Turn on thread page Beta
    • Thread Starter
    Offline

    8
    ReputationRep:
    ^^^^
    •  Official Rep
    Offline

    15
    ReputationRep:
     Official Rep
    Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.
    Offline

    10
    ReputationRep:
    this is when wages don't get lower than a certain point so they're sticky and because they won't get lower than certain point it's sticky downwards(when wages won't get higher than a point it's sticky upwards)
    Posted on the TSR App. Download from Apple or Google Play
    Offline

    12
    ReputationRep:
    (Original post by oal1)
    ^^^^
    hi! it is basically used to reflect the asymmetry between changes of wages in the upward (increase in wages) and the downward (decrease in wages) direction.

    Basically, when there is an increase in demand for labour, there would be a corresponding increase in the price of labour (aka. wages). However, when there is a decrease in demand for labour (eg. during a recession), it is unlikely that wages are able to decrease. This is due to factors such as labour unions, employment contracts, minimum wage etc. These factors prevent the labour market from responding to demand and supply.
    • Thread Starter
    Offline

    8
    ReputationRep:
    (Original post by scruffyjo)
    hi! it is basically used to reflect the asymmetry between changes of wages in the upward (increase in wages) and the downward (decrease in wages) direction.

    Basically, when there is an increase in demand for labour, there would be a corresponding increase in the price of labour (aka. wages). However, when there is a decrease in demand for labour (eg. during a recession), it is unlikely that wages are able to decrease. This is due to factors such as labour unions, employment contracts, minimum wage etc. These factors prevent the labour market from responding to demand and supply.
    thanks that helps a lot
 
 
 

University open days

  1. University of Bradford
    University-wide Postgraduate
    Wed, 25 Jul '18
  2. University of Buckingham
    Psychology Taster Tutorial Undergraduate
    Wed, 25 Jul '18
  3. Bournemouth University
    Clearing Campus Visit Undergraduate
    Wed, 1 Aug '18
Poll
How are you feeling in the run-up to Results Day 2018?
Help with your A-levels

All the essentials

The adventure begins mug

Student life: what to expect

What it's really like going to uni

Rosette

Essay expert

Learn to write like a pro with our ultimate essay guide.

Uni match

Uni match

Our tool will help you find the perfect course for you

Study planner

Create a study plan

Get your head around what you need to do and when with the study planner tool.

Study planner

Resources by subject

Everything from mind maps to class notes.

Hands typing

Degrees without fees

Discover more about degree-level apprenticeships.

A student doing homework

Study tips from A* students

Students who got top grades in their A-levels share their secrets

Study help links and info

Can you help? Study help unanswered threadsRules and posting guidelines

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.