Ten most overpaid jobs in the U.S.
Ten most overpaid jobs in the U.S.
There are certain jobs in the United States that produce large paychecks. Chris Plummer, of CBS MarketWatch, lists a few occupations where people are heavily compensated for their job. He insists they do not deserve the money they are earning and that while they are earning hundreds, perhaps thousands of dollars per hour, there is that waitress out there who is earning a few dollars an hour for hard work and labor.
Most individuals know that athletes and movie stars can be characterized as overpaid, however fail to recognize other occupations such as wedding photographers, airline pilots, longshoremen, skycaps, motivational speakers, orthodontists, CEO’s of bad companies, washed up athletes, and mutual fund managers. While many of these jobs differ in nature and salary, one common characteristic is that these people are important. When something is important to an individual, they are willing to pay the top dollar to see the job get completed. The pilot, orthodontist, money manager, etc have a skill that not many individuals have in society. It is really a matter of supply and demand, and the value of trust. How much does your trust cost? That is a great question that is perhaps left unanswered, yet if put in nominal terms can be stated as $200,000 a year to fly an airplane, $350,000 to fix your teeth, or $10 million a year to watch an athlete play basketball on television while laying in bed at night. The individual values their entertainment, their teeth, and their life and they are willing to pay the top dollar for these activities and tasks. Why do we only pay the person at McDonald’s $5 an hour, because anyone can perform this task and we have other places we can go to eat. The limited availability of certain professions in medicine, sports, and money management allows us to pay the top dollar and be satisfied.
2 Comments:
Yea we get a lot of joy out of watching sports, but do you feel they are over paid for what they do? There have been studies showing that some athletes are underpaid compared to how much revenue they bring to the team, but as an average person we do not see this. I still feel they are payed extroardinarily well especially in baseball for a sport that can be played for 15-25 years. The pitchers and catcher are the ones that suffer the most when their careers are over. They are most likely the ones to have to get surgery. So payment to them should be higher just because of their future health status. The people we need in our everyday lives I feel are not paid enough.
In talking about an overpaid employees, Exxon Mobil Chairmen Lee Raymond's retirement package is worth more then 400 million dollars. This includes pension, stock options, a personal car and drvie, use of the corporate jet, and two years of home security.
Although his job is not very easy, I feel as if he has taken advantage of every American who has had to pay close to 3$ for a gallon of gas.
It was estimated last year that Raymond earned $141,000 a day, which is $6,000 an hour. It seems that he might have been over paid for his work.
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