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Overpaid: The professionals Americans think earn too much

Overpaid: The professionals Americans think earn too much

7/20/23 7:00PM

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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Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”

Webtoon Entertainment shares jumped 36% in premarket trading Tuesday after Disney said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century Studios titles into a new streaming-style app run by Webtoon. The offering will launch in Q4 across the US and nine other countries.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” said Junkoo Kim, founder and CEO of Webtoon Entertainment.

The platform is expected to host more than 35,000 titles, mixing archived comics with Webtoon originals. Disney+ perks could also be on the table, giving the service a natural tie-in to Disney’s broader streaming play.

The arrangement isn’t final yet: Disney’s stake and the platform details are still under negotiation. But with Webtoon’s ~155 million monthly active users, the partnership gives Disney a mobile-friendly channel for its comics while Webtoon gains the ultimate IP access.

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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

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