S E43: Why wages vary - Why some of us get paid more than others
Think Like An Economist
How Many Golf Ball Divers Do the World Need?
Econo talk about human capital as the accumulated knowledge and skills that makes you more or less productive. Wages are not worth, but they do reflect other people's willingness to pay for whatever it is that you're producing. So if you want to get a higher wage, you need to convince your boss you bring a lot of financial value to their company through your output.
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