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Who benefits or loses from a low elasticity of demand for labor?
The low elasticity of demand for labor decreases with unemployment benefit. Generally low pay workers prefer that the minimum wage rate be increased until the labor demand is unitary elastic.
What generally happens to the equilibrium wage when demand for workers is low and supply is high?
Wage goes down.
What generally happens to the equilibrium wage demand for workers is high and supply is low?
Wage goes down.
What was mid-atlantic economy like?
it had live stock,grain,trading and unskilled and unsklilled workers,fishermen
Because labor can be bought and sold in market like any other commodity the price of labor is partly determined by which of the following?
The quality of the labor and the supply. Skilled labor is worth more than unskilled. If there is a shortage of workers (labor) the price paid goes up.
What was a reason for the success of the knights of labor?
they allowed both unskilled and skilled workers
Are workers for the UAE skilled or unskilled?
Both, skilled and unskilled
What were unskilled workers in Egypt doing?
unskilled worker lived in hubs
Which was the largest group but made the least money?
Unskilled workers were the largest group who made the least money.
Is there a high demand for social workers?
Extremely. It's one of the most demanded careers in the US.
Was not a characteristic of unskilled workers?
Unskilled workers were not high-school educated.
What did ancient Egyptian unskilled workers do?
unskilled workers were to, at the time, build the the great pyramid because eventhough they had slaves they werent enough so the king forced them into it as well :)
Who benefits or loses from a low elasticity of demand for labor?
The low elasticity of demand for labor decreases with unemployment benefit. Generally low pay workers prefer that the minimum wage rate be increased until the labor demand is unitary elastic.
Why did unskilled workers have difficulty improving their working conditions?
There was such an abundance of unskilled workers that if they protested for better working conditions, they would get fired and easily replaced by someone who was eager for a job.
In a company there were 75 percent skilled workers and the remaining unskilled 80 percent of the skilled and 20 percent of the unskilled were permanent If the temporary workers were 126 find the total?
360
Who did the knights of labor hire?
Both skilled AND unskilled workers
Wobblies arose in reaction to the AFL?
fight for the rights of unskilled laborers
