1. When there is a high demand for employees in a particular industry or field, employers may need to offer higher salaries in order to attract and retain talented workers. This can drive up overall job salaries as companies compete for the best employees.
2. Conversely, when there is an oversupply of employees for a particular job or industry, employers may not need to offer as high of salaries in order to fill positions. This can lead to lower job salaries as companies have more bargaining power in determining compensation levels.
explain how job salaries are affected by the supply and demand for employees.(2 points)
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