Answer on Macroeconomics Question for Jimmy Vo
Any job is worth what the marketplace will bear.
2) Geographic Location
Levels of employment/unemployment do not affect all regions of the nation
3) Employment Setting
There are often unique circumstances that drive salary-related decision-making
in different settings.
4) Compensation Philosophy
Some employers are committed to a philosophy of paying their employees above
industry or area standards in order to attract and retain the very best pool of
skilled workers available.
5) Profitability of the Organization
Employees working for a highly profitable business have a greater chance of
receiving higher wages than those working for a less profitable enterprise.
6) Employment Stability
We all want the security of knowing that we will have our job as long as we
7) Gender Difference
Although great strides have been made in assuring "equal pay for equal
work," on the whole, women continue to receive lower pay than men.
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