Tag

Salary Gap

All articles tagged with #salary gap

science-and-technology1 month ago•7 min saved

AI Researchers Weigh $1.5M Industry Pay Gap Against Academic Freedom

A National Bureau of Economic Research analysis reveals that top-tier AI researchers in the private sector earn $1.5 million more annually than their academic counterparts. Despite this significant 'academia tax,' many scientists remain in universities due to the freedom to choose long-term research directions and the satisfaction of mentoring students. However, hybrid roles are emerging as a compromise, allowing researchers to split time between corporate funding and academic autonomy.

via Nature|

#academia #ai-careers #hybrid-roles

finance3 years ago•2 min saved

Bank of China Implements Nationwide Salary Gap Reduction Initiative - Sources

Bank of China has initiated a nationwide effort to reduce salary gaps among its employees and mid- and high-level managers in response to China's "common prosperity" drive, aimed at addressing income inequality. The bank has implemented a "salary management system reform plan" at its headquarters, with plans to roll it out to branches across the country within the next two years. The plan involves raising salaries for employees below mid-level managers by 10% to 15% and reducing salaries for higher-level managers by a similar range. This move follows pay cuts at other financial institutions and aims to address wealth inequality within the bank.

via Yahoo Finance|

#bank-of-china #common-prosperity #finance

sports3 years ago•8 min saved

Brittney Griner's Return Highlights WNBA Salaries and Creates New Normal.

WNBA players continue to go abroad to supplement their salaries, which remain far below what they can make competing in Europe and elsewhere around the world. The average salary among 151 WNBA athletes was $102,751 in 2022, while the league’s top-paid players are earning the maximum of $234,936. The WNBA faces continued questions about why so many of its top stars go abroad to supplement their salaries and make what experts say they are worth. The league's structure and revenue sharing are part of the reason why. WNBA players get a much smaller share of league revenues compared with their NBA counterparts.

via Al Jazeera English|

#brittney-griner #revenue-sharing #salary-gap