Which jobs are probably way overpaid?
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Consultants.
A lot of people are overpaid, for sure!! I know a ton of engineers that get paid six figures to do nothing most of the time! Taking 2 hour lunches frequently and only actually do focused work MAYBE 20 hours a week! My brother is one of them and my husband use to be one of them! Meanwhile, I worked 50+ hours a week with maybe a 20 min lunch for my lousy teaching salary. Yup, I’m a little jealous. 🤣
Yes, more envious…at times! I enjoy what I do and it feels more like a hobby at times. My work is meaningful and fulfilling for me. Unfortunately, my husband lost enjoyment from his job and it wasn’t fulfilling for him anymore. He tried to quit at one point and they just kept offering more money. I would much rather get paid less and enjoy what I do every day!
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Zing
Professional athletes, especially basketball and baseball
Depends on how we're viewing overpaid. Should salary be a product of revenue being generated? Or how essential that employee is to society? Or some mixture? There are plenty of jobs that are more crucial than athletes but make virtually nothing in comparison. Eg, teachers
Consulting
Pretty much any corporate job or anybody making more than 3x median individual income.
No, PO1, that's not what overpaid means by just about any reasonable and accepted definition of the term.
You don't get a raise because you have more bills. You get a raise because your market value increases. Your market value increases when your replacement value increases. Your replacement value increases when people are no longer willing to do the same work you're doing for your current compensation.
Cost of living also follows compensation. When people have more money, prices go up. When people have less money, prices go down. But, up like a rocket, down like a feather.
Nobody working a corporate job is really that valuable. We're really not that special. And any of us would be just fine on 3x median income. We just want more and are lucky that our absurd society has created a labor market where an MBA and PowerPoint skills make us worth 10x more than teachers, tradespeople, etc.
Executives. I have zero clue what they actually do
In my experience they also have zero clue what they actually do 😂
Movie stars
Easily news anchors. They get paid to dress up and read to people.
Anyone in tech
Yep, those working at FAANG or whatever abbreviation people use now. Or tech startups-particularly VC backed.
Social Media Influencer. I understand it’s feee marketing for a product/company, but it completely unfair for someone with little to no skills to get paid so much.
They fall under that entertainment category!! Completely overpaid!
IBM leadership..
Starting at what band?
Well the late stage capitalization of everything is pretty much rotting this country's markets. So, anyone who's making multiples of base salary on stock options. It's one thing to get paid $200-300k/yr+ in a professional job, it's another to double or triple it in variable compensation based on the stock market or private investments that require constant nihilistic cost cutting and M&A measures.
I’m an IC SM doing RevOps for a software company.
Waiters?
I would argue that the vast majority of jobs are considerably underpaid. A company’s primary objective is to make a profit, if they can hire someone at 10/20/50 pct less to adequately preform the same job, they absolutely will (and should). In fact, if they were to hire you for what you are actually worth to the company they would only be breaking even and would be just as well off as leaving that position vacant. The argument for movie stars/athletes makes even less sense. Their likeness alone will bring in 3x whatever it is they earn.