Does, 'What the professional earn' reflect their skills, experience and the overall competency?
If NOT, then what derives what they earn?
It is a common habit of the salaried-professionals to think, something like this,
"I'm earning 25k/pm now,
next year, it will be 30k/pm...,
like wise, in 10 years, I'll be earning ₹100k/pm...", and like wise...!
They assume that every year their income is going to grow, for sure! They keep raising their status too accordingly...!
Typically, majority of people have a habit of exhibiting/boasting to be richer than what they really are! Thus, most of the time, they end up in buying the goods, what they either can't really afford, or buying it won't be a wise economical decision, from any angle!
When I ask these people, "What if you don't keep getting raise in the salary, year over year?"
They, bluntly, without taking any pause for thinking, answer, "I'll change the job! Then surely, I'm bound to get a higher salary!"
Really?
Frankly speaking, this is their ignorance, what makes them over-confident...! Yes, and for that matter, Indians (for that matter Easterners, with a few exceptions like Japan) are over-confident, always, anyways...!
They've contributed nothing to the world, compared to what they are consuming, what's contributed by others, typically, the westerners, but they are (over) confident, like Iraq was confident of fighting a war against US!
They have no plans, no strategies, no investments in oneself..., but they are (over) confident!
They also are confident while making mistakes too, like but not limited to spitting at the public places, driving from the wrong side and all day to day manifestations of, "We are still Evolving as Humans..., we are still monkeys..., who can't be expected to be civilized!", by saying, "Who has the guts to point out our mistakes?" and like...! They are ready to get into a fight, though, they, themselves are wrong!
Anyways, coming back to the original questions,
"Can they really expect salary raise, year over year?"
"If they don't get the raise in the current job, are they going to get the raise, by changing jobs?"
Unfortunately, the answer is "NO", a big, "NO"!
This belief of assured Salary-Growth has come from the ignorance, the lack of knowledge of even the fundamental economics and the market dynamics...!
Ok, so let's see, what's this fundamental economics or the market dynamics? Am I using these terms, just as the jargon to impress people? Let's see...!
How the Salaries are set? Why not more than what they are? Or for that matter, why not lower than what they are?
Salary is nothing but the "Price" for the services, you offer!
Then how the prices are decided?
Ok, let's see, how the price of the Onions, the most common commodity, with the most fluctuating prices, is decided...!
At one time the Onions are sold at ₹5/Kg, and the other time those are sold at ₹100/Kg...!
Why?
Why do people buy Onions at ₹100/Kg also, while they are available at ₹5/Kg also, at times?
For that matter, why sellers sell it at ₹5/Kg also, while at times it can be sold for ₹100/Kg also?
Welcome to the world of Economics...! This is the fundamental law of the Economics..., "Prices get set (yes, "Gets Set", and nobody can "Decide") by the dynamics of Supply and Demand"!
More the supply is (compared to demand), lower would be the prices; and more the Demand is (compared to supply), higher the prices will be...!
So this is the basic Supply-Demand equation, what derives the prices of the Onions...!
This is exactly how the "Salaries" (The "Price" for the professional service) too are derived..., and not "Decided", by the market dynamics of Supply-Demand equation!
So, what would happen, when there are more professionals in the market, with less # of companies requiring their services?
Yes, you guessed it right, the "Salaries" will go down...! Shock?
Will changing the jobs help?
If you believe, there would be some Morons in the market, who can purchase Onions at ₹100/Kg, while they are freely available at ₹5/Kg, everywhere..., then yes..., "Changing Jobs" would help...!
But do you think, there would be enough Morons in the market to support all such Job-Switches...? Do you think, those Morons won't realize their wrong-purchase, sooner or later? Will these Morons sustain in their own business..., when they purchase input services, goods, at such exorbitant, much higher than market-price, prices?
NO! So, changing jobs also won't help, either! Another shock?
Now, let's have a look at Potatoes! While Onions were being sold at ₹100/Kg, the humble Potatoes were still being sold at ₹20/Kg...!
Why?
Are Potatoes any inferior to Onions? No!
Are Potatoes any less nutritious compared to Onions? No! Rather Potatoes are far more nutritious, compared to Onions...!
Are Potatoes are any less capable than Onions? No! Rather they are more capable than Onions, by means of being more sustainable, by being less perishable, compared to the Onions, which perish faster!
Rather Potatoes, being more sustainable, by being less Perishable, see a more stable market-price, though, the price might be much lower, compared to the Onions, at times!
Onions, on the other hand, get to see much Highs, compared to the Potatoes..., but then it happens to see much and many Lows too, compared to the Potatoes...!
So, it is nothing "Personal" about the Onions or the Potatoes..., or their individual capabilities, but it's more about the Market-Dynamics, which keeps changing, on a daily basis!
So, it's nothing that "Onions" should start feeling proud about, when they are being sold at ₹100/Kg, or nothing that "Potatoes" should feel inferior about, lowering its self-esteem because those are being sold at mere ₹20/Kg!
It's not the "Onions" or the "Potatoes", but the Market Dynamics, what is deriving the rates for the Onions and the Potatoes...!
Likewise, the Professionals too are the "Market Commodities", prone to all the laws of the economics and the market dynamics...!
