Because of marginal returns on applicant motivation. A $200,000 position sounds great to a person expecting $150,000. $200,000 also sounds amazing to someone ex

Because of marginal returns on applicant motivation. A $200,000 position sounds great to a person expecting $150,000. $200,000 also sounds amazing to someone expecting $40,000. But, the same person expecting $40,000 will also be amazed by a $100,000 position, and certainly not half as amazed as the $200,000 one.