Based on trends displayed in the graphs above, which answer choice represents a likely situation for 2010 ? a. There will be more than 6.5 million construction employees in 2010, and those employees will have average hourly earnings of \( \$ 24.00 \). b. There will be over 6 million construction employees in 2010 , and the average hourly earnings will be less than twenty dollars. c. There will be roughly 6 million employees in 2010 , and those employees will have average hourly earnings of \( \$ 22.75 \). d. There will be over 7.5 million employees in 2010 , and those employees will earn, on average, \( \$ 23.00 \) per hour.
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The Deep Dive
Looking back at the historical trends in construction employment during the late 2000s, it’s evident that the growth in employees was steady but faced challenges due to economic downturns. By 2009, the construction market was recovering, but it still hadn’t reached previous peaks. This context suggests that any predictions for 2010 would likely reflect a cautious optimism regarding employee count and wages. In practical terms, the construction industry is heavily influenced by the economic climate. Factors such as funding for infrastructure projects and demand in housing markets directly impact employment numbers and wages. If we consider the trends leading into 2010, we might expect moderate growth in employment levels, while wage increases may be restrained, reflecting the need for economic recovery.