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wages should increase as employment increases.
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∙ 12y ago
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How does Clark fisher's model work?
-Pre-industrial countries have mainly primary employment (extraction of raw materials) which on average has lower wages. -As countries industrialise the secondary employment (processing/manufacturing of raw materials) rapidly increases and tertiary employment (services) begins to increase. As a result average wages increase. -As countries become post-industrial the secondary employment falls, the tertiary sector of employment becomes dominant and quaternary employment (research/marketing/consultancy) also increases. Average wages increase again.
What of the following is the most direct cause of cost push inflation?
Rising production costs.
Which term is defines as the dollar amount earned in a worker's paycheck?
nominal wages
What is paid employment?
Paid employment refers to job positions that are compensated with wages and salaries.
What is wages employment?
A wage is a compensation, usually financial, received by a worker in exchange for their labor.
Earnings which you receive as a result of employment?
wages/salary
What is the employment minimum wages in 1995 in the US?
$7.25
Which term is defined as the dollar amount earned in a worker's paycheck?
nominal wages
What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
Can your federal wages be garnished?
Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.
How does the basic conditions of employment protect the employer?
through hours and wages
What are dangers of over reliance on wage employment?
What are the dangers of over reliance on wages
