Two welding companies require identical skills and training from their workers. Both employ 30,000 people. On average, Company 1 has 7 worker fatalities per year, while Company 2 has 11 worker fatalities per year. Jobs at Company 1 pay $40,700/year, while jobs at Company pay $41,500/year. (a) Why do these jobs with identical requirements pay different salaries, based on the information presented here? (b) What is the pay premium associated with the higher risk? (c) The value of a statistical life (VSL) is the difference in wage divided by the difference in risk. What is the VSL for workers with these skills and training?