If you had to choose an industry based strictly on how Canadian industries for the most recent available year much it pays its employees, which would you pick? The (2016), according to Statistics Canada: following are the average weekly earnings for different Mining, quarrying, and oil and gas extraction 1,971 99 Utilities 1.781.05 Management of companies and enterprises 1,426.48 Information and cultural industries 1,332.02 Professional, scientific, and technical services 1.295.12 Finance and insurance 1.254.37 Public administration 1,217.86 Goods-producing industries 1,214.66 Construction 1.202.80 Forestry, logging, and support 1.119.37 Manufacturing 1,086.11 Educational services 1,024.05 Transportation and warehousing 1.013.22 Real estate and rental and leasing 957.94 Service-producing industries 899.40 Health care and social assistance 862.76 Administrative and support, waste management and remediation services 783 20 Other services (except public administration) 779.00 Trade 742.40 Arts, entertainment, and recreation 579.90 Accommodation and food services 364.88 Source Statistics Canada wote hawww staten gabim suborgan Sen 2011 Neste estate astetta intentcon the industry as the weakly came are veres Mining Oil and Gas maha more incumbent for holding hangin and on the marries the custy Of course, all of these seem pretty miserly when you compare them with the average pay for players in the National Hockey League (NHL), which is about 563.000 a week (assuming they work 40 weeks a year); This is nice for hockey players, but is one week of an average hockey player's work really worth more than the combined weekly work of 72 Canadian health and social service workers, or 173 accommodation and food ser- vices workers? What scale would you use for judging? By the way, average pay is even higher for players in the National Basketball Association and Major League Baseball than the NHL! 1. Examine the list of industries and pay rates in the vignette above. Discuss. possible reasons each industry has the relative pay-level that it does. 1 2. Based on the concept of "compensating differentials" develop a list of jobs that: you would be willing to work for less money and why? If you had to choose an industry based strictly on how Canadian industries for the most recent available year much it pays its employees, which would you pick? The (2016), according to Statistics Canada: following are the average weekly earnings for different Mining, quarrying, and oil and gas extraction 1,971 99 Utilities 1.781.05 Management of companies and enterprises 1,426.48 Information and cultural industries 1,332.02 Professional, scientific, and technical services 1.295.12 Finance and insurance 1.254.37 Public administration 1,217.86 Goods-producing industries 1,214.66 Construction 1.202.80 Forestry, logging, and support 1.119.37 Manufacturing 1,086.11 Educational services 1,024.05 Transportation and warehousing 1.013.22 Real estate and rental and leasing 957.94 Service-producing industries 899.40 Health care and social assistance 862.76 Administrative and support, waste management and remediation services 783 20 Other services (except public administration) 779.00 Trade 742.40 Arts, entertainment, and recreation 579.90 Accommodation and food services 364.88 Source Statistics Canada wote hawww staten gabim suborgan Sen 2011 Neste estate astetta intentcon the industry as the weakly came are veres Mining Oil and Gas maha more incumbent for holding hangin and on the marries the custy Of course, all of these seem pretty miserly when you compare them with the average pay for players in the National Hockey League (NHL), which is about 563.000 a week (assuming they work 40 weeks a year); This is nice for hockey players, but is one week of an average hockey player's work really worth more than the combined weekly work of 72 Canadian health and social service workers, or 173 accommodation and food ser- vices workers? What scale would you use for judging? By the way, average pay is even higher for players in the National Basketball Association and Major League Baseball than the NHL! 1. Examine the list of industries and pay rates in the vignette above. Discuss. possible reasons each industry has the relative pay-level that it does. 1 2. Based on the concept of "compensating differentials" develop a list of jobs that: you would be willing to work for less money and why