George_Washington
DP Veteran
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- Oct 2, 2005
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It seems like people in all sorts of different academic fields are always complaining they don't make nearly as much money as celebrities, athletes, or CEO's.
Well, tough luck.
The wages we give to people are based on our free market system. People are paid based on their value relative to how much their employer thinks they're worth. If you're in an academic field and think you should be making $20 million per year, move to a communist country where you might make more money. But here in America, we have our very efficient and moral free market system.
Furthermore, I am sick of people always saying teachers and professors should make more money. I admire them greatly but I don't believe the government should ever step in and regulate wages. Just because you have a phd degree, doesn't mean you should be making millions of dollars per year. A degree is nice to have but that doesn't mean that wages neccessarily have to be set around it. I'm a big fan of education, don't get me wrong. But I don't think that means you should automatically receive a certain salary. I've encountered people who are medical doctors and have phds and they can be arrogant. I'm sorry but just having a phd doesn't mean we should all praise you like an idol.
It seems like the scientific and engineering communities are always complaining that they don't make as much money as certain people in show business. Well, that's just tough, isn't it. Like I said, we have a free market system and businesses are privately owned. Therefore, employers have a right to pay their employees whatever they want, whenever they want to.
I firmly believe that for the most part an unregulated, free market works the best.
Well, tough luck.
The wages we give to people are based on our free market system. People are paid based on their value relative to how much their employer thinks they're worth. If you're in an academic field and think you should be making $20 million per year, move to a communist country where you might make more money. But here in America, we have our very efficient and moral free market system.
Furthermore, I am sick of people always saying teachers and professors should make more money. I admire them greatly but I don't believe the government should ever step in and regulate wages. Just because you have a phd degree, doesn't mean you should be making millions of dollars per year. A degree is nice to have but that doesn't mean that wages neccessarily have to be set around it. I'm a big fan of education, don't get me wrong. But I don't think that means you should automatically receive a certain salary. I've encountered people who are medical doctors and have phds and they can be arrogant. I'm sorry but just having a phd doesn't mean we should all praise you like an idol.
It seems like the scientific and engineering communities are always complaining that they don't make as much money as certain people in show business. Well, that's just tough, isn't it. Like I said, we have a free market system and businesses are privately owned. Therefore, employers have a right to pay their employees whatever they want, whenever they want to.
I firmly believe that for the most part an unregulated, free market works the best.
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