I wonder about that. Maybe at the lower skill levels, but there was always a notable gap in professionals, like with people at the SEC who make way less than the people they regulate. WAY less.
Discussion
It makes sense that regulators make less than the people they regulate, tho. Therefore, they have more job security.
But I used to live near DC and saw the job adverts and the majority are incredibly overpaid.
I believe you.
It’s funny to me, the mismatches that occur in government. Sometimes way too much money is allocated to get things done (F-35 joint strike fighter anyone?), and sometimes way too little, like in NY in 2017, the so-called “genius transit challenge” debacle, summarized thus:
“In June 2017, the Metropolitan Transportation Authority (MTA) launched the “Genius Transit Challenge,” offering a $1 million prize for innovative solutions to modernize the New York City subway system. This initiative sought proposals to improve signals, communications infrastructure, and rolling stock. However, the tech community and transit experts criticized the challenge, arguing that the offered prize was insufficient given the complexity and scale of the subway’s issues. They emphasized that substantial investment and comprehensive planning were essential to address the system’s deep-rooted problems effectively.”