I'm having trouble with one of my questions for homework. Can someone please help me out?
the question is:
Some people believe that in today's economy, the theory of negotiated wages is more useful that the traiditional theory of wage determination. Explain why you agree or disagree.
2006-11-12 07:52:20 · 4 answers · asked by Anonymous in Social Science ➔ Economics
i agree. negotiated wages reflect the true demand (in the present). Though more volatile, negotiated wages have the effect of always pulling labor to industries and locations where it is most needed.
wage determination is historically based and is often not reflective of the current value (as determined by negotiate wages).
2006-11-12 08:07:01 · answer #1 · answered by mikesheppard 4 · 0⤊ 0⤋
I agree, because if there is a negotiated wage then there will most likely be less arguing, pressure, and ignorance then there would be will the traditional theory.
In other words, less conflict.
2006-11-12 07:59:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you quite fully grasp give part economics? It isn't without problems approximately lowering taxes on industry homeowners; it makes a speciality of each insurance policies that aid elevate capital for brand new and increasing companies and at the fees of creation. The "traditional knowledge" isn't consistently right. So you could as an alternative executive pass to all the obstacle and cost and administrative price to tax a industry after which spend cash with companies as a substitute of simply letting companies preserve their possess tough-earned cash to start with? That does not make a lot experience, both.
2016-09-01 11:22:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Negotiated wage , less stress, depression and People will get along better because of not worrying about money issues. as much..
2006-11-12 08:34:03 · answer #4 · answered by StarShine G 7 · 0⤊ 0⤋