The wage premiums required leaving workers indifferent about working in dangerous conditions instead of a lower paying,but better condition job is referred to as:

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The wage premiums required to compensate workers for working in dangerous conditions instead of a lower paying, but safer job is called "compensating differentials." Compensating differentials are a way to balance the trade-off between risk and reward for workers who face the choice of working in a hazardous environment or taking a lower-paying, but safer job.

The Wage Premiums Required Leaving Workers Indifferent About Working in Dangerous