REAL WORLD TAKEAWAYS

• Different professions can earn vastly different incomes. The disparities can be so large as to seem unfair.
• There’s a difference between how much a person earns and how much value they create. Some professions that don’t command high salaries still yield tremendous value.
• The salary someone earns often has to do with the relationship between the payer and payee. When the person (or organization) who pays the salary also reaps the value that the worker creates, they can justify paying a high salary. When the person who pays the salary is different than the person/organization who reaps the value, they may not be incentivized to pay what the job is “worth.”

MATH OBJECTIVES

• Calculate unit rates, including income per month, week, day, hour, and minute
• Make comparisons between unit rates
• Use ratio and rate reasoning to solve real-world problems