Why Don't Wages Fall So That Everyone with the Skills

question 97

Multiple Choice

Why don't wages fall so that everyone with the skills and desire gets a job?

• A) The government might prevent it, through minimum-wage legislation.
• B) Labor unions might prevent it, through bargaining backed by the threat to strike.
• C) Firms themselves might prevent it, by voluntarily choosing to pay higher wages than necessary.
• D) All of these are reasons why wages may not fall to equilibrium.

Comprehend how authentic leadership can be developed and learned.

Identify the role of critical life events in shaping authentic leadership.

Understand the relationship between authentic leadership and positive organizational scholarship.

Grasp how authentic leadership meets the societal need for trustworthy leadership.

---

Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and over, as well as for younger individuals with certain disabilities.

Health Care Insurance

An insurance policy that covers the cost of medical and surgical treatments for the policyholder.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of earnings, and other factors.

Tax Base

The Tax Base is the total amount of assets, income, or other taxable items upon which a government levies taxes.