Analyzing Executive Exemption from the Fair Labor Standards Act

Think of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…

pros and cons congressional legislation influence on the amount and price of labor

Who bears the motherhood wage penalty?

The maximum number of workers that a firm would hire is

Discrimination in the labour market The following table lists the name, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothing store. Name Height Minimum Wage (Centimetres) (Dollars per week) Eileen 170 $301 Amy 167 $325 Deborah 170 $349 Van 181 $362 Carlos 179 $386 Janet 168 $410 Felix 175 $423 Raphael 176 $447 Larry 168 $460 Megan 176 $484   The lowest wage that the clothing store can pay to hire five sales clerks is  $        per week.   Suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all sales clerks hired must be at least 172 centimetres in height. Under this new regulation, the wage rate the clothing store must pay to attract five sales clerks rises by $              per week.

Greg is running an economic consulting company with three employees. He is considering hiring more employees. The going salary for economic consultants with the skills the company needs is $118,000 per year. Each new employee will need a computer and other equipment that cost $3,000 per year. Each client pays the company $30,000 per year. The table shows how the number of clients depends on the number of employees. What is the company's marginal revenue from the first additional employee? ($)   Numer of employees  3- 10 4- 15 5- 19 6- 22 7- 24

Discrimination in the labour market   This is my last chance please have the right solution The following table lists the name, height, and minimum wage 10 people are willing to accept to work as personal assistants at a prestigious law firm. Name Height Minimum Wage (Centimetres) (Dollars per week) Andrew 169 $307 Kyoko 161 $322 Rina 174 $347 Jacques 178 $363 Musashi 176 $388 Yvette 167 $403 Sean 182 $429 Eric 175 $444 Bob 165 $470 Cho 175 $485   The lowest wage that the law firm can pay to hire five personal assistants is $          per week.   Suppose the head of the law firm has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all personal assistants hired must be at least 171 centimeters in height. Under this new regulation, the wage rate the law firm must pay to attract five personal assistants rises by $           per week.