Economics 14/e   McConnell
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Chapter 28 Web-Based Questions

28-13 Web-based Question  

Real Wages and Productivity—Are Workers’ Paychecks Keeping Up? The long-run growth of real wages is correlated with labor productivity. Check the Bureau of Labor Statistics http://stats.bls.gov/gov/lprhome.htm for current labor productivity and cost data. Go to Durable manufacturing sector: Productivity hourly compensation and unit labor costs seasonally adjusted and compare the indexes for Output per hour of all persons Compensation per hour and Real compensation per hour. Compared to the base year rank the indexes. What should be the ranking according to economic theory? Is compensation (both actual and real) per hour keeping up with output per hour? Are workers’ paychecks keeping up?

28-14 Web-based Question  

Top Sports Salaries in Football Basketball and Baseball—Is There Equality? In poll after poll professional football has been called the country’s most popular sport. It commands billions from TV contracts. Yet the top football salaries pale in comparison with the mega contracts players in other professional sports sign. Use the major sports sites http://espn.sportszone.com/ http://www.cnnsi.com/ and http://cbs.sportsline.com/ to identify the top yearly salary in the National Football League the National Basketball Association and the Major Baseball Leagues. Which league has the highest salaried player? Speculate as to why. What is the difference between productivity on the field and the productivity of business revenue which the game generates?

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