What definition of overpaid would you apply in the situation


Problem

Assume that you have been hired by a company to do a salary survey of its arc welders, who the company suspects are overpaid. Given the company's expressed desire to maximize profits, what definition of overpaid would you apply in this situation, and how would you identify whether arc welders are, in fact, overpaid?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What definition of overpaid would you apply in the situation
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