Two things drive engineering wages - - how valuable the job is to the employer and the supply and demand for workers in a given skill. Rising pay has nothing to do with justice. Today, an engineer can produce in less than ten minutes what it took an engineer in 1890 an hour to produce. That's why we make more money. Other patterns of compensation are fairly easy to understand and some don't make any sense - -
- Highly educated workers tend to earn more than those with less schooling.
- In India, men who are fluent in English earn 34% more than those who don't speak the language - - even, if for example, they are both PhDs.
- The "tall" make 10% more for every four inches in extra height.
- The "ugly" earn less than the "pretty" - - regardless of whether beauty has anything to do with the job.
Like I said - - and some don't make any sense.
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