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> There is good reason to believe that if you could magically shove high-status men into nursing; nursing salaries would go up. All else equal, if you shoved h
by randomdata 4y ago
> There is good reason to believe that if you could magically shove high-status men into nursing; nursing salaries would go up.
All else equal, if you shoved high status men into nursing they would only serve to increase the supply of workers, thereby reducing bargaining power and thus incomes would be more likely to fall.
High status men become high status because they find places to go where supply is extremely constrained (naturally or artificially). When you are one of few people able to do something that is desired then status and income follow.
The CEO gets there by first being one of a very select number of people who has built trust with the board. The board certainly isn't handing the keys to the kingdom of a multi-billion dollar operation to any random Joe off the street for obvious reasons. When the supply is nearly non-existent and the demand is nearly insatiable, price goes to the moon and so too does status much the same way.