In preparation I would like you to have a listen to this podcast on BBC iPlayer and have a think about the questions below.
Should a banker be paid more than a nurse?
Professor Michael Sandel at the LSE
Link to BBC iPlayer http://downloads.bbc.co.uk/podcasts/radio4/r4sandel/r4sandel_20120410-0930b.mp3
1. How important are the following factors in determining what someone is paid?
effortcreativity
intelligence
the market
wealth creation
contribution to social well-being
luck (to be born with certain skills and/or to be born in a time and into a society that values those skills)
2. Which views expressed in the podcast are closest to your own?
3. What is the veil of ignorance?
4. What does the businessman say about the relationship between the free market and health?
5. To what extent do pay differences reflect luck?
6. How important is the access to government and media in this debate?
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