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SUPPLY AND DEMAND for particular skills or work quality, among other factors.

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14y ago

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How do you solve unemployment affected by labor cost?

Get labourers to take smaller wages.


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.


What factors determine wages and why?

Wages are affected by the costs of production, expenses such as land and materials; the more expensive those are, the less margin is available to create a profit. The available labor pool affects wages because the more people there are competing for a job, the more willing workers are to take a lower wage. Wages earned at other jobs also have an effect because employers need to make their jobs more attractive than others.


Because immigration can result in an increase in the supply of labor immigration can result in what?

A general decrease in wages. - Apex


What is the reward for labor?

wages


What is reward for labor?

wages


What gains did labor unions seek?

better working conditions and increased wages.


What does the demand for labor contribute to?

Demand for labor contributes to how much wages should be


How did Fordism affect American labor negatively?

Fordism affected American labor negatively by refusing to increase wages or benefits, it made workers poor.


Because immigration can result in an increase in the supply of labor what can immigration result to?

A general decrease in wages. - Apex


How does wage increases affect the demand for and supply of labor?

wages will go down because productivity is lower


How was the labor pool affected by immigration in the late 19Th century and early 20Th century?

There were large pools of unskilled workers who were willing to work for low wages- study island