Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 21 - Income Inequality, Poverty, and Discrimination - Discussion Questions: 6

Answer

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Work Step by Step

There is a much larger demand for high skilled labor, for employers prefer employees who have experience doing a certain job over employees who are new at it. As a result, the demand for older, experienced laborers exceeds the demand for younger, inexperienced laborers.
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