Asked by Tashae Thomas on Jul 01, 2024
Certain factors that are probably important in determining wages are nevertheless difficult to measure. Consequently, labor economists find those factors difficult to incorporate into their studies of labor markets and wages. Those factors include
A) effort and natural ability.
B) natural ability and years of experience.
C) years of experience and job characteristics.
D) race and job characteristics.
Labor Economists
Specialists who study the dynamics of the labor market, including employment, wages, and labor productivity.
Natural Ability
The inherent skills or talents that an individual possesses, often influencing their ease of learning or performing tasks.
- Appreciate the impact of technological changes and globalization on the demand for skilled versus unskilled labor.
Learning Objectives
- Appreciate the impact of technological changes and globalization on the demand for skilled versus unskilled labor.