Markets that require workers with similar human capital:

Question

Quizplus · Accepted Answer

Markets that require workers with similar human capital compete for the same pool of workers, who have similar educational backgrounds, skills, and abilities. As a result, these workers can interchange one type of employment for another, making these markets more connected. Since these markets compete for the same workers, they tend to have similar wages to attract and retain high-quality workers. Therefore, all three statements are correct.

Markets That Require Workers with Similar Human Capital