When wages rise faster than labor productivity what happens

1 answer:

n200080 [17]2 years ago

7 0

People either get hired to balance out how much a company is paying their employees, or the price of their priduuct increases to balance out how much money their employees are getting paid

You might be interested in

Students will write a thorough explanation of the impact of price ceilings would have on the field of medicine in the United Sta

melisa1 [442]

Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.

However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.

For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.

Request: Can I please get brainliest

8 0

2 years ago

Major retail firms such as Walmart have used data mining to customize the product offerings for each store.

Gwar [14]

Answer
False
Explanation
Data mining is the process of turning raw data into useful information

3 0

2 years ago

Read 2 more answers

The Bretton woods system of exchange rates relied on A. Fixed exchange rates with no mechanism for changing them. B. Fixed or pe

aleksklad [387]

The Bretton woods system of exchange rates relied on "fixed or pegged exchange rates, with occasional orderly adjustments to the rates."

The Bretton Woods arrangement of money related administration built up the rules for business and monetary relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods framework was the principal case of a completely arranged financial request expected to administer money related relations among free states. The central highlights of the Bretton Woods framework were a commitment for every nation to embrace a fiscal approach that kept up its outer trade rates inside 1 percent by binds its money to gold and the capacity of the IMF to connect transitory uneven characters of installments. Likewise, there was a need to address the trouble among different nations and to anticipate focused depreciation of the monetary forms also.

6 0

3 years ago

Alice is trying to save money, so she decides she’ll only buy renters insurance if and when something bad happens at her apartme

ahrayia [7]

Answer:

The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.

Explanation:

Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. Insurances do not enroll individuals who need the policy just because of an ongoing accident. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.

7 0

2 years ago

Through a process called _______, marketers collect and evaluate information about the marketing environment.

OverLord2011 [107]

Answer:

Through a process called environmental scanning marketers collect and evaluate information about the marketing environment.

What is environmental scanning?

Environmental scanning is the process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.

3 0

2 years ago