Following and studying changes in the _____ can help employers prepare for changes in the demands of the labor market.
A) Living-Wage Index
B) Consumer Price Index
C) Gross National Product
D) Exchange Rate Index
E) interest rate

Question

Quizplus · Accepted Answer

In a two-tier wage system, existing employees continue on at their current (upper-tier) pay rate while new employees sign on for less pay (the lower tier). One might expect reaction among employees in the lower tier that the pay structure is unfair. But a study found that these employees were more satisfied than the top-tier employees. They were not comparing their pay with that of the upper-tier employees but with the other alternatives they saw for themselves: lower-paying jobs or unemployment.

Following and Studying Changes in the _____ Can Help Employers