A critical life saving job, such as emergency medical technician (EMT), make less than $10 per hour, while many CEOs have multi-million dollar compensation packages. Since the market drives these salaries, do you believe market reform is needed? Why or why not? Defend your answer© BrainMass Inc. brainmass.com October 2, 2020, 1:21 am ad1c9bdddf
Now this is a no win question. The market should be changed to reflect service over profits. However, since profits drive our economy and philosophy (capitalism) it is nearly impossible to do. We value the work done by those in professions such as EMT, Nursing, Teaching, Day ...
This solution discusses whether market driven salaries should be reformed.