What is one potential consequence of labor market segmentation that can lead to wage disparity among different groups of workers?

Labor market segmentation occurs when the job market is divided into different sections or segments, often leading to unequal treatment of workers in those segments. One potential consequence of this segmentation is wage disparity, where some groups of workers earn significantly more than others, even if they have similar skills or experience. For example, if highly skilled workers are concentrated in one segment of the market, such as tech jobs, while less skilled workers are stuck in lower-paying service jobs, this can create a wide gap in wages. This disparity can be further widened by factors like discrimination or lack of access to education and training for certain groups. Overall, labor market segmentation can reinforce existing inequalities and make it difficult for disadvantaged workers to improve their financial situation.