Scenario 18-3
In 1997, Albania experienced a civil war. The civil unrest sent thousands of refugees across the Adriatic Sea to Italy where they sought relief from the fighting.
-Refer to Scenario 18-3.When a labor market experiences a surplus of labor,there is downward pressure on

Question

Quizplus · Accepted Answer

When there is a surplus of labor, job seekers exceed job openings, which leads to high competition for available jobs. As a result, employers have the power to offer lower wages since more workers are willing to accept positions for lower compensation. Thus, surplus labor exerts downward pressure on wages.

Scenario 18-3 In 1997, Albania Experienced a Civil War. the Civil Unrest