Wage compression
id:
wage-compression-187-16711372
title:
Wage compression
text:
Wage compression refers to the empirical regularity that wages for low-skilled workers and wages for high-skilled workers tend toward one another. As a result, the prevailing wage for a low-skilled worker exceeds the market-clearing wage, resulting in unemployment for low-skilled workers. Meanwhile, the prevailing wage for high-skilled workers is below the market-clearing wage, creating a short supply of high-skilled workers. Perfectly competitive labour markets can still exhibit a wage compress
brand slug:
wiki
category slug:
encyclopedia
description:
Reduction in wage inequality
original url:
https://en.wikipedia.org/wiki/Wage_compression
date created:
2013-03-20T13:20:12Z
date modified:
2024-09-08T19:05:46Z
main entity:
{"identifier":"Q7959496","url":"https://www.wikidata.org/entity/Q7959496"}
image:
fields total:
13
integrity:
15