Question

Why were industrialists able to pay such low wages?

Answer 1

In industrial times, most workers were less skilled and were paid by the hour or by the piece. Clearly, employers wanted to cut costs to maximize profits, and a key way was to cut labor s wages: A. Iron Law of Wages: many employers cited this law as justification for paying low wages.

In industrial times, most workers were less skilled and were paid by the hour or by the piece. Clearly, employers wanted to cut costs to maximize profits, and a key way was to cut labor s wages: A. Iron Law of Wages: many employers cited this law as justification for paying low wages.

Step-by-step explanation:

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