> A professorship is a prestige position … Berkeley can get away with paying their faculty barely enough to survive …
Per that logic FAANGs should be paying the least to their software engineers, since prestige..
Sorry, but while I’ll agree there may be something to it when comparing one university to another, it doesn’t add up when comparing a K-12 school teacher to a PhD faculty.
Moreover that was just an example, other universities’ salaries are similar..
It’s supply and demand, not prestige. There are few perfessorship positions, and many qualified to do it, so there is great supply. In this case, supply is high even without high pay due to the prestige.
FAANG high salaries are due to the low supply of engineers skilled enough. Otherwise, FAANG would not compete on pay. As high as FAANG pays, supply is still not high enough to lower pay significantly.
OP is arguing that teachers should not be compared to professors because supply may still not be high relative to demand. Additionally, the job is still essential enough to keep demand high despite lack of prestige.
The K-12 job is usually a hell of a lot harder. In most cases you have to have knowledge in more than one subject, and then deal with whatever psychological issues the students present - whether that's starting fights in class or just not wanting to participate.
In a university setting a problematic and disruptive student just gets kicked out. Nowhere near as much drama.
Per that logic FAANGs should be paying the least to their software engineers, since prestige..
Sorry, but while I’ll agree there may be something to it when comparing one university to another, it doesn’t add up when comparing a K-12 school teacher to a PhD faculty.
Moreover that was just an example, other universities’ salaries are similar..