I think the formula is: the nobler the job, the more modest the pay…
From ABC News:
What did the Navy SEALs who cornered Osama bin Laden get for pulling off such a risky mission? Their weekly paychecks.
The estimated salary for a Navy SEAL — with over a dozen years of experience and an E-7 pay grade — is about $54,000, according to an estimate based on data from the Department of Defense.
However, all military personnel are eligible to receive higher pay — closer to six figures — with additional skills, which many of the members of the team that captured bin Laden likely had.
“Each of these operations is different, but we get the same amount of pay, so it’s fair,” said John Scorza, MC2, under the Naval Special Warfare Command.
The base salary level 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.
There are also military benefits and base housing, plus extra pay for combat. But you’d think we’d pay people more to do important jobs like these. Meanwhile, America’s hedge fund managers and CEO’s are very well compensated, even when they’re busy wrecking the economy.
Read more here.