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Why Are Pay Policies Often Attached to Particular Jobs,rather Than

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Why are pay policies often attached to particular jobs,rather than tailored to individual employees?


Definitions:

Structural Unemployment

A form of unemployment caused by shifts in the economy or changes in technology that create a mismatch between the skills of the workforce and the needs of employers.

Necessary Skills

The essential abilities and expertise required for effective performance in a specific job or activity.

Longer in Demand

Products or services that experience sustained interest and need from consumers over an extended period.

Federal Reserve System

The Federal Reserve System is the central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and provision of financial services.

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