3.2 Occupations and Earnings

Question 0

What is he difference between wages and salary?

Answer 0

Wages are per hour

Salaries are annual

Question 1

What two things do people take into account when considering a job?

Answer 1

Wage factors and non-wage factors (benefits)

Question 2

Wages will be high when: (4)

Answer 2

Very specific skills or qualifications that take long or are expensive to learn are needed
Unsociable hours
Dangerous tasks
Geographic immobility
Restricted supply of labour
High demand for labour

Question 3

Why the same job has different pay… (4)

Answer 3

Regional pay differences
Non-wage benefits
Experience and length of service
Discrimination