Average Weekly Earnings (2011) Mining, oil, and gas $1,737 Utilities $1,644 Professional, scientific, technical services $1,213 Public administration $1,114 Construction $1,091 Finance and insurance $1,064 Manufacturing $982 Logging and forestry $974 Education and related services $956 Transportation and warehousing $919 Health and social services $809 Arts, entertainment, and recreation $551 Retail trade $513 Accommodation/food/beverage services $357

1. Examine the list of industries and pay rates above. Provide two possible reasons WHY each industry has the relative pay level that it does. Compensating differential Seasonal employment Cost of living Poor working conditions Poor industry reputation 2. Based on the concept of compensating differentials, develop a list of job/organizational characteristics that would make you willing to work for less money. Then develop a list of job/organizational characteristics that would cause you to want more money to accept a given job.