productivity plays

Explain the role labor’s productivity plays in wage determination in the competitive labor market. If productivity increases, what happens to wages and why?What is meant by the term “compensating

  1. Explain the role labor’s productivity plays in wage determination in the competitive labor market. If productivity increases, what happens to wages and why?
  2. What is meant by the term “compensating wage differentials?”
  3. Why is the demand for labor called a “derived demand.”

 

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productivity plays was first posted on November 5, 2019 at 2:35 pm.
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