Why Garbage Men Don’t Make As Much as Bankers | Kevin Currie-Knight   Leave a comment

Why don’t teachers make as much as entertainers? Why don’t garbage collectors make as much as CEOs or financiers? Examples like this seem to show markets are unjust: any system that pays X more than Y (when Y seems to produce more real value) can’t be one with good priorities. We should resist that conclusion, though. There may be good reasons why financiers earn more than trash collectors.

Articles like “Why Garbage Men Should Earn More Than Bankers,”by Evonomics’ Rutger Bregman, and “Teachers Should Make More Than Athletes,” by Kentucky Supreme Court Justice Bill Cuningham, reflect a lot of people’s intuitions.

“Any way you look at it,” Bregman writes, “garbage men do a job we can’t do without.” Compare that to “slick Wall Street traders who line their pockets at the expense of another retirement fund.” So why do traders often make six or seven figures, while garbage men barely get by? It’s a good question, to which there are some good answers.

Source: Why Garbage Men Don’t Make As Much as Bankers | Kevin Currie-Knight

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Posted August 2, 2016 by aurorawatcherak in Uncategorized

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