$3.00 Need help with these questions
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.
Answer and explanation
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- Posted on Dec 02, 2011 at 9:00:48PM
Preview: ... we were more inclined to value education over entertainment, teachers would most certainly be treated better and p ...
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