Economics - 0455 CIE

Workers

Bayani Gaba-gaba

Why does a surgeon earn many times more than a cleaner, and why does a minimum wage law help some workers but risk leaving others without a job at all? The answers lie in the labour market, where the same forces of demand and supply that set the price of goods also set the price of work: the wage.

In this lesson you will explore the wage and non-wage factors that shape people's choice of job, what drives the demand for and supply of labour, how trade unions bargain for their members, and how a national minimum wage works. You will also draw and interpret labour-market diagrams that examiners ask for again and again.

Manufura

wage and non-wage factors
influences of the demand for labour and the supply of labour
trade unions and their relative bargaining power
government policy, including national minimum wage (NMW)
drawing and interpretation of diagrams that illustrate the effects of: - changes in demand and supply in the labour market - national minimum wages

Takardar Darasi

Most people earn their living by selling their labour, so the labour market decides how the income of an economy is shared out. Understanding it explains why wages differ between jobs, why governments set minimum wages, and why unions exist. It also gives you a second arena in which to use demand and supply analysis, this time with the wage as the price.

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Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.

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Nazarin Darasi

Barka da kammala darasi akan Workers. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.

Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.

Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.

The demand for labour is described as a derived demand because labour is wanted for: A. its own sake B. the goods and services it produces C. the wages it pays D. the taxes it raises Answer: B
Which of the following is a non-wage factor affecting choice of occupation? A. the hourly wage B. the annual bonus C. the level of job satisfaction D. commission earned Answer: C
A national minimum wage is normally set: A. below the equilibrium wage B. above the equilibrium wage C. exactly at the equilibrium wage D. at zero Answer: B
Surgeons earn high wages mainly because: A. the supply of surgeons is low and demand is high B. the supply of surgeons is high C. the demand for surgeons is low D. surgery requires no training Answer: A
A trade union's bargaining power is likely to be greatest when: A. the economy is in recession B. the firm is highly profitable and workers are hard to replace C. union membership is very low D. jobs are scarce Answer: B