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Labor economics is the branch of microeconomics that studies labor markets and its peculiarities. Labor economists usually study topics such as career choice, returns to schooling, determinants of labor productivity, wages, gender and racial gaps.
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How does the professional class fit into Marx and Engel's class struggle theory?
An interesting point to your question might be that Marx is writing before there is such a thing as a "Doctor." The AMA won't establish medical schools for almost half a century. Anyone can sell any s …