Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 19, Problem 1PA
Subpart (a):
To determine
Increasing value of skills and earnings.
Subpart (b):
To determine
Increasing value of skills and earnings.
Subpart (c):
To determine
Increasing value of skills and earnings.
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Students have asked these similar questions
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…
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job? a.The job involves working in pleasant surroundings. b.The job is widely viewed as prestigious. c.The job requires substantial amounts of stressful out-of-town travel. d.The employer provides low cost child-care services on the premises.
There are many reasons why women earn less than men. One is attributed to the education and work environment women seek. Women often look for jobs that have normal hours, good working conditions, and safety.
True or
False?
Chapter 19 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
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