Baumol effect

A rising tide lifts all boats, but first you must have a boat, lest you drown.

The salary increase in sectors of the economy that have no significant increase in productivity, will match sectors of the economy with significant increase in productivity, if employees have both as alternatives.

People are not paid based on the value they bring, but based on alternatives forgone.

If you improve the value of your alternatives, you improve your current pay.

The trick in commanding better pay is creating better alternatives.

How do we create better alternatives?
By creating time, daily, for work on an alternative. Compounding will do the rest.

– Osasu Oviawe

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