Salaries can often reflect the value society places on a given service or skill. However, higher paying positions often attract greater interest than those that pay less. Let's examine the various factors that can determine what a job pays. Take for example a cashier in a grocery store and a doctor. They both perform a needed service.
Education plays an important role in job choice.
However, obtaining a college or advanced degree requires certain sacrifices. As the cost of higher education rises, more and more people work while they go to school. They may also take out loans from a financial institution, which they will have to pay back after finishing school. Education is not the sole factor in determining salary levels. Sometimes, a job may pay less than other jobs with similar education or skill requirements.