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The Simple Economic Theory That Explains Whether You’ll Have a Great Career - Scott H Young

scotthyoung.com · 952 words · saved by 1 readers

Applying Econ 101 to understand why some people have great jobs ... and others don't.

In the last lesson , I explained why focusing on irrelevant details obscures the true driver of professional success: career capital. But the connection between career capital and a great career isn’t always obvious. Why does the owner of a car dealership tend to make more than a nurse or a teacher? Why would most people struggle to make a living as an artist, but the guy who put a taxidermied shark in a tank is worth nearly half a billion dollars? The basic answer of whether you’ll have a great career can be understood in terms of the simple economic concept of supply and demand. Supply-and-D

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