How pay for workers is determined?

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asked Jan 27, 2021 19.3k views

1 Answer

Panya · Answer 1 · 2021-02-02T09:42:35+0000

According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating a market for labor.

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How pay for workers is determined?

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