One of the best life lessons is that labor is a market just like any other, and prices are set based on supply and demand.
Unfortunately, the labour market is a particularly illiquid and inefficient one, where things like actual value generated or risks taken tend to correlate poorly with compensation.
That is, prices in the labour market are set based on supply, demand, and huge distortions mostly caused by inability to judge value accurately and/or conflicts of interest.
Unfortunately, the labour market is a particularly illiquid and inefficient one, where things like actual value generated or risks taken tend to correlate poorly with compensation.
That is, prices in the labour market are set based on supply, demand, and huge distortions mostly caused by inability to judge value accurately and/or conflicts of interest.