Why You Make Less Than Your Colleague

Why do some people earn more than you for doing the same work? Income inequality is not the enemy, it is the downstream result of four other inequalities, in ambition, initiative, work ethic and study ethic, and those are the ones actually worth fighting. Ambition and effort set what you are capable of. They do not set what your work is currently valued at. See where you stand: https://www.masteryinsights.com/start... ▶ Read the full article: https://www.masteryinsights.com/fulfi... ▶ View the transcript: https://www.masteryinsights.com/watch... What are the 4 inequalities of income? The four inequalities of income are the personal differences that produce income differences in a market economy, where money earned is a byproduct of value created. Ambition inequality is the difference in willingness to pay the price of success, and there is no moral high ground either way. Initiative inequality is the difference in willingness to take decisive, purposeful, resilient action, because setting a goal and achieving one are not the same mindset. Work ethic inequality is the difference between treating your responsibilities as a duty, which needs incentives, and treating them as a moral obligation, which does not. Study ethic inequality is the difference in willingness to study for mastery rather than for a passing grade, where mastery means applying knowledge so effortlessly that it looks effortless. Key Concepts Ambition inequality: The difference in willingness to pay the price of success in money, time, mentality, lifestyle and delayed gratification, and there is no moral high ground between striving higher and choosing comfort. Initiative inequality: The difference in willingness to take decisive, purposeful and resilient action, because setting a goal and achieving one require entirely different mindsets. Work ethic inequality: The difference between seeing your responsibilities as a duty, which needs incentives and collapses the moment the reward looks smaller than the risk, and seeing them as a moral obligation, which does not. Study ethic inequality: The difference in willingness to study for mastery rather than for a grade, where mastery means applying your knowledge so effortlessly that it looks effortless to anyone watching. Chapters 00:00 Why do some people earn more for the same work? 00:41 The three types of economy 01:42 What is ambition inequality? 02:45 Why there is no moral high ground in ambition 04:47 What is initiative inequality? 06:56 What is work ethic inequality? 07:39 Duty versus moral obligation 09:22 What is study ethic inequality? Which of the four inequalities is quietly costing you the most right now? -- Dr. Grace Lee is a neuroscientist and executive mentor. Accomplished professionals engage with her to develop their capacity to think, speak, and lead with an authority commensurate with their deep expertise as they advance into senior leadership. Her PhD in neuroscience informs the analytical rigor behind the frameworks she created for the discipline of Cognitivistics of Influence™. -- MORE FROM DR. GRACE LEE 🎯 See how decision-makers view you now, take the Leadership Visibility Assessment: https://masteryinsights.com/ytv-asses... 🚀 Ready to work directly with Dr. Grace? Apply to the Mastery Accelerator™: https://m.masteryinsights.com/applica... 👇 Subscribe for a new video every week: https://www.masteryinsights.com/subsc... FOLLOW DR. GRACE LEE LinkedIn: https://www.masteryinsights.com/linkedin Instagram: https://www.masteryinsights.com/insta... -- RELATED VIDEOS The 8 LACKS Hindering Your Growth Goals:    • The 8 LACKS Hindering Your Growth Goals   Why Hard Work Alone Won't Get You Promoted (The Performance Trap):    • 7 CEO Mindset Principles for Transformativ...   3 Ways to Get Promoted to Senior Executive in a Recession:    • 3 Ways to Get Promoted to Senior Executive...   #IncomeInequality #PersonalGrowth #WorkEthic #DrGraceLee