Your salary is largely disconnected from how valuable your job is to your employer or society.
Your salary is determined by how much your employer would need to pay someone else to do your job. The harder it is to find someone else to do the job, the more they'll be willing to pay.
Salaries tend to be suppressed when the relative value contribution of employees is hard to evaluate, and when the organization has limited incentive to perform better.
Only by understanding the incentives and forces behind salaries that we can empower ourselves to make informed decisions about our careers and reshape what these systems reward.
From Philip Joubert
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