Respuesta :
Answer:
Worker Availability. When there is a shortage of workers who have the skills, talents, experience and education necessary to complete the tasks an employer needs done, the few workers who are available can demand higher pay.
Location.
Task Difficulty.
Efficiency.
Unions.
Legislation.
Employer Philosophy.
The factors that influence the price of labour are:
- Demand
- environment
- labour quantity
- union agreements
- Bulk production
- Work Facilities
Why do these factors influence labour price?
- These factors influence the price because of how they interlink with one another directly and indirectly
- Harsher environment can impact the flow of production
- Union agreements can affect the labour price in the market
- If labour quantity increases the work distribution is more proper and hence the labour prices get effected accordingly to the work requirements.
What is the price of labour about?
- The cost of labor is the sum of all wages paid to employees, as well as the cost of employee benefits. The cost of labor is broken into direct and indirect (overhead) costs.
- labour price is directly proportional to the work load or efforts of the labour.
For further information on Labour:
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