How much is knowledge worth?

People often say “you can’t value knowledge”
In a strict sense, that is probably true, but there is a proxy for the value of knowledge, and that is how much a knowledge worker earns. The chart to the right is drawn from here, and shows how average UK salaries increase with years of experience. Each year of experience seems to equate roughly to an added £1000 in salary. This “value of experience” is a proxy for the value of knowledge, because experience is where knowledge comes from.

The chart shows average salaries, covering all types of job; not necessarily knowledge workers. The value per year of experience depends on the job, and on the knowledge.

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