Daniel teaches sixth grade at a local elementary school. he significantly increased his salary by earning a master's degree in education. daniel's increased salary is an example of

This is an example of skill-based pay. Daniel encouraged the students to acquire a master's degree and to pursue their studies because being well-equipped with skills and knowledge could get you a high-paying source of income. This type of pay is a compensation to an employee with a particular set of skills and certain knowledge that will fit the job post.