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How Education And Training Affect The Economy

Source: Posted By: Mary P...4103 days ago

Why do workers with college degrees earn so much more than those without? How does a country's education system relate to its economic performance? Knowing how education and training interact with the economy can help you better understand why some workers, businesses and economies flourish, while others falter.

As the labor supply increases, more pressure is placed on the wage rate. If the demand for labor by employers does not keep up with the supply of labor then the wage rate will be depressed.....

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