Higher costs of changing jobs will result in all of the following EXCEPT

Name: Higher costs of changing jobs will result in all of the following EXCEPT
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Higher costs of changing jobs will reduce workers' ability to switch between firms and reduce competition for labor. This increases monopsony power for individual firms, which means they can reduce wages without losing workers. Therefore, firms will not lose monopsony power. The other options are possible consequences of higher job change costs.

Higher Costs of Changing Jobs Will Result in All of the Following