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CSUF Salary Comparison Between Chief Executive and Farmworker Discussion

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CSUF Salary Comparison Between Chief Executive and Farmworker Discussion

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Half a Mil Difference
Out of a pool of 1070 different occupations, psychiatrists have the 6th highest average annual salary in the United States while dishwashers have
the 6th lowest average annual salary. Psychiatrists are physicians who are able to diagnose, treat and help prevent mental disorders with the
authority to prescribe any necessary medication; the starting average salary is $220,380.With a two percent increase in salary each year,
psychiatrists will earn $500,000 annually. Dishwashers usually work in restaurant kitchens to clean dishes and food equipment in the backend;
the starting annual salary of a dishwasher is $23,000 depending on many factors. With a two percent increase in salary, dishwashers will earn
$50,000 annually after a 40 year period. The difference between the salaries are significantly contrasting with nearly half a million dollar
difference in salary after 40 years.
Anesthesiologists Earn 11x More Than Childcare Workers
We always hear how important getting an excellent education is and how it can set up your family and the generations to come. But how much
more earning power will specific jobs provide you? For this example, we used the average median annual salary of an anesthesiologist and
compared that to the median annual salary of a childcare worker. The differences were staggering. With 2 percent inflation over the next 40
years, anesthesiologists earn a total of 16 million dollars, while a childcare worker will earn just above 1.5 million dollars. That means
anesthesiologists earn 11 times more than a childcare worker over the same amount of years. How about if we just look at it after 10 years?
After 10 years, the anesthesiologist will make 3.2 million dollars while the child care worker will have made just below 300 thousand dollars. The
difference are staggering, showingthe reality of attending college with a plan of what you want to do afterwards.
Considering of Being a Surgeon? The 2nd Highest Paying Job in the US
Surgeons
Yearly Salary: $255,110
Annual salary increases: 2%
Total Employee Earnings over 40-yearwork: $15,409,150
Cashiers
Yearly Salary: $23,240
Annual salary increases: 2%
Total Employee Earnings over 40-yearwork: $1,403,742
Based on the data obtained above, surgeons earn more in terms of its yearly salary and the total of employee earnings over the course of 40
years. With a yearly salary of $255,110 and an annual increase of 2%, a surgeon could get an increase of approximately $5,000-$11,000 annually
over 40 years. Not to mention the bonuses that they earn for staying in the hospital. Compare to cashiers with a yearly salary of $23,240 and an
annual increase of 2%, a cashier gets an annual increase of approximately $400 to $1,000 annually over 40 years. However, to be a surgeon, you
have to take medical school and specialty residency that would take you approximately 10-12 years of study. But as a cashier, you don’t need
any degree and you could have more time in your life figuring out what you really want to do. Do Entrepreneurship do accounting career, and go
to college, which is a good substitute as you learn how to manage money from your experience as a cashier. I believe that any amount that gives
you a total of more than $6 million over the course of 40 years is a good choice of carrier. It gives you a good range of $75,000 -$150,000 annual
salary over the course of 40 years, which include the 2% annual increase.
Psychiatrists vs. Gaming Dealers
For workers in the Psychiatrists occupation, who make an average of $220,380 a year, are looking to make a total of $13,311,389.05 over the
span of a 40-year career. Keep in mind that this annual wage is increasing by 2% every year. The average yearly increase is $6,417. The estimated
employment number in this occupation is 25,360.
The lowest paying industry in this occupation is Offices of Other Health Care Practitioners with an annual wage of $231,090 and an employee
count of 1,190. The employee concentration for this industry is .13%.
For workers in the Gaming Dealers industry, who make an average of $23,070 a year are looking to make a total of $1,393,473.57 over the span
of a 40 year career, with a 2%annual increase. The average yearly increase over the span of 40 years is $671.77. The estimated employment
number is 92,350.
The highest paying industry for this occupation is Social Advocacy Organizations, with Annual Mean Wage of $40,990. The estimate on how
many current employees there are in thisindustry has yet to be released.
Comparing the lowest paying industry in the highest occupation with the highest paying industry in the lowest paying occupation, psychiatrist
working in Offices of Other Health Care Practitioners make on average $208,020 more than Gaming Dealers working in Social Advocacy
Organizations. This goes to show the large pay gap between the two industries is substantially large. Looking at the Occupations, the difference
in average annual wage over a 40 year period is $11,917,915.30.

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