Private Sector Blog: Where does it pay to be an academic?
… While academics in developing countries had lower wages than their counterparts abroad, they still had salaries that were much larger than the average GDP per capita in their home countries. Faculty in India make 8.7 times more than the average GDP per capita, while that figure is 5.8 and 5.4 for South Africa and Colombia, respectively. In contrast, academics in countries like the United States and Germany earn only between 1.4 and 2.2 times the GDP per capita. In other words, it looks plausible that some academics don't care just about their level of absolute wealth – their wealth relative to the rest of society must be bringing them some utility as well.
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