2 ms·
Some jobs have non-pecuniary benefits, such as social status or personal gratification; these mean that people are willing to do the work for less than they oth
by nickff 6y ago
Some jobs have non-pecuniary benefits, such as social status or personal gratification; these mean that people are willing to do the work for less than they otherwise would (even to the point of making the position volunteer-only). I am not sure what someone 'deserves' for being a lifeguard, or any other job with substantial non-pecuniary benefits, but these things should be taken into account.
- I-M-S 6y agoso an inverse compensating differential https://en.wikipedia.org/wiki/Compensating_differential https://en.wikipedia.org/wiki/Compensating_differential