Question

You are a worker at a local McDonald Restaurant! How many hours you are willing to work at a local McDonald’s at various wage rates? Provide the answer with reasoning!

Discuss why computer science professors earn more than English professors, and what comparable worth would mean to each professor’s salary.

Answer 1

first part:

Shifts are typically 4 – 9 hours long and weekly hours vary from 4-45 hours depending upon the availability of the employee at the local McDonald Restaurant staff.
The average McDonald's crew member salary is around $9 an hour, varying between $7 and $13. It is compared with the typical $8.33 an hour national fast-food member wage. At the other hand, the McDonald's cashiers take an average of $8 an hour, varying from $7 to $15. And $141000 a year in senior lebel overseeing compensation while McDonald's chef's lowest paid job is $14,000 a year.

If all employees would be equal, all jobs would be similar and all knowledge fine, no wage differentials would occur-all employees would be paying the same salary. This depends upon whether even any detail is good when an employee works in the same industry and venue.

We know that the gap in the salaries between people with similar qualifications but different localities or industries is a wage differential. It can also distinguish salaries among employees with different skills in the same industry. It is generally referred to when thinking about the danger of a certain work. Geographical pay differentials also occur where people on the same job will pay different amounts on the basis of exactly where they live and the attractiveness of the region.

Second part:

Each workplace is a small economy of its own and in order to fully understand it in theory we need a broad economic understanding. But, if we know clearly that every position is distinct and special in itself, at least we can hit the most obvious and easily understandable points.

A professor of computer engineering is not the same as a professor of English literature. We are both teachers, but the factors involved are somewhat different on the market.

Let's presume they start at the same rate, though, and you can employ both at $40,000 a year and keep them the same salary.

So let's say IBM wants to take over a next generation computer science laboratory-are they going to want a professional computer engineer or English literature expert? I think it's very clear that one sort of professor can be preferred as well.

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