Look at this graph of real wage index in England between 1260 and 1800. Consider also that, i n the bubonic plague of
1348 and 1351, between one quarter and one third of Europe’s population died.

Question

Look at this graph of real wage index in England between 1260 and 1800.  Consider also that, i n the bubonic plague of
1348 and 1351, between one quarter and one third of Europe’s population died.

Answer

The
doubling and halving of the real wage index over 250 years from around 1350 cannot
be explained by the Malthusian model.

Answer

The fall in the unskilled workers’ share of total output in the 17th and 18th centuries was due to the fall in their average product of labour.

Answer

According
to the Malthusian model, the fall in the population due to the bubonic plague
would have led to an increase in the average productivity of workers, causing
the observed rise in the real wage post-plague.

Answer

In
the Malthusian model, the rise in real wages
from 1800 onwards, at the same time as the rise in population, could be explained by continuous technological
improvement.

Crowdly

Look at this graph of real wage index in England between 1260 and 1800. Consid...

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