Question

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Answer 1

Occupations that require specialized skills, education, or training that are in high demand tend to pay higher wages, while occupations that require less specialized skills and have a larger pool of workers available tend to pay lower wages.

Step-by-step explanation:

In the job market, wages tend to be determined by factors such as supply and demand, skills, education, and training. Occupations that require specialized skills, education, or training that are in high demand and are in short supply tend to pay higher wages. On the other hand, occupations that require less specialized skills and have a larger pool of workers available tend to pay lower wages.

For example, a surgeon requires many years of education and training, and their skills are in high demand. As a result, they typically earn high wages. In contrast, a janitor may require minimal education or training and there is a larger supply of people available for these jobs. Therefore, janitors may earn lower wages.

Answer 2

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Two occupations that pay entirely different wage are a lawyer and a housekeeper. One of the major reasons that there is a difference in the pay, is the requirements to obtain the job are vastly different. A lawyer requires years of school, passing standardized tests and more just to be qualified to apply for the position. A housekeeper can gain experience while working on the job without certifications.