Question: 4. It has been argued that the minimum wage prevents workers from investing in on-the-job training and discourages employers from providing training to low-income workers.

 4. It has been argued that the minimum wage prevents workers
from investing in on-the-job training and discourages employers from providing training to

4. It has been argued that the minimum wage prevents workers from investing in on-the-job training and discourages employers from providing training to low-income workers. Why would the minimum wage have an adverse impact on human capital accumulation for low-income workers? Explain in words

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!