SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level (DONEEEEEEE)

» Start this Course
(Practice similar questions for free)
Question:

Why can Low Skilled Jobs greatly Affect the Elasticity of Labour Supplied

Author: eric_galvao



Answer:

-Low-skilled jobs result in the Supply of Labour being more Elastic. A Small Rise in the Wage Rates creates a Bigger % in the Quantity of Workers Supplied. This can be due to a Large Pool of Unskilled Workers, and More being Unemployed and Looking for Work -Furthermore, low-skilled jobs usually have similar wage Rates. If one Low Skilled Job increases its wages by a Small Amount, it leads to a greater Force of Workers moving into the Firm


0 / 5  (0 ratings)

1 answer(s) in total