Examlex
Refer to the figure. This graph most likely represents the
Compensating Differences
Wage differentials that are paid to workers to offset the undesirable aspects of a job or to compensate for risks associated with the job.
Divergence
The act or process of developing in different directions or deviating from a standard.
Compensating Differences
Wage differentials that compensate workers for undesirable job attributes, like risk of injury or undesirable hours.
Nonmonetary Characteristics
Features or aspects of a job or decision that are not related to salary or financial gain, such as workplace environment or job satisfaction.
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