Have you stopped to think about why you exchange money for something? Why do employers exchange with workers when they give them paychecks? Realize that money comes as a byproduct of giving valuable goods and services to someone else.
When you learn more and acquire increasingly difficult-to-master skills, you can expect better compensation (and promotions) for the new services you offer your employer or customers.
Supply and Demand
It’s simply the law of supply and demand. Why do most mid to large size companies always have job openings for engineers or information technology positions? Those skill sets are in high demand but short supply. That’s why their average salaries dwarf the average income of other employees.
We don’t earn much money for frying hamburgers or sacking groceries because those tasks are easily performed. In addition, the number of people who can do those things is much higher than those who engineer or computer. As available supplies of a skill or ability increase, the amount employers or customers might pay for that service go down.
Define Yourself
If you want better compensation or a promotion, you need to offer a service that is in higher demand but shorter supply. Find out what those skills and abilities are. Buy a book, find a tutor, be an apprentice, or enroll in a class to master those better-compensated tasks.
Focus on learning the skill. Don’t worry about the money you want. The higher wages will come as you can offer those services that are in higher demand. You can earn more money as a result of giving better services to employers or customers.
