EconomicsVersion en ligne Chapter 9 par Wylie York 1 Group 1 2 Group 2 3 Group 3 4 Group 4 5 Group 5 6 Group 6 7 Group 7 8 Group 8 Like prices, wages are determined by Supply and Demand The demand for labor depends on the demand for this Goods and Services The greater the demand for goods and services, the greater the demand for Labor The more education and skills a job requires The higher the wages Higher productivity results in higher wages Better capital resources help workers be More productive Sometimes workers are replaced by New technology New technology forces workers to learn New skills
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