How does getting an education or training impact ones earning potential?
Group of answer choices
Causes more debt to be repaid
Easier to replace which leads to lower wage
More knowledge means harder to replace which leads to Increase wages
Resentment from co-workers
More knowledge means harder to replace which leads to increased wages.
More knowledge means harder to replace which leads to Increase wages
The correct answer is: "More knowledge means harder to replace, which leads to increased wages."
When it comes to the impact of education or training on earning potential, one important factor is the knowledge and skills acquired. By gaining more knowledge and acquiring specific training in a particular field, individuals differentiate themselves from others in the job market. This makes them less replaceable, as they possess unique expertise that is not easily replicated. As a result, employers are often willing to compensate individuals with higher wages to retain their valuable skills and knowledge.
To verify this answer, you can gather data from reputable sources, such as economic studies, labor market research, or salary surveys. These sources can provide statistical evidence and trends that show the relationship between education/training and earning potential. For example, you can refer to reports from organizations like the U.S. Bureau of Labor Statistics or examine case studies that highlight the impact of education on income levels.