Problem

Imbalance in professional wage scales


Experimental visualization of narrower problems
Other Names:
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 Problems:
Discriminatory wage scales
Problem Type:
E: Emanations of other problems
Date of last update
18.02.1997 – 00:00 CET