There are some jobs that are very low-status, and consequently well-paid. That’s a Coasian bargain, where status-insensitive but money-sensitive people select into them. Which means that raising the status of those jobs harms the people who do them.
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Could you elaborate? Not to be too big on cliches, but while they're not exactly great at salary negotiations, the tech people i know seemed to prefer money over status, by stated and revealed preferences (e.g., they work in offices for banks)
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[Not speaking about my current employer or colleagues, and as always speaking only for myself.] Lots to say here, but: many tech workers have internalized a narrative about industry evils and would prefer to get paid perhaps 15% less and not be one of the bad guys.
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Ah, you are assuming salary increases to compensate. Outside the tech world, the more common result is simply that the caliber of people in the profession decreases.
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I'm not assuming that! The market clears, one way or another. ("I wanted to get paid in status, but instead I got extra job security!")
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