Are wages high or low in a recession?

Anonymous

∙ 15y ago

Updated: 8/18/2019

Not all sectors of the economy or professions are affected negatively by a recession, but times of economic hardship certainly are followed by high unemployment and wide cuts in wages.

Wiki User

∙ 15y ago

What else can I help you with?

Colonial powers harmed their colonies by?

Keeping wages low and taxes to high

What phase of the business cycle do employees lose their jobs to new applicants who are willing to accept lower wages?

recession

Why did the Italian Immigrants come to the US?

low wages and high taxes :)

How did colonial powers harm their colonies?

Keeping wages low and taxes to high

What does low wages mean?

low wages basically means low income!

Which describes the economy of facist Germany during the great depression?

high employment with low wages

What caused the curren recession?

Flat wages, Bad banking practices, and federal bailouts

What are some states with a low cost of living and high wages?

Some states with a low cost of living and high wages include Texas, Utah, and North Carolina. These states offer affordable housing and goods, while also providing competitive salaries for workers.

Was an effect of the Great Recession?

High unemployment was an effect of the Great Recession.

What was the effect of the 1981-1982 recession?

High unemployment was an effect of the Great Recession.

What are the conflicts between Customers and Employees?

Employees want high wages, whereas consumers want low prices.

Which of these is not a cost of recession?

low unemployment

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