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People are paid based on how much a similarly skilled worker is willing to work for, not based on how much value they generate for a company.
by ukoki 6y ago
People are paid based on how much a similarly skilled worker is willing to work for, not based on how much value they generate for a company.
- jupp0r 6y agoThey are paid based on how much other companies are willing to pay the same worker.
- bronzeage 6y agoThey are paid between their value and what they are willing to work for. Where exactly in between depends on supply and demand. When demand is high, competition will drive the salary close to the value generated. When demand is low, cost cutting and unemployment will drive the salary towards the minimum price.