The Trade-Off Between Fun and Wages Is Real

Abstract: Choosing a job or career can be daunting because there are so many factors to consider. Most of the time, we compare the costs of getting a job, such as how much schooling it requires, how difficult the application is, etc., against just one benefit—the salary. In this article, we move beyond the pay and introduce several tangible and intangible benefits to consider when selecting a job.

Keywords: trade-offs; wages;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2023-10

Pages: 4 pages