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They certainly do, compared to, say, industry or (some) National Labs. Where I work (a National Lab, though arguably one of the most overpaid ones), *master's students* make more than many State University tenure-track professors; post-docs usually make more than full physics professors; beginning "Scientist"s make more than 10+ year tenured profs.
I intend to quit soon, and attempt to find a teaching/research position at a college or university. I'll be hard-pressed to find one that will offer me 2/3 of what I currently make, and for an arguably much more important job.