When the supply of workers is plentiful, one would predict that market wages would be:

Question

Quizplus · Accepted Answer

When the supply of workers is plentiful, the demand for workers remains the same but there are more workers available, which leads to an increase in competition among workers for jobs. This, in turn, results in employers paying lower wages, other things being equal. Therefore, market wages would be low, other things being equal.

When the Supply of Workers Is Plentiful, One Would Predict