|I still look at my paystub, even though I know exactly what|
will be printed on it... Photo credit: gcccd.edu
While I think there is plenty of evidence elsewhere for the "sticky wages" observation, it's been my observation that there is no such issue in the field of industrial chemistry. The 2010 ACS salary survey registered a median salary drop of 3.2% in 2009. It seems like even before the mass outsourcing of positions to East/South Asia, there were plenty of CROs popping up who were willing to lower their offered wages. (I suppose, though, that the fact that new firms were the ones to lower their wages is potential evidence for 'sticky wages.') In addition, I see no evidence that either entry-level chemists or mid-career professionals have not been willing to lower their wages to take on positions at companies that pay less than the industry average.
Readers, what do you think? Know any chemists who have been staying unemployed to hold out for a higher wage?