Idea of Compensating Differential

Just as I was reading through the definition of "Compensating Differential" today, I was wondering how would this really work?

Wiki says: "Compensating differential is a term used in labor economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that a given worker must be offered in order to motivate them to accept a given undesirable job, relative to other jobs that worker could perform. One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs."

If this works, then the next time when you need a pay hike, tell your supervisor, that the job you are doing is undesirable... Would you be paid more? :P