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Consider the following scenario: (a) Worker per-period productivity without training (H): $10'000 (b) Bi-dimensional Training: Java and Accounting Law Increase in pro- ductivity due to

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Consider the following scenario: (a) Worker per-period productivity without training (H): $10'000 (b) Bi-dimensional Training: Java and Accounting Law Increase in pro- ductivity due to training ZJava = $10, 000, ZAccounting Law = $20, 000 Ignore discounting for simplicity, and consider just 2 periods (training occurs today, and the worker is trained in period 2). Suppose that at an outside firm pays workers their full productivity . If the training in Accounting Law is fully general, while the training in Java is fully firm-specific (at the current firm), what is the minimum wage that the current firm needs to pay to avoid the hold-up

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