ECO QFD P363 383

ECO QFD P363 383

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Please answer the following questions.
1.Who is hurt and who is helped by an increase in the legal minimum wage? Under what circumstances might a higher minimum not reduce employment?
2.In 2007 the president of the University of Southern California was paid $900,000 and the football coach was paid $4 million. Does this make any sense?
3. Why did not President Obama set pay limits on baseball players who play in public funded stadiums? Why did he single out bank executives?
4. Collective bargaining sessions often start with unreasonable demands and categorical rejections. Why do unions and employers tend to begin bargaining from extreme positions?
5. Does a strike for a raise of 5 cents an hour make any sense? what kinds of long-term benefits might a union gain from such a strike?

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