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"What is a "real-life" example of a  compensating wage differential, in a particular job, trade, or occupation...

"What is a "real-life" example of a  compensating wage differential, in a particular job, trade, or occupation in the United States today that you are familiar with?" Your posting should be at least two paragraphs long, and identify the specific good or service that is being produced by the type of workers you are describing.

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Answer #1

A wage difference to compensate is the extra amount of wage provided to a worker to attract him to an unwished or more risky job than others. A compensation differential may occur for many reasons such as the risky and unhealthy job condition, the skill level and training required for the job, the risky location of the job, etc.

A coal miner working under a coal mining mine is normally payed a very high wage for other coal workers, because of the high risk involved in the job. The risks involved in this work are the risk of life and the risk of hazardous working conditions.

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