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Money is a sensitive topic but one that many of us are very curious about. Odds are that if someone were to ask any of you Pandas if you’re being underpaid for the work you do, you’re likely to answer that you’re undervalued at your job. This goes for people in most careers, as we tend to think we deserve to get more than whatever sum we’re receiving now. After all, we’re truly great workers, aren’t we? We deserve more doubloons for our valuable time!
However, even though we don’t think we’re being overpaid, we might have a different opinion about folks in other sectors of the job industry. Redditors have been opening up about which professions they believe are vastly overpaid in a series of threads on the r/AskReddit subreddit, and we’ve collected the most interesting comments to share with you.
Scroll down, have a read through these internet users’ opinions, and let us know which of these you agree and disagree with, dear Pandas. Just remember, someone’s opinion about a certain profession potentially being overvalued, overpaid, and overentitled doesn’t necessarily make it true. On the flip side, some opinions are so accurate, it's spooky.
The US Bureau of Labor Statistics puts the national annual mean wage for a full-time worker in 2021 at $53,490 year. This translates to $1,028 for a full 40-hour workweek.
I reached out to financial expert Sam Dogen for a chat about what determines the vast differences between salaries in different professions and how we can all increase our earnings potential. Sam is the founder of the Financial Samurai project that helps people achieve financial independence. Read on for Bored Panda's full interview with the expert.
This post may include affiliate links.
#1
Any 'professional player' of any kind of sport is overpaid. Meanwhile, teachers, who are the absolute base of society, need to have part-time jobs just to be able to pay their electric bills.
"In general, the people who create more economic value (profits) tend to get paid more. However, at some point, the compensation amounts become ridiculously out of touch with reality. The clear case is CEO compensation at large, publicly-traded companies," financial expert Sam told Bored Panda that some salaries simply don't make sense, given the value they don't provide.
"For example, Google's CEO, Sundar Pichai's compensation was over $280 million in 2019, largely consisting of stock awards. Nobody reasonably believes that Sundar deserves to earn that much. There are plenty of well-qualified people who could have done what he did on 1% of his total compensation."
Meanwhile, the people who bring the most value to our society don't necessarily get paid as much as they contribute. "Then you have some of the most important professions in the world, like teachers getting paid less than $100,000 a year. If children are our future and our most valuable assets, teachers should get paid way more. Society's extreme focus on profits fails to fully appreciate the work people do where immediate gains are not as clear. We need to appreciate more our stay-at-home parents, educators, nurses, and social workers," Sam said.
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#2
Politicians should be very well-paid by the government and absolutely forbidden from any other revenue streams. No donations to the politician, no lobbying, no gifts, no grifts. No speaking fees, no book deals, no consulting gigs. Nothing. For their entire duration in office and for five (maybe 10) years after leaving office. Politicians should be forced to disclose every single gift they receive; even a birthday card from their mom with $5 inside needs to be tracked and monitored.
Celia McReynolds Tinsley 3 years ago
Politicians should make no more than the average salary of their district. If this occurred we would have politicians who ran for office because they truly wanted to make a difference.
#3
"Big" time preachers! I'm not saying all preachers, but the ones with mega churches.
According to Sam, increasing our earnings potential, at its core, is about increasing our value to the company. A large part of this is using our social skills to our advantage and putting in the extra effort at work. "We must be well-liked, grow our network of supporters, work longer than the average employee, and manage our managers. I believe most of us have the ability to make six figures a year," the expert shared with Bored Panda.
"If we cannot get that raise and promotion we deserve, absolutely job hop for better opportunities. Job hopping tends to reset your value to market rate, which helps you keep climbing. Once you master the six-figure income opportunities, it's time to learn about who makes over $1 million a year to get really motivated! The top 0.1% income-earners are more ubiquitous than we think."
#5
Reality TV stars.
The cast of Jersey Shore are making anywhere from $80,000 to $150,000 per episode.
Of course, salaries don’t just stick to whatever the national average or mean is. They fluctuate. They deviate. Some wages make others as jealous as can be while others make them frown and mumble about how unfair life can be. In a perfect world, we wouldn’t have to worry about not earning enough to get by or enough to put a roof over our loved ones’ heads. However, this isn’t a perfect world and some professions appear to be vastly under/overpaid when you consider the amount of sweat, tears, and effort the workers put in.
According to Jobted, some of the professions that greatly deviate from the national average salary include pharmacists (they get roughly $112,800 per year), data scientists ($97,200), nurse practitioners ($96,285), and software engineers ($89,200).
On the flip side, some underpaid professions include electricians (they earn around $47,800 per year and are roughly 11% below the national average), pharmacy technicians ($35,800), medical assistants ($34,672), and certified nurse assistants (barely $29,286 which is 45% below the average).
#7
Even CEOs can't, under pressure, justify their pay. I will never forget how stupid that JP Morgan CEO looked when Congresswoman Katie Porter pulled out her white board then grilled him about his salary vs. a teller at his own bank.
