Imagine a labor contract in which a worker is offered a wage that barely meets subsistence needs, while the employer makes significant profits. Analyze how a Marxist, a Rawlsian, and a Nozickian would evaluate the fairness of this contract offer. In your response, address the following:$1.$ What criteria does each perspective use to determine fairness?$2.$ How does each perspective assess the power dynamics or initial conditions under which the contract was formed?$3.$ Based on their frameworks, would they consider the contract fair or unfair? Why?Support your analysis with key concepts from each theory, such as Marx's critique of exploitation, Rawls's principles of justice $($especially the difference principle$),$ and Nozick's entitlement theory.