I have long thought movie stars and sports heroes were drastically overpaid in comparison to their contributions to society. For example, teachers are teaching future generations of kids, and get paid pennies in comparison. And, even well paid doctors, saving lives, are paid a small fraction of what an NBA star gets paid to simply play the game of basketball.
In the last decade, these inequalities are starting to be seen in corporate workplace, as well, with ever rising CEO pay and mid-level jobs under siege due to outsourcing and technology automation. I think we need to rethink the traditional pyramid shaped organizational structure to “right size” the work completed vs. compensation paid equation.
Read the rest of this post in Entrepreneur, which I guest authored this week.
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