Supply and Demand for LaborA professional degree used to be a guarantee of social mobility and prestige, but the current labour market pays little for some of them.Tuesday, October 15, 2013
The labor market can be compared to the commercial market. Salaries are defined by the evolution of supply and demand. When supply is greater than demand, salaries are lowered and when demand is greater than supply, wages rise. ¿Busca soluciones de inteligencia comercial para su empresa?Minimum wage increase in PanamaJanuary 2020 The average rise is 3.3%, varying from 1% to 8% depending on economic activity, and will be in effect from January 15, 2020. A Lot of Masters Degrees, Little Work ExperienceApril 2017 In Nicaragua there is an oversupply of young professionals who have postgraduate studies, but who lack the work experience that the companies require. The State is Distorting the Labor MarketApril 2015 In Costa Rica civil servants earn on average 150% more than workers in the private sector, which contributes decisively to the growth of inequality and lowers the overall competitiveness of human resources. Bilingual Managers With Master's Degrees Needed in GuatemalaAugust 2013 Businesses are now demanding that their executives be young people who have better technical training and know a second language.
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