This is close to us, but part of his salary is "summer salary" that he has to find for himself through grants, consulting, etc. I work part-time in non-profit. We have pretty much the median household income for the DC area (which in 2015 was $109k). It really depends on field, type of school, how famous you are, etc. |
This is very true for humanities adjuncts. I know a few cobbling together courses at a few places to survive. It is much less true for law -- most adjuncts are practicing attorneys who specialize in the areas where they adjunct, who enjoy being able to say "I teach this at (good school my DH works for)." They have no delusions they will ever be tenure track. |
subsidized doesn't mean free. the housing in those apartments can still be many thousands of dollars per month, even at subsidized prices. |
this is partly true. yes it was their choice, but young people might not be aware of what that choice really means, and also, circumstances can change for the worse during the training. even at this topic, where people are supposedly informed, someone stated that professors make 300k without acknowledging the odds of getting such a position. very few people are aware of the realities of the academic market, and a vast majority of them are those who already have phds and have failed to land a good position. very few undergrads or their parents and even professors understand what the market is like. when i entered phd program, it was still possible to go straight to TT after getting a phd. a decade later, it takes two or more postdocs to be competitive. if you don't see the wast that is the academic system you are an idiot. the fact of the matter is that top schools could staff most of their departments with people who would pay to work. that's right, if you advertised harvard professorship that only has zero salary but where you need to pay, say, 50k a year to teach, you will still get many dozens of applicants for each position. |
nah, it's very affordable. it's also scaled to an individual's income. |
how sure are you of this? i was paying maybe 60% of the market price as a phd student. |
Wow. That seems a genuinely low salary for someone with a PhD in the sciences. (Forgive me as I'm not in academia but just lurking on this thread. I was never smart enough for a PhD -- especially in the sciences, and went to law school and now make a great salary in corporate America.) It seems like someone with a PhD in the sciences must be brilliant and therefore could get a job in a big tech firm of some kind? |
Maybe, but you clearly don't understand how state u budgeting works. Very little of the funding is state appropriations. Some of it is tuition. MOST of it is donors / fundraising / grants, etc. If the English department could do some stellar fundraising, they could get a $21 million building, too. Just happens that athletics is one of the easiest areas to fund (ticket sales, gear, merchandise, big name donors). |
this. I don't know what the PP thinks this guy's example shows beyond that anyone can have a passion job and still have a luxurious lifestyle if they marry rich. |
NP. I read that PP's point was that it's clear we don't value education as a society because that money is not going to professors. It's going to the "brand." It's not the education that matters to people, it's the name on the diploma, similar to the name on a pair of jeans or the logo on a car. |
| I know three tenured professors, all brilliant, all extraordinary personalities, all tenured at R1/Ivys. They make decent salaries, but getting tenure was SLOW and HARD and a financial struggle. I made more than any of them did as a nonprofit/govt lawyer than they did for many eyars. They also work harder than anyone I know. They do have awesome lives and lifestyles (now that they have tenure) but they got it honestly. Also let me repeat that they are truly extraordinary people who are not only brilliant in their fields, but also interpersonally brilliant. Based on this, I think academia is extremely difficult. |
exactly. those 75k/year you will be paying pays for a trustworthy Xth tier label that says "i am smarter and more interesting than those wearing label from X+1, ... n tier college". it has almost nothing to do with who teaches what and even what is being taught, much less learned. knowledge has never been so free and plentiful; one can learn almost everything on his own. |
It is the responsibility of parents and educators to help educate young people and guide them towards making rational decisions. If a young person makes a poor decision due to poor parenting or education, it isn't the fault or the responsibility of the market to make them whole. To the contrary, it is very natural for the market to reveal just how difficult their choice is and force them to seek alternative career paths. If someone is under the illusion that professors were well paid, that's due to a lack of effort in researching the pay of professors, especially in this day and age of information availability and transparency. I too wasted time in the process of my education. I have three degrees, one of which was redundant to a degree that I am certain I could have done without, and iffy on one more. Sure I got a sense of personal fulfillment out of the degrees, but the only one that makes me money is the third and last one. When I graduated with a CS degree, the tech bubble burst - talk about bad timing. I am one of the PPs that tremendously argued that our current education system is wasteful, but it has little relationship with how well professors are paid since the situation is that there is an abundance of money, not lack thereof. If anything, the current wasteful education system encourages over-hiring of professors, and artificially high pay. Yet despite this, you have so many more people who wants to get into this academic track, is because parents/schools have been so passive and "supportive" of the whims of students so as to doom them to a life of disappointment. Again, the point here isn't to gloat over people who can't find their way in the academic career path, or how well/poorly professors are paid, but that the market does not owe anyone anything - people are paid based on supply and demand, not how much we value the underlying education services. Simply put, people who can teach is in abundance, and therefore wages are low. |
PP here. He will be traveling even if he didn't marry rich. His trips abroad are paid for by the school or whatever organization paid for him to be in attendance. Sure, if he wasn't married to an investment banker, he may have a smaller apartment in Jersey rather than a condo in Manhattan, but none of the stuff he shares on facebook shows off his personal wealth, which I know is substantial only in so far as I've known him all my life and we are quite close. What he has, money can't buy, as I can ably demonstrate if you happen to be the third person in the same room listening to our conversation. |
And my point is that this is clearly hogwash because the value we place in something is *NOT* strictly correlated with what we pay for it. Again I use the water analogy: it is extremely valuable as without it we all would die. But water is in ready supply so even the bottled stuff is pretty affordable. Education is very valuable, without it we would regress as a civilization, but because educators are in such abundant supply, they are paid very little for providing education services. Again, how much we pay professors is not strictly correlated with the value of education since the market is so overly saturated in terms of provider-to-consumer ratio. |