If high pay is partly intended to compensate for risk, stress and long hours then we would expect dangerous jobs to be well rewarded. Fishing is the most dangerous job in Britain, with roofers and scaffolders also high up on the danger list, and waste recycling collectors are at number 18. Yet in none of these industries are rank-and-file workers highly paid.
Fishermen, roofers and scaffolders *are* highly paid…..compared to other jobs that require the same levels of human capital. It\’s actually one of the poster children of the study of different wage rates. That those doing dangerous jobs get a wage premium for the danger of their jobs.