Scenario 18-1: In academia, professors in some disciplines receive higher salaries than others. For example, professors teaching in business schools receive higher salaries than professors in the English department. Suppose in Unity College, assistant professors in the business school earn $W b while assistant professors in the English department earn $W e

Question

Scenario 18-1: In academia, professors in some disciplines receive higher salaries than others. For example, professors teaching in business schools receive higher salaries than professors in the English department. Suppose in Unity College, assistant professors in the business school earn $W_b while assistant professors in the English department earn $W_e < W_b. Now suppose the government passes comparable worth legislation that requires academic institutions to pay all faculty the same salaries.
-Following the passage of comparable worth legislation, Unity College responds by placing salaries for all assistant professors at $W_b. Which of the following is the result of the legislation?

Quizplus · Accepted Answer

The comparable worth legislation requires all faculty to be paid the same salary, regardless of their discipline. This means that the salary for assistant professors in the English department will increase to $W_b, which is the same as the salary for assistant professors in the business school. As a result, there will be a surplus in the market for English professors, as more people will be willing to teach English at the higher salary. The market for business professors will not be affected, as their salaries will remain the same.

Scenario 18-1: in Academia, Professors in Some Disciplines Receive Higher