SS.912.FL.2.4

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Analyze the reasons why the wage or salary paid to workers in jobs is usually determined by the labor market.

Clarifications

Clarification 1: Instruction includes the variance of wages or salaries among workers in different types of jobs and among workers in the same jobs.

Clarification 2: Instruction includes the importance of worker productivity to businesses and why a business may decide to pay workers differently depending on their productivity.

General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Explore and evaluate the benefits and costs (including tax implications) of various paths toward earning income.
Date Adopted or Revised: 05/24
Status: State Board Approved

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