Which of the following statements about a tight labor market is true?
A) The labor markets for word processors and telemarketers have been fairly tight.
B) There is downward pressure on wages in such a market.
C) The demand by employers exceeds the available supply of workers.
D) There is reducing pressure for wage increases for sewing machine operators.

Question

Quizplus · Accepted Answer

A tight labor market is characterized by a situation where the demand for labor exceeds the available supply of workers. This can lead to upward pressure on wages, as employers compete for a limited pool of qualified workers. Option A discusses specific industries, but does not relate to the overall state of the labor market. Option B suggests that wages are decreasing, which is not typical in a tight labor market. Option D also focuses on wages, but does not provide information about the overall supply and demand conditions in the labor market.

Which of the Following Statements About a Tight Labor Market