Ask Question
14 July, 18:38

Describe

four factors that determine wage differentials?

+3
Answers (1)
  1. 14 July, 20:00
    0
    The four factors that determine wage differentials include efficiency in labor, where skilled workers may get higher pay than the unskilled ones; working conditions is another factor, as performing one’s job in dangerous areas may give higher pay to compensate for the risks involved; discrimination also affects the wage rates and said rates may be biased against a certain person or group; lastly, there is the demand for laborers across occupations that vary, and the wage paid may depend on the desirability or the requirements needed for a certain job.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Describe four factors that determine wage differentials? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers