Over time, the gap between the wages of workers with a college degree and the wages of workers without a college degree has been increasing. Shouldn't this gap have increased the incentive for workers to earn a college degree, thereby increasing the supply of college-educated workers and reducing the size of the gap? This wage gap may have not been reduced because A. the demand for college-educated workers has increased more slowly than the supply of college-educated workers. B. a college education is only a signal of desirable worker characteristics and does not change wages. C. the demand for workers without a college degree has been increasing due to globalization. D. the supply for workers without a college degree has been decreasing due to immigration. E. both a and b.
Over time, the gap between the wages of workers with a college degree and the wages of workers without a college degree has been increasing. Shouldn't this gap have increased the incentive for workers to earn a college degree, thereby increasing the supply of college-educated workers and reducing the size of the gap?
This wage gap may have not been reduced because
A. the demand for college-educated workers has increased more slowly than the supply of college-educated workers.
B. a college education is only a signal of desirable worker characteristics and does not change wages.
C. the demand for workers without a college degree has been increasing due to globalization.
D. the supply for workers without a college degree has been decreasing due to immigration.
E. both a and b.
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