Which Job is Significantly overpaid ?

[rhuarc29]

Bottom line is this, CEOs tend not to care too much about the long-term viability of a company. They know they might only have the top job for 5-10 years, and they've negotiated themselves a golden parachute no matter what happens. So, they try to get as much value for their stock options as possible to enrich themselves. Nearly all CEOs are vastly overpaid.

I wrote much the same before seeing your post. There's this very damaging selfish mindset in modern capitalism where short-term gains are the name of the game. This is especially true when a new CEO comes in from outside the company, rather than being promoted from within. They tend to be focused on achieving the next bonus, extracting as much as they can from the position, then moving on to suck the blood out of another company. This creates long-term growth problems for the companies they are a part of. Those CEOs absolutely are overpaid.

That said, those types tend to exist in big, multi-national corporations, and not so much the small and mid-sized businesses, so I wouldn't say "nearly all CEOs are vastly overpaid". There's always just that hyper focus on the top 1%.

 

[Claudia Love]

yet some men think escorts are overpaid , but they still see them.lol

 

[y2kmark]

My vote is for any of these idiot unskilled factory, unionised line workers whose job anyone could do. Kelloggs in the usa just fired all their workers because the idiots thought they were irreplacable.

I worked as a replacement worker one time in a factory. We went in with no prior training and were turning out more product than the 30 year workers. They had no choice but to settle. We heard from the management who had to cross the line what the workers were like. Lazy and just do the bare minimum.

Still, not nearly as overpaid as Fux News commentators...

 

[Jenesis]

• Regional managers or CEOs with short-term mindsets. Every year I see more examples of this amongst my clients. All they're doing is chasing their next bonus, which means they do anything to appear good to their corporate overlords or shareholders. I've seen people laid off in order to cut expenses a couple weeks before a quarter ends. On the flip side, I've seen a whole bunch of overtime worked in order to push sales out the door prior to the quarter's end, only to have people standing around doing nothing the month after because the warehouse is overstocked. These short-term decisions cost money in the long run.

• No / Low skilled workers with shitty work ethic. This wasn't so much a problem until the labor shortage, but with companies desperate for workers these types are actually getting jobs. Come in late, take four 15-minute bathroom breaks per day, wander around working at looking busy instead of being busy, leave early, skip days without justification or notice. Normally these types would be turfed immediately. Now they're making $20+/hour.

• Most public workers. The concept of "overpaid" has to be relative, because the money pool is finite. Public workers are already generously paid for their roles relative to their private counterparts, but they also tend to get very generous benefits/pensions, as well as having less oversight and consequences for failures.

So there is a staff storage but low skilled workers are overpaid. Kinda means the job is no longer a low wage job now is it?

Gone are the days that higher education meant high pay. Gone are the days when a minimum wage job was enough to live on.

The definition of what is truly overpaid and what is not is clearly shifting.

 

[rhuarc29]

So there is a staff storage but low skilled workers are overpaid. Kinda means the job is no longer a low wage job now is it?

The definition of what is truly overpaid and what is not is clearly shifting.

Depends how you define it. If we're saying solely that supply and demand is what dictates a fair wage, then earning what you can demand is by definition not being overpaid. That means all those CEOs, all those low skill workers, all those middle managers, all those government officials, everyone anywhere on the scale is not overpaid. Their wages are being dictated by supply and demand.

If you define being overpaid as being bound by merit, as this thread seems to be about, then it's not about supply and demand, it's about how your skills, work ethic, quality, productiveness, etc., compare to your peers and their relative wages. My answer is reflective of this side of the coin.

Gone are the days that higher education meant high pay.

I wouldn't say that statement is as true as many make it out to be. It's merely that so many pursue a higher education in unneeded degrees, which is something that absolutely should stop. There are absolutely well-paying options outside of higher education though, I agree.

Gone are the days when a minimum wage job was enough to live on.

Totally agree. But simply raising the minimum wage is not the solution. In fact, I think it's damaging overall, as it is uplifting our least productive members, while dragging down more productive members (resulting in burnout of the middle class, especially the lower-middle class). The correct way to fix the problem is to fix the wealth disparity caused by globalization and technology. What we're doing instead is penalizing the middle class by trying to uplift the lower class.

 

[John Wick]

I don't know why people always correlate minimum wage with minimum amount an individual worker needs to live on.

