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BLS salary data comes from surveys of employers. I would expect that data to be much more accurate than forum posts. Also, growth in number of jobs is not nec
by mywittyname 4y ago
BLS salary data comes from surveys of employers. I would expect that data to be much more accurate than forum posts.
Also, growth in number of jobs is not necessarily correlated with salary changes. You have to also consider the growth in the number of people entering that field. A PharmD used to be seen as an easy pathway to a guaranteed six figure salary (back when that was a much more rare and significant milestone). It's no wonder it attracted a lot of people into the field, which drove down salaries.
Software will probably see the same situation over the next decade or two. It seems like kids today see programming as a easy way to earn a great living, and many schools & parents are pushing their kids into the space.
- lotsofpulp 4y ago> BLS salary data comes from surveys of employers. I would expect that data to be much more accurate than forum posts. I would expect it to be more biased towards employers. For example, pharmacists were complaining about only getting scheduled for 32 hours per week of work. That is a 25% reduction in pay. They have also had to accept drastic decreases in quality of life at work, increasing their own personal liability for malpractice. These kinds of things would only happen if the supply of pharmacists was outstripping demand of pharmacists. > Also, growth in number of jobs is not necessarily correlated with salary changes. For the purposes of their “job outlook” section, I do not see why it would not correlate. And not just salary, but pay to quality of life at work ratio, which is hard to define as a number.