Why Do Prostitutes Earn More than Architects?

From Freakonomics:
"... when there are alot of people willing and able to do a job,
That job generally doesn't pay well.
This is one of four meaningful factors that determine a wage.
The others are specialized skills a job requires,
The unpleasantness of a job,
And the demand for services that the job fulfills.

The delicate balance between these factors helps explain why,
For instance, the typical prostitute earns more than the typical architect.
It may not seem as though she should.

The architect would appear to be more skilled (as the word is usually defined),
And better educated (again, as usually defined).
But little girls don't grow up dreaming of becoming prostitutes,
So the supply of potential prostitutes is relatively small.

Their skills, while not necessarily 'specialized',
Are practised in a very specialized context.
The job in unpleasant and forbidding in at least two significant ways:
The likelihood of violence,
And the lost of opportunity of having a stable family life.

As for demand?
Let's just say an architect is more likely to hire a prostitute than vice-versa."


Although I can't say I agree with everything,
That SDL and SJD had written,
I must admit that the last two sentences,
Made me laugh out loud in agreement.

Another important note to make about today:
My company's joint entry with another architecture firm,
Has been selected as the top five entries,
To enter the second stage of the NAG competition.