Business, 29.07.2019 19:30 natem725

Why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers

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Answer from: Ron1213

Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers.

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!

Answer from: goob92

Skilled and professional workers are generally paid higher than the semi skilled or unskilled workers. This is because of the fact that Skilled and Professional Workers don't need any training to do the job. They have already educated in the field of their expertise that they don't require training. So because of this fact, they are paid higher than the semi skilled or unskilled worker, because semi skilled and unskilled workers require job training.

Training is the department in all organization where huge amounts are spent. So if already skilled professionals are hired, the cost of training for the company would decrease and they can hire the skilled workers at a high wage rate.

Also it is the game of demand and supply. There are usually less Skilled and professional workers. So the supply is less, demand is high. So their wage rate increases.

Answer from: Quest

i believe the correct answer is cost benefit analysis (cba). plz check first good

explanation:

Answer from: Quest

Typically, los inflation is a sign of a healthy economy because it results from a steady rise in demand.

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