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Angletina18
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1)In October 2006, Time magazine compared how much time at work it takes to make $1000 for a number of different jobs and several high profile earners. A sampling of their findings:

  • Howard Stern, radio host: 24 seconds

  • Kobe Bryant, basketball player: 5 minutes, 30 seconds

  • Chief business executive, U.S. average: 2 hours, 55 minutes

  • High school teacher, U.S. average: 43 hours

  • Janitor, U.S. average: 103 hours

 

 

 

 

 

 

 

2)Clearly the range of earnings across various jobs in our economy is considerable. Do you believe that the degree of variation is justified? Why or why not? Progressive income taxes (the more you earn the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.

 

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Preview: ... we were more inclined to value education over entertainment, teachers would most certainly be treated better and p ...
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