Earlier quoted context omitted.
When I see people critique those numbers as being “too high”, or demands for additional compensation “unreasonable”, I can’t help but think those people don’t understand that $100k is very much the new $45k of the 2000s, and has much less purchasing power than the latter did at the time. Truth be told, for the present cost of living in the Northeast in general, you’re looking at a family income of $300k to be “comfor…
Funny enough that it’s always “too high” for non executives but executive pay is never policed and any attempts to do so are met with fierce resistance. Which reminds me of another thing. A good friend of mine is currently getting their MBA from a fairly well regarded school. One thing they recently learned about is structuring compensation. The general adage is that whatever you pay an employee must be in reflection…
Labor compensation is determined primarily by substitutability. A $200K engineer creating "$1M worth of value" is not automatically deserving of a higher wage unless there is no one else willing to do that engineer's job for $200K.