Problem 1: What is an example of a market-driven minimum wage? Do you support or disagree with having a market driven minimum wage? Defend your answer
Problem 2. Do any relationships exist between the geographic location of a business and employee rates of pay? Is so explain. How are differences in rates of pay throughout the world influencing American employers? What recommendations would you offer to employers on this issue?
Problem 3. Kevin Murphy, an associate professor at Harvard Business School, stated that a previously held view that corporate executives are overpaid is wrong. Dr. Peter F. Drucker specializing in strategy and policy for businesses and social sector organizations takes contrary view on this issue. What is your view on this issue? Defend your opinion with sufficient examples.