Detailed step by step answers please
1) What specific social trends might be used to confirm a reduced living standard in the U.S. since 1972?
2) Explain what has happened to CEO pay( the compensation paid to chief executive officers of U.S. corporations) compared to the production wage since 1960. Does CEO pay appear to be sensitive to the state of the economy?
3) Define the wage gap and describe how this measure has changed since 1972. If you become twice as productive at your job, would you expect to be paid twice as much? what do you think causes workers to become more productive?