Wednesday, November 16, 2011

12. Why do you think only a small percentage of the population makes over $150K?

A small percentage of the population makes over $150K because employers are selective in distributing such salaries and require an investment of unique skill or time or talent in the acquisition of clients and revenues before giving such a salary. There are opportunities to make this salary in nearly any industry. Some industries will pay the salary to entry-level employees and other industries will pay the salary to highly experienced employees only. Some industries are accessible to a small percentage of the population because there are hurdles such as the years of education required or that employers value job candidates who have been educated at a few elite institutions. Many people would never choose a job paying a salary of $150K if they valued a certain amount of time with children and their husbands or wives and felt that the time and obligations required in exchange for the salary were a threat to what they valued more. Some people have goals for their lives that cannot be satisfied by a salary of $150K. Some people are dedicated to developing their skill at the piano, in comedy, at basketball or hockey, or in dance and the salary of $150K is irrelevant to them. They do not set a goal of achieving this salary. Some people have few educational opportunities or fail to take advantage of them. Some people are concerned with survival rather than with higher levels of achievement -- perhaps because of the circumstances of their family of origin. The world is full of people with different abilities, different values, making different choices and a salary of $150K is not a goal for many people.

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