when employees are skilled and have ready access to training to improve on or add to their skills they are better able to respond to changes in the market for example a customer service representative who goes back to school to get training in the information technology it sector is able to respond to the growing demand for it technicians when vacancies arise 
state and federal regulations limit how low employers can set the base pay per hour for employees these minimums are based on changes in the cost of living and inflation 2 some employers feel higher minimum wages cut into their productivity as well as their bottom line people rely on the information provided by employers about the jobs available in the market the more informed job seekers are about open positions the easier it is for employees to respond to fluctuating conditions within a company s workforce and in the market making it much more flexible 