ECONO

MICS
PROJEC
Wage differentials : These are the difference in wages for the same
or different occupation.
T :wages
Survey on
WAGES OF DEWEY TEACHERS:250,000 frs monthly

WAGE
WAGES OF MY PARENT:

Occupation: Commercial director for multinational

DIFFERE OCCUPATION WAGES/MONTHLY(frs)
Dewey Teachers 250,000
NTIALS
Commercial director for a
multinational
1,500,000

Difference in wage 1,250,000

1,500,000 frs monthly

Graph showing dewey teachers wages and parents wages

8,000,000

7,000,000

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

0
september october
Dewey teachers november
Colonne1 december
Conclusion from findings:
I can conclude that our parents have higher wages than Dewey teachers. They
have a difference of 1,250,000 frs.

Reasons for wage differentials:

1) Skills acquired:
Your wage depends on the skills you acquired in school.
2) Different abilities and qualifications:
Some occupations are more professional than others. Professional workers
receive more wages than those working in less professional occupations
3) Risk involved:
Occupations involving more risks have higher wage rate than an occupation
involving less risks.
4) Trade unions activities:
A better coordinated trade union with a strong bargaining power will be able to
give better wage rates to her workers.
5) Importance of the occupation to the society:
Some occupations are more important to the society therefore its workers earn
higher wage rates.
6) Government policies:
The government can institute minimum wage rate some occupations to
encourage more people to go into that particular line of occupation