The term ‘Economy of Skill’ is an original concept that I conceived when I noticed an intriguing statistic: more experienced tax preparers tend to charge less for certain forms than novices do. This initially surprised me. However, I came to understand that those who are proficient do not find these tasks challenging and, therefore, typically charge a lower fee for what they perceive as straightforward work. In contrast, those with less expertise often find these tasks difficult and feel justified in charging a higher fee.
A Google search confirmed that this term was non-existent before I first introduced it in a WeChat post on December 24, 2020. This note serves as a record for the protection of intellectual property rights associated with this concept.