3 Answered Questions for the topic Wages

Why do firms losing money almost always reduce labor costs via layoffs instead of pay cuts?

At least in the United States, firms seem to almost always reduce labor costs via layoffs rather than pay cuts. Pay cuts are so rare that they're literally... more

02/14/15

pay wages over the last 23 years

A teacher started work 1986 and for the year I was paid $ 14,275.00And in 2009 the same teacher was paid $ 79,386.002009 – 1986 = 23 years   $ 79,386.00 - $ 14,275.00 ========== $... more

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