Education reform could lead to a more skilled and better trained public.A more skilled and better trained public would

Question

Quizplus · Accepted Answer

When the public becomes more skilled and better trained, they become more productive and valuable in the labor market. This increases the demand for their skills, and therefore, shifts the market demand curve for labor to the right. The market supply curve for labor may shift as well if there are more individuals entering the workforce due to increased access to education and training opportunities. However, the overall effect on the labor market is likely to be an increase in wages and employment opportunities, reflecting the higher value placed on skilled workers.

Education Reform Could Lead to a More Skilled and Better