Sunday, February 7, 2010

Chapter 12: Wages

http://www.paniko.cl/wp-content/uploads/2009/08/billetes.jpg

Wages are determined by various factors:

  • Qualification for a job. Having better Spanish speaking than a competitor will give you more money.
  • Abilities. The more ability you have at something, the more you will get paid.
  • Unwanted jobs. If you work at unsociable hours your candidate to claim more money.
  • Knowing the market. If you are worth 10000 per month and you don't know it, the odds tell that they will trick you and save money!
  • Mobility of labour. If you can switch between places, you will end up with higher wages.
  • Fringe benefits. Some firms gift you things for your precious time and effort.
  • Non-profit or Inspiration. Some jobs are special like Nursing, people have to be willing to do it despite the money.
  • Discrimination. Sadly, in many places being from a certain race/sex gives you advantage. Nevertheless, this is now starting to get outlawed in many countries

Back to Index

0 comments:

Related Posts with Thumbnails
 

Followers

Profitabling.com