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  • 01-06-2017
  • Business
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How can competition in a scarce labor market affect wages?

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taskmasters
taskmasters taskmasters
  • 14-06-2017

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.  

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