The existence of noncompeting groups and other occupational differences in labor markets means that

Question

Quizplus · Accepted Answer

Noncompeting groups and occupational differences lead to wage differentials, which tend to persist over time. This is because workers in different occupations have different skills, abilities, and levels of education, creating barriers to entry and making it difficult for workers to move between occupations. As a result, wage differentials reflect differences in the market value of different types of labor, and these differences are likely to persist even in the long run. Therefore, choice D is the best answer.

The Existence of Noncompeting Groups and Other Occupational Differences in Labor