Examlex
In the above figure, item 1 indicates ____.
Median Earnings
The middle value of earnings in a group, where half earn more and half earn less, often used as a standard of comparison.
Labor Market
The supply and demand for labor, where employers find employees and individuals find jobs.
Compensating Differentials
Variation in wages that arises to offset the desirability or undesirability of a job or the costs and benefits of working in different locations.
Less Pleasant
A subjective assessment indicating that something is not as enjoyable or agreeable as other options or experiences.
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