We’re talking about suits, government administrations… oh my!!!
Be honest to yourself!
why do you think this industry pays so well?
Because we’re smarter than everyone else? No. It’s because we’re supposed to deal with downturns.
This is oil & gas.
Downturns have been part of our DNA since the Drake Well was drilled more than 160 years ago.
We’ve seen them before, and we’ll see them again.
Actually there’s some truth to that. If a job is riskier it generally pays better to attract people. No American deep sea diver works for minimum wage.
Not sure it is a "stupid comment".... just a little over-simplified.
"The Market" should, in fact, take into account employment volatility.
However, the premium, I would agree is not because you're "better". It is to make you an advocate for the industry and to deafen your ears to anything that threatens profits.
You're welcome.
@OP Look everyone, an omnipotent manager has added their take on what makes them feel good about laying off folks!
The devil has enough advocates.
Stupid comment. Pay is determined by the market, not by the potential for downturns.