Question
Assume that the same kind of training and skills are needed to be a Financial Analyst and a Software Developer. Based on the median wages
Assume that the same kind of training and skills are needed to be a Financial Analyst and a Software Developer. Based on the median wages and projected growth in these occupations, what would the Roy model example suggest about the ability of the marginal individuals working in each occupation in the coming years? Explain.
median wages and projected growth info:
Software Developers - annual wage is $52.95 hourly, $110,140 annual, projected growth is much faster than average (15% or higher).
Financial Analysts - annual wage is $40.22 hourly, $83,660 annual, and projected growth is average (5% to 10%).
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