I think that economics majors end up making more money pretty much because economics majors end up getting employed in areas that manipulate the flow of money. In short, econ majors are more likely than other majors to be involved in the exchange of money. And having that much access to money changes the way you think. It makes you think more strategically and more rationally. It inclines you to value things that can be easily quantified (like cost, income, time) more than things that are not so easily quantified (like happiness, quality of life, and moral motivations). Because you end up thinking more strategically and rationally and really focusing on things... (read 794 more words →)
I think that economics majors end up making more money pretty much because economics majors end up getting employed in areas that manipulate the flow of money. In short, econ majors are more likely than other majors to be involved in the exchange of money. And having that much access to money changes the way you think. It makes you think more strategically and more rationally. It inclines you to value things that can be easily quantified (like cost, income, time) more than things that are not so easily quantified (like happiness, quality of life, and moral motivations). Because you end up thinking more strategically and rationally and really focusing on things... (read 794 more words →)