Problem
Leo runs a bicycle repair shop. He recently examined information on wage and employment levels and noted that he employs the same number of workers today that he employed in 2009. However, wages (controlling for inflation) increased quite substantially between 2009 and 2013. Assume the supply of labor remained constant over this time period. Give two possible explanations for why Leo's workers are paid more in 2013.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.