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Skills and Experience Define Value
Value is determined by the combination of skills and experience, rather than merely by formal education or degrees. While traditional qualifications may grant access to certain opportunities, practical competencies become the true measure of one's worth in a professional setting. The spectrum of value can be illustrated through examples, from low-skilled labor earning minimum wage to high-skilled professions commanding substantial rates. This framework accentuates the economic implications of equity, highlighting the potential variability in compensation based on the effectiveness of skill application in real-world scenarios.