Business, 29.07.2019 19:30 natem725

Why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers

Answers: 1

Show answers

Answers

Answer from: Ron1213

Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers.

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!

Answer from: goob92

Skilled and professional workers are generally paid higher than the semi skilled or unskilled workers. This is because of the fact that Skilled and Professional Workers don't need any training to do the job. They have already educated in the field of their expertise that they don't require training. So because of this fact, they are paid higher than the semi skilled or unskilled worker, because semi skilled and unskilled workers require job training.

Training is the department in all organization where huge amounts are spent. So if already skilled professionals are hired, the cost of training for the company would decrease and they can hire the skilled workers at a high wage rate.

Also it is the game of demand and supply. There are usually less Skilled and professional workers. So the supply is less, demand is high. So their wage rate increases.

Answer from: Quest

the answer should be demonstrations i hope this

Answer from: Quest

agriculture and oil. natural resources, industry.

Other questions on the subject: Business

Business, 22.06.2019 05:20, RichardKing2376

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Answers: 3

continue

Business, 23.06.2019 07:00, kaileyy06

Look at this section of the 1040ez form. will this individual receive a refund? yes no

Answers: 1

continue

Business, 23.06.2019 14:00, havennn

If china enforces the software procurement regulation, the most likely result is

Answers: 1

continue

Business, 23.06.2019 20:00, angelmilla

What could explain why a decrease in taxes could lead to a less-than-proportionate increase in output? a. as a result of diminishing returns to current consumption, consumers may choose to spread the extra spending over the long term rather than consuming the proceeds of a tax cut all at once. b. consumers may choose to save much of the tax cut in anticipation of having to pay higher taxes in the future. c. a decrease in taxes will necessitate lower government outlays, thus largely offsetting the higher consumption expenditures of households. d. all of the above. e. a and b only.

Answers: 3

continue

You know the right answer?

Why do skilled and professional workers generally receive higher wages than unskilled and semiskille...