1. Job A pays $30,000 a year. Job B is completely identical in all aspects excep
ID: 1181687 • Letter: 1
Question
1. Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would need to pay _____________________. This is known as a __________________________________.
2. Explain the difference between the human capital and signaling theories of education.
3. Briefly describe each of the 4 main pieces of labor legislation.
Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would need to pay ___. This is known as a . Explain the difference between the human capital and signaling theories of education. Briefly describe each of the 4 main pieces of labor legislation.Explanation / Answer
1st part---- Job B would need to pay $30,000*1.1 = $33,000
2ns part --- It is known as cost of living adjustments (COLAs), cost of living allowances and escalator clauses
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