Tradelite, I read Robert Samuelson's article.
Very funny. PhDs get less. Lawyers and doctors get more. No worrisome reality here.
PhDs in engineering are mostly foreign students. American Medical Association does not like competition and puts all kinds of barriers. So doctor costs go up. Healthcare costs go up.
-Arun
>Freeman also documents a second worrisome reality: U.S. scientists and engineers aren't well paid, considering their skills and -- especially for PhDs -- the required time for a degree. This means, Freeman says, that "the job market . . . is too weak to attract increasing numbers of U.S. students." Consider some pay comparisons. From 1990 to 2000, average incomes for engineering PhDs increased from $65,000 to $91,000, up 41 percent; PhDs in natural sciences (physics, chemistry) rose from $56,000 to $73,000, up 30 percent. Meanwhile, average doctors' incomes increased from $99,000 to $156,000, up 58 percent; and lawyers went from $77,000 to $115,000, up 49 percent.> |
