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How did real wages change in the US in the late 1800s compared to real wages in England?
They rose less than in Britain, France, and Germany. Wages in both countries increased.
How much money does it cost to get 300 Microsoft points?
To get 300 Microsoft points we should pay lesser than 21.218 dollars (USA) and in India we have to pay lesser than 1000 rupees
What is greater than and lesser than?
Greater than > Lesser than <
Explain the difference between real wage and nominal wage?
Nominal wages refer to the wages paid in terms of money. This can be called as money wages. The remuneration received by labor in cash is called money wage or nominal wage. But money does not measure the real earnings of the worker. In order to ascertain the real earnings of the worker, the term; "real wages" is used which indicates the exact benefit that would accrue to labor through the remuneration he gets. It thus denotes the necessaries, comforts and conveniences and other facilities which a labor could enjoy by working at a job. Since the money received by labor commands the necessary comforts and conveniences, the purchasing power of money determines to a large extent the real wages of the worker. Purchasing power of money: The real wage may be less while nominal or money wage is high and this depends on the purchasing power of the money. The value of money is changing and with it the purchasing capacity also gets changed. The changed price level and index number indicated the exact purchasing power of money. It is evident that compared to the earlier years, the money wage at present is going up many times and the real wage has not increased due to inflation and poor purchasing power of money. The cost of living is different in various places and though money wage may be high in metropolitan towns, the real wage may be far less than what it would in rural areas. Method of payment: If wages are paid entirely in cash it is called as money wages. If a part of it is paid in kind, it is called as real wages. In some countries, in the case of agricultural labor, the afternoon lunch or meals would form part of the wages to be paid to the worker. In such cases, the labor gets real wages and any benefit extended by non monetary methods, forming part of wage is a real wage earned by the worker. Housing accommodation, provision of breakfast, provision of clothing etc; all form part of real earnings of the worker. The wage earner considers all these aspects while preferring a particular kind of work. Subsidiary earning: In order to find out the real earnings or real wage of the worker, the extra earnings, if any, should be also taken into consideration. For example, a professor who is getting a salary from his University may also earn extra income through tuitions and home work help. A laborer in a vegetable market may get free supply of vegetables for him. A worker in a diary farm may get milk free every day and the laborer working in a textile mill may get his clothing free. These are all subsidiary earnings in the work and these incomes should be taken into consideration in deciding the real wage of the worker. Nature of employment: The nature of employment decides the real wage to the worker and in the case of regularity of employment, the regular work with low payment is always preferred to irregular work with higher wages. When it comes to future prospects, the prospects of promotion and higher wage in future may also induce a person to work for a low wage. As such, while comparing the wages of two persons one with higher wage and the other with lower wage, the value attached thereto should be considered. The real wage of the latter may be considered high.
What is lesser pilgrimage?
a lesser pilgrimage is a pilgrimage that is lesser than the normal pilgrimage
Does Foo pets cost real money to join?
No. but it costs real money to adopt more than one pet. Hope this helps!
Who do the Hindu people beilve?
That there is one supreme god (Brahman), they will be reincarnated, Karma is real, and that there are several other lesser gods than Brahman.
Is 5.1 greater or lesser than 5.01?
5.1 is greater than 5.01
How do you use lesser in a sentence?
Your penis is of lesser length than mine. (: like that.
Is real gold worth more than just gold filled gold with copper or brass inside?
I'm pretty sure real gold is worth more then gold stuffed with lesser valued things.
Will increase in nominal money supply increase real money supply?
No because real money supply would only increase if the price level doesnt increase or increases at a slower pace than the increase in nominal money supply. This is because the real money supply takes into account the current price level.
What happens to the quantity of labor demanded when there is a rise in the real wage rate?
When real wages increase then the demand for labor slows. Employers must maintain their budgets, so they will not employ more people than their budgets can stand.
