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Wage Variation Across Different Workers


Explain why some young workers may earn more than some old workers.


Labor Market and Income Distribution

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I. 🍃Introduction
- Brief overview of the topic

II. Advantages of being more qualified and skilled
- Higher demand for people with good technical skills
- More productivity

III. Advantages of being up to date with the latest technology
- Higher demand for workers who can adapt to new technology
- More job opportunities

IV. Advantages of being more mobile
- More job opportunities
- Ability to change occupations and locations

V. Advantages of working longer hours/less time off for illness
- More productivity
- More job opportunities

VI. Disadvantages of being an older worker
- Discrimination from firms
- Perceived as less productive

VII. Explanation for high demand for people with high qualifications and skills
- Short supply of qualified workers
- More productivity

VIII. 👉Conclusion
- Recap of advantages and disadvantages of being more qualified, skilled, up to date with technology, mobile, and working longer hours/less time off for illness.

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