Background: I studied chemistry as an undergrad and started a PhD after an internship at Merck. I couldn't see how I could support my family long term so I switched to tech.
'tech' is short for 'technology' in the oed's sense 1b, 'practical arts collectively', for which their first citation is from 01859, referring to, as it happens, chemistry; specifically, the formulation of varnishes for wood
https://archive.org/details/oed9barch/page/n548/mode/1up
possibly also the second half of their sense 1a, '... the scientific study of the practical or industrial arts,' for which i think the first citation is from bentham in 01802–12
obviously in the 19th century they weren't talking about software
your idea is good though
i hope you do it
How so?
For chemists who complete a doctorate, a brief search shows that a PhD graduate (after 4–7+ years of low pay as a graduate student after a Bachelor's) can plausibly earn about $125,000 USD with some luck as a starting salary as a scientist in industry. A Master's graduate can likely earn close to that. But I've heard that the job market is tougher for research positions—a fair number of people switch into other fields such as medical device sales and sales engineering (with eye-wateringly large salaries of plausibly greater than $400,000 USD a year from what I've heard), data science, or software.
But careers aren't only about the money, though. It sounds like the author of the submitted article has lived a fulfilling life without a primary focus on salary, and it certainly looks like people who enjoy chemistry research won't struggle financially for their efforts. However, there's still a salary gap, especially at the level of a Bachelor's: it looks clear that other fields pay a lot more for similar amounts of effort. Note that I lack personal experience in this field, though—people who have gone through this path likely have better, more specific insights about the career.
Other stem fields that pay more, tend to have more men. (I will not speculate about causes. I'm only noticing a correlation.)
That said, I think it's more likely that loan incentives for STEM majors have steered too many people into job skills that aren't in demand because education and education policy both lag far behind industry.
Policy making is almost always slower than economic flux by an exponential margin. That's why capitalism works for decades and centuries longer than other more policy dependent economic systems.
Oh well... The beauty of life is you can change your mind and make a career in anything you can figure out. Well, unless you are already carrying $50k in student debt that can't be dismissed through bankruptcy, like many chem grads are in the US. We can thank the government for helping us decide on a STEM degree.
Some will argue that we signed up for it, so we should have to pay it. But, that makes no sense. The FTC is there to protect consumers who get sold on bad loans and false claims of benefits.
Who is protecting students? I think that's the bigger issue, if we're talking about chemistry in the US.