It's a lot more complex than that. Missing, but vital, variables in your oversim... | Hacker News

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brador on Aug 13, 2015 | parent | context | favorite | on: Lenovo Is Laying Off 3,200

It's a lot more complex than that. Missing, but vital, variables in your oversimplification include: Market lag, value perception over actual, price anchoring.

tonyedgecombe on Aug 13, 2015 [–]

All true but expecting salary to mirror the value provided to the employer is like living in cloud cuckoo land.

An employer might make a million pounds from your work but if the going rate for the skills they need is £50K then that is what they will pay.

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