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Author Question: The social contract explanation for the existence of downwardly sticky wages focuses on (Read 159 times)

dbose

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on: Apr 19, 2019

The social contract explanation for the existence of downwardly sticky wages focuses on


◦ employment contracts that stipulate workers' wages, usually for a period of one to three years.
◦ the contention that workers in one industry may be unwilling to accept a wage cut, unless they know that workers in other industries are receiving similar cuts.
◦ unspoken agreements between workers and firms that firms will not cut wages.
◦ the incentive that firms have to hold wages above the market clearing rate.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by dbose on Apr 19, 2019

daiying98

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dbose

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

okolip

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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