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In a system of equal wages the supply of engineers would vanish because there would be no incentive to spend four years in college and whatever local licensing.
by whatok 11y ago
In a system of equal wages the supply of engineers would vanish because there would be no incentive to spend four years in college and whatever local licensing. Literally no one would know how to do the job.
In a system of equal wages the supply of coal miners would dry up because no one will risk their life doing backbreaking labor when there are much more safe opportunities out there.
- pbhjpbhj 11y agoSo, no physicists ever do physics because they can get jobs as quants earning vastly higher wages? Building, farming, construction, mining ... no one chooses to do these jobs because there are safer jobs available?
- whatok 11y agoUnder our current wage system? No. I have not claimed any of those scenarios. I'm claiming that by reducing pay incentives from the equation, you will see a decline in certain professions and also the education typically required for those professions. These professions are also the professions that already have a supply glut and by removing one of the naturally occurring incentives for these jobs (a market wage), you only make it harder to find people able to do the work.
- pbhjpbhj 11y agoIf there's a glut in supply and you reduce the financial incentive shouldn't that lead to a greater proportion of people who are passionate about the work of itself. That clearly doesn't work in all vocations, however. Can I ask, what motivates you to perform your particular functions in society, is it only the financial reward?
- deleted 11y ago[deleted]