After the credit crisis there was lots of noise about banker compensation.
For good reason, people questioned bankers’ role and how much they’d been paid.
There’s certainly lots wrong with compensation in our society, including…
How Many Bankers Are Underpaid
Most bankers didn’t join the industry expecting little reward.
If you’d told them decades ago, give your life to this and one day you’ll be making 0.25X, many would have chosen a different path.
Of course relative to the average worker bankers are ridiculously paid.
But relative to others providing such massive value to our society as reading lines or catching balls, not so much.
Nor relative to what bankers give to get paid.