Compared with a similar job that requires little human capital labor market issues, a job that requires a large amount of human capital labor market issues will likely pay:

Question

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Jobs that require a large amount of human capital often require extensive education or training, and thus have a smaller pool of qualified workers to choose from. This scarcity of qualified workers leads to the employer offering a higher wage rate in order to attract and retain qualified employees.

Compared with a Similar Job That Requires Little Human Capital