Helen Haley 3 years ago
Value vs Pay, there is no justification for CEO or CFO salaries being what they are. And everyone should shake in their boots when facing Katie Porter.
#8
Big name Actors, I'm sorry but I just don't see why anyone needs to earn 25million+ for two months worth of work. And I've worked in both film and theatre and understand all that goes on to make productions, just seems crazy to me. Great work if you can get it.
Sam Chilton 3 years ago
That's one of the reasons people love Keanu - he tends to share his big paychecks with the crew.
#9
Paparazzi, you are paid to be a f*cking jerk.
Bernd Herbert 3 years ago
I think this should be regulated by law. Celebrities have a right to a personal life themselves and therefore taking pictures of celebrities when they are just living their lifes and making money out of those should be forbidden.
What blows my mind is that jobs that sound similar have a financial gulf between them. Nurse practitioners and pharmacists earn several times more than pharmacy technicians, medical assistants, and certified nursing assistants. And it makes you wonder whether there haven’t been a few oversights here.
Previously, I reached out to financial expert Sam, the founder of the Financial Samurai blog, for a chat about why CEOs get paid so much money for what they do, compared to regular employees.
“CEOs have no magical powers. Yes, they have the operational experience to run big companies. However, they are often just spokespeople and ambassadors of the firm. One person cannot make that big a difference in a large organization. If Tim Cook from Apple steps down, the company will be fine. Another overpaid CEO will take his place,” he told Bored Panda during an interview.
#11
Hospital administration. Specifically in the US. Making $300,000 a year to scam the people and pretend to care about the workers.
Mazer 3 years ago
I know of only one CEO worth the money, she tripled the local clinics footprint and really cared about clients snd staff, she increased pay and offered to help pay off employee student loans. She was a gem which male management and board hated. The men made handshake deals and ran the clinic into the red. Of course they forced her out. F*****s. Now the clinic is back to running like someone is tossing darts in a pub with six pints in them.
#12
High school and college head football coaches in the United States. You don’t even have to be good. Once you land a head coaching job, you can have a losing record and still make bank. In many high schools, the head coach will be the highest paid employee even if they don’t teach a class. College head coaches are often the highest paid public employees in any state.
Paul Davis 3 years ago
Educational institutions being run as a profit-making operations is sick, in my opinion. Has lead to all kinds of distortions and corruption.
“The reason why CEOs can get paid so much is due to the direct correlation of the size of the company. When a company is worth hundreds of billions of dollars, it’s easier to pay a CEO tens of millions of dollars a year, which comprised mostly of stock options,” Sam said.
“At the end of the day, the CEO and the Board of Directors’ goal is to provide as much value and returns as possible for its shareholders. And if that means firing thousands of employees, then that is what they will do. It is a sad reality of extreme capitalism,” he shared.
#13
High ranking military officers.
From experience, I'd say a vast majority of the ones I've dealt with are just glorified politicians, who are nothing more than yes men for their next promotion.
After a certain point they're practically not even in the military anymore, they tend to have no concept of what's going on at the lowest levels whatsoever.
jk nbt 3 years ago
in the US, there is a revolving door from top-level military to a posh job in government to a consultant/lobbyist for the companies in the military-industrial complex and then back again around and around depending on the current administration... all at ridiculously high pay rates for what they do...
#14
Estate agents. I’ve been trying to rent a house (UK) for 5 months now, during which time I’ve spoken to over 50 estate agents. I’m yet to receive a helpful, let alone grammatically correct email
Annnnd We’re Officially In Reverse 3 years ago
They're not easy to find, but a good one is worth every penny
#15
Most jobs in the financial services industry; brokers, wholesalers, hedge fund managers, home lenders etc. all they do is trade money and bring little value to society.
#16
Anyone on Wall Street except unpaid interns.
Oskar vanZandt 3 years ago
They're technically gamblers... except it's others' money they gamble with. If the stock tanks, it's not these wall-street types who "lose their shirts".
#17
Hedge fund managers and investment bankers. Even if it requires tons of skill and intelligence (which I don’t know if it does), making rich people richer using obscure financial instruments that don’t actually fund any production or innovation is not something we should reward by making people millionaires and billionaires.
Tom Susala 3 years ago
Especially that jerk Sam Zell who precipitated the demise of the Chicago Tribune and WGN Radio
#18
Life coaches
When my family moved cities when I was 5 our new neighbours had kids the same age as my sister and I so my dad wanted to meet them (he did not want his girls around weirdos). When he met the mother she asked what he does and vice versa. She told him she’s a life coach. His response was “what the hell is that?”. She stopped letting her kids play with us.
cybermerlin2000 3 years ago
Life Coach: Someone who gets paid to tell people what to do without actually telling them what to do
#19
Everyone saying realtors. Wait til you find out about the guys at the desk job who REALLY make the money.
MORTGAGE LOAN OFFICERS.
Leo Domitrix 3 years ago
Actually, no. Like realtors, many mortgage loan officers work for commission, or they have a flat salary while sitting at the desk, an dit's not great pay. Nowhere near the six figures people imagine. Pay starts at 25K if you get a base salary at all. The *bank* makes the money!
