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Wages are a price as well but they are treated differently then other prices. Engage in the following

conversation; Is there a right wage? Is there a proper and appropriate wage for a particular kind of work? What should determine a worker's wage? Some studies show that women earn less than men, do some research and offer an explanation for this. Keep in mind that firms like profits and if they can hire equally productive labor for lower prices they will but that ultimately drives the wages for those people up.

Top Answer

Yes, right wage exists. It is also true that a proper wage exists for different work. Wages are determined... View the full answer

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