Title

WAGES IN THE UNITED ARAB EMIRATES

Abstract

Wage and salaries are the main part of labor costs for employers and main source of income for the employed. They are crucial information in business decision making and policy making. In an increasingly globalized world economy where capital, know-how, and talents are more mobile than ever before, wages and salaries are not immune to the impact of globalization and international competition. Workers compete not only with their fellow workers on domestic labor markets for better jobs and better pay, but also compete with foreign workers in foreign countries or with migrant workers who have come to the host countries for work. International competition has the tendency of driving down the gap of labor costs along certain dimensions but exacerbates the gap along other dimensions. As a result, wages reflect not only the supply and demand on domestic markets but on international markets as well, especially for countries with an open labor market.

Document Type

Article

Publisher

Zayed University

Publication Date

2010

Author First name, Last name, Institution

Qingxia Tong

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