Monday, November 1, 2021

The 2020 ACS Salary Survey is out

From this week's issue of Chemical and Engineering News, the ACS Salary Survey results (article by Andrea Widener): 
Overall, American Chemical Society members have fared well economically through the COVID-19 pandemic, according to the society’s 2021 salary survey. Median annual salaries were down only slightly, according to the survey of 5,488 members, which was conducted from May 7 to June 23, 2021.

Members who work in industry were the one group that saw salaries rise. That increase could be explained, at least in part, by the booming biotech and pharmaceutical sectors. Salaries dropped for members who work in academia and government.

The unemployment rate for ACS members increased slightly, rising to 1.8% from 1.5% in 2020. That is still lower than unemployment had been for the previous 20 years; 2020 was the first time it had fallen below 2% since ACS began collecting data.

ACS publishes C&EN, but C&EN remains editorially independent of ACS. C&EN publishes the ACS salary survey because similar data on chemists’ salaries are not available from other sources. C&EN does not play a role in designing the survey questions, conducting the survey, or analyzing the results. C&EN requested specific data from the ACS salary survey team.

More analysis soon, but it's worth noting that there were definitely two economies in the United States during the pandemic, and industrial ACS members were a part of the one that did mostly better. Read the whole thing.  

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