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According to the May 2018 National Occupational Employment and Wage Estimates published by the Bureau of Labor Statistics, (http://www.bls.gov/oes/current/oes_nat.htm), the average annual wage for elementary

According to the May 2018 National Occupational Employment and Wage Estimates published by the Bureau of Labor Statistics, (http://www.bls.gov/oes/current/oes_nat.htm), the average annual wage for elementary and middle school teachers is $62,150 , while the average annual salary for CEO's is $200,140. a. What does this tell you about the "value" of teachers in society relative to the "value" of CEO's? Explain how you are defining "value" in this problem, and support your answer with relevant graphs of the labor markets for teachers and CEO's. (7 points)

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