The significance of the tourism and hospitality industry in employment creation -- A critical analysis of labor supply and demand in the tourism and hospitality industries -- Labor skills and training in the tourism and hospitality industry -- Labor shortage in the tourism and hospitality...

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...