If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect

Question

Quizplus · Accepted Answer

If all workers receive the same pay, there would be less incentive to invest in human capital, leading to less human capital investment. Additionally, undesirable jobs would be harder to fill, causing a shortage, while desirable jobs would attract more workers, leading to a surplus.

If Congress Suddenly Passes Legislation That Required All U