In the wake of their successful assault on Osama Bin Laden's hideout, ABC News did a short feature on the Navy Seals. The report tells us that the people who hold this highly demanding and dangerous get paid about $54,000 a yeat. It then adds that:Read the original post to be the embedded links.
"The base salary level [of Navy Seals] is comparable to the average annual salary for teachers in the U.S., which was $55,350 for the 2009-2010 school year, according to the Digest of Education Statistics.'
That is one possible comparison. There are other possible reference points. For example, the CEOs of Goldman Sachs and J.P. Morgan both pocket around $20 million a year. This means that they make almost twice as much in a day as a Navy Seal earns in a year. Not many bank heads have to worry about getting shot in the line of duty.
Of course some Wall Street types do even better. Hedge fund manager John Paulson reportedly pocketed $5 billion last year. If we assume a 3000 hour work year (presumably he had to put in some overtime), Paulson had to work about 2 minutes to earn as much as a Navy Seal does in a year.
Most people would think that John Paulson must be doing some wondrous good to earn that big salary. From what I can tell his "job" is to maneuver dollars from Person X's pocket to Person Y's pocket. He builds no factories. He saves no lives. He doesn't educate anybody (teachers). And he doesn't make America safer (Navy seals). But he gets the biggest take home pay. Ah... the "wonders" of capitalism!