A manufacturing firm is hiring assembly line workers for a position with a fixed wage of €15 per hour. The work requires consistent effort, and the firm is concerned about hiring workers who might be unproductive ('shirk'). They receive applications from two distinct groups. Group X consists of individuals whose next best job opportunity pays around €10-€12 per hour. Group Y consists of individuals who were recently laid off from jobs that paid €18 per hour and are seeking temporary employment. Based on the principle of using screening to reduce the risk of shirking, which group should the firm prioritize for interviews and why?
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A manufacturing firm is hiring assembly line workers for a position with a fixed wage of €15 per hour. The work requires consistent effort, and the firm is concerned about hiring workers who might be unproductive ('shirk'). They receive applications from two distinct groups. Group X consists of individuals whose next best job opportunity pays around €10-€12 per hour. Group Y consists of individuals who were recently laid off from jobs that paid €18 per hour and are seeking temporary employment. Based on the principle of using screening to reduce the risk of shirking, which group should the firm prioritize for interviews and why?
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