Which professions are paid too much given their value to society?
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Re: Which professions are paid too much given their value to society?
#2An easy example for the opposite question of "Which professions are paid too little given their value to society? ".
Hospital nurses in UK, they perform life saving work and paid rubbish money.
Re: Which professions are paid too much given their value to society?
#3BadicLly any profession with high levels of credential based regulation and supply constraining that reduces competition.
Dentistry is a great example that forbids even simple procedures to be done by non certified practitioners.
Re: Which professions are paid too much given their value to society?
#4Obviously bankers
Re: Which professions are paid too much given their value to society?
#5Real estate agents (in the USA at least)
Re: Which professions are paid too much given their value to society?
#6BadicLly any profession with high levels of credential based regulation and supply constraining that reduces competition. Dentistry is a great example that forbids even simple procedures to be done by non certified practitioners.
Dentistry in other non-USA countries is much less regulated than medicine (which is pretty much socialized). So in Israel, if you want to make money, you become a dentist rather than a doctor.
Re: Which professions are paid too much given their value to society?
#7Lobbyists.
Re: Which professions are paid too much given their value to society?
#8An easy example for the opposite question of "Which professions are paid too little given their value to society? ". Hospital nurses in UK, they perform life saving work and paid rubbish money.
I don't understand what "value" means here. There is a large number of "jobs", maybe even majority of jobs, which without a modern society would not function. Would you then calculate the value of these jobs as the value of modern society divided by the number of employed people with the given job?
Re: Which professions are paid too much given their value to society?
#9The title of that post is "Which jobs do economists say create the largest spillover benefits for society?" and is about a paper "Taxation and the Allocation of Talent"
Re: Which professions are paid too much given their value to society?
#10Real estate agents (in the USA at least)
Not just the USA, 99.99% of them are leeches. Head hunters are in the same category.