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Overpaid: The professionals Americans think earn too much

Overpaid: The professionals Americans think earn too much

Over-earning

The Wall Street Journal recently reported that NBA stars are now more likely to take home $30 million+ pay packets than CEOs at S&P 500 companies. A recent YouGov survey, however, found that the American public doesn’t think either party is particularly deserving of the money they’re currently netting.

Indeed, pro athletes actually drew level with politicians — senators and representatives take home at least $174,000 a year in compensation — in the rankings for the most overpaid positions in the US, with a whopping 78% of respondents saying the professions are “very or somewhat overpaid”. CEOs can rest easy knowing only 76% of people think the same about them.

Poll positions

The YouGov poll asked 3,000 Americans to rank 30 professions on 3 criteria: the occupations’ impact, the perceived happiness of those working the job, and how overpaid/underpaid they think the vocation is. Interestingly, four of the top five “overpaid” positions also appeared in another unflattering tier, with lawyers, investment bankers, CEOs, and politicians all top occupations that Americans deem to have a “very or somewhat negative impact”.

On the other hand, the opposite end of the pay scale was a completely different story. Indeed, the "most underpaid" profession, farming, was ranked as the occupation with the most positive impact in society. 68% of Americans think farmers are “very or somewhat underpaid” — a matched proportion said the same of restaurant workers.

Go deeper: Explore how all 30 professions perform on the different metrics here.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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