Sort of. The younger you are, the lower your salary because your experience level is low. People don't get the benefit of the doubt and start off earning less than they are really worth. The ones who prove themselves quickly move up. Think about it this way: someone with 2 years of experience has twice the experience as someone with 1 year. Someone with 6 years of experience only has 20% more than someone with 5.Interesting real life example of how things work. The other poster said he was 31 and getting better like all his friends. So the older you are the harder it is to find the good job ?
Also, the younger you are, the more of a clean slate you are. You can try 50 different jobs for your first job, all at about the same salary. If you've worked in one job for a long time, you expect a certain salary for your next job based on your experience - but if you change to a completely new career, you would be starting over from scratch. You pigeonhole yourself when you select a career. How old are you? - this is a simple fact of life that anyone who has worked a real job really should know, regardless of what country they are from.
$50k isn't enough for him (it wouldn't be enough for me either) - so he's applying to law school. And I think most paralegals have college degrees (not certain of that).Then if all you need is 3 months para-legal course to land 50,000 dollars why go to college ?
It isn't, but...I think it is a fluke case.
Bingo. And that's what you are doing - generalizing based on a few anecdotes. You need to start looking at statistics (I only provided anecdotal counterexamples because you asked, to show they do exist).The point is they are all fluke cases, maybe the concept of generalizing in economics is fundamentally flawed.
There is a general rule - you just can't get it from anecdotes.There are a million examples showing hard lives and poverty even after "working hard" and a million examples of the opposite. There probably is no general rule.
You're making up anecdotes and saying statistics don't mean a thing? No - your made-up stories don't mean a thing. Statistics tell what is really going on.Then the guy who is worth 100,000 dollars to his company, does that imply 80 hour work weeks? then he is actually making 50,000 dollars for a standard 40 hour week. And how much is the stress and surely crappy boss that just wants him to stay until midnight cost ? I am just guessing but there are many variables. Your statistics don't mean a thing.
You didn't even bother looking at the statistics I posted, did you? Any idiot knows that just taking an average of a wide set of data gives a useless answer. That isn't what the statistics I posted show (it is more than just median - they break up the country into blocks of fifths). Look at them.If you got a thousand people making 1000 dollars a year and one making a billion, then the average is a million dollars a year but no one is making it. So beware of numbers and false impressions and generalizations and economic theories in general. They are all deeply flawed.
If you keep your blindfold on, you will never be able to see the truth (and maybe that's what you want...?).