Asked by
Malia Slocum
on Dec 12, 2024Verified
Assume that empirical evidence shows a difference in mean earnings between two groups, say, majority and minority workers. What conclusion may be drawn?
A) The group with the lower earnings is being discriminated against.
B) The group with the lower earnings is less productive.
C) The group with the lower earnings has less human capital.
D) Any of the above statements could, either partially or entirely, explain this difference.
Mean Earnings
The average income earned by an individual, group, or population within a specified time period, calculated by dividing the total income by the number of earners.
Human Capital
The collective skills, knowledge, and experiences of an organization's or society's workforce, considered as an asset or economic value.
- Assess the wage gaps among diverse worker cohorts and the reasons behind these gaps.
Verified Answer
MT
Learning Objectives
- Assess the wage gaps among diverse worker cohorts and the reasons behind these gaps.
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