Economics Question.. Please Help?
I'm having trouble with one of my questions for homework. Can someone please help me out?
the question is:
Some people believe that in today's economy, the theory of negotiated wages is more useful that the traiditional theory of wage determination. Explain why you agree or disagree.
Answer:
i agree. negotiated wages reflect the true demand (in the present). Though more volatile, negotiated wages have the effect of always pulling labor to industries and locations where it is most needed.
wage determination is historically based and is often not reflective of the current value (as determined by negotiate wages).
I agree, because if there is a negotiated wage then there will most likely be less arguing, pressure, and ignorance then there would be will the traditional theory.
In other words, less conflict.
Negotiated wage , less stress, depression and People will get along better because of not worrying about money issues. as much..
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the question is:
Some people believe that in today's economy, the theory of negotiated wages is more useful that the traiditional theory of wage determination. Explain why you agree or disagree.
Answer:
i agree. negotiated wages reflect the true demand (in the present). Though more volatile, negotiated wages have the effect of always pulling labor to industries and locations where it is most needed.
wage determination is historically based and is often not reflective of the current value (as determined by negotiate wages).
I agree, because if there is a negotiated wage then there will most likely be less arguing, pressure, and ignorance then there would be will the traditional theory.
In other words, less conflict.
Negotiated wage , less stress, depression and People will get along better because of not worrying about money issues. as much..
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