Sun, 03 Sep 2006
What's with journalists and their propensity for "he makes more in a day
than you do in a year" stories! Sure, GE's CEO makes 300 times more than an
average teacher, but that's comparing apples to oranges. Does the average GE employee make that much? Are there teachers who make a lot more than the average teacher's salary (assuming professors count as teachers)? Do any of the latter make in the range of a million? (Yes, those in university administration or with popular, lucrative books.) Even if the highest paid professor doesn't make as much as GE's CEO, that's just how the market works; any teacher is free to go into industry and make more money.
I ranted about salary stories previously here.