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> There's a reason professions like doctory, investment banking, and consulting pay so much, they involve lots of sacrifice and/or job unhappiness that you have
by zbentley 9y ago
> There's a reason professions like doctory, investment banking, and consulting pay so much, they involve lots of sacrifice and/or job unhappiness that you have to pay people a lot to get them to commit to the job.
That's partly true, but there are other dynamics at work as well.
Expert sewage/waste management workers get paid a lot less than those trades, though their trade is necessary and involves lots of sacrifice/job unhappiness.
On the other hand, private military contractors and undersea welders make a premium, despite being nominally "service" or less popularly lauded jobs.
There are other factors at work in addition to this.
- jeffreyrogers 9y agoPrivate military contracting and undersea welding are both dangerous and require fairly specialized skills. Waste management, though critical for the proper functioning of society, is a low skill job and not particularly dangerous, which keeps the wages low. And medicine, finance, and consulting, require a fair amount of intelligence and the barriers to entry are high, keeping wages high.