Shadow wage is the opportunity cost of labour, used in cost benefit analysis.
Shadow wage is the opportunity cost of labour, used in cost benefit analysis.
Shadow wage rate is much more mysterious and sexy than Wage Rate. Some would even say more dangerous. Market wage rate is what they pay people who work in the market. One day all the market workers will have their paychecks do situps and become the sexy shadow wage rate. One can only hope. Not sure if my answers are spot on but I'm betting an economist would admit that I am in the same ballpark.
Minimum wage is a starting wage
Wage expense
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
Wage Entitlement is when you get entitled to get a raise on you wage. A wage is when you get money or getting money on pay day.
The average wage is 10.50 Minimum wage is 7.25
Real Wage = Money Wage / Price Index Real wage measures purchasing power, that is what an hour's labor can buy.
What is the wage structure?
What is the wage structure?
yes like my wage is..... The company pays a fair wage. He wants to wage war on the enemy.
The minimum wage is $7.25, the same as federal minimum wage.