Published On Sep 5, 2020
Wages are set by firms to ensure workers receive an economic rent, so that they provide sufficient effort on the job. Learn more about wage-setting and the cost of job loss in the free ebooks The Economy, Unit 6.6: https://tinyco.re/TE-6-6 and ESPP, Unit 6.8: https://tinyco.re/ESPP-6-8.
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