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The problem is that compensation is not a constant. It fluxes (see investment banking now without the bonuses). What if you hate your job and only did it because it paid well and now find yourself without that good pay? You'll be miserable. While your job isn't everything, it is what you do for most of your waking day.You don't really need to enjoy your job to make it worth it. Work isn't the only source of enjoyment in life. A job that you don't love or hate but pays better can be just as good.
Look at so many starving artists. They probably love their work, but when they realize that they got no money to pay the bills, then their wives yelling at them... 😉
A job that you love and pays gobs of money is ideal. But life is more often about trade offs than not.
