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Bizhelp
Bizhelp, CPA
Category: Homework
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Experience:  Bachelors Degree and CPA with Accounting work experience
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1. In Mexico, many garment or sewing shops found they could

Resolved Question:

1. In Mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. Typically, traditional garment shops had to offer __________ to get workers to apply for the hard, repetitive, and somewhat dangerous work.

benchmark competitive wages

compensating differentials

monopoly wages

wages based on human capital development of each employee

2. The Occupational Safety and Heath Administration attempts to stop safety violations in business through inspections and fines. Though workers are supposed to earn a premium wage for working in more risky environment, why might the OSHA inspections be a good idea?

Employees might not have good information about the level of danger.

Employees may already understand the risks that they are exposed to on the job.

Inspections and fines may raise the costs of production significantly.

There are never any societal costs (externalities) to dangerous working conditions.
Submitted: 4 years ago.
Category: Homework
Expert:  Bizhelp replied 4 years ago.
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