Imbalance in professional wage scales
- Disproportionate professional salaries
Incidence
In the USA as in other countries the brightest graduates are attracted into a limited number of professions, such as medicine, law, and management, because of the disproportionately high salaries in those professions compared to others.
Claim
The earnings of leading professionals cannot be justified merely by invoking principles of market economy, nor by suggesting that their high salaries are necessary to induce people to enter arduous professions. Given the number that are unable to gain entrance to academic institutions for such professions, the earnings in such professions are clearly higher than a free market would allow.
Broader
Narrower
Aggravated by
Value
Reference
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
- Research, standards » Measurement
- Social activity » Employment conditions » Employment conditions
- Social activity » Professions
- Societal problems » Imbalances
Content quality
Unpresentable
Language
English
1A4N
J3662
DOCID
12036620
D7NID
141044
Editing link
Official link
Last update
Oct 4, 2020