Why a Job pays what it does:

“These budding drug lords bumped up against an immutable law of labor: when there are a lot of people willing and able to do a job, that job generally doesn’t pay well. This is one of four meaningful factors that determine a wage. The others are the specialized skills a job requires, the unpleasantness of a job, and the demand for services that the job fulfills.” Levitt and Dubner, “Freakonomics.”\par
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The chapter then uses these 4 indicators to explain why a woman in the “oldest profession on earth” generally earns more than the more “educated” and “skilled” architect. \par
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This provides food for thought in terms of what direction to encourage one’s children in, vocationally speaking. Unless what you truly enjoy is very much different than what most people truly enjoy, and unless it involves more education, is more demanding skill-wise and has a greater demand in the marketplace, it’s not likely to be particularly lucrative. \par
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Now I wonder what this says about the job description “homemaker?” \par