How Wages Are Determined - Deepstash

How Wages Are Determined

Wages aren’t based on skills, they’re based on scarcity and want. You could be the best Ping-Pong champion in the world, and if nobody wants to watch Ping-Pong you probably won’t make a living playing the sport.

Alternatively, you could be a terrible construction worker, but if there’s a severe enough shortage of people needed to build houses, you could get by without ever improving your “skills.”

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karlabro

Maintenance engineer

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