The monopoly distinction
December 8, 2020
When I say the word “architect” what do you imagine? It seems that most people imagine individuals in black clothing (most likely a turtleneck) and heavy rimmed glasses. We are here to set the record straight regarding the disconnect between the public’s perception and the reality of architects – for better or worse – so prepare yourself.
Andrew and I sit down with a long list of stereotypes about architects and have a discussion about their reliability and truthfulness.
Is that really a thing? Do all architects do that? Where did that idea even come from?
While we will not get to all the stereotypes, we certainly have strong opinions on each and every item on this list. We attempted to simply identify the stereotype and state whether it was True or False, and in some cases, we did not come to a resounding conclusion because we didn’t always agree with each other, so in these instances, we managed to end up with a “yes, but …” so apparently, we should be more rigid in our evaluations.
The stereotype is that Architects are Rich … is this true or false?
This is False. Most people think that architects are rich although I’m not sure where the demarcation line for “rich” actually begins or how something like that can be defined. While there are several reasons for why this disconnect might exist, some of which I can think of right off the top of my head, most have something to do with our level of education, the sorts of items that we covet, and the manner in which we carry ourselves.
But is this stereotype really false?
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According to the US Bureau of Labor and Statistics, the 2019 Median salary for architects is $80,750 per year and $38.82 per hour.
Based on an $80k median salary (median meaning half make more than this number, half make less), that is more than approximately 64% of individual wage earners in the US and the lowest 10 percent earned less than $48,700, and the highest 10 percent earned more than $137,620.
If we look at capacity – focus on that top 10% number, $137k puts you in some fairly rare air since only 18.6% of wage earners exceed that number … but let’s go one step further shall we? The top 5% of households, three quarters of whom had two income earners, had incomes of $166,200. Using the median average, a dual-income household of architects would be $161,500.
What we can agree on is that architects don’t have as much money as the general public thinks they do … we’re they are just saving our money until we can buy the exact things we want.
- What we can agree on is that architects
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