Why Are Some Occupations Paid More than Others?

Purpose of Assignment The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. We will look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. The Bureau of Labor Statistics (BLS) website provides public with an easy access to different statistical tools and different types of data presentation. Assignment Steps Go to the following Selected survey as a team, from the BLS Current Employment Statistics survey (National): Goods-producing Employment – CES0600000001Retrieve and save a Microsoft® Excel® file and the graphs to your desktop for analysis. You will have to check then “include graph” box along the top of the page to see the graph, and you will need to copy and paste the graph separately into your Microsoft® Excel® document. Consider the following two articles, located in the Week 4 Electronic Reserve Readings, discussing actor salaries and hedge fund executives’ average salaries:”Robert Downey Junior is Hollywood’s Highest-Paid Actor””In Tough Year, Hedge Fund Leaders Still Paid Well: Average Salary of $467M Was Half 2013, Report Says” Campus Classes: Prepare a minimum 4- maximum 6 slides (DON’T count the title and reference page) Microsoft® PowerPoint® presentation based on your analysis to share in class. Include the following content in the presentation:In addition to wages, what other factors influence an individual to choose one job over another? (2-3 slides) What jobs do you think have the best mix of salary and other characteristics that individuals care about?(2-3 slides) Cite a minimum of three peer-reviewed sources, not including the textbook and required economic data. NOTE: Make sure the slides have speaker notes (all of them with detailed speaker notes and use in-text citations in the speaker notes only, not the actual slides). The slides need to look professional, and not too crowded. (slides have to have bullet point content with short sentences, not paragraphs).

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