An increase in which of the following practices would help to minimize wage inequality in labor...

An increase in which of the following practices would help to minimize wage inequality in labor markets?

A. discrimination

B. compensating differentials

C. efficiency wages

D. educational opportunities for the poor

E. the wages paid to workers that produce a higher value of marginal product

Solutions

Expert Solution

Option D

D. educational opportunities for the poor

Education opportunities decreases the inequalities in the labor market as the skilled and unskilled labor wage gap decreases. The skilled workers are few in developing countries than in developed countries relative to the unskilled labors so that the wage gap between skilled and unskilled labor is higher in developing countries than in the developed countries.

Rahul Sunny answered 1 year ago

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