The observed increase in the salaries of teachers and policemen has been primarily because

Question

Quizplus · Accepted Answer

The observed increase in the salaries of teachers and policemen can be attributed to the fact that wages in the private sector for people with comparable skills have risen. In order to attract and retain qualified individuals in these professions, salaries have had to increase as well. This is due to competition in the labor market and the need to offer competitive compensation packages. It is not because of improved productivity or selfishness on the part of the workers, but rather market forces.

The Observed Increase in the Salaries of Teachers and Policemen