Haven’t been an academic myself, but have had colleagues & friends who have been in the academic rabithole in Melbourne , as STEM PhD students/ scientists who their salaries are miserable, 30-40k max, and okay if post doc they may make up to 120k.
If the real science is done in the lab by these guys, how come their bosses get all the money?(and perhaps the credit too)
Posted by TrickyClassic2731
5 Comments
Its just like any other business I suppose. Australian CEOs make on average 50x their workers or something like that, this business is no different.
You could say the same about any business. And yeah, uni is business now unfortunately
Somewhere along the way, they forgot that they are meant to be pursuing knowledge. Instead the focus became running the place like a business instead.
Don’t think of them as universities, think of them as hedge funds that provide classes on the side.
CEO’s getting paid vastly more than they’re worth is how capitalism is meant to work.