When more people remain in school for full-time education and training,the supply of low-skilled labor ________ and the supply of high-skilled labor ________.

Question

Quizplus · Accepted Answer

When more people remain in school for full-time education and training, the supply of low-skilled labor decreases as these individuals are not immediately entering the workforce. On the other hand, the supply of high-skilled labor increases as more people are obtaining advanced degrees and training, making them more qualified for higher-skilled jobs.

When More People Remain in School for Full-Time Education and Training,the