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murzikaleks [220]
3 years ago
13

why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers

Business
2 answers:
Zina [86]3 years ago
5 0
Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers. 

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!
Nitella [24]3 years ago
4 0

Skilled and professional workers are generally paid higher than the semi skilled or unskilled workers. This is because of the fact that Skilled and Professional Workers don't need any training to do the job. They have already educated in the field of their expertise that they don't require training. So because of this fact, they are paid higher than the semi skilled or unskilled worker, because semi skilled and unskilled workers require job training.

Training is the department in all organization where huge amounts are spent. So if already skilled professionals are hired, the cost of training for the company would decrease and they can hire the skilled workers at a high wage rate.

Also it is the game of demand and supply. There are usually less Skilled and professional workers. So the supply is less, demand is high. So their wage rate increases.

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<em>Detailed Question lifted from google: </em>

<em>Use the information presented below for Chambersburg Corp for 2017 and </em>

<em>2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for</em>

<em>Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period? </em>

<em>a. Chambersburg also purchased additional equipment during the year. </em>

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<em> d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.</em>

<em />

The only applicable answer based on the question is A, <em>Chambersburg also purchased additional equipment during the year. </em>

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A. Between 2016 and 2017 <em>Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)</em>

<em />

B. Between 2016 and 2017 Depreciation expense on <em>Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)</em>

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<em>Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.</em>

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