
Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game
EconTalk
00:00
Do You Think You Should Underpay Certain Professions?
The argument might go that you should underpay certain professions say, teachers and doctors. So what doyou think of this argument? I don't think either one is underpaid. We just as a society, should decide on bounderies, on extremes. Focus on the big things that cannot be solved, you now, by individuals. Risk management. Likewise, we just have to make sure there is appropriate a skin in the game, and let the market functions. Await at once to function.
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