Sooner they know about this, better sustainable, they can be!
If NOT, then what derives what they earn?
It is a common habit of the salaried-professionals to think, something like this,
"I'm earning 25k/pm now,
next year, it will be 30k/pm...,
like wise, in 10 years, I'll be earning ₹100k/pm...", and like wise...!
They assume that every year their income is going to grow, for sure! They keep raising their status too accordingly...!
Typically, majority of people have a habit of exhibiting/boasting to be richer than what they really are! Thus, most of the time, they end up in buying the goods, what they either can't really afford, or buying it won't be a wise economical decision, from any angle!
When I ask these people, "What if you don't keep getting raise in the salary, year over year?"
They, bluntly, without taking any pause for thinking, answer, "I'll change the job! Then surely, I'm bound to get a higher salary!"
Really?
Frankly speaking, this is their ignorance, what makes them over-confident...! Yes, and for that matter, Indians (for that matter Easterners, with a few exceptions like Japan) are over-confident, always, anyways...!
They've contributed nothing to the world, compared to what they are consuming, what's contributed by others, typically, the westerners, but they are (over) confident, like Iraq was confident of fighting a war against US!
They have no plans, no strategies, no investments in oneself..., but they are (over) confident!
They also are confident while making mistakes too, like but not limited to spitting at the public places, driving from the wrong side and all day to day manifestations of, "We are still Evolving as Humans..., we are still monkeys..., who can't be expected to be civilized!", by saying, "Who has the guts to point out our mistakes?" and like...! They are ready to get into a fight, though, they, themselves are wrong!
Anyways, coming back to the original questions,
"Can they really expect salary raise, year over year?"
"If they don't get the raise in the current job, are they going to get the raise, by changing jobs?"
Unfortunately, the answer is "NO", a big, "NO"!
This belief of assured Salary-Growth has come from the ignorance, the lack of knowledge of even the fundamental economics and the market dynamics...!
Ok, so let's see, what's this fundamental economics or the market dynamics? Am I using these terms, just as the jargon to impress people? Let's see...!
How the Salaries are set? Why not more than what they are? Or for that matter, why not lower than what they are?
Salary is nothing but the "Price" for the services, you offer!
Then how the prices are decided?
Ok, let's see, how the price of the Onions, the most common commodity, with the most fluctuating prices, is decided...!
At one time the Onions are sold at ₹5/Kg, and the other time those are sold at ₹100/Kg...!
Why?
Why do people buy Onions at ₹100/Kg also, while they are available at ₹5/Kg also, at times?
For that matter, why sellers sell it at ₹5/Kg also, while at times it can be sold for ₹100/Kg also?
Welcome to the world of Economics...! This is the fundamental law of the Economics..., "Prices get set (yes, "Gets Set", and nobody can "Decide") by the dynamics of Supply and Demand"!
More the supply is (compared to demand), lower would be the prices; and more the Demand is (compared to supply), higher the prices will be...!
So this is the basic Supply-Demand equation, what derives the prices of the Onions...!
This is exactly how the "Salaries" (The "Price" for the professional service) too are derived..., and not "Decided", by the market dynamics of Supply-Demand equation!
So, what would happen, when there are more professionals in the market, with less # of companies requiring their services?
Yes, you guessed it right, the "Salaries" will go down...! Shock?
Will changing the jobs help?
If you believe, there would be some Morons in the market, who can purchase Onions at ₹100/Kg, while they are freely available at ₹5/Kg, everywhere..., then yes..., "Changing Jobs" would help...!
But do you think, there would be enough Morons in the market to support all such Job-Switches...? Do you think, those Morons won't realize their wrong-purchase, sooner or later? Will these Morons sustain in their own business..., when they purchase input services, goods, at such exorbitant, much higher than market-price, prices?
NO! So, changing jobs also won't help, either! Another shock?
Now, let's have a look at Potatoes! While Onions were being sold at ₹100/Kg, the humble Potatoes were still being sold at ₹20/Kg...!
Why?
Are Potatoes any inferior to Onions? No!
Are Potatoes any less nutritious compared to Onions? No! Rather Potatoes are far more nutritious, compared to Onions...!
Are Potatoes are any less capable than Onions? No! Rather they are more capable than Onions, by means of being more sustainable, by being less perishable, compared to the Onions, which perish faster!
Rather Potatoes, being more sustainable, by being less Perishable, see a more stable market-price, though, the price might be much lower, compared to the Onions, at times!
Onions, on the other hand, get to see much Highs, compared to the Potatoes..., but then it happens to see much and many Lows too, compared to the Potatoes...!
So, it is nothing "Personal" about the Onions or the Potatoes..., or their individual capabilities, but it's more about the Market-Dynamics, which keeps changing, on a daily basis!
So, it's nothing that "Onions" should start feeling proud about, when they are being sold at ₹100/Kg, or nothing that "Potatoes" should feel inferior about, lowering its self-esteem because those are being sold at mere ₹20/Kg!
It's not the "Onions" or the "Potatoes", but the Market Dynamics, what is deriving the rates for the Onions and the Potatoes...!
Likewise, the Professionals too are the "Market Commodities", prone to all the laws of the economics and the market dynamics...!
Sooner they know about this, better sustainable, they can be!
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