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I think the lawyer example is great! People here don’t question how a lawyer or good accountant can charge 500$/hr easily but an engineer, oh heavens no it can’
by t0ughcritic 6y ago
I think the lawyer example is great! People here don’t question how a lawyer or good accountant can charge 500$/hr easily but an engineer, oh heavens no it can’t be possible. Big business pay this because as others have said it’s about returns, and they aren’t experts in the field and they know they’ll make more back. As startup owners or employees, it may be hard to fathom.
If anything more engineers need to be paid even more. Heck even consider a real estate agent that puts your house up for sale, and your house is worth 1m and they get 2.5%, let’s say they walk away with 15k how many hours do you think they spent marketing and managing the sale? In a hot market, where prices are higher and things move fast, even they are reeling in 500$/hr so a PhD level engineer pulling that shouldn’t shock you.