answersLogoWhite

0

A decrease in the wage rate typically results in reduced labor costs for businesses, which can lead to higher profits or lower prices for consumers. However, it may also lead to lower income for workers and potentially reduced consumer spending in the broader economy.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Related Questions

A decrease in wage rate causes what?

A decrease in the wage rate typically leads to lower labor costs for businesses and may potentially lead to increased profitability. However, it can also result in lower disposable income for workers, reduced consumer spending, and potential negative impacts on overall economic growth.


What causes the reaction rate to decrease as the reaction progress?

The concentration of the reactants decreases.


What are the causes of over population in India?

industrialisationimmigrationimproved medicaltechniques leading to increase in birth rate and decrease in death rate.


Which method is economically efficient if the hourly wage rate and implicit rental rate of capital are i Wage rate 1 rental rate 100 ii Wage rate 5 rental rate 50 iii Wage rate 50 rental rate?

i think i also no idea about this


Can an employer decrease you wage in Texas?

Certainly, but not below the minimum wage.


If the us cracked down on illegal immigrants and returned millions of workers to their countries what would happen in the us to a potential GDP b employment and c the real wage rate?

a. U.S. potential GDP. It would decrease a lot. b. U.S. employment- It would increase unemployment. c. The U.S. real wage rate. It would decrease


Causes of low capital formation?

I thin that we can control of low capital formation in the under developing countries. control the poverty, decrease birth rate, saving into bank, decrease international demonstration effect, improve infra structure increase entrepreneurial abilities, decrease unproductive expenditures, decrease unequal income distribution, decrease inflation, problem of money marker and decrease market imperfections.


Can an employer in Montana decrease your wage?

Nothing below State Minimum Wage, but yes.


Can an employer decrease your wage in Indiana?

Sure can, Unless you have a specific wage agreement contract.


What is Money wage rate?

The money wage rate is the number of dollars that an hour of labor earns.


What causes a shift in the supply curve?

the factors that cause the demand curve for bonds to shift are: increase/decrease in inflation rate increase/decrease of common stock increase/decrease of stock prices useful table :


If real wage rate is 10.00 per hour and the price level is 60 what is the money wage rate?

$6.00