the production possibilities frontier
lower wages less jobs
it affects because labor is the main factor of production so that is to say no labor no production at all
Fishing is a factor that affects aquatic life in the ocean. So is water pollution.
The main factor that affects the air pressure at a given location is the altitude (or height above sea level) of that location.
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well i would like to know what starting wages are for a photographer and what is the entrance level?
David Ricardo's Iron Law of Wages posits that real wages tend to settle at a subsistence level, meaning that wages will naturally gravitate towards the minimum necessary for workers to survive. This theory suggests that any increase in wages above this subsistence level would lead to population growth, which in turn would increase the labor supply and ultimately drive wages back down. As a result, the cycle perpetuates itself, keeping wages at a level that merely sustains the workforce.
Tariffs,taxes, and Lowe wages
The theory of the Iron Law of Wages suggests that wages fluctuate around a subsistence level due to the relationship between labor supply and demand. This theory implies that as population grows, wages tend to decrease to a subsistence level, leading to a cycle of low wages, increased population, and low wages again.
The availability of water is the critical factor.