Which of the following could explain why wages for certain trades such as welding and plumbing have increased over the last 10 years?(1 point) Responses The age of our population leads to a relatively high quantity of labor supplied at any given wage. The age of our population leads to a relatively high quantity of labor supplied at any given wage. The training and certifications required for these professions lead to a relatively high quantity of labor supplied at any given wage. The training and certifications required for these professions lead to a relatively high quantity of labor supplied at any given wage. The movement toward college prep programs in high school and away from skilled labor have lead to a shortage of skilled laborers in these professions, driving wages higher. The movement toward college prep programs in high school and away from skilled labor have lead to a shortage of skilled laborers in these professions, driving wages higher. Unskilled labor is cheaper to hire than skilled labor leading to higher wages for professionals such as doctors and lawyers.
The movement toward college prep programs in high school and away from skilled labor have lead to a shortage of skilled laborers in these professions, driving wages higher.
