1. Define compensating differential and give original examples (not already included in the book or power points) of different jobs that earn higher wages and some that earn lower wages because of compensating differentials.
2. Go to the Education Pays (Links to an external site.) page on the Bureau of Labor Statistics website. Compare and contrast the different levels of education in relation to average wage and unemployment rate.
3. Explain the benefits of higher education in terms of the unemployment rate and average salary figures in the United States.
4. How does this reflect on your own decision to invest in your human capital?
5. Also, go to the BLS Occupational Outlook Handbook (Links to an external site.) and look up two careers that you may be interested in pursuing.
6. Does the information given about these careers match your expectations?
7. Is there expected growth of jobs in these careers? How might it affect your likelihood of finding a job after graduation?
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