There is a real risk premium for jobs. Yes, high income jobs are less physically risky, but that isn’t the relevant comparison. The relevant comparison is to other low skill jobs. So, for example, lumberjacks get paid more than doormen.
There is a real risk premium for jobs. Yes, high income jobs are less physically risky, but that isn’t the relevant comparison. The relevant comparison is to other low skill jobs. So, for example, lumberjacks get paid more than doormen.