Many jobs have spillover effects on the rest of society. For instance, the value of new treatments discovered by biomedical researchers is far greater than what they or their employers get paid, so they have positive spillovers. Other jobs have negative spillovers, such as those that generate pollution.
A forthcoming paper, by economists at UPenn and Yale,1 reports a survey of the economic literature on these spillover benefits for the 11 highest-earning professions.
There's very little literature, so all these estimates are very, very uncertain, and should be not be taken literally. But it's interesting reading.
Here are the bottom lines – see more detail on the estimates below. (Note that we already discussed an older version of this paper, but the estimates have been updated since then.)
(Emphasis in original retained.)
At the top, researchers who generate +$950,440 in positive externalities; at the bottom, financiers who generate -$104,000 in negative externalities. In a glaring omission, telephone sanitisers were not listed.
(Score: 4, Insightful) by aristarchus on Thursday June 29 2017, @06:01AM (1 child)
Cesare Beccaria, On Crimes and Punishments, chapter XLII
In this regard, several modern nation-states are in bad shape!
And:
Aristotle, Nicomachean Ethics IX:1
And, oh, nothing for me, thank you. After a certain point, compensation seems just, um, kind of dirty.
(Score: 0) by Anonymous Coward on Thursday June 29 2017, @11:38AM
Ill take your share then, since you dont want it.