Source: The Dispatch
by Kevin D Williamson
“Why do wages for some jobs go up while others go down? Why do some jobs pay a lot more than others? The barstool answers you get to those questions tend to emphasize factors such as how difficult, dangerous, or important a job is, how much education is necessary, etc. You tend to get moralistic answers in a lot of cases, answers that attempt to explain why highly paid people deserve to be highly paid. But none of those answers is true. Anybody who thinks about it for 10 seconds knows that education, merit, social value, and other factors of that kind have nothing at all to do with earnings. … Wages are a price — the price of labor — and prices are determined by supply and demand. That’s it.” (09/02/25)