Question

1.    Store clerks are known to have low wages. This is likely to reflect the fact that

Select one:

a. a. many people perceive the job of store clerk as having significant risk of death on the job.

b. a. store clerks are required to have a college degree.

c. a. store clerk jobs are perceived to be relatively difficult, thus attracting high-skill workers.

d. a. store clerk jobs are perceived to be relatively easy, thus attracting low-skill workers.

Answer 1

Wage rate for a particular job depends on various parameters.

Some of this parameters are as follows -

1. Level of education

2. Risk associated with the job

3. Skill level of workers related to particular job.

A job where risk associated with job is low, the skill level required is also low, and low education level are enough, such job has low wage rate.

If we analyze the job of store clerk then it can be seen that job of store clerk does not required high education or skill levels. The risk associated with job is also not much high.

Due to this, store clerks have low wages.

Hence, the correct answer is the option (d) [A store clerk jobs are perceived to be relatively easy, thus attracting low-skill workers].