What happens when owners do not rely on moral sentiments when there is an overab

Question

What happens when owners do not rely on moral sentiments when there is an overabundance of labor?

Wages may be driven to below subsistence levels.

There will be more jobs than workers.

Wages may be driven higher than the organization can sustain.

Owners will use their power to fight for the rights of their workers.

Wages may be driven to below subsistence levels.

There will be more jobs than workers.

Wages may be driven higher than the organization can sustain.

Owners will use their power to fight for the rights of their workers.

Explanation / Answer

Answer a.

For owner's who donot rely on moral sentiments, as the number of labor increase, they tend to keep the total labor cost constant, hence the cost per labor decreases below acceptable level.

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