how-might-an-increase-in-the-average-education-level-of-a-workforce-affect-the-o

Question

How might an increase in the average education level of a workforce affect the overall wage levels in an economy?

Accepted Answer

It could lead to higher overall wage levels due to increased productivity and human capital.

Answer

It would have no effect on wage levels.

Answer

It would only affect wages in the education sector.

Answer

It would decrease wage levels as more people compete for the same jobs.