Quote:
Originally Posted by Myst
Dont get me wrong I truly appreciate these things - but I also know how incredibly wasteful government spending is. Especially as student, seeing the kind of grants professors received for complete BULLSHIT research makes me sick to the stomach. My friend was bring paid $25/hr counting beetles during a government summer job, and he proudly claimed he only worked 1/10th of the time he was getting paid.
Regardless.. I want to retire by the time im 25. Having half my money go away each year means its going to take twice as much time to be able to do so.. and thats not even factoring the interest of the money im losing as well.
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Well the government has to pay professors a competetive wage to the industry. Most professors could make way more money by not working for the government but most of them want to teach students and then they just accept the opportunity cost. One of my professors wrote a famous book about economics and he told us that he does not make very much money from it. If he had worked the time he needed to write that book he would have made more money. But he got ethos and credibility from that book and that is worth more to him than money.
Moreover you cannot compare your lazy friend doing a summer job with people working for the government every day. When I was young I used to work for a government insurance company too. 10 hours paid per day and I was only working 4 hours maybe. They do not expect summer employees to work as much as the other workers.