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In contrasting equity and efficiency, explain why high-tech firms seem to treat their employees better (better...

In contrasting equity and efficiency, explain why high-tech firms seem to treat their employees better (better wages, benefits, working environments, vacations, etc.) compared to how landscaping or fast-food franchises treat their employees. Is this efficient? Note: you must write a concise answer and use concepts of economic efficiency and equity as explained in the textbook.

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Answer #1

High-tech firms seem to treat their employees better compared to how landscaping or fast-food franchises treat their employees because Individuals for high-tech firms are in high demand and have a lot of experience. It is efficient. The individuals in high tech firms have higher knowledge and skills and so are in great demand and the firms do not want to lost them. On the other hand, workers in fast food chains do not require any particular set of skill and are easily replaceable.

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