Choose the factual statement concerning wages:
A)An employer's financial capabilities are irrelevant to the question of fair wages.
B)A fair wage is whatever an employee is willing to accept.
C)Extrinsic,non-job-related considerations are often relevant to setting fair wages.
D)A fair wage presupposes a fair work contract.

Question

Quizplus · Accepted Answer

A fair wage presupposes a fair work contract, meaning that there must be an agreement between employer and employee that outlines the terms of employment, including wages. This suggests that wages should be decided in relation to the job being performed, rather than being determined solely by extrinsic or non-job-related factors. Additionally, while an employer's financial capabilities may be taken into account in determining wages, it would not necessarily be the only or overriding consideration in establishing fairness. Finally, while an employee's willingness to accept a wage offer may play a role in negotiations, it does not necessarily determine what is fair.

Choose the Factual Statement Concerning Wages