Changes in minimum wage, Consider contemporary practices

Changes in minimum wage

Reference no: EM1359665

Question: Explain why changes in minimum wage can affect higher-paid employees as well.

Question: Consider contemporary practices such as skill-competency-based plans, broad banding, market pricing, and pay-for-performance plans. Discuss how they may affect the pay discrimination debate.

Question: In recent years the newspapers have been full of stories about the excessive pay to CEOs. Assume you are a CEO trained in economics. What arguments might you give in support of your compensation? Would LeBron James (number-one draft pick in the NBA for 2003) agree with these arguments?

Question: A board of directors meets perhaps 12 times a year for a day (usually). How can we possibly justify to stockholders paying this group tens of thousands of dollars for this brief time period?

Reference no: EM1359665

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