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How wage growth reformer to labour market

How wage growth reformer to labour market
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How wage growth reformer to labour market

asked
User Harshal Yanpallewar
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1 Answer

6 votes

Answer:

Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.

answered
User Ade Stringer
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