Marginal product?

by Tyler Cowen on June 10, 2009 at 2:56 pm in Data Source | Permalink

Australian Navy submarine cooks may make more money ($160k) than some admirals.

That's from www.geekpress.com. Alternatively, what would Adam Smith say?

19 comments

Lisa June 10, 2009 at 3:52 pm: Hey, YOU try making coq au vin and chocolate souffle in a kitchen the size of a broom closet!
Sean June 10, 2009 at 4:20 pm: I’d quit my $90K office drone job in a minute to flip burgers on a sub for that kind of money.

They could offer half that and scoop up skilled responsible chefs that would work in submarine conditions for three month rotations. This is unchecked government spending.
Leigh Caldwell June 10, 2009 at 5:23 pm: “The situation is further complicated by a booming economy”.

Problem solved!
Greg Ransom June 10, 2009 at 6:56 pm: Many firemen in OC, California make $160,000 — and retire at full pay at age 50. Beat that for blue collar pay.
Melvin June 10, 2009 at 7:05 pm: Is it not just that the set of all people who can and are willing to spend long periods of time underwater, and in addition capable of and willing to run a kitchen with limited resources, is a subset of the people who can and are willing to spend long periods of time underwater, all other things equal?
farmer June 11, 2009 at 7:20 am: to be fair, that’s 160 oz bucks. still, though, that’s like 130-ish us $
Careless June 11, 2009 at 1:56 pm: A good cook thin enough to fit on a sub? That does sound expensive.
Matt June 11, 2009 at 5:43 pm: Hard to satisfy customers who aren’t happy. Small cramped kitchens. Sound like any of NYC restaurant’s kitchens.
Dirk June 13, 2009 at 3:39 pm: “Prior to the U.S. government nationalizing the financial sector, those Wall St. banks where private entities, so who cares what they are paying their employees?”

I hope you’re trolling, because I feel sad for a society which includes people who think like that.
torrent July 31, 2009 at 9:03 pm: Sincerely,i do not think it works.. ^^
poker en ligne July 31, 2009 at 9:06 pm: You don’t imagine what a good marketer can do for your enterprise.Serious.
parie en ligne July 31, 2009 at 9:09 pm: Yes,that is the marginal revolution !
video July 31, 2009 at 9:12 pm: And what will they do with what they earned ?More war ?
bonus July 31, 2009 at 9:14 pm: They will spend it with GF,
imagine if you paste 6 month a year far you wife and family ?
They are mens ^^
video July 31, 2009 at 9:16 pm: Coud you say that to them ?
clip July 31, 2009 at 9:22 pm: No,it is a shame for them to beat a civil,
our marines have a code to respect
referencement July 31, 2009 at 9:26 pm: Hey people,would you like to stop djujing the navy ?
It is not the subject of this post
musique electro October 28, 2009 at 12:07 pm: Good job and good analysis thx
magie blanche amour November 11, 2009 at 6:30 am: I’ve always heard that submarines have by far the best food in the Navy to make up for the otherwise awful lifestyle that goes with being submerged in cramped quarters with a bunch of dudes for up to three consecutive months.