Question

consider a worker who faces a trade-off between wages on the vertical axis and job safety on the horizontal axis. the less averse a worker is to risk of injury on the job, the

Answer 1

Less averse workers to the risk of injury on the job may prioritize higher wages over safety, which can lead to greater stress and lower job satisfaction.

Step-by-step explanation:

When considering a worker who faces a trade-off between wages and job safety, with wages on the vertical axis and job safety on the horizontal axis, the less averse a worker is to the risk of injury on the job, the more likely they are to accept higher wages in place of job safety. This scenario is particularly relevant in discussions about labour economics and occupational health.

Workers with a lower aversion to risk may prioritize higher wages at the cost of job safety, which can have implications for job satisfaction and stress levels. A greater sense of vulnerability to stress, higher stress experienced by a worker, and a higher amount of perceived risk are associated with lower worker job satisfaction. Therefore, workers with lower risk aversion may experience lower job satisfaction if the trade-off greatly favors wages over safety.