Overpaid? We're paying people $30M a year to throw a ball into a hoop, and we're paying other people millions to recite a few lines in a movie. Why shouldn't e

Overpaid? We're paying people $30M a year to throw a ball into a hoop, and we're paying other people millions to recite a few lines in a movie. Why shouldn't engineers, part of a class of worker that arguably brings much more benefits to society than actors or athletes, get paid much more? If the natural labor market dynamics were allowed to occur, we would be seeing top engineers being paid $500K to $1M+ per year. In fact, during the SV wage fixing cartel, this is precisely what the executives of these participating companies were complaining about in the emails that were disclosed in court filings. Will you believe tech company executives when they say that it affects wages? How many earnings calls do you have to listen to where executives talk about how labor market dynamics and immigration policy will affect their payroll costs? I'm sorry but if you think immigration doesn't affect wages, I've got a bridge to sell you... Not only is the H1B program putting downward pressure on wages, but all immigration is putting downward pressure on all wages. Any time you hear a tech executive talk about "shortage of workers", what they're really saying is "shortage of workers willing to work for a lower than market value wage".