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One of the three things you can’t really discuss — along with failure and sex — is money/salary. As essentially a direct result of this, no one really understands what their salary represents — and that leads to a lot of problems at workplaces (such as people making $150K screaming “I don’t have time for this!” when, in fact, having time for whatever it is constitutes why they make $150K).
Then there’s this: most people have no idea if they’re even paid fairly, with a large majority of us consistently assuming we’re paid below what we should be:
Here’s the thing, though: what actually determines your earning potential (EP) in a time where earnings are mostly stagnant?
Before we get into any research on this, let’s try to make a list of the most logical factors that would determine whether you can make a bunch of money in your career:
- Where You Come From: This shouldn’t be №1, but it probably is — it’s much easier to rise up in the world from some zip codes than from others. Sad but true.
- Education: Currently I kind of think the idea of higher education has become an arms race — which waters down…