Don’t forget the staff are partly being paid in exciting work, the respect of their EA peers, a sense of purposefulness, and so on. As a result compensating differentials lowers the market price for their labour, and they are more well compensated holistically than they appear to be.
Conversely, bankers do work most people find boring and difficult, face hostility from much of the population, frequently think their work is pointless, and so on. As such compensating differentials increases the market price for their labour, and they are less well compensated holistically than they appear to be.
Don’t forget the staff are partly being paid in exciting work, the respect of their EA peers, a sense of purposefulness, and so on. As a result compensating differentials lowers the market price for their labour, and they are more well compensated holistically than they appear to be.
Conversely, bankers do work most people find boring and difficult, face hostility from much of the population, frequently think their work is pointless, and so on. As such compensating differentials increases the market price for their labour, and they are less well compensated holistically than they appear to be.