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Category: Business
Word Count: 701
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ECOMOMICS OF LABOUR

Wages are set on the basis of the level of educational training required of workers in a job, the jobs complexity, and finally the demand and supply conditions in the market for labour in that occupation. This means the better education you get, how hard your job is, and the demand on the individual worker all apply to the amount that you are paid.

However, the government through many different authorities can control the wage rate or more specifically the minimum wage rate. The most importan
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