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What is sticky wage theory?
It is an economic theory that states that wage rates are said to be "sticky" when they do not respond quickly to changes in demand or supply. An example would be employment contracts. If an economy is in recession or expansion, and the prices are either rising or falling, the wages of contract-bound employees do not change with economic changes.
How much was minimum wage in 2008?
It depends which country you mean. Many did not, and still do not have a minimum wage. For those that do it varies.
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
When an average cost is at its minimum then?
Per hour, the average wage is a minimum of £5 +, what do you mean by average cost??
When minimum wage increases for workers how does this affect the supply curve for a company?
When minimum wage increases for workers this affects the supply curve upwards for the company. This will mean that the cost goes up which pushes the curve to the left.
What does the term minimum wage mean?
The lowest wage an employee is allowed to be pay.
What does the math term wage mean?
it means that when u sleep with someone u bang hard
What does the term 'pay scale' mean?
The term "pay scale" is a noun that refers to the hierarchy of wage level, typically varying according to job title, salary or length of service. It is also called a "salary scale" or "wage scale".
What term refers to the lowest wage an employee can pay legally?
minimum wage
What is sticky wage theory?
It is an economic theory that states that wage rates are said to be "sticky" when they do not respond quickly to changes in demand or supply. An example would be employment contracts. If an economy is in recession or expansion, and the prices are either rising or falling, the wages of contract-bound employees do not change with economic changes.
What does wage entitlement mean?
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.
What does the French word wage mean?
wage isn't a French word.
What is reserve wage?
The term is actually reservation wage. This is the lowest payment a worker is willing to accept for a particular job.
Can an auto repossession cause wage garnishment if the car was purchased in Texas but I live in Louisiana?
That is a sticky question they could come to your state and garnish
WHAT ARE your thoughts about minimum wage legislation?
All economists agree that min wage laws assure youth unemployment, low-skill worker unemployment, and thus young black and Hispanic unemployment. Yoots who WOULD get hired at wage rates lower than the min wage, are not worth hiring at the mandatory floor rate, so employers insist on skill or experience at min wage jobs. I also think min wage no big deal, since only 1 million US workers in an employed workforce of 140 million earn min wage.
Why do economists change current dollars into constant dollars and how does that relate to the purchasing power of minimum wage over time?
Well no one cares so why do you ask I'm a married women
How much should a 2nd year commercial electrician make in MD?
If you are talking about an apprentice, their pay rises in increments of 5% per term. In a four year apprenticeship there are 8 terms. The first term starts at 65% of a journeyman's wage. So a second year or third or fourth term apprentice's wage should be 75 to 80 percent of the journeyman's wage. This is an IBEW wage scale.
