The Tradeoff Between Fun and Wages
- Title:
- The Tradeoff Between Fun and Wages
- Description:
-
more » « less
If you had to choose, would you rather be a sewer inspector spending your days underground or a lifeguard on the beach? Most would say that being a lifeguard is a more fun job, but a sewer inspector has higher wages to compensate for the less-fun aspects of the job. In this video, we discuss the tradeoff between fun and wages and show how this illustrates that “There ain’t no such thing as a free lunch!"
Microeconomics Course:http://mruniversity.com/courses/principles-economics-microeconomic
Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/tradeoff-wages-no-such-thing-as-free-lunch#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/compensating-differentials-wages
- Video Language:
- English
- Team:
Marginal Revolution University
- Project:
- Micro
- Duration:
- 02:57
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Yen Le edited Vietnamese subtitles for The Tradeoff Between Fun and Wages | |
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Martin Tan edited Chinese, Traditional subtitles for The Tradeoff Between Fun and Wages | |
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Martin Tan edited Chinese, Traditional subtitles for The Tradeoff Between Fun and Wages | |
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Martin Tan edited Chinese, Traditional subtitles for The Tradeoff Between Fun and Wages | |
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Martin Tan edited Chinese, Traditional subtitles for The Tradeoff Between Fun and Wages | |
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Taufiq A edited Indonesian subtitles for The Tradeoff Between Fun and Wages | |
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Taufiq A edited Indonesian subtitles for The Tradeoff Between Fun and Wages | |
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Taufiq A edited Indonesian subtitles for The Tradeoff Between Fun and Wages |