Phil Precisely my point. While I've learned that people in power often say "money isn't everything" right before they exploit you, on some level they're correct. Choosing a job or career solely based on how much it pays isn't the right way to do it. Enjoying what you do for a living is important. But you were saying that the son somehow deserves the $400,000 a year job. I was saying he didn't do anything to earn it other than be born to his father. The father may well deserve to have his son in a good career, and he may be the sort of self made CEO who's worth the big bucks, but that doesn't mean the son is. Exactly what I was saying. I lived in Queens in 1997-1998. The rent there was still much higher than comparable places in Houston. Everyone looks for what they can afford and they look for the best in what they can afford. I found that the good apartments with rents I could afford were 1500 miles away from New York. Granted it wasn't that simple - I left New York originally to attend grad school, and rent is the reason I never moved back, but I digress. To return to topic of the original post - the failure of Wal Mart to pay its employees wages that are compebreastive with those at Costco tells me, as I'm sure it tells you, that perhaps Wal Mart employees should use their experience at Wally World to get better paying jobs at Costco. It parallels the decision to move to a city with more affordable housing. (The chart referenced in the original post suggests that Wal Mart employees with brains are doing exactly that - how else do you explain the 21% turnover rate at Wally World compared to the 6% turnover rate at Costco).
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