To: FredZarguna
Doctors have professional degrees [an MD, OD, JD, are "professional doctorates," but many lesser degrees not considered equivalent to a PhD are also professional degrees.]
Second, the average professional degree -- which is what an MD or a lawyer has -- comes out to around $92K according to the BLS most current stats, and this chart actually is pretty close to that at 89+K. It's only off by a few percent , which could be because the year I recall that stat from is different from this year, or because they aren't including some professions in their average. The average nonspecialist physician makes about $185K according to surveys. There are a lot of very poorly paid "professionals" who aren't MD's who bring that number down.
Your reasons notwithstanding, I find the numbers very suspect.
Now that maybe a function of living in LaLa land as I do with higher salaries, but the salaries of technical professionals alone average much higher, as least for my region. And it is a big region in a geographic sense and a numeric sense. Add in all the other "big" metropolitan areas, and these numbers seem to be skewed downwards from reality.
10 posted on
03/28/2014 4:38:06 PM PDT by
SoConPubbie
(Mitt and Obama: They're the same poison, just a different potency)
To: SoConPubbie
You live in an area like Northern Virginia and downstate New York where the cost of living is about 100% higher than the rest of the country. Salaries are also hyper-inflated in those areas -- though not by a full factor of 2. Those parts of the country are not as numerous as you believe in weighting the average (<15%)
The problem with the chart is that in attempting to show the broad relationship between amount of education and pay or unemployment, the categories that it creates are too broad. There are people with "professional degrees" making <40K/year. There are a great many PhD's in humanities and social science who are unemployed, or working in sh!t jobs which have nothing to do with their degrees.
11 posted on
03/28/2014 4:43:07 PM PDT by
FredZarguna
(Das ist nicht nur nicht richtig, es ist nicht einmal falsch!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson