General Discussion
In reply to the discussion: A question about the gender wage gap. [View all]lumberjack_jeff
(33,224 posts)If he was the boss, of course he was paid more, because no one competent would accept the managerial job otherwise.
Even if not, supply and demand still pertain.
His education and training constrained the pool of people competing for his job. The danger and effort required of the steel workers (and the union) constrained the pool of people competing for their jobs too.
A job that doesn't require hard work, lots of education, ethical compromises, danger, responsibility, discomfort or financial risk is usually done by a volunteer. If anyone can do it, and people will do it for zero compensation, then you don't need to hire.
Supply and demand is the primary reason. The supply of active baseball players who hit 600 major league prior to age 33 is one. That's why he has a $275 million contract.