Activity 2: Glogsgter - Why wages are so different?

In this activity, we discuss why we observe so different wages. Some of those differences might seem unfair or just too big to believe. There can be many reasons behind some jobs are paid much higher than others. Different productivities is one reason, but also the fact that labour is not homogeneous.
The real life examples helps students in understanding those differences. I found interesting and fun (also a little bit depressing) the possibility of computing how many years we need to achieve Ronaldo's annual wage. By doing so, students can internalise better the magnitude of those differences.
Finally, the video argues that the large wage gap betwween individuals is not a healthy situation for an economy.