Asked by

Scottie Lawrence
on Dec 12, 2024

verifed

Verified

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.
verifed

Verified Answer

RP
Riddhima PatelDec 17, 2024
Final Answer:
Get Full Answer