3 ms·
> The majority of income differences comes from your skill. A doctor earn much more than a cashier due to having a more valuable skill, and that span makes up t
by spamizbad 3y ago
> The majority of income differences comes from your skill. A doctor earn much more than a cashier due to having a more valuable skill, and that span makes up the bulk of gini coefficient.
Training certainly big plays a role, but the majority of a doctor's income, at least in the United States, comes from the fact that they're part of a labor cartel which artificially limits the number of doctors. No such cartel exists for cashiers.
It's why even a mediocre doctor in the United States can make significantly more there than anywhere else in the world despite receiving equivalent training.
- em500 3y ago> It's why even a mediocre doctor in the United States can make significantly more there than anywhere else in the world despite receiving equivalent training. A mediocre developer or hairdresser in the United States also makes significantly more there than anywhere else in the world despite receiving equivalent training. That doesn't require any labor cartel.