The magnitude of wages affects workers' skills, his professionalism, the quality of its work.For professions which do not require special preparation, its size is not very high, but the higher elasticity of supply, as employees do not need to receive training.Accordingly, the higher the salary of those employees who previously held a long preparation, accompanied by high costs.
Employees receive income consisting of two components.The first - a wage restraint (for neperehoda).A second component of them - is economic rent.It interprets it in the most general sense, as the income derived from the factor that distinguishes inelastic supply of labor.Part of the economic rent is contained even in the case of elastic demand, except in those cases where it is infinitely elastic.It is found a few cases of the relationship between her and wages.Getting employees of economic rents and its volume depends on how elastic labor supply.There is a minimum level of payments, which a person agrees to receive for their services.If wages fall even lower, employee, or go into another industry, or refuse the offer of work in general.When market conditions are in equilibrium, each worker gets paid a little higher than the minimum level.There are also staff members whose salaries are at the limit level is so minimal that they can take.The variable value of the labor used determines the size of the salary.
All previous explanations are led to a more precise definition of economic rent.It corresponds better economic relations prevailing at the present stage.So, the economic rent - a payment that exceeds the costs of the possible use of a resource.In practice, this looks like a payment that exceeds retaining worker wages.
other words, financial rents - those excess resource owners, owners who receive the labor factor.
mobile labor market is presented to employees who have no qualifications, and easily change jobs (the floors are washed, then the car is unloaded, the newspaper spread).All their income - it is the wage restraint.In this case, the rent is not constant.
Another unique case - a perfectly inelastic labor supply.We are talking about a non-standard resource.In this case, the costs of its possible use zero.Economic rent, of course, will be paid, but the size of it is totally dependent on the demand for specific services worker.The demand curve significantly affect its value and may even fall to zero during periods of falling interest in a particular activity.
differences in pay are formed objectively, as people with different professions, can not migrate from one resource to another seamlessly.To get a better idea of the income received by employees, it is necessary to turn to the issue of human capital.This is the extent to which people can generate income.It is a collection of acquired and innate human qualities, and the border between them is quite blurred.For example, the ability, talent, health, physical strength may be either congenital or acquired as a result of the individual lessons, learning.The cost of acquiring the necessary human qualities take on both the state and the employers and the employee.A form capable of human capital throughout the life of a particular individual.
