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As the evidence mounts that FIRE creates no net benefit and is, in fact, parasitic. A new study shows those causing harm are better compensated than those reducing it.

An oil trader with 10 years in the business is likely to earn at least $1 million this year, while a neurosurgeon with similar time on the job makes less than $600,000, recruiters estimated. After a decade of deal-making, merger bankers take home about $2 million, more than 10 times what a similarly seasoned cancer researcher gets

Then again what are brain surgery and cancer research compared to trading in subprime mortgage debt? Don't worry medical professionals who have spent years of effort and money to gain your skills, every other profession also gets shortchanged in comparison to the banksters.

The pay gap between finance and other professions widened between the 1980s and 2006, exceeding the record set before the Great Depression, according to a 2009 study by Thomas Philippon, a professor at New York University’s Stern School of Business

While the bought priesthood known as the economics profession remains silent after accepting "consulting" contracts. Other academics are raising questions.

"I don’t think it’s healthy for the economy to be this skewed," said Stephen Rose, a 63-year-old professor at Georgetown University’s Center on Education and the Workforce. "I believe there’s some sort of connection between value added to the economy and pay. Everyone is losing sight of any fundamentals."

Skewed? This is the FIRE economy.

Job Description         Estimated Pay            Source

M&A banker with 10       $2 Million       Jeanne Branthover,
years experience                          Boyden Global
                                         Executive Search

Bank oil trader          $1 Million       George Stein,
with 10 years                             Commodity Talent LLC
experience

Corporate bond trader    $1 Million       Jeanne Branthover,
with 10 years                             Boyden Global
experience                                Executive Search

Neurosurgeon with 8-17   $571,000         Rob D’Angelo,
years experience                          Olesky Associates Inc.

Law firm partner with    $600,000         Jeffrey Lowe,
10 Years experience                       Major Lindsey & Africa

Four-star general       $185,000         Tom LaRock, Defense
with more than                            Finance and
34 years experience                       Accounting Services

Cancer researcher        $110,000 to      Rick Hennessey
with 10 years            $160,000         Commonwealth Sciences
experience                                Inc.

Aerospace engineer       $100,000         Peter Bohner,
with 5 to 10 years                        Marymont Group
experience

Architect with 10        $80,000 to       Lonny Rossman,
years experience         $100,000         API Partners LLC

Originally posted to FIREeconomy on Thu Jan 13, 2011 at 10:31 AM PST.

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