In the United States in 2011, there were 104 fatalities per 100,000 workers in t

Question

In the United States in 2011, there were 104 fatalities per 100,000 workers in the logging industry. This is the second-highest rate after the fisheries industry. Everything else equal, would you expect workers in the logging industry to be paid higher wages than workers with similar levels of education in other industries? Explain.

A. Yes, loggers deserve higher wages due to skill-based technological changes.

B. No, those workers in the logging industry should receive lower wages due to statistical discrimination.

C. No, workers in the logging industry should be paid lower wages because they have less human capital.

D. Yes, loggers should be paid higher wages to compensate for risk.

Explanation / Answer

D. Yes, loggers should be paid higher wages to compensate for risk.

I believe there is risk of life involved in log industry which can not be avoided but compensated and extra precaution can be taken. So as it goes higher the risk higher the return so they have to be paid higher wages otherwise noone will risk their life working in log industry.

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