Assignment task: Please can you answer those questions in your opinion and explain why? No short answers please
Q1. Should a Banker Be Paid More than a Nurse? Why?
Q2. What counts as fair pay between a banker and a nurse?
Q3. Would you say it is unfair for bankers to be paid much more than nurses?
Q4. Do you not think that effort or effort alone should be the basis of pay?
Q5. To What extent do society's pay differences reflect the factors influencing a person's success? For instance, did your parents have the best possible skills and encourage you to attend excellent schools? To what extent do these differences reflect our own doing? Also, how many of us attribute our success to luck?
Q6. Who disagrees with the idea that pay should respond to the intrinsic importance of the job?
Q7. What do you say that bankers should be paid so much money that it is unsatisfying?
Q8. Does that address your objection to letting markets define fair pay?
Q9. To what extent do pay differences that we observe in society today to what extent do they reflect luck, what skills you were born with, what talent, and what parents you happen to have? Did you have excellent, nurturing parents who could send you to good schools? To what extent did these differences reflect luck, not our own doing? And to what extent do the pay differences we observe today reflect effort, drive, determination, and choice? How many say luck, and how many say effort and other things we can control?
Q10. Would a perfect meritocracy remove all your objections and some others have significant pay differences?
Q11. What is fair and what is unfair? Some say what counts as fair pay is pay that responds to the importance of the contribution a person makes?
Q12. Markets that should define fair pay because who are we? Who is any of us to decide what is intrinsically more important than something else?
Q13. How can we say that we live in a truly meritocratic society?