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I disagree with your sentiment enough that I want to downvote you (but won't as that's not what downvotes are for). STEM workers are absolutely underpaid in th
by yomly 8y ago
I disagree with your sentiment enough that I want to downvote you (but won't as that's not what downvotes are for).
STEM workers are absolutely underpaid in the EU for their level of qualification - a non-CS PhD grad is "lucky" to earn £30k~ GBP after they move into industry.
£30k pa buys you sweet FA - meanwhile, someone quantitative/techy can go do trading or make webapps to earn 2-5x more
I'd argue that software engineers aren't overpaid, everyone else is underpaid - structural wage stagnation is well documented.
- gaius 8y agoThe British government famously says that technical people should be “on tap, not on top” and that attitude permeates the entire country, with just a very few exceptions
- onemoresoop 8y agoIt's more about experts to be kept on tap and not on top. And it makes sense. https://hbr.org/2012/07/keep-experts-on-tap-not-on-top https://hbr.org/2012/07/keep-experts-on-tap-not-on-top
- gaius 8y agoMagazine for MBAs says MBAs are brilliant and everyone else is just a resource. Not very convincing.
- onemoresoop 8y agoregardless of the magazine, it was not largely about technical people but about experts. It's the first time i'm hearing of 'on tap and not on top' and after reading on what it refers to it made a bit of sense to me. Experts are brilliant in their narrow field but they are not suitable to be at the top level. As to who should be on top is very debatable.. There are generally more examples of bad leadership...
- gaius 8y agoThat is not what is meant by the government. They mean Oxford PPE or STFU.
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- jopsen 8y agoIn Denmark PhD. salary is about 45k GBP, that is the salary you get while writing your PhD. It's might be higher if employed by a company, these number were from the education guide. Europe is big, and it wouldn't surprise me if some parts have low wages. In this case the discrepancy is probably larger because GBP has fallen compared to EUR/DKK post brexit.
- yomly 8y agoLol in London you usually get 18k for living expenses as a PhD student. Meanwhile, undergrad halls can cost as much as £200 pw in London does not compute