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> There is always risk associated with specialization That might be the reason people demand higher pay, but it wouldn't be the reason why companies pay the hi
by mgkimsal 9y ago
> There is always risk associated with specialization
That might be the reason people demand higher pay, but it wouldn't be the reason why companies pay the higher pay. They pay it because there's a scarcity of people, and/or because they get some multipled value back. No company cares if I've specialized in the 'wrong thing' - they just won't hire me.
- DataWorker 9y agoThat’s an important “or”. It’s not always scarcity, it’s often the perceived value. CEOs are just one of many examples where the pay is not at all because of scarcity.