Will Rogers famously said, "I never met a man I didn't like." I think that I've found a modern corollary. I've never met a man who was overpaid.
I'll bet that the Wall Street bankers who are hauling down millions don't think they are overpaid. Can you imagine that the guys who can throw a ball into a basket better than most and who are making so much money only the wealthy can afford tickets to the games think they are overpaid. What about the guys who make millions reading the evening news on network television, don't imagine for a moment that they think they are over paid. I'll bet that the firefighters in Vallejo, California who drove the city into bankruptcy with their six figure salaries didn't think they were overpaid. I'll bet that the auto workers who brought General Motors to its knees with excessive costs of employment and benefits don't think they are overpaid. How about it? Can you name a person who will admit to being overpaid?
There's a point to all this. The more something costs the less we buy of it. That's true of almost everything. You may say, "Yeah, but I've got to buy gas for my car." But look what happened people not only started driving less, they started buying more fuel efficient cars. What about food? We all have to eat. Yeah and the restaurant business is in trouble because people are eating out less and people are grilling burgers instead of steaks.
I don't know about you but I'd rather be employed at a job that paid a bit less than be unemployed at a job that paid a bit more. Maybe what we need to do is take a cold hard look at ourselves and what we do and ask ourselves whether we're worth it.
Don't worry. I already know the answer. Of course we're worth it. I've never met a man who was overpaid.