Why are coal miners paid more than other workerswith similar amounts of education?

Q: What is the goal of Equal Employment Opportunity? What are the ways to protect employees from unfair…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: what are the factors that will lead to an increase in demand for workers in an economy?

A: There are many factors that could lead to an increase in the demand for labor. Some of them are: 1.…

Q: In what specific ways (if any) does a college education increase a worker's productivity? Why do you…

A: The resources which are present with the economies, or societies around the globe tend to be limited…

Q: If higher wages raise productivity, does supply and demand determine wages?

A:

Q: Explain the market and non-market factors that how wages may be determined in a labour market.

A: If we consider the labor market under perfect competition then the wage rate is set by the market,…

Q: How does immigration of workers affect labor supply, labor demand, the marginal product of labor,…

A: Immigration refers to the shifting of the labor from the rural areas to the urban in search of…

Q: How does Technology affect the Demand for Labor?

A: Demand is the quantity of goods and services that people are willing and able to buy at particular…

Q: How does the introduction of health insurance as a benefit influence the supply curve for labor?

A: Health insurance provided to a worker is a non monetary benefit given to him in addition to his wage…

Q: How does a typical worker decide how many hours to allocate to the labor market?

A: Labor market: It is a market in which the demand and supply for the labour take place. In this…

Q: Do each of the following shift labor demand or labor supply? An increase in the labor force? an…

A: Shift in the labor demand curve occurs because of different reasons such as change in quantity…

Q: Explain four ways in which a firm might increase its profits by raising the wages it pays.

A: A firm hires workers and employees to serve their services at different levels of the production…

Q: How does the presence of a labor union change negotiations between employers and workers?

A: A labor market is a place where the employers and employees interact with each other, with the…

Q: Give some examples of direct labor?

A: Direct laborers are the individuals and staff who produce the company’s products and provide…

Q: what impact does minimum wages have on the labor market? Discuss giving examples

A: The impacts of the minimum wage on the labor market are the following: Unemployment Uncompetitive…

Q: In the world, What are the economic, social and historical reasons that were effective in the…

A: Economic reason for labor law was wage inequality.

Q: Over the long run, ____________ per hour is the most important determinant of the average wage level…

A: Productivity: The output per hour given by the labourer is called productivity. The productivity is…

Q: In what ways can people exercise their right to work and fair pay?

A: Work is very important as people want to work, have jobs, and increase their livelihood and income.…

Q: What reason does NOT explain why women may earn less than men in the labor market? A. Occupational…

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a…

Q: ] How do African Americans fare in the job market?

A: In the job market, African-Americans has been experiencing the  fewer employment and holding over…

Q: Explain five ways in which a firm might increase its profits by raising the wages it pays?

A: Wages refer to the fixed amount of sum paid to the workers for rendering their services in a firm or…

Q: If you worked for a union, would you accept higher wages if it meant others would be laid off? Why…

A: A union is formed when workers of a particular industry or company come together as a group in order…

Q: How are Labor Markets Affected by Discrimination? What is meant by a Poverty Trap?

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…

Q: How are Labor Markets Affected by Discrimination?

A: In a labor market, discrimination refers to the situation when firms choose a candidate of another…

Q: Has labor benefited from or been hurt by unionization, improvements in technology and globalization?

A: Unionisation is the process of formation of group of individuals who represents the labourers and…

Q: How does the firm adjust its employment if it is costly to hire and fire workers?

A: A firm needs to alter or adjust its labour force(LF) as a response to the ever-changing environment…

Q: Some economists argue that minimum wage policy does not always lead to the unemployment consequences…

A: A minimum wage law refers to a law that decides the minimum wage rate that an employer should pay to…

Q: What factor limits the amount a firm can pay a worker to produce a product?

A: The firm uses the labor or worker as long as it is profitable. The productivity of labor decides the…

Q: Does migration cause poverty? Explain.

A: In economics, migration refers to the situation when people move from one country to another country…

Q: Will raising the minimum wage or establishing a living wage help reduce poverty in America and…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: Who are the key actors in the labor market? What motives do economists typically assign to workers…

A: Labor market is a structure where the commodity supplied in the form of labor is provided by the…

Q: If women in America get paid less than men, why don't more businesses just hire women and save…

A: Wages are the monetary compensation provided to labor for its contribution to the manufacturing…

Q: How do wages affect labor supply?

A: The labor is an important factor of production and the wage is the income earned by labor for…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: Why should there be a standard work- week rather than a situation in which individual workers are…

A: There are many reasons for a standard workweek instead of free will:- - If there is no standard…

Q: How do minimum wages affect wages, employment, and unemployment?

A:

Q: How might a company continue to do business without paying higher wages?

A: Some of the jobs are really underpaid and there have been many reasons to it which is why laws such…

Q: What is a perfectly competitive labor market?

A: A perfectly competitive market will be one in which the firm have no power to impact the price of…