In 1992, a major newspaper circulated throughout North America paid its reporters an average salary that was much lower than the average salary paid by its principal competitors to their reporters. ██ █████████ ██ ███ █████████ ██████ ████ ████ ████████ ███ ██████████ █████ ███ █████████ ████ █████ █████ ██ ███ ██████████ ████████ ██ █████ ███████████ ██ ███ ████████ ████████ ████ ███████ ███████ █████ ████████████
The newspaper executive concludes that the newspaper is justified in paying its reporters a far-below-average salary. Why? Because the lower pay is compensated by the training the reporters get on the job.
The executive assumes that the training reporters receive while working for the newspaper in question is substantially higher in quality than the training they would receive at a higher-paying competitor. Otherwise, the training couldn’t justify the low salary.
The executive also assumes that the newspaper’s reporters are generally inexperienced enough to benefit from additional training, or that their pay increases after they gain experience.
Which one of the following, ██ ████ █████ ███ █████████ ██ █████ ████ █████████ ██████████ ███ █████████████ ███████ ██ ███ ██████████
Senior reporters at ███ █████████ ██████ ██ ████ ██ █████████ ██ ███████ ███████ ███ ██████ ███ ███ ███████████ █████████ ████████████
Most of the ███████████ █████████ ███ ██████ █████ ███ ████ ████ ███ ██████
The circulation of ███ █████████ ███ ████████ ███████ █ ████████ █████ ██ ███ █████████ ████████ ██████████ ███ ██████
The union that ███████████ █████████ ██ ███ █████████ ███ █████████ ████ ███ █████ ████ ███████████ █████████ ██ ███ ███████████ ████████████
The newspaper was ██████ ████ ██████████ ███████████ ██████ ███ █████ ███████ ██ ████ ██ █████ ████████