Is Your Salary Too High for Today’s Job Market?

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  Here's your Money Briefing for Wednesday, May 21st.

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  I'm Derek Dennis for The Wall Street Journal.

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  Imagine coming to the realization you're overpaid in the workplace.

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  Many workers are discovering they are,

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  after finding out the salary they commanded just a few short years ago isn't what they would earn now in an uncertain economy.

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  What stings for some of these workers is it's not like they're failing to live up to the deals that they sign necessarily.

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  It's really more that the wages are beginning to fall in tech and some other industries.

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  We talked to Wall Street Journal columnist Callum Borshers about how some workers are facing the prospect that a smaller paycheck might be in their future.

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  That's after the break.

• 01:04

  High earners are finding they have to adjust their salary expectations in today's cooling job market.

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  Wall Street Journal on-the-clock columnist Callum Borschers joins me.

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  So, Callum, what changed?

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  Well,

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  the short version is that the pandemic-era talent war that goosed the earnings of so many Americans came to an end.

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  And so what we see now is more job switchers having to settle for lateral moves or maybe even taking pay cuts than a few years ago and even more than a few months ago.

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  So do you think it was a good thing for workers to seek out jobs that offered a big pay increase?

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  Are they being punished for that now?

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  I mean, look, far be it from me to say people shouldn't have taken big raises.

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  But I think the second guess is this.

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  Were you realistic about your income trajectory?

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