How do employment levels impact wage levels

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Hello, I am seeking your guidance and expertise in understanding the intricacies of HR compensation.. Your insight would be invaluable in helping me navigate the complexities of this subject matter. Thank you for your support and knowledge, as I am eager to learn and become more informed.

Question:

The U.S. economy started shedding manufacturing jobs and gained services sector jobs in the 1990s, a trend that has largely continued. Why has this been so prevalent and how has it impacted wages and employment levels? Finally, how do employment levels (unemployment rates) impact wage levels?

Reference no: EM133623594

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