4 ms·
I think you're making the assumption that the person you're talking about would get the job without being out-competed by someone else? Higher paying jobs have
by kgc 9y ago
I think you're making the assumption that the person you're talking about would get the job without being out-competed by someone else? Higher paying jobs have more competition.
- eastWestMath 9y agoRelatively higher paying jobs have relatively more competition. The lowest paying jobs (minimum wage) will always have the least competition.
- erikbye 9y agoThis does not seem to be a universal truth. Time and again I see news stories of grocery store type jobs (or McDonalds) getting hundreds of applicants.
- Consultant32452 9y agoThat's because the minimum wage is higher than the market value for many of those people's productivity. Without a minimum wage anyone willing to do work would more quickly be able to find paying work. And anyone who is productive will quickly move up the pay scale.
- eeZah7Ux 9y agoThe opposite is true.
- mcguire 9y agoThat's why they pay so much; it's econ 101.
- deleted 9y ago[deleted]
- deleted 9y ago[deleted]
- deleted 9y ago[deleted]