Since measurable factors such as years of experience and years of education do not explain a large portion of the variation in wages,ability,effort,and chance must play a significant role in determining wages.

Question

Quizplus · Accepted Answer

This statement suggests that other factors beyond years of experience and education must be influencing wages, indicating that ability, effort, and chance are likely contributors to wage determination.

Since Measurable Factors Such as Years of Experience and Years