Circumstances under which workers may demand for higher wages
- Rising cost of living. Workers agitate for higher wages so as to cope with rising cost of living.
- In case of failure to pay the minimum wage. When the employer refuses to pay wages set by government, workers agitate for that wage set to avoid exploitation.
- When there is failure to implement the earlier wage increment agreed upon by the employer, the workers agitate for higher wage again.
- When there a low labour supply. When the demand for service or demand for worker exceeds the existing supply of workers, they demand for higher wages
- When there is an increase in wages to workers of similar jobs in other firms.
- When the job is risky such as mining, workers demand for higher wages.
- In case of increased workload without wage adjustments, workers ask for higher wages
- Then there is When workers are feel exploited, they will agitate for higher wages.
- Increased profitability. When the profit margin of the firm rises, all workers call for an increase in wages so as to benefit.
- In case of improved productivity. Workers demand for higher wages when their output level (output per unit of labour employed) has increased.
- In case of an increase in demand of for products; the worker demand for higher wages
CATEGORIES Economics
TAGS Dr. Bbosa Science