#20
So many higher management jobs. People with no actual skills bullying people with skills to do more with less.
Firing them and investing in having the right tools to do the jobs every time would make nearly every company better.
Once you are about two spaces removed from operations, you're completely useless.
ZAPanda 3 years ago
yes and no. I used to think this way till I was in management. Here are a few examples of what management do. (1) Decide on company strategy or division strategy. What are you going to focus on? What staffing and skillsets do you need? Which projects are you going to can? Do you have budget for the new project? What is a realistic rollout time? What is the target market? Will there be enough demand to cover salaries? etc. This is all done using statistical analyses. AKA what we call an MBA. (2) Staff are not working together as a team but are subtly conflicting and sabotaging each other in ways that can't quite be identified. They're not delivering on their jobs, just doing 'presentism' and coming to work. Identifying the problem and resolving it without threats, rather by using psychology. There's a research area called 'industrial psychology' which deals with this.
#21
Cable news anchors. A few million dollars per year just to read a teleprompter.
Kristin Ingersoll 3 years ago
That's not actualyl all they do. They're WAY overpaid. But, having worked in the national news, they definitely do more than just read a teleprompter. Not as much as production assistants, of course! But more.
#22
Political commenters. They should have to pay us to listen to their propagandist drivel.
Chucky Cheezburger 3 years ago
Yep...and there's bull on both sides. Republican or Democrat, they are just opposite sides of the same corrupt coin.
#23
Edu-celebrities.
They are the people who spent two years in the classroom, couldn't handle it, then started some online blog/following with some appealing catchphrase. They get paid $3000+ per speaking gig that districts fork up and force teachers to listen to.
#25
Home inspectors charge hundreds, sometimes thousands of dollars to miss obvious flaws in the home you're about to purchase.
Worthless as tits on a boar.
Chucky Cheezburger 3 years ago
HAA!!! This is the only time I've seen someone else use "Worthless as tits on a boar" I like you sir/madam...
#26
Recruiters. Seriously, quite a few recruiters have salaries well into the triple digits while the people they are recruiting for big companies hardly make $40K
#27
Rehab/treatment center owners. A lot of them are scumbags, especially in Florida.
#28
Superintendents. It’s solely political and ridiculous how much they get paid compared to the teachers they’re over.
Kirsten Kerkhof 3 years ago
I have to disagree here. I am a teacher and when I see the absolute sh*t the principals have to deal with regarding parents, governments, outside businesses, and the students themselves, they can have the extra few bucks. I'm nowhere near envious.
#29
The guy who names pixar movies. Got like a $12,000 raise for "Cars"
#30
Car salesmen. I’d rather just order online. I don’t own or want a Tesla, but I LOVE their sales model.
What do you think ?
Biba Little 3 years ago
I don't know about all these, but it's really horrible to me that there are people in the world who have literally billions, while millions of people are starving. No one needs billions of dollars, no one! No one deserved billions of dollars! No one needs 7 houses each with 24 rooms! No one can in honest way without hurting hundreds of people earn that much money. I just don' trust overly ridiculously rich people.
Noway 3 years ago
Too bad they own the legislative systems so they're untouchable!
Load More Replies...
Susie Elle 3 years ago
To me, it's definitely influencers. Some Dutch 19-year-olds earn a day more than I earn a year. They're talking about buying a second house in the South or something while I get the impression they know next to nothing about actually owning a property let alone one abroad, while all they do is make 10-minute videos of them wearing expensive clothing that they're somehow paid for.
Nia Loves Art 3 years ago
I am concerned about people being underpaid, not overpaid. If someone is making lots of money good for them.
BorPand8 3 years ago
Mostly agree, especially in the entertainment industry. Nobody has to buy entertainment. When necessities get out-of-reach expensive because people are hugely overpaid, then it's time to worry.
Load More Replies... Biba Little 3 years ago
I don't know about all these, but it's really horrible to me that there are people in the world who have literally billions, while millions of people are starving. No one needs billions of dollars, no one! No one deserved billions of dollars! No one needs 7 houses each with 24 rooms! No one can in honest way without hurting hundreds of people earn that much money. I just don' trust overly ridiculously rich people.
Noway 3 years ago
Too bad they own the legislative systems so they're untouchable!
Load More Replies... Susie Elle 3 years ago
To me, it's definitely influencers. Some Dutch 19-year-olds earn a day more than I earn a year. They're talking about buying a second house in the South or something while I get the impression they know next to nothing about actually owning a property let alone one abroad, while all they do is make 10-minute videos of them wearing expensive clothing that they're somehow paid for.
Nia Loves Art 3 years ago
I am concerned about people being underpaid, not overpaid. If someone is making lots of money good for them.
BorPand8 3 years ago
Mostly agree, especially in the entertainment industry. Nobody has to buy entertainment. When necessities get out-of-reach expensive because people are hugely overpaid, then it's time to worry.
Load More Replies...
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