How much is knowledge worth?

See on Scoop.itskills services

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.

Here are some other numbers

This site suggests that the market value of actuarial knowledge is $7960 per year of experience.This site suggests that the market value of office worker knowledge is $4467 per year of experience.This site suggests that the market value of Information Architecture knowledge is about $6000 per year of experience.

 

See on www.nickmilton.com

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