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I personally haven't found the paycut from Industry to Academia to be as minimal as he implies, at least in Computer Science. I am making easily twice as much working for Google as I could have hoped for landing a tenure-track position. That's a significant difference.

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Yeah, "My pay didn't go down much." != "Academia pays pretty much the same as industry."

Google have a reputation for paying above market rates, do they not?

No, not really. They pay about market in Silicon Valley. I believe Apple pays more, for example.

Analyze the overproduction of PHDs vs open tenure track jobs. Comparing a tenure job to working at google would be a fair apples to apples comparison.

The situation is not as bad as the liberal arts where being one of the thousands of resumes picked for a tenure track job would be like getting one of the few Nobel prizes in a hard science.

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