Question
(4 marks) In general, different jobs pay different wages. One overarching reason is that different jobs have different characteristics, with wages serving to compensate for
(4 marks) In general, different jobs pay different wages. One overarching reason is that different jobs have different characteristics, with wages serving to compensate for those different characteristics.
Consider two virtually identical individuals, employed in the same industry and working in the same region. One of the individuals works in Occupation A, while the other works in Occupation B. Assume that the individual working in Occupation A earns a higher wage than the individual working in Occupation B.
Describe four differences between Occupations A and B that could each help explain the different wages paid to the two workers.
[Note: There are multiple correct ways to answer this question. Use your knowledge of inter-occupational wage differences to develop your answer.]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started