Using the economic concepts that explain differences in wages, discuss any three
ID: 1244719 • Letter: U
Question
Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
Why does a chief executive earn more than a rocket scientist working for NASA?
Why does a teacher earn less than a firefighter?
Why does a union electrician earn less than a non-union electrician?
Why does a white male earn more than a white female with the same level of education?
Why does a movie actress like Angelina Jolie earn more than a movie actress from the 1940s?
Explanation / Answer
"The National Aeronautics and Space Administration's (NASA) 10 major spaceflight projects discussed in this report have not yet fully implemented earned value management (EVM). As a result, NASA is not taking full advantage of opportunities to use an important tool that could help reduce acquisition risk. GAO assessed the 10 projects against three fundamental EVM practices that, according to GAO's best practices cost guide, are necessary for maintaining a reliable EVM system. GAO found shortfalls in two of three fundamental practices. Specifically, we found that More than half of the projects did not use an EVM system that was fully certified as compliant with the industry EVM standard."
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