For adjacent pay grades with the following characteristics:…

For adjacent pay grades with the following characteristics: Pay Grade 1: Midpoint = $32,000, Range spread = 30% Pay Grade 2: Midpoint = $48,000, Range spread = 50% Pay Grade 3: Midpoint = $56,000, Range spread = 60% Calculate: The minimum and maximum for each pay grade (round to the nearest whole number). Does this pay structure seem more egalitarian or more hierarchical? Explain your answer.