Contractor pricing, qualitative. Service providers such as plumbers and electricians often charge $60 per hour even in rural areas where a factory job that pays perhaps $20–$25 per hour would be...

Contractor pricing, qualitative. Service providers such as plumbers and electricians often charge $60 per hour even in rural areas where a factory job that pays perhaps $20–$25 per hour would be considered a “good job.” Furthermore, factory workers often have training that equals that of most plumbers and electricians.

Required:

Explain the seeming discrepancy in the prices for labor services. Please note that many plumbers and electricians operate small businesses.