Compared to the labor market outcome when there are no payrolltaxes, imposing a payroll tax on labor will typically result in?

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18-08-2022
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Compared to the labor market outcome when there are no payrolltaxes, imposing a payroll tax on labor will typically result in?

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rafikiedu05 rafikiedu05 · Answer 1 · 2022-08-25T13:27:00+02:00

Compared to the labor market outcome when there are no payroll taxes, imposing a payroll tax on labor will typically result in all of these likely outcomes:

i. firms paying higher wages

ii. workers receiving a lower wage net of taxes

iii. a decrease in overall employment

A labor market is a place where people and employers come together to negotiate jobs, wages, and other forms of compensation. The number of people willing to work depends on the wage level offered by employers. The higher the wage offered, the more people enter the labor market in search of work.

The dual labor market, by definition, refers to the theory that the US economy or labor market is divided into two categories: primary and secondary industries. For years, the dual labor market revolved around discrimination, poverty, and public welfare.

Learn more about the labor market here: https://brainly.com/question/3113084

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