You Have Been Asked to Evaluate the Pay of English

question 34

Essay

You have been asked to evaluate the pay of English Professors and Economics Professors at a small liberal arts college.The college's personnel department has generated some supply and demand information from similar colleges,which is presented in the diagrams below. (a)Illustrate a market-based pay scale for each type of professor.
(b)Illustrate a pay scale based upon the principle that "a faculty member is a faculty member: they are all teachers,the only difference is the subject that they teach.They should receive equal pay for equal work."
(c)Describe what difficulty the college might have in its recruiting process if it follows the pay system in (b)rather than that in (a).

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Definitions:

Express Ratification

The explicit, formal approval or confirmation of an act or contract by the person who is bound by the act or contract, typically done after the act has been completed.

Implied Ratification

The tacit approval or acceptance of an act by behaving in a manner that assumes the act was properly authorized.

License

A permit from an authority to own or use something, do a particular thing, or carry on a trade.

Certain Professions

Specific occupations that require specialized education, skills, or certifications, often regulated by professional bodies or laws.