An economic theory suggesting that people who invest more in their schooling,on-the-job training,and work experience are paid more is known as the:

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The economic theory that suggests people who invest more in their schooling, on-the-job training, and work experience are paid more is known as human capital. This theory emphasizes that individuals who acquire more skills and knowledge are more valuable to an organization and, therefore, receive higher compensation. Stereotyping, structural functionalism, and gender typing are not relevant to this economic theory, while comparable worth focuses on pay equality between jobs that require different skills and education levels.

An Economic Theory Suggesting That People Who Invest More in Their