Th4.1: ^^ Wages Flashcards
1
Q
Why do some workers simply earn more than others?
A
because of higher educational achievements, because they work longer hours or because their skills are more in demand
2
Q
Those who aren’t in work will have a lower…
A
income than others
3
Q
Moreover, the higher the level of income…
A
the more someone can save and thus the more wealth they can build up
4
Q
Why can’t those on lower incomes build up a stock of assets like the rich?
A
they have to spend most of their money on everyday items like food
