Word and Pay

Read ALL of the materials listed in the Learn section, listen to the NPR audio and look at the websites and articles. For your first post and BASED on your readings, describe how our system of pay seems to work. What factors seem to be at work in determining whether someone makes a lot of money or a little/less? What do YOU think about all this? Make reference to SPECIFIC information/numbers, etc. from the assigned readings, including articles you find on NYT website.   https://www.npr.org/templates/search/index.php?searchinput=minimum+wagehttps://www.nytimes.com/topic/subject/executive-pay?8qahttps://www.nytimes.com/interactive/2017/05/26/business/highest-paid-ceos.htmlhttp://ctbythenumbers.info/2014/01/15/ct-ranked-23rd-nation-pay-equity-women-earn-78-cents-mens-dollar/https://www.bls.gov/oes/current/oes_CT.htm#00-0000http://www.nytimes.com/interactive/2014/02/09/opinion/minimum-wage.html?smid=pl-sharehttps://www.epi.org/publication/black-white-wage-gaps-expand-with-rising-wage-inequality/
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Alyssa Stewart
MGT-403-01 Spring18 CC…
Discussion 5 – Pay
Reminder: you have 1# course
evaluations to complete. Please submit all
course evaluations before the end of the
term. Thank you.
Work and Pay – Introduction
We have spent the last couple of
sessions looking at the work in a
general sense. There are many
aspects to work but pay is a
key issue. Why is this? In this
session we address the primary
role that pay plays in the
“Truth/truths” about work.
First of all, let’s examine some
basic assumptions that underlie
how pay is organized in our
society. We can start with a very
simple equation:
Work = Pay/money = Survival
(or better)
What does this mean? I argue
that our truth about pay is built on
the assumption that in order to
survive (or, a couple of steps up
from that, in order to “make a
living”) we need to have money,
which comes in the form of pay,
which in turn, is earned through
work. This may seem very
simplistic (remember, that is the
nature of assumptions: they are
so obvious we don’t usually even
bother to state them). We
experience this equation in many
ways. We talk about “earning a
living” or we say someone “pays
their own way” and this is taken
as the sign of maturity and
fulfilling our obligations. When
we talk about people
“understanding the meaning of a
dollar” we reflect the feeling that
money is the result of work. The
idea is that if you are going to
have money in your pocket you
need to earn it through work.
There’s another assumption going
on here too. This is that survival
is based on having money to buy
goods and services. We assume
that what we need to survive
needs to be paid for with money.
This is, many would argue, an
increasingly strong assumption.
A case in point is health care.
People who never used to have
to budget for health care are now
finding it a major part of their
expenses (if they even have the
option of purchasing it).
Are these assumptions Truths?
Or “truths”? Is this the way
things” have to” be or just how
we’ve chosen to organize them?
How do we know? Well, one
indication is the fact that there
many instances where this
equation does not hold true. First
of all, how many ways can you
think of that people receive
money without doing work? The
list is long. One important one is
profits (money that is earned from
capital, not from work). Capital
can generate huge amounts of
money for its holders without
they’re having to do any work.
What are some other ways? How
about theft, gifts,
gambling….Being old is one way:
we pay people Social Security
based simply on having reached
a certain age.
Second, how many ways can you
think of that we survive without
money? Being young is one. As
a society we don’t hold children
responsible for paying their own
way. Most children don’t even
carry money until they reach
adolescence. Prisoners (or
soldiers) are in a similar situation:
they are provided with all the
necessities of life without having
to purchase them. But even
adults don’t always have to pay
their way. Subsistence farmers?
And what about all the ways that
many of us who do depend
heavily on money also rely on
goods and services that we don’t
purchase? For example, I used
to trade babysitting all the time
with my neighbor. She cleaned
houses in exchange for house
repairs…
These are just some examples
from the current period and our
place. If we go back in history or
across cultures we find myriad
more examples of ways that the
equation doesn’t hold.
