minimum wages/a minimum wage 最低工资 supply and demand 供需关系 labour 劳动力 in the absence of… 缺少…(的情况下),可以替换without… *marginal product of labour劳动边际产量。指其他条件不变时,每增加一单位劳动企业增加的产出量(from: 百度百科,感兴趣的小伙伴可以搜索一下)。不过后文也解释了,这个...
Minimum Wage versus Supply and DemandMinimum Wage versus Supply and Demand | Scholars at HarvardRobert BarroWall Street Journal
I haven't really done much since the mid-'90s on this topic. There are a number of reasons for that that we can go into. I think my research is mischaracterized both by people who propose raising the minimum wage and by people who are opposed to it. What we were trying to do in ...
a高效诚信 Highly effective good faith[translate] aWhen the (binding) minimum wage is set above the level that balances supply and demand, it creates unemployment. 当(束缚的)最低工资在平衡供给和需求,它创造失业的水平之上被设置。[translate]...
[I]n contrast market-determined wages reflect supply and demand conditions that are specific to local market conditions and vary widely by geographic region and by industry.” Perry said market-determined wages result in more employment opportunities for unskilled workers, increased profits for ...
Ifemployers have market power in the labour marketthen they might actually offer a lower wage thanthe balance of competitive supply and demand would produce. Some workers would rather keep looking or sign up for welfare payments, and so employment is lower at this level. Introduce a minimum ...
One of the first lessons in supply and demand analysis is that forminimum wagelegislation to be effective, the minimum wage has to be set above the equilibrium wage, implying that there would be an excess supply of workers as the high wage attracts more workers to enter the market, but at...
Minimum wage is pointless; raising wages just feeds a cycle of inflation. Think about it: if wages didn't rise and every product did, it would have to eventually come down in price because of supply and demand. By anon153291 — On Feb 16, 2011 Restaurant workers are not covered ...
Relevance of minimum wage fading The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New ...
wages are determined by supply and demand, but they can be influenced by a wide variety of factors, including the cost of living in a particular area, the presence of a union and the current minimum wage. Pay rates also vary by gender, race, education level and skill level of the workfo...