Dear Students, Write a 3 page paper in MLA or APA format with 5 academic sources to support your findings. Write the paper on Pay Inequality or the Living wage debate. You may discuss the pros and...

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Title: Micro Economics
Issues and Solutions in Relation to Pay Inequality
The inequality in relation to pay is mainly a difference between the remuneration of the two persons working in the same place. The inequality can be made differently in a workplace among which one is gender pay inequality. It is generally made while doing payment of wage to the men and women. It is been generally seen that women’s are paid less than that of men. The pay gap can became a problem in terms of public policy rather than that the gap is made entirely voluntarily. Additionally, it can make reduction in economic output and the means on which women’s are more likely to be dependent on welfare payments.
If an organization has a pay inequality it can became a critical issue for all the resources in the organization, which can affect the performance of the organization, its culture and the bottom line. In many organizations, the concept of equality and diversity is the main strategy as it helps to understand about the attributes, which are being provided by the attributes in their financial responses. The data and policies which are transparent can helps the employees and also the organizations to make better decisions instead of doing just of increment in regulatory requirements.
According to Feldman et al., pay inequality can be improved of an organization such as by improving transparency. Moreover, the transparency can be improved by making proper reports on the composition of workforce and the wage gap performance. By...