Financial and IT industry revenue perennial high Why? This in the end is reasonable? I saw this listed five explanation, you will understand[IT Times Editor's Air Jordan Others note] has been substantial revenue finance and IT industry, led to the university relevant professional hot, leaving the annual graduates aspire to. But why these two industry revenues will be so high? This in turn is reasonable? This sort of knew almost answered, explains the popular issue. On a total of five reasons replied, as correct or not, leave the reader to comment. First, the financial sector unauthorized use of leverage, resulting in financial corporate profits (before deduction of labor costs) High unauthorized use Air Jordan Women of leverage, which means that financial institutions know how to use other people's capital to help their own money, but compared to most industries, the financial sector especially good. Before the financial crisis, many financial institutions have to maintain a particularly high leverage, that is to say with the same capital, financial institutions will move Air Jordan 11 the larger volume of transactions, they will naturally higher rate of return. Even after the financial crisis to the lever, there are about 12 times the size, which is beyond the reach of corporate entities. Although the domestic situation there are differences, but the essence of financial institutions to determine their customers easier access to credit and resources to improve their income. Business entities by extension, maturity mismatch and other means so that the ability to continue rolling capital is very weak, so they need to use assets, cash flow, or at least go to the expected future development of the credit for their endorsement, and these resources are often very limited, so capital can pry it is very limited. Such leverage closeness of the decision in the same volume, financial institutions can use more resources than corporate entities, to generate more revenue. Second, IT industry marginal cost almost as many services 0IT industry marginal cost is lower than the general entity, in some cases almost to zero. Many factories producing a screw, the real estate business more than cover a room, these are the need to pay real materials and manpower. Even if the scale of production and high-tech equipment efficiency even higher, they will inevitably actual investment. IT can not the same: In a certain scale, a service app 500 million and 600 million people may be no difference service costs, but the benefits becomes high (not taking into account all costs are the industry to promote). At a fixed level of technology, IT companies already have significant cost advantages, but as technology advances, will only Air Jordan 1 increase the power of their corporate entities pulling farther and farther. Third, the high proportion of high-end talent and salary distribution compared to some traditional Industries, finance, IT enterprises to create high-end people who can direct tremendous value, and therefore also a greater proportion of the distribution of benefits. To engineer an example: a tech-savvy engineers, although made great efforts Nike Hyperdunk to become an Nike Air Max expert, Air Jordan 13 Retro but in the actual work, he often can only play an important role, but not a major role. For example, the construction of a hydroelectric power plant, the first is not an engineer can do it, but need several teams of engineers, involving different fields. Secondly, there are technical guidance also light enough, you also need to buy equipment, construction works of other steps. Completion of a Air Jordan 4 Retro hydroelectric power plant, involving many complex links, each link can not say important. So for every aspect of high-end talent, the ability and then strong and it can not be assigned to most cake. While the financial industry, such as doing a single IPO, in which the total number of personnel involved is often only a few dozen people even more than ten people, there is little investment in machinery and equipment. In this context, the income of high-end talent Air Jordan 6 naturally high. IT is the same one or two people or a small team to develop a software / website / hardware prototype, by attracting market attention to get an initial capital injection of income and investors, followed by large-scale promotion will be able to improve the product and then, ultimately exponentially The increase (in the context of Air Jordan 3 Retro product success). In the entire value creation chain, technology and creativity are the most important manufacturing products, processes and services are often outsourced deployment. Core products and services or from the high-end talent technology and creativity, which can not be replaced, so the benefits must be able to be assigned to the core. Fourth, globalization, technological advances led to the income gap between Industrial and Financial, IT industry is further widened globalization and technological progress to increase the company's employment choices, thus weakening the real economy in many employees' bargaining power, low wages ʱ?? Globalization, the third technological revolution began, plenty to do in a foreign country or to a machine to do, but also lower operating costs will be outsourced. People have to engage in a higher threshold profession, that reduces the bargaining power of labor. On the contrary, because of the financial and high-income groups of the IT industry, Air Jordan Others would be difficult and the threat of globalization, technological progress is; and globalization and technological progress has brought greater markets for financial and IT industry, higher efficiency, so the total of, these two sectors wages are high-end talent in growth. Finally, finance, IT industry has a configuration resource properties, was 'excessive' in return is reasonable to finance, for example, many people feel that high investment income because of their personnel pedestrian high quality, long working hours. But essentially because they are engaged in relationship-driven, rather than technology-driven. Why cast Kids Nike Trainers the same rank pedestrian is several times the firm's earnings, even ten times? Because the investment bank to find the most suitable for the enterprise, the highest valuation investors; Nike Shoes or conversely find the most suitable investment targets for the acquirer, other types of institutions can not, this is a premium points. For investment banks, may have dealmaking is very simple, just a few calls. But for businesses, which solve their most important financing problem, of course, willing to pay high compensation, even if the service itself is not much work time and energy consumption. IT is the same reason. Alibaba is put into a business of his B2B, the B2C platform, do some advertising, optimization at search ranking results, can not consume much labor time or resources to spend a few days or even a few people can get. But for businesses, able to customers, partners receive resources Nike Lunar Haze most needed to create a real revenue growth. Therefore, even if the service is not Alibaba how much effort or intelligence, but completed a great resource allocation, for customers to create an objective value, high income is normal. (Finishing knew almost) [IT Times Editor] from the current trend of the flow of talent, the high-end talent shortage, both in financial and IT industry has become a grim reality, but has quickly spread to the mid-position, as well as other brain-intensive industries. With the rapid development of Internet banking, for network and financial row complex talent needs, it may also exacerbate the shortage of such talent status. [Editor / Liu Jiaqing]