Wages will tend to be high in labor markets where supply is relatively high and demand is relatively weak.

Name: Wages will tend to be high in labor markets where supply is relatively high and demand is relatively weak.
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Wages tend to be high in labor markets where demand is high and supply is relatively weak, as employers compete for a limited pool of skilled workers. When supply is high and demand is weak, employers have more options and therefore do not need to offer high wages to attract workers.

Wages Will Tend to Be High in Labor Markets Where