Tag: earnings
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Agricultural/Manufacturing/Services earnings
Agricultural/manufacturing/services In the third world countries the agricultural workers are paid less than manufacturing worker because the supply of agricultural workers in third world countries is high. Workers belonging to the services industry earn more than the workers in manufacturing industry
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Private/Public earnings
Private/Public Private sector employees get higher wages than public sector employees Reasons: Main aim of private sector is profit So they can give money to motivate Public sector employees get other benefits Public sector workers may also get higher wages by the help of trade unions
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Skilled/Unskilled earnings
Skilled/Unskilled Skilled workers earn more than unskilled workers because: Skilled workers have greater productivity Their supply is low They have special skills to perform a particular job Their job requires a qualification
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Male/Female earnings
Male/Female The reasons male earn more than female are: Male devote more working hours Males are always part of labor force, so they have more experience Males are better at negotiating salaries Discrimination
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Change in earnings
Changes in earnings over time for an individual Change in earnings occurs due to change in demand for labour and change is supply of labour If demand for labor increases the earnings increases If supply of labor decreases the earnings increases