“You get what you pay for.” It’s a well worn cliché in capitalistic societies, for a very good reason. It is usually true.
If you hire a cheap lawyer, mechanic or tattoo artist, they are disproportionately likely to do a worse job than a more expensive lawyer, mechanic or tattoo artist. Not always, but often.
Therefore, what are we to make of this: The median annual income of someone over 25 years old who has a bachelor’s degree and a full-time job is $56,078 per year, but duly elected members of the Minnesota legislature are paid only $31,141 per year. Continue reading