One explanation for the existence of wage differentials in the long run is that
A)not every job is equally appealing to all workers
B)all labor markets are perfectly competitive
C)workers are equally able to perform every job
D)the number of workers varies by market
E)population trends influence the demand for labor

Question

Quizplus · Accepted Answer

Wage differentials exist because not every job is equally appealing to all workers. Some jobs may have more desirable working conditions, require specific skills or education, offer more opportunities for advancement, or have greater prestige or social status, which can all impact the wages offered for those jobs. As a result, workers may be willing to accept lower wages for jobs they enjoy or value more, while demanding higher wages for less appealing jobs.

One Explanation for the Existence of Wage Differentials in the Long