Asked by
Scottie Lawrence
on Dec 12, 2024Verified
Which one of the following is most likely to reduce the mobility of labor between jobs?
A) an increase in the minimum wage
B) legislation relaxing licensing requirements for entry into many occupations
C) the taxation of unemployment compensation in the same manner as income from other sources
D) both b and c above
Labor Mobility
The ability of workers to move between jobs, regions, or industries to pursue employment opportunities.
Minimum Wage
The minimum wage is the lowest legal hourly pay that employers are allowed to compensate workers, aiming to protect employees from unduly low earnings.
Legislation
A set of laws and regulations enacted by governmental bodies.
- Analyze the effects of occupational licensing and institutional barriers on employment and wages.
Verified Answer
RP
Learning Objectives
- Analyze the effects of occupational licensing and institutional barriers on employment and wages.