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No the baseline wage is what the market will bear. Employment is subjected to market forces just like the goods and services those employees produce. The common
by brodouevencode 6y ago
No the baseline wage is what the market will bear. Employment is subjected to market forces just like the goods and services those employees produce. The common example is underwater welders: high demand, low supply (high danger factor) results in $300k/yr salary. Welders at the local muffler shop in my area pay around $20/hr, highly skilled welders get between $75-$100/hr depending on if their independent or work for a large shop, and experience.