So if the equation isn’t constant it
can’t be an absolute (in a Platonic
way) and it isn’t a Truth. It is
contingent. It is a choice (if not
always an individual one).
So, pay is a very important part of
our lives and our work and it is
also – I propose – an area in which
our choices are reflected and
other possibilities can exist.
You should read the following
articles (all in Learn, below)
BEFORE writing your Discussion
posts.
1) A Business Week article that
describes national trends in the
pay situation of low wage workers
(“Working & Poor”).
2) A NYT in article which
discusses role of college degrees
in recent job market.
3) A link to a National Public
Radio story on changes in the
minimum wage
4) A link to the NYT webpage
(constantly updated) on pay for
executives.
5) A link to an interactive NYT list
of CEO salaries.
6) A report on women’s pay
(relative to men) in CT.
7) U.S. Bureau of Labor Statistics
report on average salaries in
CT for 718 jobs.
Reading: Business Week – Working and
Poor
Reading: NYT article on value of
BA in today’s job market
Listening: National Public Radio
website with di?erent audio
reports on minimum wage
This page is constantly updated look through list of recent reports
and listen to one or two that
appeal to you.
Reading: NYT webpage on executive pay
This page is continuously
updated with articles (scroll down
past Chronology). Read at least
two from the last couple of years
which you think are interesting.
Reading: NYT Interactive feature on CEO
pay
This web page lists CEO pay, %
change (this is 2016 vs 2015) and
compares it to company
“performance” (profitability).
What does the comparison
suggest? Do CEOs earn more
when the companies they head
“do well”? Do they earn less
when company performance
goes down? Also, look at the
faces of the CEOs listed. What
can you learn from this chart
about how pay is allocated at the
highest levels of management?
Reading: Women vs. men, pay in CT
U.S. Bureau of Labor Statistics – salaries
in CT
This page lists average salaries in
CT for 718 categories of jobs.
Scroll through and draw some
(preliminary) conclusions about
why some jobs are more/less
highly paid than others.
Interactive: “Can you live on the minimum
wage” – NYT
This interactive feature allows
you to do a state-specific
comparison of expenditures to
income and results in description
of how many hours you would
have to work at a second job to
meet minimum expenses.
NYT: “Even College Doesn’t
Bridge the Racial Income Gap” Sept. 2017
This article summarizes some
significant findings about how
pay works in the U.S. today.
CT Bureau of Labor Statistics:
“May 2016 State Occupational
Employment and Wage
Estimates”
This website contains data about
wages for di?erent occupational
categories in CT (May 2016).
Why do certain jobs pay more
than others?
“Black-white wage gaps expand
with rising inequality” – 2017
Economic Politcy Institute report
This is the report – with graphs that the NYT article on wages
and race cites.
NYT !0/17: Universal basic income
This article highlights some of the
arguments for – and experiments
with – a universal basic income,
disconnected from a job.
Discussion 5 – Pay
Read ALL of the materials
listed in the Learn section,
listen to the NPR audio and
look at the websites and
articles. For your first post
and BASED on your
readings, describe how our
system of pay seems to
work. What factors seem
to be at work in determining
whether someone makes a
lot of money or a
little/less? What do YOU
think about all this? Make
reference to SPECIFIC
information/numbers, etc.
from the assigned
readings, including
articles you find on NYT
website. Â Â
For your second post
comment on your
classmates’ first posts.
Discussion 5 – Current Events
Post about an article that
relates to this week’s
readings on pay – in your
second post comment on
your classmates’ first
posts.
MyCourses@CCSU
Organizations@CCSU
Content Collection
Alyssa Stewart
MGT-403-01 Spring18 CC…
Discussion 5 – P…
Reading: Business Week – Working and
Poor
Reminder: you have 1# course
evaluations to complete. Please submit all
course evaluations before the end of the
term. Thank you.
If this item does not open automatically you can
open Reading: Business Week – Working and Poor
here

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