Sami Chraa
Wage Bargaining and Behaviour of Talented Labour in the Defence Market
One of the enduring issues of business cycle theory has been the search for a theoretical framework that would aid apprehending the behaviour of wage rates in times of undulations in employment with respect to output. There has been a focus on how real wage movements can be affected by a business cycle and studies showed that there is no systematic pattern . The demand for labour would naturally, ceteris paribus result in a rise in employment but not necessarily in the wage rates.
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