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? Your friead points to the sages earned by your economicsprotessor and ler leaching assusant...

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Question

Economics

? Your friead points to the sages earned by your economicsprotessor and ler leaching assusant (TA) as an eunple of liscomeinequality. Your tenured professor earns

$120,800

, drives a BMW, and vacations in Barope, sheres your TAeirns

$10,100

per year, rides a blike, und vacations as his mons's hous.Because they bots seach for a living, your friend argues that thisincome inequality is sook just. Which reply uses the cooomic lifegolle to respoed to your friends arpunses? Your professor and TAearn different amounts now but they will have similar earniggs overthe coure of their thes. Your peofosor was cect I TA, and your TAwill one ding male beter mosey. Your prolessor has more hargainingpower than your TA wal, thereflere, has higher earninge. Olderworkers typically hase more expenses than younger workers due tothe high cost of healthcare and odker costs that ooour later in thelife gele. The differences in sages ocour because obler worlersneed nore money thas younger wollen.

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