Why are some people paid salaries while others are paid hourly or on commission? Why do we all tip our servers at restaurants but not our (economics!) professors? What about corporate CEOs? Why are they often paid so much while other workers can barely afford to buy the products that they make?
Join Dr. Hebert as we discuss these important topics!
Links:
- Tipping by Tony Gill
- What is the Difference Between Hourly and Salary Employees?
- What is the Difference Between Salaried and Hourly Employees? (yes, this is a different article from the one above!)
- Why Does America Have Tipping?
- Freakonomics Podcast on Tipping