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What is the following pairs of forces leads to greater competition among workers and reductions in wages?
Unemployment is a force that leads to greater competition in the workforce and a reduction in wages. A person might not be paid as much to do a job as a former worker. Unemployment forces more people to apply for jobs that are unskilled because they cannot find the ones they are skilled for.
What else can I help you with?
What are greater competition among workers and a reduction of wages?
Greater competition among workers typically leads to an oversupply of labor in the job market, which can drive down wages as employers have more candidates to choose from. This reduction in wages can result from workers being willing to accept lower pay in order to secure employment, thereby increasing the pressure on overall wage levels. Additionally, as companies strive to cut costs, they may exploit the competitive labor market to offer lower compensation packages, further exacerbating wage reductions.
Which of the following best describes the effort of outsourcing on the labor market in the US?
Competition for jobs increases and wages go down.
In economics workers are both producers and which of the following?
Consumers
In economics workers are both producers and which the following?
Consumers
In economics workers are both producers and whitch of the following?
Consumers
Which of the following has led to greater competition among workers looking for jobs?
Globalization
Which of the following best states the purpose of the lobbying done by labor unions in the US?
To reduce competition from foreign producers.
Is competition between co-workers is healthy?
yes
Which of the following best describes the effort of outsourcing on the labor market in the US?
Competition for jobs increases and wages go down.
How does free enterprise distribute jobs?
by competition among workers
How does the enterprise system distribute jobs?
by competition among workers
How does the free enterprise systems distribute jobs?
by competition among workers
How does free enterprise systems distribute jobs?
by competition among workers
Which revolution involves a change in the attitude of workers and management towards one another, from competition to cooperation?
Mental revolution Mental revolution involves a change in the attitude of workers and management towards one another, from competition to cooperation
How are steel workers doing since the 1990's?
Reductions in real wages, more flexible work rules, and management/labor cooperation were more the norm in the late 1990s.
What best explains what happens when workers join a labor union?
The workers getting greater bargaining power happens when workers join labor unions.
In economics workers are both producers and which of the following?
Consumers
