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Wages are affected by several factors, including the supply and demand for labor, the level of skills and education required for a job, and the prevailing economic conditions. Additionally, industry standards, company profitability, and geographic location play significant roles. Government regulations, such as minimum wage laws and labor unions, can also influence wage levels. Lastly, inflation affects purchasing power, which can impact wage negotiations over time.
What else can I help you with?
How were skilled craftsman affected by industrialization?
They saw a decline in wages.
How do you solve unemployment affected by labor cost?
Get labourers to take smaller wages.
What hardships affected both women and former slaves in the 19th century?
Answer this question… They were given low wages.
Are wages high or low in a recession?
Not all sectors of the economy or professions are affected negatively by a recession, but times of economic hardship certainly are followed by high unemployment and wide cuts in wages.
How were wages or pay affected by the Black Death?
Black Death caused people to panic. It caused them to work at even lower wages in order to get food.
Because labor is a commodity wages are affected by what?
SUPPLY AND DEMAND for particular skills or work quality, among other factors.
Can a state garnish wages on child support arrears if they are included in chapter 13?
Yes; child support is not affected by or discharged in bankruptcy.
How has the it revolution affected Bangalore?
There are low wages. Time change, the government can not keep up. THey had to learn to speak English & there was terrible traffic
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.
Did Pierre Elliot Trudeau Prime Minister of Canada freeze wages for all employees in Canada including private sector wages?
No, Pierre Elliott Trudeau did not freeze wages for all employees in Canada, including those in the private sector. During his time in office, particularly in the early 1970s, Trudeau's government implemented wage and price controls as a response to inflation, which primarily affected public sector wages and certain regulated industries. However, these measures did not extend to a comprehensive freeze on private sector wages across the board.
How do you think the influx of immigrant workers affected American manufacturing?
The influx of immigrant worker affected the American manufacturing because of economic issues. Many of the immigrant workers were willing to work for small wages for other sectors that competed with manufacturing companies.
How was the labor pool was 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
