The general consensus is that wages in the stricken area increase substantially in the months immediately following a natural di

Question

Dennis_Churaev [7]

3 years ago

7

The general consensus is that wages in the stricken area increase substantially in the months immediately following a natural di

saster. This is most likely a result of what?

Social Studies

1 answer:

Mrac [35] · Answer 1 · 2021-11-14T03:16:00+03:00

Answer:

decrease in labor supply as some workers leave the afflicted area

Explanation:

According to my research on different effects of natural disasters, I can say that based on the information provided within the question this is most likely a result of a decrease in labor supply as some workers leave the afflicted area. Like in everything in economics price is dependent on supply and demand. After a natural disaster demand is extremely high and supply of workers is most likely low, which leads to higher wages for those that are available.

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