Why Are Some Occupations Paid More Than Others

Table of Contents

Trends in the labor marketWhat factors affect supply & demandWhy do actors earn moreWhy do hedge fund executives make moreOther influencing factorsOther jobs that have the best mix of salary & other characteristics that individuals care about

Construction Employment 10 Year Trend

Supply and Demand

The construction industry is a cyclical industry.Rising incomes = rising demand for new construction.Lower income = conservative spending and reluctance to start new projects or build new construction.The economy affects decisions to invest in new real-estate, which in turn affects the demand patterns seen by construction companies.

Actors/Actresses

A-List Actors/ActressThe Average Union Actor

Hedge Fund Executives

Aggressive Strategies2-20 Fee Structure

Other Influencing Factors

Personality TypeCulture & Religious Beliefs FamilyPrevious Experiences Skills & AbilitiesSocial & Economic ConditionsGender

Mix of Salary & Characteristics

Facebook: 4 Months paid maternity leave. Free meals. Unlimited sick days. GOOGLE: Free food, massages and haircuts. Doctors onsite.CostCo: Part-time employees qualify for insurance. Free samples.

References

11 Reasons to Love Costco that have Nothing to do with Shopping https://www.huffingtonpost.com/2013/11/19/reasons-love-costco_n_4275774.htmlAnonymous (2015). Why and how do hedge fund managers make so much money? https://www.Quora.com. Calnan, Marianne. 2015. Robert Downey Junior is Hollywood’s highest-paid actor. Employee Benefits; London. Centaur Communications Ltd. United Kingdom, London.Facebook Employees Favorite Perks https://www.thestreet.com/story/13371353/1/facebook-employees-favorite-perks-here-s-8-of-the-best.html Hadi, A. (2011, April Day). Monthly Labor Review: Construction employment peaks before the recession and falls sharply throughout it. . Retrieved from https://www.bls.gov/opub/mlr/2011/04/art4full.pdfJohn Ohkuma, Film & Television Actor at SAG-AFTRA (2013-present). Why do actors get paid so much? https://www.Quora.com. Peiffer, E. (2017). Construction Dive. Retrieved from https://www.constructiondive.com/news/construction-industry-trends-2017/433151/Pfeiffer, S., & Healy, B. (2015, May 08). In tough year, hedge fund leaders still paid well. Boston Globe Retrieved from https://search-proquest-com.contentproxy.phoenix.edu/docview/1679357720?accountid=35812