3 ms·

Maybe this will drive up the value of human PhD labor - $240k/year is a lot!

• jltsiren 2y ago
  It depends. If you want to hire a mid-career PhD in a field that has a real job market outside the academia, and the person already has a stable job they are content with, $240k might not be enough. At least unless the job is particularly interesting. And the total cost of employment is obviously higher than the nominal salary. (Which is mostly a convenient lie for tax purposes.) If the total cost including benefits, employer-paid taxes, and mandatory insurance is $240k/year, the nominal salary could be $180k or even lower.
  • dsign 2y ago
    This. In many places of Europe, for example, the salary after taxes and mandatory employer contributions become between 30% and 40% of what the employer disburses. The employee is aware that his 20k raise will become more like 6k, and it's in many cases not worth the increase in responsibility, workload or inconvenience. So employee is more likely to seek fulfillment, economical or otherwise, by other means. But this means that in a few years, people earning 80k per year will be working under the supervision of an AI earning 240k per year. In my sci-fi books, I was leaving that for the 2040s...
• blueplanet200 2y ago
  Doubt it. Increasing the supply of anything rarely results in the price going up.