Whether structural aspects of the industries are identical
Problem: It costs a lot less money to enter industry A than to enter industry B. Hence, industry A will be highly profitable. Assume all other structural aspects of the industries are identical.
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An equity analyst's recent report suggests that new entrants will be unlikely to enter successfully, thus the threat of new entry is low.
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What Marrying an Immigrant Taught Me About Cultural Bias /Kyle Quinn: What marrying an immigrant taught me about cultural bias | TED Talk
Hence, industry A will be highly profitable. Assume all other structural aspects of the industries are identical.
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What concerns are there when increased pay is based on time with the organization but without no additional work or next level given?
Describe how you can incorporate this concept into your current work situation and/or personal life.
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