Prescribing and dispensing psychologists are a booming industry in the United States, with an estimated 10,000-12,000 jobs and an estimated $50 billion in annual revenue.
That’s up from an estimated 4,000 in 2008, according to the Bureau of Labor Statistics.
According to the National Association of Behavioral Health Professionals, psychologists are responsible for more than $15 billion in health care expenditures per year.
The Bureau of Justice Statistics also projects that psychologists will earn $22.6 billion in total compensation this year.
Salary for a psychologist can vary widely, depending on the type of work they do and their level of experience.
According the Bureau, a licensed psychology practitioner will earn an average salary of $60,500.
That compares to $48,000 a year in 2012, the last year for which data is available.
However, the National Bureau of Economic Research (NBER) estimates that psychologist salaries are higher than the average U.S. worker.
For example, a psychology associate will earn about $50,000 annually, while a psychologist’s assistant will earn almost $100,000.
There are also many different types of psychologists, such as in-home, family, and occupational therapists.
The salaries of psychologists vary greatly, as do the types of clinical practice.
Psychologists may be practicing in one location for a period of time, while in-patient practitioners might practice across several locations.
The American Psychological Association (APA) classifies psychologists into four broad categories, according the APA: Clinical Psychologists, Family Psychologists (for children and adolescents), Behavioral Therapy and Consulting (for adults), and Professional Practice Psychologists.
Psychological professionals also can practice as either an academic or as a professional employee, according APA.
What is the pay gap between psychologists and other workers?
Pay gaps are common among psychologists, and researchers have shown that some psychologists do not earn as much as other professionals.
According for 2016 Salary Information Report, which was released in 2018, psychologist salaries were higher than those of workers in other occupations.
For instance, for full-time paid workers, psychologists were earning about $42,000 per year, compared to $30,000 for part-time workers.
However for people working part- time, psychologists earned about $22,000 more than those in the same occupation.
The APA also shows that for women, pay was lower, at $20,200 per year compared to about $36,000 on men.
How much do psychologists make?
According to Bureau of Investigative Journalism (BIJ), a large portion of the pay discrepancy can be attributed to discrimination.
Bijon and colleagues found that psychologists were paid less than other employees.
According a 2017 study, psychologists received less than one-quarter of the same pay as other professions in 2016.
A 2014 study found that women earned 77% of their compensation from tips, while men received 81%.
In addition, the researchers found that discrimination against people of color in the workplace was the reason for the pay gaps.
Why do psychologists face such discrimination?
Although there is no shortage of qualified therapists, many people are afraid of being labeled a “psychologist” or having their jobs questioned due to their profession.
Additionally, some psychologists also fear that they may lose their jobs due to the stigma associated with being a therapist.
The National Association for Behavioral Health (NABH) believes that the pay disparity between psychologists is due to stigma.
The NABH argues that stigma and discrimination lead to a negative view of psychologists as professionals, and a lack of understanding of the role that psychologists play in the lives of people.
According, psychologists have an important role in the healthcare and social justice systems.
They can help individuals and families manage stress and anxiety, as well as provide a safe and nurturing environment to raise children and build relationships.
According Dr. Katherine Brawley, the CEO of the National Institute on Disability and Rehabilitation (NIDR), “It’s important that we recognize the many roles that psychology can play in our lives.
The current economy and technology is creating a lot of opportunities for people who want to enter this profession.
It’s important to have access to information, knowledge and skills that will make a positive impact in the future.”
The Bureau estimates that there are approximately 15,000 psychologists in the U.s. according to data collected by the American Psychological Society.
They make an average of $43,000, but there are also higher salaries and more positions for psychologists working in social service and community settings.
If you’re wondering about salaries, the Bureau estimates a psychologist could earn $75,000 to $80,000 if they were hired full- time and had a full-year of experience and training.
For more information, visit the Bureau’s Salary Information report.
Salary information for behavioral health professionals, occupational therapy, occupational therapists, and psychologists can be found at the Bureau for Professional