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Topic: Business
Number of pages / Number of words: 3 / 730
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In order to do so they will require more labour. Hence, unemployment is likely to decrease. Conversely, as the real wage rate increases, labour becomes more expensive. Therefore, all other things equal, firms will reduce the amount of labour.

4. Reduction in Trade Union Power

This policy is based on the idea that Trade Unions (TU) work to increase workers rights and wages...


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Reduction in Trade Union Power

This policy is based on the idea that Trade Unions (TU) work to increase workers rights and wages. However, it has already been noted that increasing wages means labour becomes more expensive and therefore firms will demand less; if demand for labour falls, unemployment will rise...


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CRITICALLY EVALUATE THE EXTENT TO WHICH EFFICIENCY WAGE THEORY CAN PROVIDE AN EXPLANATION OF UNEMPLOYMENT Economic Concern: Unemployment Rate Effects Of The National Minimum Wage On Unemployment And Inflation Functions Of The Irish Labour Relations Commission And Labour Court How has the UK Labour Government kept Unemployment at a Minimum? The effect of the minimum wage has on unemployment The unemployment rate Unemployment In Australia And Policies To Reduce It Unemployment Rate Canada's Unemployment Rate Natural Rate of Unemployment The Labour Relations Commission And The Labour Court What actions might a government take in order to reduce the rate of inflation in the economy? labour and unemployment The impact of migration Australia’s Labour market

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