Barriers to Exit

Skills and Knowledge have barriers to entry, and barriers to exit. To make money, you need a product (a problem someone with money has that you can solve) and a container (a way of charging for the solution with barriers). You don’t get paid for value/worth. You get paid based on the supply of solutions and demand for the problem being solved. You get paid based on the barriers. If the price is attractive enough, the supply will adjust. More people will gain the necessary skills and knowledge. If the price falls because there lots of solution providers, some will look elsewhere. A problem comes when people have defined themselves by their skills/knowledge. They don’t want to shift elsewhere. One of the barriers to exit is to refuse to acknowledge the information carried by the market price. Price doesn’t tell you whether what you do is valuable. It does tell you whether what you do is scarce or plentiful. Don’t confuse scarcity with self-worth. Creating the ability to adapt and adjust to things that don’t matter, can allow you to hold on to the things that do.