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Experiment
Theory: Rational based people with few resources would not choose a flying or similar career when given the opportunity no matter how fun it was.
Test: Ask a blue collar worker a question. If you were to win 200K in the lottery would you; buy a house, invest in the stock market or spend it and most of a decade in school, training and low wage experience building jobs in order to get to a position that pays 60K (or slightly more than they are currently earning)? I don't want to spoil your results by telling you what I have found. SkyHigh |
Is this one of those future value of money/opportunity cost questions :p
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I'd pay you off so I didn't have to listen to you anymore. Then I'd pay off my loans.
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you asked Blue Collar workers?
Did anyone choose "Find nearest ATM, get 10,000 dollars in $1's and head to the strip club." ?? |
Strip club
Originally Posted by UnlimitedAkro
(Post 339834)
you asked Blue Collar workers?
Did anyone choose "Find nearest ATM, get 10,000 dollars in $1's and head to the strip club." ?? SkyHigh |
Originally Posted by SkyHigh
(Post 339844)
Are we talking about blue collar workers or pilots? :D
SkyHigh If it was pilots they would have only been able to take out about $50 in $1's because they would have to pay off the house, cars and boat with the lottery winnings. Plus, the pilot would have gone to the BAR first! |
fun?
Intangibles like respect, responsibility, public image, job challenge, and job satisfaction enter into the equation for pilot wages more than in other fields and pilot compensation more complicated than just a dollar total. Beyond the level of wages required to sustain a modern standard of living, it is almost impossible to quantify a need for additional pay. Like the CEO of a large corporation, additional pay is based on what is perceived by the company to stimulate respect from customers and interest in the services or products. This in turn is a reflection of the current value structure in society.
Your experiment is flawed due to sample bias because blue-collar workers are less aware of and less interested in the intangible forms of pay connected to professional work. To make a valid study you would need a representative cross-section from the overall population, preferably a cross section of college graduates with similar backgrounds to the people you wish to study. To simply find a group of blue collar workers who says pilots aren't paid well who would rather have simple objects instead of an airline career is misleading and is poor science. It's a valid topic but it requires better method. |
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