“AN, my compensation is not high relative to my position, I’m fairly compensated given my relative position, but that compensation is high relative to the median HHI.
My point is not that overpaid people are in more jeopordy in a downturn (that is a given), but rather that companies will opt to downsize in general and it will get increasingly difficult to find high paying jobs period.”
JWM, do you consider $100-200k/year high relative to the median HHI? If yes, do you expect nurses, pharmacists, dentist, optometrist, etc. will need to worry about their jobs as well? Do you expect people to stop getting into accidents, getting sick, needing medicine, needing their teeth clean, getting their eyes checked out, if/when the recession come?
