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Several recent conversations of mine have quickly turned from cordial to borderline destructive at the mere mention of “how much professional athletes get paid” (or CEO’s, actors, software companies, and so on). I can only assume the vast majority of the world feels “those people” are grossly over-compensated, because every time I try to dispute the allegation, a brushfire ensues. It typically goes something like this:
- Someone mentions their disdain for the greed, selfishness, and evil intentions of some wealthy rock star or millionaire businessman.
- I nod and smile.
- Turning up the heat, they begin sharing their contempt with subtle barbs about how “the entertainment industry is a big fraud” or “Mr. Big doesn’t deserve to make that much money”, dropping the name Enron at least two or three times along the way.
- I suddenly find myself uttering (sometimes even without my own permission), “Why shouldn’t a CEO make 100 times the amount of their assistant?” or “Who says Paris Hilton doesn’t deserve to make so much money and spend it however she likes?”
Before I know it, the brushfire turns into a torrent of flames, and I find myself backed into a corner explaining why teacher (or soldier or stay-at-home mom …) pay is so much lower than a minimum wage pro basketball player’s.
Over time, I began thinking, “Maybe I am crazy and they’re right. Big business is evil. CEO’s and professional athletes only look out for themselves. They don’t deserve that money.” But then Nicole Swan posed a question on her blog (Why Do We Hate Success?), and I realized I wasn’t alone. Maybe the problem is not “those people” and their astonishing accomplishments as much as it’s our response to their success. So I’m now back to my original thought:
You are getting paid exactly what you’re worth.
THEN WHY ARE TEACHERS SO UNDERPAID?
My wife is a teacher. My mother has been a teacher (in education) for 30 years. A teacher was the first person to say to me, “There is something special about you” (thank you, Mr. Martin). Teachers have been given a remarkable responsibility to nurture, instruct, and train, and an even greater opportunity to transform this world. The very same goes for soldiers. In fact, without teachers and soldiers, we would all be STUPID and UNSAFE. Seeing as how these are such honorable positions, why are they so underpaid?
Well, they’re not. They are under-appreciated, yes, but not underpaid.
It is simple: our INCOME is directly related to the CURRENT EXTRINSIC VALUE we bring to others (primarily defined as our usefulness, cost of replacement, and ability to save time or make money). As much as I hate to admit it, Paris Hilton has extraordinary extrinsic value. Whether it’s her ability to draw a crowd or sell hamburgers (both of which mean big bucks in her industry), she can do it better than me. The same goes for that ritzy CEO or devilishly talented athlete. Are their jobs honorable? I’ll leave that for you to decide, but extrinsic value has nothing to do with HONOR. And while that’s all a tough pill to swallow, it’s true.
But here’s the thing. Your significance is not defined by your net worth or your salary. And if you are feeling slighted by the “lifestyles of the rich and famous”, it’s not that they place too much value on money and possessions … it’s that you do. Don’t you see that YOU are the one that generates their wealth?
See, those who choose to live honorable lives must sometimes do so with sacrifice (especially teachers, soldiers and stay-at-home moms). While it is definitely possible to make great money and do what you love, many times the decision to serve your family/community/country will come with a financial cost. If you have made that choice, God bless you for your nobility. But always remember, YOU made the choice.
And if you feel you truly are getting paid less than you deserve, don’t focus on how much less you make than others … instead, continue to add value to those around you (serve them), develop and hone your skills (become a master), and identify ways to distinguish yourself from others in your field (search unique selling proposition or differentiated advantage) … do that and you will soon experience a season of abundant reaping.
*(if you’re curious what your specific job is currently worth, check out Payscale)
Tags: ambition, entertainment industry, money, purpose, success
