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?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter12: The American Labor Force
Section: Chapter Questions
Problem 1AA
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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.

  1. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role?
  2. Why did you think it was unfair?
  3. 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?
  4. 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 provide a valuable service in trying to nurture healthy and contributing next generations citizens? 

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