How are wages for a particular job determined?

How are wages for a particular job determined?

by the federal Wage and Hour Department by the amount of inflation in the economy by the equilibrium between supply and demand for workers by advertisements in the newspaper or online

Answers

by the equilibrium between supply and demand for workers

Explanation:

Wages are the amount to pay workers for a particular job when employed. Therefore, determining the wages for a particular job is mostly dependent "on the equilibrium between supply and demand for workers, " and sometimes location.

This is because the higher the number of workers available, the lesser the employers would be willing to increase the wage level of employees given the fact that they can easily find another employee. However, where there is a lesser number of employees for a particular job, the employers would be willing to increase the employees' wages to entice them.

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