Explain and discuss why the characteristics of the labor markets should result in the same wage rate for all jobs requiring the same level of abilities and skills? Why are earnings on the labor market are not always proportional to abilities?
Demand for good workers = high pay
demand for low workers = low pay
Not proportion to abilities due to unions, minimum wage.© BrainMass Inc. brainmass.com March 4, 2021, 6:27 pm ad1c9bdddf
Pay differences are scrutinized.