Ask Question
BusinessBusiness
2 May, 19:06

What impact will a spike in wages cause to the

labor demand curve?

+5
Answers (1)
  1. 2 May, 19:31
    0
    When the wages of the laborers increase the cost to the company increases so the company tries reduce the in take of the labors. When the intake is reduced the demand for the labor falls down. When there is a low demand then the demand curve will shift to left in the graph.

    When the wages are low then the firms would intake many employees as labor is cheap in the market. This would increase the demand for labor and the demand curve would shift to right.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What impact will a spike in wages cause to the labor demand curve? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2015, you come across several items needing further consideration. Currently, net income is $94,000 a.
Answers (1)
Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services. True or false?
Answers (1)
When 20,000 units are produced, fixed costs are $16 per unit. Therefore, when 40,000 units are produced fixed costs will: A) increase to $32 per unit b. remain at $16 per unit c. decrease to $8 per unit d. total $640,000
Answers (1)
When society requires that firms reduce pollution, there is a. a tradeoff because of reduced incomes to the firms' owners and workers. b. a tradeoff only if some firms are forced to close. c.
Answers (1)
Michael is the project manager in a manufacturing company. He wants his organization to use technology for higher revenue and productivity. What should Michael's company do? Michael's company should invest in .
Answers (1)
New Questions in Business
A nuclear power plant had a massive spill. Before cleanup begins, it must first be inspected by professionals who can determine dangers posed by the spill. The professionals who are best equipped for inspecting the facility would have careers in
Answers (1)
The primary objective of Porter's five forces model is to understand the profit potential of industries. break down a firm's value chain activities into primary and support. understand valuable, rare, and hard-to-imitate resources.
Answers (1)
What are the two most popular ways people make networking contacts?
Answers (2)
Page (s) 47-49 2.4. What is the trade-off between having more now and having more later? Fill in the blanks to complete the passage about trade-offs. It is characteristic of - goods that they are not used up in the short run.
Answers (1)
Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme.
Answers (1)
Home » Business » What impact will a spike in wages cause to the labor demand curve?
Sign Up Forgot Password?