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> This is a hiring market that they can easily dominate by offering salaries of 50k-90k

Yes. Most of academia pays as per NIH guidelines -- http://www.niaid.nih.gov/researchfunding/paybud/pages/salary...

Even 60K will get them a PhD with 5 years of experience anyday

Yeah but think of the cost of living difference. I'd much rather make 40k doing a post-doc at Carnegie Mellon in cheap-ass Pittsburgh than make 50k in the Bay Area. The rent difference alone is going to be way more than 10k.

Great link, I didn't even know such a salary cap existed. I guess that explains a lot of it.

For reference, PhD plus 7 years experience is a total of 12-14 years experience, depending on how long the PhD took.

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