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What is the basic economic principle that decides how high wages will be?
Supply and demand is the economic principle that decides how high wages will be
What are the basic problem in the Philippines?
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
Are wages high or low in a recession?
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.
How does the productivity versus wages trend in the United States impact the overall economic landscape?
The productivity versus wages trend in the United States impacts the overall economic landscape by influencing income inequality, consumer spending, and economic growth. When productivity increases but wages do not keep pace, it can lead to a widening gap between high and low-income earners, potentially reducing consumer purchasing power and slowing down economic growth. This trend can also affect job creation, investment, and overall economic stability.
Why did immigrants leave Italy?
They left because southern Italy was consumed by economic disaster's, natural disasters, and high taxes/low wages.
What the theory of the Iron Law of Wages?
The Iron Law of Wages is an economic theory that suggests wages will tend to settle at the minimum level necessary for workers to survive. This theory implies that increases in wages would eventually be offset by rising population growth, leading to a cycle of low wages and high unemployment. The theory has been widely debated and criticized for its assumptions and implications.
The economic downturn following the war included decreased production lower wages and high cost of living?
Strikes by approximately 4 million workers
Some southerners were drawn to the republican party because?
Many Southerners were drawn to the Republican Party by of its emphasis on economic development. Their fiscal policy was that of hard money, high tariffs, high wages, and high profits.
The economic downturn following the war included decreased production lower wages and high cost of living all of which led to?
The cost of soldiers' benefits after the war
What has the author Paul W Kingston written?
Paul W. Kingston has written: 'The High-Status Track' 'The wages of writing' -- subject(s): American Authors, Authorship, Economic aspects of Authorship, Economic conditions, Social conditions
Colonial powers harmed their colonies by?
Keeping wages low and taxes to high
Who lowered wages during economic depression?
During an economic depression, it is typically employers who may lower wages in order to cut costs. This can be a result of decreased demand for goods and services, leading to reduced profitability and the need to scale back expenses, including labor costs. However, it is important to note that wage reductions can also be influenced by government policies or collective bargaining agreements.
