Which of the following will contribute to higher wage rates for labor?

Name: Which of the following will contribute to higher wage rates for labor?
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Question

Quizplus · Accepted Answer

All of the above factors contribute to higher wage rates for labor. 
Increased productivity allows firms to pay higher wages while still maintaining profitability. 
Increases in capital formation may lead to higher productivity and higher wages. 
A decrease in the supply of labor can also lead to higher wages as firms compete for a smaller pool of workers.

Which of the Following Will Contribute to Higher Wage Rates