S E17: The Labor Market - Live to Work, or Work to Live?
Think Like An Economist
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The Demand for Capital Goods and Labor
If expresser machines become cheaper than is, baristes can make more coffees. Machines can also replace workers as they do away with making your drink. In high skill jobs, labor and capital goods are more likely to be complements. For example, specialists oft ware can help an engineer do their job more easily. High skilled jobs are a safer bet for the future because they usually require a lot of education.
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