[riskneural]

Adam Smith's five reasons to get paid more:

1. Skill. Over the long run, jobs that require higher skill will attract higher wages, or else people won't bother to spend the costs acquire the skills for the job.

2. Accountability. All equal, you'll take the job without personal consequences when things go bad.

3. Wholesomeness. Undertakers get paid more. Butchers get paid more than bakers. If it sounds cool at a party, expect to get paid less. Supply and demand.

4. Job security. Essentially, you need a higher wage for an unstable job than a stable job. Risk premium.

5. Physical danger. Yes, a lumberjack will get more danger money than a programmer. However, you'll demand a higher wage for a programming job with crazy hours and the only food in the building is a snack machine with cinnamon buns which have no expiry dates.