Determination of Wages

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Introduction

Wages for people in different jobs vary a lot. So throughout this coursework I will try to answer the question:

'Does your wage depend entirely on your qualifications?'

To answer the question I will have to look at different jobs and how much the employees earn in those jobs. I will also need to look at whether the people who earn more than others earn more because they have better qualifications than what the others do.

Qualifications

A job may want an employee to have vocational qualifications to show that they already a little bit about the job they want. A job may also want an employee to have academic qualifications which may be of practical use in the job it may also indicate the person has the ability to learn new tasks and ideas. Academic qualifications can be achieved by studying in school to gain GCSE's or A levels. If you decide to go to university you can gain a degree in a subject and your wages may depend on it.

Jobs that require qualifications

Some jobs require qualifications and some jobs require skill. By going to school you will receive qualifications e.g. GCSE's and A levels (if you carry on with school for the sixth form). The higher grades you get in the examinations the higher chance you have of getting a position in a job, if more than one person is trying to get that position. If you want a job for example in teaching or nursing you have to do a certain amount of training before you can join that profession. In some jobs you may have to do a degree at a university for the job, you may not always need to but it may help you to get a job.
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Some companies take on university graduates rather than other people without as many qualifications. The person with fewer qualifications may well get paid less as well than the person with more because the graduate would know more about the job or the way the company knows. The employers may pay a graduate employee more even though the degree may have nothing to do with the job this is because the degree shows an employer they have the ability to learn and are very intelligent.

You can also study in a college, which you can do full time ...

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