The danger of a job reduces the supply of labor for that job, increasing wages.

Name: The danger of a job reduces the supply of labor for that job, increasing wages.
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Question

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The law of supply and demand dictates that when the supply of labor decreases, the demand for labor will increase, leading to higher wages as employers compete for the available workers. This is particularly true for jobs that are considered dangerous, as fewer people may be willing to take on the risks associated with those jobs.

The Danger of a Job Reduces the Supply of Labor