ECON 103 Study Guide - Quiz Guide: Juliet Schor, Consumerism, Fixed Cost

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1 Oct 2018
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ECON 103 Full Course Notes
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Class 5, quiz 3: to be done at home and handed in to ta section. Note that you may work with one other person from your ta section. Read real world micro 3. 6, interview with juliet schor. Americans like money-intensive things such as spend lot of money on de-stressing. Yes, it turns out that americans work 300 more hours than other countries every year. Americans" work hour generally works 300 more hours than people in other countries like. Because u. s. employers has much higher per-worker fixed cost such as medical insurance and health insurance, which is not true for european countries. Trade unions turn against the reduction of the working hours after the second world war. Capitalism would cause the whole society to be full of pressure and unfairness. This leads to productivity growth, which becomes wages and profits for people. The growing level of consumption is really from the market side.

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