Ask Question
31 May, 16:50

How can competition in a scarce labor market affect wages?

+5
Answers (1)
  1. 31 May, 19:29
    0
    Competition in a scarce labor market affect wages because when there is scarcity in labor this means that there is a shortage of workers for a specific job. Wages/salaries for workers will affect because employers will tend to make the salary high because of high demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How can competition in a scarce labor market affect wages? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers