Question

What is the effect of labour market on employment generation and fixation of wages and salaries?​

Answer 1

Answer:

The law of demand applies in labor markets this way: A higher salary or wage—that is, a higher price in the labor market—leads to a decrease in the quantity of labor demanded by employers, while a lower salary or wage leads to an increase in the quantity of labor demanded

Explanation:

hope it helps you

pls mark meas the brainliest

Answer 2

The labor market is very important in terms of affecting employment generation and fixing the wages and salaries of workers.

Explanation:

1. The labor market plays a very active role in ensuring the creation of employment opportunities and fixing adequate wages and salaries.
2. The labor market supports all the workers and ensures that they are not harassed or underpaid by the strong people.
3. The labor market also allows small-level workers to raise their issues and voice against any unethical practices by their employers. It also creates awareness among the workers for their rights and opportunities.