top of page
Challenges Faced by Small Firms
Question
Analyse why workers with the same skills may be paid different wage rates.
Category:
Wages
Frequently asked question
Preview Answer
I. 🍃Introduction
- Explanation of the factors that affect workers' bargaining power and wages
II. Factors affecting workers' bargaining power
- Trade unions and their strength
- Willingness to accept lower paid jobs
- Differences in demand for workers in different countries/areas/industries
- Differences in supply of workers in different countries/areas
- Public vs private sector employment
III. Factors affecting workers' wages
- Experience and responsibility
- Discrimination
- Lack of awareness of wage disparities
- Overtime pay
IV. Example of a discriminated group of workers
V. 👉Conclusion
- Summary of the factors affecting workers' bargaining power and wages
Ops... End of preview!
Already purchased Economics Study Pack subscription? Amazing! Click below
What's included
✔️Full essay
✔️Tips
✔️Diagrams
✔️Marking Schemes
✔️Examiner's report
bottom of page