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Author Question: What usually happens to a salary when there is a lot of competition for a position? ... (Read 13 times)

Frost2351

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on: Jun 29, 2018
What usually happens to a salary when there is a lot of competition for a position? Why?

Question 2

Why do some positions earn higher salaries than others?


bd5255

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Reply #1 on: Jun 29, 2018
Answer to Question 1

When there is heavy competition for a position, its salary is usually lower because numerous alternative candidates are available.

Answer to Question 2

Salaries differ because employers value some positions more or less than other positions. If the skills required for a job are scarce in a labor force, employers are willing to pay a higher price.


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