EconomicsCode 2281
Reasons for differences in wages
What this topic asks you to be able to do
- the reasons behind differences: the balance between labour demand and labour supply; relative bargaining strengths; discrimination, e.g. male/female; government policy
- how these reasons affect workers' wages, depending on: how skilled they are; which economic sector they work in: primary/secondary/tertiary; discrimination between workers, e.g. male/female; whether they work in the public sector or the private sector