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My issue as it relates to compensation in general has less to do with whether any group of people is underpaid or overpaid as a whole and more to do with how en
by georgemcbay 13y ago
My issue as it relates to compensation in general has less to do with whether any group of people is underpaid or overpaid as a whole and more to do with how entire job categories tend to have their salaries defined in fairly tight ranges (that do alternate based on regional cost of living, but not so much based on individual value) that are virtually impossible to break out of (unless you play the lottery ticket of starting your own company).
Sports athletes are one of the few areas in which people can do basically the same "job" and one guy is paid $20 million a year and another guy is paid $200k a year. You don't have that sort of variability based on actual value produced in many traditional jobs, which I think is a shame.
Are some teachers in the US actually overpaid relative to the long-term value they produce in their role? Surely, even if their base pay is bad I'm sure some of them don't even actually earn what they make. But are some teachers incredibly underpaid? Surely, as well. However, for the vast majority of "traditional" jobs we've created these compensation structures where you can nudge people up or down relative to their peers, but not by nearly enough to adjust for their true value.