on average more than 400 times the salary of the average production worker.
B) The effects of globalization has depressed American wage.
C) Hourly wages and fringe benefits in the U.S.are the lowest of any industrial country.
D) None of the statements are false.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, which has been accelerated by advances in transportation and communication technology, with significant implications for economies, culture, and political systems.
Hourly Wages
The amount of money paid to an employee for one hour of work.
- Evaluate the role of globalization and job sector shifts on wage levels and economic disparities.
Verified Answer
AF
Alexia FlowersJun 29, 2024
Final Answer :
C
Explanation :
Hourly wages and fringe benefits in the U.S. are not necessarily the lowest of any industrial country. While it is true that American CEOs earn significantly more than the average production worker, and that the effects of globalization have had an impact on American wages, statement C is an overgeneralization and not entirely accurate. Some industrial countries may have lower wages and benefits, while others may have higher.
Learning Objectives
- Evaluate the role of globalization and job sector shifts on wage levels and economic disparities.
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