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Consider the following:
1. Why do actors and actress earn so much?
2. How does a production firm decide how much to pay them?
3. Do you think they are over paid or underpaid based on the economic discussion of wages?
4. Can the high salaries be justified?
1. In addition to wages, what other factors influence an individual to choose one job over another?
2. Consider jobs like those on some popular TV shows like deadest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might they earn more than similarly skilled individuals in other jobs?
3. What jobs do you think have the best mix of salary and other characteristics that individuals care about?
HEDGE FUNDS: It is interesting to consider these salaries as well.
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