This study analyzes the factors that determine wages of vocational training teachers and instructors, and analyzes whether their wages are set well according to market principles. As a determining factor of wages, it was confirmed that the pricing function, which determines wages according to employment performance, is working well by explicitly including the employment rate of the previous training courses taught by vocational training instructors and instructors. For analysis, this study used various data such as employment insurance history, NCS certified instructor system, HRD-Net training course data, and separate surveys for vocational training teachers and instructors, and analyzed them by combining them as needed. As a result of the analysis, the performance of the training course of vocational training teachers and instructors did not play a very important role in determining their wages, so it was highly likely that the wages of vocational training teachers and instructors were not set according to the pricing function of the market. Therefore, in this respect, the low level of treatment at the minimum wage level cannot be justified, suggesting that policy efforts are needed to create a virtuous cycle structure leading to improvement of training quality and training performance through improvement of treatment.