Sherpas base salary is about $2,000

Mount Everest from the window of a Druk Air aircraft during a flight from Bangkok to Paro. Everest is the world's highest mountain above sea level at 29,029 feet high. Four people have died recently trying to get to the top.

Update, April 22, 8:15 am ET: Mt. Everest's Sherpa guides decided late Tuesday to abandon the rest of the climing season, according to AFP. The decision came after a meeting with government officials in Nepal over insurance and financial aid for victims of last Friday's avalanche on the mountain that killed 13 people. 

Original story, April 22, 7:00 am ET: Sherpa mountaineers believe insurance and financial aid for families of victims is inadequate. The minimum insurance policy for the guides pays a death benefit of about $10,000 and the Nepalese government has announced a special payment of $415 to families in the wake of a tragedy. Average per capital income in Nepal is about $645 a year.

The sherpas who climb Mount Everest above the base camp, which is where the danger begins, make a base salary of about $2,000. But their pay is also determined by a bonus sytem for delivering loads to various camps. If they make the summit, they are paid $250 the first time. And every additional summit is worth $500, according to Conrad Anker, the world-renowned mountaineer who has scaled Everest several times.

"A good sherpa can earn between $4,000 to $6,000 in pay in one season," says Anker. "But it is extremely dangerous work."

Anker says the economics in Nepal, outside of the climbing season, is mostly subsistence agriculture. 

 

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David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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