"over paid" what is this concept that you speak off - there is no big guy with a big white beard sitting on a cloud who's going to reach down and say "you yes you with a third in media studies from Luton university should be paid X and those cheeky blue collar train drivers or miners who have scarce skills should be paid less than you".
The PHB might think they are over paid but like it or not this is Laissez-faire capitalism pay is determined by scarcity and bargaining power.
ps for those outside the UK Luton is the unfortunate University that props up the bottom of the university league table - though to be fair they do rank well for Nursing degrees.
Quite thats the point I was making there is no God given "correct wage" just the market unless saraid216 thinks we should move to a fully communist model where the state says what job you get and how much you get paid?
No, no. The fully communist model is where you have listings of every single worker in existence and choose your hires based on that so that you have an accurate estimate of scarcity.
The PHB might think they are over paid but like it or not this is Laissez-faire capitalism pay is determined by scarcity and bargaining power.
ps for those outside the UK Luton is the unfortunate University that props up the bottom of the university league table - though to be fair they do rank well for Nursing degrees.