Why is education an important factor in setting wages? O A. People with more education tend to earn higher wages.
B. High levels of education make it harder for a person to earn
wages.
C. The high cost of education tends to reduce wages.
D. Companies are less likely to hire a candidate with a high level of
education.
SUBMIT

A. People with more education tend to earn higher wages.

Explanation:

Employers require some minimum level of education when hiring workers. Lower cadre jobs may require low education levels, but higher positions demand a higher education level. Lower cadre jobs don't pay as handsomely as the higher-level jobs.

As employers always demand minimum qualifications for jobs, an individual without any educational qualification will find it difficult to get employed. Their chances of earning decreases. Educated individuals are better placed to get hired and earn more compared to others.