Truck drivers who drive on the icy roads in Alaska and Canada (e.g., those onIce Road Truckers) earn: Oa. the same wage as all other truck drivers in North America. Ob. a compensating differential. Oc. the same hourly wages as most other professions. Od. a college wage premium.
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Akash M.
For each of the following situations in which similar workers are paid different wages, give the most likely explanation for these wage differences. a. Test pilots for new jet aircraft earn higher wages than airline pilots. b. College graduates usually have higher earnings in their first year on the job than workers without college degrees have in their first year on the job. c. Full professors command higher salaries than assistant professors for teaching the same class. d. Unionized workers are generally better paid than non-unionized workers.
In a recent survey, ice cream truck drivers in Cincinnati, Ohio, reported that they make about $280 in income on a typical summer day. The income was generally higher on days with longer work hours, particularly hot days, and on holidays. The accompanying data file includes five weeks of the driver's daily income (Income), number of hours on the road (Hours), whether it was a particularly hot day (Hot = 1 if the high temperature was above 85°F, 0 otherwise), and whether it was a Holiday (Holiday = 1, 0 otherwise).
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