The Value of Hard Work

I was thinking recently about the value of hard work versus the value of easy work. My thoughts where coming from a place and angle of economics. Something that is easy to do would have an increased supply. It's value would then be almost solely determined by demand factors. You see this happen a lot in games. It's easy to go to a tanner to tan some raw hides you got from players only to turn around and sell them back to players for profit. The demand there is convenience. But how about in the real world? Most of the time if it's easy to do it's almost worthless. Of course there are some exceptions to this but all in all it's rings true in most situations.

So if something is hard, is it more valuable? Certainly the supply is limited so it would again fall to demand to determine it's value. But is difficulty not determined by individual perception? What may be hard grueling work to some may be a breeze to others. In this situation can we simply use failure rates to gauge how hard something is? They do this with colleges frequently. 50,000 applications go in and only 1,000 are accepted. They tell you to send in that application to Harvard because they know that, in this example, most will fall into the 49,000 number. But that can be inflated. Think about it, if I wanted to make my institution seem elite and hard to get into, would I not set up artificial barriers to entry? It's like studying to become a pharmacist and having to know, and pass, organic chemistry. The reward? Counting pills all day and dealing with doctors, drug dealers- I mean pharmaceutical companies, and customers who can act like children.

So would a position like a pharmacist be coveted and highly paid because it was hard? Indeed they perform a vital function but again most of what they're doing is counting pills and customer service. That's something any competent person from retail can do.

What about programing? That's hard and many people fail to wrap their head around the concept. Is them hiring a programer based out of convenience? So would the key to making a lot of money be finding something that a lot of people fail at and that a lot of people want and just doing it? And slowly building up the reputation for being know for that one thing? Is that the key to prosperity?

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