A descriptive explanation using asymmetric information and a suggested solution from signaling theory

by Andy Lung Jan Chan
Open University of Hong Kong and Ph.D. Program in Translation and Intercultural Studies, Universitat Rovira i Virgili
cf757429bfeb9734ceaddd72b499a92b Why Are Most Translators Underpaid? t is a common observation that most professional translators are not paid well. Most attribute this to the low perceived status of translators and their work. Because of the low pay, many good translators have left the profession for other jobs. This line of thought sounds reasonable but it is also highly evaluative which makes empirical testing impossible. This paper offers an alternative explanation which is descriptive in nature and draws heavily from the theories of information economics. This discussion is in line with the paradigm of descriptive translation studies which emphasizes explanation and prediction. However, in addition to this, Chesterman (1993) points out that translation studies should also cater to evaluation, and I believe that my analysis might offer some insights for improving the situation of professional translators.

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