WSJ Your Money Briefing Is Your Salary Too High for Today’s Job Market?
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May 21, 2025 Workers are grappling with a cooling job market, facing a harsh reality where high salaries might be a liability. As the economy shifts, high earners are reevaluating their worth and adjusting salary expectations. The trend of salary transparency is influencing how employees view compensation, making it seem more transactional. With job transitions leading to fewer pay raises, financial preparedness and savings have become crucial for many navigating this uncertain landscape.
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Pandemic Pay Spike Reality
- Pandemic-era talent demand inflated wages significantly, creating a temporary spike in earnings for many workers.
- Some individuals anticipated a correction, while others expected continuous salary growth, leading to financial stress.
High Pay Leads to Layoff Suspicions
- One worker tripled his compensation joining Meta and suspects high pay led to later layoff.
- A sales manager also felt labeled 'overpaid' before being laid off.
Salary Transparency Reveals Overpayment
- Two thirds of workers report being paid at or above market rates for their skills.
- Increased salary transparency makes it easier to identify overpayment in today's job market.