"the salaries of pastry makers in the Chicago area do not appear to have budged much, if at all. The key to this puzzle tells us a lot about why the American economy isn’t necessarily behaving the way workers have traditionally assumed. ... Employers, according to those in the industry, have increasingly turned to less experienced workers to ensure the flow of sweets" The drive to employ cheaper, okay workers in acti…
Does a more expensive pastry chef produce more expensive pastry? Or can a more experienced chef produce higher volume also? If the cost of the pastry increases with the cost of the chef, then it's entirely reasonable that there is a lower demand for more expensive pastry and therefore a lower demand for more expensive pastry chefs. With software development it's a little different - it's entirely possible for a more…
This is what's in play when you see a line out the door at some shop. The prices may not be that much more expensive, but the quality is that much better.