<em>The mobs smashed newly invented machines as a form of protest against the insertion of the machines in textile industry. The machines changed the whole process of production and competition in the marketing, the machines speed up the production process in some case 100 times more than what a human would spend to do a job. So the machinery threatens human jobs positions and salaries in the factories. </em>
Answer:
Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
Explanation:
That is the awnser to this question your welcome
