Law of Compensation: Supply and Demand
As a refresher, the law of compensation states that the amount of money you earn is always in exact ratio to: 1. The need for what you do. 2. Your ability to do what you do. 3. The difficulty there is in replacing you. So, the question comes down to, is there a great need for what I (or you) do? If there is, then that's a good step towards getting more money. If there isn't a great need, then it won't matter how good you are you won't earn lots of money. If there is a need, especially a great need, for what you do, then you (or I) need to become really good at it. The better we become at what we do, the more value we can command and will receive, if there's a great need for what we do. There may be a lot of others working in that field, usually because there's a high demand and need. But if you're among the best, or the best, you are more valuable. This leads to the third part. The better you are at what you do, the more valuable you become, then the diffi...