So if I wanted to switch it up to be a math teacher, I'd be cutting my pay to 45k. After sweating it out for 5 years, I'd be up to 65k, still below what entry-level engineers can make in NYC.
And that's in one of the 2 most expensive housing markets in the country.
Regarding "How little can we possibly pay to keep a warm body in teh room" -- this is why modern conservatives should never be taken seriously on education. The idea of quality never even enters into your thinking? I'm not trying to be histrionic here, but why provide education at all if that's how you feel about it?
EDIT: More on that link. The following quote implies we're both overestimating what a 5-year veteran gets:
"NOTE: If you are eligible for the 5 years longevity, please add $1000 to your annual salary Example: Jane smith had completed 5 years of full-time work for the DOE. She is currently on step 6a with the Masters Differential. Her annual salary is $56,707. Her new salary code is 6V and her new annual salary is $57,707."
That seems to imply 5 years with a master's that you got over those summers and went into debt for gets you to 57k. In New York City. What do I get in finance if I'm good at math, almost triple that?