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Why would a star athlete receive wages so much high than an insurance sales representative?
Because the available supply of a star athlete, compared to her demand, would be extremely small.
How do wages affect monopolies?
Wages in a monopoly can be influenced by the lack of competition, which often leads to lower wage levels for workers compared to competitive markets. Since monopolies have greater control over pricing and production, they may prioritize profit maximization over employee compensation. This can result in stagnant wages and limited benefits for workers. Additionally, the absence of alternative employment options may reduce workers' bargaining power, further suppressing wage growth.
What caused the economic downturns of the late 1800s?
The main causes of poverty in America during the late 1800's were low wages. Even though prices were going up, pay was not. Farmer's also could not make enough money selling their crops to cover the cost of machinery that they bought.
What was a reason that businesses moved to the South?
Wages in the south were lower the wages in the north
Which of the following best describes david ricardo's iron law of wages?
David Ricardo's "iron law of wages" basically states that parents would have more children if wages were raised. These children would then expand the number of workers and lower wages as they entered the labor market. Then, wages would fall and the workers would have fewer children. The process would then start over as wages would once again rise. He used this logic to advocate that wages would always tend toward a minimum level in the long run, hence the "iron law of wages" with static, unchanging wages. Many employers used this argument to support their natural reluctance to raise wages. This "iron law of wages" was also used to provide theoretical support for opposing labor unions.
Why would US factory workers in the late 1800s be opposed to immigration?
they would drive down wages.!!
What did industrial workers do in the 1800s?
They faced low wages and long hours in unsafe working conditions.
Why would wages for labor be higher in Pennsylvania than in England in the 1600s?
In the 1600s, wages for labor were higher in Pennsylvania than in England because there were less people to work. Knowing that the land was cheaper and the wages were higher was one reason many people immigrated to America.
Workers rights in the late 1800s?
Workers fought for higher wages, less hours, and less insurance.
In the late 1800s industrial workers?
They faced low wages and long hours in unsafe working conditions.
In the late 1800s workers tolerated poor wages because they?
The the 1800's people worked for low wages because it was work. Money did not matter as long as you got some money.
What were the wages of being a factory owner in Victorian England?
Factory owners did not take wages, they took the profits of the factory.
What are the differences between men and woman wages from the 1800s till today?
nothing they are all the same so in ur face
In the late 1800s one response of workers in England to unsafe working conditions was to?
In the late 1800s, one response of workers in England to unsafe working conditions was to form trade unions. These unions aimed to organize laborers to collectively negotiate for better wages, safer working conditions, and reasonable hours. Strikes and protests became common tactics to press employers and the government for reforms. This movement laid the groundwork for future labor rights advancements throughout the 20th century.
Whose wages did laban change and how many times?
Laban changed Jacob's wages multiple times while working for him - specifically, he changed Jacob's wages 10 times as mentioned in Genesis 31:7.
What was the main response to the formation of national labor unions in the late 1800s?
poor working conditions and low wages in many industries
Why would wages for labor be higher in Pennsylvania than in England?
The scarcity of workers was the reason that wages were higher in colonial Pennsylvania than in England. Many people immigrated to America during the 1600s because the wages were higher and the land was cheaper.
