Wages are determined by the interaction of supply and demand in labor markets. The shortages of workers in many industries will impact the wages that both firms will need to offer, and the wage workers will receive. Explain how firms will be able to deal with the shortage of workers in a strong labor market. This assignment will require 3-5 paragraphs. You will need to focus on your analysis and addressing each aspect of the question. You will be graded based on your analysis and how well you answered the questions.
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