Essay is on Wage Determinants and relation to supply and demand
Topic: How are wages determined in the U.S.? What are the most significant trends in wages over the past five years? Your answer should address the following:
Key points to be addressed in the paper:
a. Determinants of the demand for labor at the firm and market levels
b. What causes the demand curve to shift
c. Consequences for the wage rate
d. The effect of minimum wage legislation on market equilibrium
e. Effect on demand and wage rate of outsourcing jobs
f. Role of unions in wage determination – direct and indirect
Requirements for the assignment
1. It should include an introductory paragraph with a thesis statement, a body, and a concluding paragraph.
2. It should be at least 1,000 words in length.
3. It should cite the openstax text and at least two academic articles. (Please see the reference list)
4. Your answers should be free of spelling and grammar errors.
5. Please follow APA format. Please format correctly –
6. Please cite your sources by using in-text citations. You must also include a reference list.