Answer the following questions: $1.$ Describe the two market challenges in deciding employee pay identified by Noe et al$.(2022).2$ Fully describe the regulatory framework for employee compensation in the U$.$S$.3.$ While the labor market pressures are real today, what other factors exist that may make it more feasable for employers to substitute technology for employees? External equity pay comparisons are vital in today's labor market. Noe. et al$.(2022)$ contends the focus of external pay comparisons is on jobs doing the same general job. Thinking about the labor market as a whole, do you think this is sufficient today, especially for entry level workers? Consider that retail jobs are paying $$18-21$ per hour with no barriers to entry. Would that potentially compete with a manufacturing company $$16/$hour and expecting qualified applicants? The two jobs are dissimilar, but could be competing in certain markets. Do you think they are? Explain.