2007-08-19 08:46:14 · 3 answers · asked by Thursday 1 in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
because of the way the economy is going- everything is going up in price, and no one can afford anything, so they have to work more in order to get ahead in these days
2007-08-19 08:53:16 · answer #1 · answered by saraann24 5 · 0⤊ 0⤋
ignore silly answers above
the world labor market is competitive. the key elements in compensation are hours worked, learning used on the job, equipment used on the job, and [small item] health.
back in the day, America was far and away the world leader in education -- learning used on the job by the typical worker, and in equipment used on the job per worker.
equipment isn't true any longer and we're not as far ahead in education, so the relative value of our output isn't as high as it used to be.
[not to mention that the defacto exclusion of women from the work force reduced supply and this increased the price that men's labor commanded.]
what you can do about it is to learn more and keep learning more.
if you don't want to, that's ok with me -- just learn some Chinese or Korean on the side -- enough to say "yes, Master" for starters.
:-)
2007-08-19 16:00:13 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 1⤋
it is because of the economy, and the businesses have to charge more for their products, because of the growing gas prices, along with everything else, everyone now a days have to work longer just to get ahead in life, because minimum wage is just not cutting it for today
2007-08-19 16:07:48 · answer #3 · answered by samantha r 2 · 0⤊ 0⤋