The Slope of the Wage-Safety Locus Gives

question 11

Multiple Choice

The slope of the wage-safety locus gives:

• A) The change in the wage premium that the labour market yields for differences in the degree of risk of the job.
• B) The change in profitability that is associated with different combinations of wages and job safety.
• C) The change in the wage premium that the labour market yields for differences in the preference of the workers.
• D) The change in the wage premium that the labour market yields for differences in the salary of each worker.
• E) The change in the wage premium that the market yields for differences in the safety standards of firms.

---

Definitions:

Profit Sharing

The return of some company profit to employees in the form of a cash bonus or a retirement supplement.

Blue-collar Employees

Workers who engage in physically demanding jobs typically in industries like manufacturing, construction, and maintenance.

Performance

The act of carrying out a task or the level of efficiency and effectiveness with which it is executed.

Wage Incentive Plans

Compensation strategies designed to motivate employees by tying a portion of their pay directly to performance or productivity levels.