This is not true. You pay supply/demand. Someone with less expenses, or visa constraints, or other geographic constraints, but equally talented, will accept a lower wage.
"Equally talented" is where your academic theory falls flat.
Any engineer who accepts lower wages than their predecessor is either of lower talent and experience, or is by some situation forced to accept less. "Forced" being a key term.
Talent cannot be measured with the same formula used for guns and butter.
bsg75|10 years ago
Any engineer who accepts lower wages than their predecessor is either of lower talent and experience, or is by some situation forced to accept less. "Forced" being a key term.
Talent cannot be measured with the same formula used for guns and butter.