Barriers that prevent workers from entering particular labor markets
A)decrease wage rates in those markets
B)increase employment in those markets
C)decrease discrimination in those markets
D)increase profits in those markets
E)increase wage rates in those markets

Question

Quizplus · Accepted Answer

Increasing wage rates in a particular labor market can help overcome many barriers, such as the lack of qualified workers, the high cost of training, or the perception of unpleasant working conditions. Higher wages can also attract more workers to a particular industry, which can help alleviate labor shortages and increase productivity.

Barriers That Prevent Workers from Entering Particular Labor Markets