There is no relationship between what you earn and your skill level. If there were, theoretical physics would be a top paying field. The reason is, this is capitalism and we are horrible negotiators. If you want to earn top money in a technical field, the best you can do is insert yourself in a revenue stream. Roles that are critical to revenue like a billing system or associated with a intrinsically valuable commodity e.g. petrochemical, are more lucrative than other similarly skilled professions.
They’re not really blaming capitalism for anything though? They’re just explaining how it works, and they’re right. In a market driven economy, you are paid for having a skill or some knowledge based on the demand of that skill or knowledge and nothing else. In the same way as the quality of your house has little bearing on it’s value when compared to it’s location. Not a criticism of capitalism.
SIGH. Capitalism is a fringe conspiracy theory. Next you’ll be claiming that billionaires earn their money through “capital gains” instead of salary, or that every corporation answers to a shadowy cabal of “shareholders” who only care about profit.
Well you won’t fool me. Unlike you, I have educated myself by reading newspapers.
There is no relationship between what you earn and your skill level. If there were, theoretical physics would be a top paying field. The reason is, this is capitalism and we are horrible negotiators. If you want to earn top money in a technical field, the best you can do is insert yourself in a revenue stream. Roles that are critical to revenue like a billing system or associated with a intrinsically valuable commodity e.g. petrochemical, are more lucrative than other similarly skilled professions.
It feels like blaming everything on capitalism is a Lemmy meme.
EDIT: smh look at all the capitalists smashing the downvote button as if it were a poor.
They’re not really blaming capitalism for anything though? They’re just explaining how it works, and they’re right. In a market driven economy, you are paid for having a skill or some knowledge based on the demand of that skill or knowledge and nothing else. In the same way as the quality of your house has little bearing on it’s value when compared to it’s location. Not a criticism of capitalism.
SIGH. Capitalism is a fringe conspiracy theory. Next you’ll be claiming that billionaires earn their money through “capital gains” instead of salary, or that every corporation answers to a shadowy cabal of “shareholders” who only care about profit.
Well you won’t fool me. Unlike you, I have educated myself by reading newspapers.
TIL repeating the definition of capitalism is blaming capitalism
It wasn’t capitalists, it was the invisible hand of the market.