Perceived value of employment and quality of school districts are two factors affecting personal income in our communities.
Ball State University recently released a study on personal income in Indiana. I was one of the authors of this study, which detailed the wide variation in the standard of living across counties in Indiana.
The study was a solid piece of work, thanks to the insight of many colleagues, but in the ensuing news coverage and discussion there are at least two points that need reinforcing.
First, wages are the result of market forces. The amount of money one earns is not a measure of the importance of your job, or how much you are loved. Rather it is the result of how much your employer values your contribution to work, and how many other people like you are in the labor market.
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