Someone might expect a job as a college professor to pay a wage lower than the wage one could receive in the private sector because of

Question

Quizplus · Accepted Answer

College professors often have positive compensating differentials, which are non-monetary benefits that make the job more valuable than just the wage alone. These benefits may include job security, flexible schedules, intellectual stimulation, and the opportunity to shape the minds of the next generation. While the wages may be lower than some private sector jobs, the positive compensating differentials may make up for it.

Someone Might Expect a Job as a College Professor to Pay