Question: In equilibrium, we know that workers must be compensated for jobs that require higher levels of investment in human capital, like physicians. If not, people

In equilibrium, we know that workers must be compensated for jobs that require higher levels of investment in human capital, like physicians. If not, people would exit these professions into those that require fewer investments. Likewise, if we increase the progressivity of the tax system, we should expect a compensating wage increase.

Provide evidence that this happened in Canada in 1967.

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