Wage differentials

Question 1

How do firms competing for labour change wage

Answer 1

if there is a high demand for your labour then they will increase wage as incentive

Question 2

What do economic migrants have to do with wage differentials

Answer 2

if there is scarcity of labour i.e little migrants then wage will vary

Question 3

What are two ways gender is linked to wage differentials

Answer 3

discrimination towards women - take less pay
disadvantaged women who take more time off for caring

Question 4

what is varied in part time and full time work

Answer 4

wage!

Question 5

What do sectors have to do with wage

Answer 5

Public sector wage is usually lower because they can’t increase tax to fund increases

Question 6

How does automation effect wage

Answer 6

labour gets replaced meaning wage decreases because you aren’t required

Question 7

How is elasticity of supply effecting wage differentials

Answer 7

if supply is inelastic then wage will be increased more to get enough jobs
if supply is elastic then wage does not need to be increased much to get jobs

Question 8

How did globalisation impact wage differences

Answer 8

multi national companies operate in places where labour is cheap and drive down their wage

Question 9

how can schooling impact wage

Answer 9

if you have more education you can get higher wages