Consider some alternative policies open to governments that want to narrow the w

Question

Consider some alternative policies open to governments that want to narrow the widening wage gap between high-paid and low-paid workers. The government could encourage greater educational attainment and job training among people in the low-skilled workforce. More education and training would effectively turn low-skilled workers into the high-skilled workers that stand to benefit from better computer technology. Suppose the government makes college education mandatory for at least two years at the junior college level. The graph below shows the market for low-skilled workers. Show the effect of the mandatory college education policy that turns low-skilled workers into high-skilled workers by shifting the appropriate curve in the graph below.

Explanation / Answer

curves will shift to the left.

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