the abundance of labour in the market affect the lives of the workers. explain
Answers
Explanation:
the abundance of labour in the market affect the lives of the workers in many ways....
1. most of the workers had to wait for weeks or more to get a job. they had to spend nights under bridges or in night shelters.
2. wages had increased somewhat in the early nineteenth century. when prices rose sharply during the prolonged napoleonic war , the real value of what the workers earned fell significantly , since the same wages could now buy fewer things.
Answer:
1. The abundance of labour in the market affected the lives of workers adversely. When there is plenty of labour wages are low.
2. The actual possibility of getting a job depended on existing networks for friendship and kin relations.
3. Many job seekers had to wait weeks, spending nights under bridges or in night shelters.
4. Seasonality for work in many industries means prolonged periods without works.
5. Although, wages increased somewhat in the early nineteenth century but they tell us little about the welfare of the workers.