As discussed in class: There are three major labor market problems that can have a negative impact and likely hinder a worker’s ability to earn an income that is above the poverty threshold. Which of the following is NOT one of those three labor market problems?
Question 17 options:
low earnings; in that, the worker may only earn minimum wage or less (a waitress who only earns tips and not a base wage)
involuntary part-time employment; in that, the worker may work for a day care center that had to reduce the number of employees needed and the hours they work due to the Pandemic.
periods of unemployment; in that, the worker may work in a service industry that is very vulnerable to economic downturns.
Ivy league education; in that, having an ivy league education (Yale, Harvard, Princeton) causes problems in the labor market because businesses do not want to hire graduates from those schools.
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