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there is a correlation but that does not mean the jobs are elastic. it is not reasonable to assume that higher paid workers can simply switch jobs or even care
by tastythrowaway2 10y ago
there is a correlation but that does not mean the jobs are elastic. it is not reasonable to assume that higher paid workers can simply switch jobs or even career paths simply to trade available free time for lower compensation.
- jackcosgrove 10y agoYes it is reasonable. Bankers and consultants move to industry, lawyers and accountants move in house, engineers move to maintain legacy projects. People quit their careers and work for non-profits or become teachers. This happens all the time.
- tastythrowaway2 10y agoMy admittedly SWAG is that this happens more by chance than by choice. this is an important distinction.