Quotulatiousness

June 27, 2016

Compensating Differentials

Filed under: Economics — Tags: , , , — Nicholas @ 04:00

Published on 7 Apr 2015

Firms have an incentive to increase job safety, because then they can lower wages. In this video, we explore this surprising claim in much greater depth. Bear in mind that wages adjust until jobs requiring a similar level of skill have similar compensation practices. Why do riskier jobs often pay more? Why has job safety increased over the years? How does a firm’s profit motive play a role?

Related posts:

  1. Canadian public sector workers earn between 9% and 12% more than private sector workers
  2. All those manufacturing jobs are never coming back
  3. The Tradeoff Between Fun and Wages: No Such Thing as a Free Lunch
  4. QotD: The twin rise and fall of unions and manufacturing
  5. Monty sneers at your so-called “service industry” economy

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