The emergence of specialized qualifications and certifications for project managers and software engineers is an example of which phenomenon?

Question

Quizplus · Accepted Answer

Weber's closure theory posits that the emergence of specialized qualifications and certifications restricts entry into certain occupations, limiting the supply of labour and increasing the bargaining power of those who possess the qualifications/certifications. This leads to higher wages and better working conditions for those individuals.

The Emergence of Specialized Qualifications and Certifications for Project Managers