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I don't disagree with the letter of your comment, but I take issue with the spirit. Markets are about exchange, and the pricing signal is the aggregate express
by shanusmagnus 8y ago
I don't disagree with the letter of your comment, but I take issue with the spirit. Markets are about exchange, and the pricing signal is the aggregate expression of what people value and how scarce it is. Far from being cold and impersonal, they are fully and completely about human values.
OP's wife may place a high intrinsic value on teaching, which serves as a kind of internal subsidy. In that case you'd expect the job to pay less, because more people are being 'subsidized' by their desire to do it.
On the other hand, nobody is burning with desire to be a garbageman. Nobody is a volunteer garbageman, and garbagemen make more money than you might expect (or at least, they did when I was graduating from high school.)
There's a reason glamorous and fun jobs generally don't pay very much. It's not that complicated, and it's not sinister.