Choose your worth?

Discussion in 'Economy' started by ricechickie, Mar 15, 2017.

  1. ricechickie
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    ricechickie Gold Member

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    Question: is an employee always paid what they are worth?

    And does our job market prioritize which jobs are most important, and pay accordingly.

    I'm thinking of nursing vs. investment banking. Which one will people say they value more? Which one pays more? Is that a reflection on the value of the profession?
     
  2. SassyIrishLass
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    SassyIrishLass Diamond Member

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    To a hospital a nurse has more value. To Merrill Lynch an investment banker has more value. Different fields pay different salaries and people know what salaries average going in, or should anyway.

    I have to laugh at people who get a degree is a field like oh say women's studies and then are stunned when they find jobs are scarce and don't pay well
     
  3. ricechickie
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    ricechickie Gold Member

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    Yes, but which job do you think society needs more?
     
  4. Pogo
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    Pogo Diamond Member

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    True, but more to the point, to the human race a nurse has WAY more value.
     
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  5. Pogo
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    Pogo Diamond Member

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    Of course you do. That's because you're hopelessly boxed in to the idea that the only reason to get a degree is to qualify for a certain salary level.
     
  6. task0778
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    task0778 Gold Member Gold Supporting Member Supporting Member

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    " Question: is an employee always paid what they are worth? "

    That depends on how you determine what 'worth' means. You can talk about the value to society and/or the social good a specific job provides but I think we all know that isn't how a person's wage is determined. It's all about supply and demand, labor is just another commodity whether we like it or not. With the caveat of whether or not there are cheaper alternatives, i.e., robots. It may not be just or fair, but it is reality and it isn't going to change anytime soon.
     
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  7. ricechickie
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    ricechickie Gold Member

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    So why do they get paid, as a profession, so much less? Can a nurse "make their skills more valuable to their employer" ( like Markel said) to rise up to investment banking income?
     
  8. SassyIrishLass
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    SassyIrishLass Diamond Member

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    Obviously nursing. But with that said careers are a choice, my sister is a flight nurse and makes very good money, I got my degree in economics/finance, that's why I found your examples interesting
     
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  9. Pogo
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    Pogo Diamond Member

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    They get paid less because they don't deal in greed.
    Same with teachers. They don't make anybody directly rich.
     
  10. Billy_Kinetta
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    Billy_Kinetta Paladin of the Lost Hour Gold Supporting Member Supporting Member

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    A degree that does not generate capital for the holder is a vain exercise. You can gain the same knowledge without paying for a degree.
     

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