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Salary
by Sunil B on Mar 23, 2006 08:42 AM

" The income each person gets through the market is determined "

Essentially an individual who is selling his services is worth what the market is willing to pay.

Also the price that the market sets on the services of resources is affected by a bewildering mixture of chance and choice.
Frank Sinatra's voice was highly valued in Twentieth Century United States. Would this be as valuable in 21st century India ?
If he were to be born in india would he have been so successful ?

Mostly the choices made by the consumers of services that will determine the relative market prices of different items.



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Yeh aaj kal ki IIM salaries...