Economists studying labor markets have long assumed that workers who lose jobs in one industry can retrain and find work in another. Empirical studies of displaced manufacturing workers, however, suggest that reemployment in a new field typically comes with substantial wage cuts that persist for years. ______ , some labor economists now argue that public policy should prioritize preventing job loss in the first place rather than focusing primarily on retraining.
Which choice completes the text with the most logical transition?
- A
By contrast
- Bcheck_circle
On these grounds
- C
For instance
- D
Nevertheless
Explanation
The empirical finding (persistent wage cuts) is the basis for the new policy argument. "On these grounds" signals reasoning from the prior evidence. "Nevertheless" and "by contrast" oppose; "for instance" introduces an example.