[pyrrhotech]

The truth is that the world needs a lot more software engineers than computer scientists. Yes, there are a lot of hard problems that are best solved by government or academic research, but there is a lot more software eating the world. And to develop the vast majority of that software, you don't need much academic CS knowledge.

I know, because I have a mastered in CS and considered getting my Phd. I decided to join industry instead, because I wanted more money. I hardly use any of my CS knowledge on a day to day basis working as a web developer. Yet I make $160k in my mid 20s while my 60 year old professor has never cracked 6 digits... It's sad in a way, but to each his own I guess.

[kazagistar]

I would far prefer to earn half as much if it meant working only on problems I find interesting and spending my time teaching others, instead of churning out websites. To each their own, but your pity for your proffesor is likely misplaced.