3 ms·
It's a lot more complex than that. Missing, but vital, variables in your oversimplification include: Market lag, value perception over actual, price anchoring.
by brador 11y ago
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 11y agoAll 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.