[mytailorisrich]

What does 'overpaid' mean?

Businesses don't pay more than they have to. If a company offers 400k for a job it means they think the person is worth it. If not, the person will likely be fired at some point...

That's all there is to it in a free market, really.

Edit:

The conclusion is that either:

1. They know what they are doing, which means you will generate more value than they pay you whatever they offer (as mentioned I PaulHoule's reply below).

2. They don't. If you think the pay is massively inflated then enjoy it whilst it lasts, because it won't.

[PaulHoule]

I had a friend who was trying to explain Marxism to me (e.g. capitalists rip you off by paying less value than you make) and I told him that (1) I knew Marxism pretty well and (2) I had just worked at a place that was not able to use me effectively thus I was not earning my keep. I told him that I very much wanted to be "underpaid" in the Marxist sense because I'd have a chance of keeping my job and having a sane work situation.