I think maybe, most people who are intrigued by economics are the type of people who naturally think relatively strategically? Strategic thinking definitely has some correlation with SAT type intelligence, but is still a slightly different skill.
So then I think that either:
(1) Strategic thinking is a valuable skill that is highly valued, leading to higher salaries, and/or
(2) Strategic thinking helps people who want higher salaries get them (I’m guessing the pre-existing desire for a high salary isn’t significantly stronger among economics majors than other majors.)
The idea of naturally strategic thinkers being drawn to economics is based on my own experience. Has anyone else made similar/different observations?
I think maybe, most people who are intrigued by economics are the type of people who naturally think relatively strategically? Strategic thinking definitely has some correlation with SAT type intelligence, but is still a slightly different skill.
So then I think that either:
(1) Strategic thinking is a valuable skill that is highly valued, leading to higher salaries, and/or
(2) Strategic thinking helps people who want higher salaries get them (I’m guessing the pre-existing desire for a high salary isn’t significantly stronger among economics majors than other majors.)
The idea of naturally strategic thinkers being drawn to economics is based on my own experience. Has anyone else made similar/different observations?