Question
A state agency has recently removed the certification and training requirements for hairdressers in the state. What is likely to happen in the labor market for hairdressers?(1 point)
Responses
The wages paid to hairdressers will rise.
The wages paid to hairdressers will rise.
The demand for hairdressers will fall.
The demand for hairdressers will fall.
The demand for hairdressers will rise.
The demand for hairdressers will rise.
The wages paid to hairdressers will fall.
Responses
The wages paid to hairdressers will rise.
The wages paid to hairdressers will rise.
The demand for hairdressers will fall.
The demand for hairdressers will fall.
The demand for hairdressers will rise.
The demand for hairdressers will rise.
The wages paid to hairdressers will fall.
Answers
GPT-4o mini
When a state agency removes the certification and training requirements for hairdressers, it is likely to lead to an increase in the supply of individuals who can work in that profession. More people may enter the labor market as hairdressers since the barriers to entry have been lowered.
As a result, assuming the demand for hairdressers remains relatively stable, an increase in supply without a corresponding increase in demand typically leads to a decrease in wages.
Therefore, the most likely outcome is:
**The wages paid to hairdressers will fall.**
As a result, assuming the demand for hairdressers remains relatively stable, an increase in supply without a corresponding increase in demand typically leads to a decrease in wages.
Therefore, the most likely outcome is:
**The wages paid to hairdressers will fall.**