'Minimum Wage' is nothing more than the lowest wage rate an employer can legally pay an employee for ANY job. Period.

It was never conceived as a means to provide a minimum viable income.

Why can't SJWs get that through their thick heads?

 

[kyleb899]

Athletes, celebrities, are overpaid,

 

[Carvher]

Really how hard is it to crunch numbers and layoff low income workers just to appease the share holders and then get a nice bonus even if the company loses money or goes to shit.

Being CEO of a large corporation is not an easy job. These people work around 12 hours a day or more. Travel a lot. Have to make decisions that affect thousands of families on a regular basis.
If this was 50 years ago then yes it would have been a much easier job but everything changes so fast now that they have to constantly be pivoting. They obviously don't make decisions in a vacuum like our PM but the weight of these decisions matter and can make a difference of hundreds of millions to billions of dollars to the bottom line.

Best way to think about them is as you would a professional athlete or successful entertainer. Yes, probably overpaid but they aren't getting the money from the tax payer unless a government corporation like Canada Post.

 

[Sugarsweet905]

Grossly overpaid lets talk about Instagram models and infulencers.

Also grossly overpaid are paper pushers in government. If you took a good hard look at alot of government positions you will find alot of duplication and people just handing work back and forth without anything being done.

 

[Green11]

Yes, the human race was not designed properly.

It wasn't designed. It evolved.

 

[Green11]

I've started my company from scratch

What kinda company?

 

[jeff2]

It wasn't designed. It evolved.

Sorry, didn't mean to overlook Darwin.

 

[probyn]

I don't think the PM is over paid. In fact, I think the position should be better paid to attract better people.

Now Justin is a different story. I think he's incompetent and should not be PM but that's a different story. The Canadian people elected him. That says more about them and less about him

I concur. It is not a very popular view, but politicians should be much better paid. They put up with a lot and make significantly less than they would in the private sector. Also, if we paid them more and made the position more attractive, we would attract far superior candidates. But, I agree again that Justin is a jerk.

 

[basketcase]

I absolutely agree with the exaggerated cost of professional athletes. The salaries of football players and doctors are discussed on the forums every year, and nothing changes.

If people stopped paying so much to watch them play.....

 

[probyn]

The grass is always greener on the other side.... a few of you have no idea or a false idea of what you think or speak of.

I concur. How can we judge other workers when we haven't worked their jobs?

 

[JohnnyWishbone]

Being CEO of a large corporation is not an easy job. These people work around 12 hours a day or more. Travel a lot. Have to make decisions that affect thousands of families on a regular basis.
If this was 50 years ago then yes it would have been a much easier job but everything changes so fast now that they have to constantly be pivoting. They obviously don't make decisions in a vacuum like our PM but the weight of these decisions matter and can make a difference of hundreds of millions to billions of dollars to the bottom line.

Best way to think about them is as you would a professional athlete or successful entertainer. Yes, probably overpaid but they aren't getting the money from the tax payer unless a government corporation like Canada Post.

Exec management is no walk in the park. Kind of almost at that level myself and it's a job you have to dedicate your life to - 60 hours a week is a good week. The thing I don't like is the huge payoffs when they fail. It's win-win for them.

Otherwise overpaid professions:
Recruitment "consultant" - usually just useless kids who can't get a job go into this profession
Real estate agents
Cops
TTC booth worker
Athletes, tv pundits

 

[Green11]

People forgetting therapists

 

[LTO_3]

People forgetting therapists

Bartenders do the same while they give you all the booze you want.

LTO_3

 

[Geee]

I don't know why people always correlate minimum wage with minimum amount an individual worker needs to live on.

'Minimum Wage' is nothing more than the lowest wage rate an employer can legally pay an employee for ANY job. Period.

It was never conceived as a means to provide a minimum viable income.

Why can't SJWs get that through their thick heads?

"It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By 'business' I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white-collar class as well as the men in overalls; and by living wages, I mean more than a bare subsistence level-I mean the wages of decent living."

- FDR... aka the man who instituted minimum wage in the US.

1909 Churchill said pretty much the same thing...

Go back even further to 1389 where the statute of laborers was amended by the king of england to ensure the serfs were always able to afford food.

So yeah... your argument is entirely wrong

And there isn't a Labor shortage right now, there's a shortage of people willing to break their backs for poverty wages.

 

[Claudia Love]

People forgetting therapists

therapists should be free for those that think they dont need it