Earlier quoted context omitted.
Probability distributions are the difference. There are people earning $200k, $500k, and $1M+ in many fields. The probability of getting there (and quality of life while getting there and after you get there), are the important bits of information. For example, if you have to grind out my whole 20s (some of the best years for the human body) doing dissertations and working 80+ hour weeks for near minimum wage (per ho…
Unfortunately, in the USA that's true across PhDs and MDs. It requires about 10-15 years post high school to make more than a living wage. At least for everyone I know, they all ended up with comfortable salaries after finishing their PhDs. Most people spend our best years spending the majority of our time working, and at least for me, scientific research makes it not feel like work. Not everything is about money and…
Also 90k ain’t what it used to be. It’s probably equivalent to 60k 3-4 years ago.