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Demand for a job can increase or decrease the wages for a job. This entirely depends upon the kind of demand you are talking about.
From:
Employee side- If demand for a job increases from aspirants side than its wages decrease because many aspirants are available for that job.
Employer side: If demand for a job increases from employer's side,wages increases because employer want to hire the aspirant at any salary.
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∙ 10y ago
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How did the depression affect workers who kept their job?
There were cutbacks in wages and hours
How does wage increases affect the demand for and supply of labor?
wages will go down because productivity is lower
How would greater demand for your job affect your salary?
Basically, when there is greater responsibility or demand in your job, your salary should be higher. They are parallel but also depends on the position that you are in
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
What are the main determinants of labor demand n supply?
Main determinants of labour demand are: demand for goods,availability of capital and cost of labour. Main determinants of labour supply are: wages and benefits, population size(demographic factors) and job requirements
Why does walmart have bad wages?
Because people are prepared to work for these wages. Supply and demand!
If they ganish your wages then you quit your job what can they do then?
NO, wages, NO garnishment.
What best explains why the level of wages are largely determined by the law of supply and demand?
People looking for jobs constitute the supply of labor. Firms looking for employees constitute the demand for labor. Clearly then if there is a large supply of labor available and not much demand, wages will be low. If there is a large demand for labor and a small supply, wages will be high.
How does a minimum wage hike affect union wages and benefits?
For the most part it does not. Most unions have wages above minimum wage. Depending on members wages, the type of job each member has, and the amount of the minimum wage increase, it may make it easier for a union to push for higher wages.
What is the basic economic that decides how high wages will be?
Supply and demand is the economic principle that decides how high wages will be
How can unpleasant and risky jobs affect income inequality?
These type of jobs will generally have to utilize higher wages in order to attract job seekers.
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
