Why do some jobs pay more than others?
The Pay Mystery
Why do some jobs pay more than others?
You've probably noticed something funny about the world: a doctor might earn way more than someone who makes amazing sandwiches all day. A software engineer might take home more money than a firefighter who runs into burning buildings. What's going on? Is the world just being weird?
Here's the secret: pay isn't really about how hard you work or how important your job feels. It's about something economists call supply and demand—which is just a fancy way of asking two questions. First: how many people CAN do this job? Second: how many people WANT it done?
