Paycheck parity metrics


I love metrics. You can’t argue with hard numbers and results measurement.
I was watching the first round of Senate hearings with the CEOs of the Big Three automakers (Ford, GM, Chrysler) presenting their case for a bailout. It was a bit like the three little pigs. This one wants to keep his $9.2 million annual salary (“I’m good with that,” he said) while another agrees to accept just one dollar in pay. All three showed up in individual corporate jets for this round. As a taxpayer, am I inclined to want to bail out these wastrels?
Next, I hear that the National Football League is going to eliminate 150 jobs from its office staff at the New York headquarters. Meanwhile, the players command multi-million-dollar salaries.
And we all know about the bacchanalian behavior of AIG execs who seemed to celebrate their fiscal bailout with a lavish retreat, to the tune of $440,000.
Where is the balance in this country? Low- and medium-income workers are losing their jobs while executives and celebrities maintain a lavish lifestyle.
The President of the United States earns $400,000 per year. I daresay that Barack Obama will earn every penny when he takes office in January.
Let’s compare this to a few others:
Seattle Seahawks quarterback Matt Hasselbeck earns $19 million per year. His team is ranked 31st in passing yards in the NFL and 25th in the number of points scored per game. Is he worth it?
The average salary for a heart surgeon is $405,000 per year. This individual saves lives week after week.
An enlisted soldier in the United States armed forces with 10 years of service earns $30,000-$40,000 per year.
The average salary of a teacher in a public school is $50,000 per year. A firefighter earns about $42,000 annually.
With this pay scale, one year of an NFL quarterback’s salary is more than the combined pay of 100 soldiers, 100 teachers, 40 firefighters, 20 heart surgeons, and the President of the United States.
All I can say is, (1) I’d like to see the job description and (2) put me in, coach!

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