What kind of situation will drive wages


Question: The Toccara Jones Company (TJC) is in the automotive industry and needs to hire engineers. In deciding on the pay for these engineers the company is more focused on the cost of making cars compared to other car companies as opposed to the pay that engineers are earning at non-automotive firms. This kind of situation will drive wages: a. Upward b. Downward c. It will have a neutral effect on wages

 

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