[Cosmo]

Great article.

[ModelBreaker]

Many observers who say that they cannot understand how anyone can be worth $100 million a year do not realize that it is not necessary that they understand it, since it is not their money.

LOL. What a great and pithy statement.

[jazusamo]

Dr. Sowell's Basic Economics should be required reading of every US Senator.

[MarkL]

I once had a conversation with the principal of a grade school. He had called my company to troubleshoot a computer network. Way back then, the "going rate" for a "network engineer" was $75 an hour. When he was told that would be the rate he was going to be billed, he exclaimed that he only paid a plumber $35 an hour! My response was, "So get your plumber to straighten out your damned network."

This is also why you can find a web programmer in silicon valley for just over minimum wage, but finding a good plumber, HVAC tech, or finishing carpenter is going to really cost you. It has to do with the relative value of certain skills, and just how scarce those skills are.

There's an old joke where the punchline is,

Total service fee: $5000.

Hitting the pipe with the hammer: $5.

Knowing where to hit the pipe with the hammer: $4995.

Mark

[gas0linealley]

Great article.

If you like apologies.