Depending on the setting and level of experience, an experienced clinical social worker can make excellent money.
I agree with everything you wrote other than this statement. My wish for change would be that you'd clarify your definition of "excellent money" so we don't give the baby social workers the wrong idea.
I am also a clinical social worker in NC. I had a small niche area that was easily generalized and I quickly built up a very good word of mouth/professional referral reputation. When I worked in only private practice, my calendar consistently held 30-40 appointments Monday-Saturday with a very low cancel/reschedule rate.
Still, I would not say I made "excellent money" even when my practice's customary charges were $125/hour. Medicaid, Medicare, and 3rd party insurance reimbursement rates are nowhere near that amount and if you work on contract, you're only still receiving a % of that reimbursed rate.
Not to mention all of the fees associated with maintaining a license, traveling to job site, malpractice insurance, business insurance, marketing fees, client cell phone, supervision if you're in pre-licensure, NASW fees, etc, etc. I had a larger caseload than any of my cohort-mates and made more $ per year than them as well... but I still didn't break $50k working my RUMP off.
The highest paid clinical social workers I know work for the VA. They still don't make what I'd call "excellent money." Perhaps, in other geographic regions, this is a more lucrative career... but in the state of NC, at this time, it is absolutely barely going to get your bills paid each month and that is getting worse by the day. There are a TON of new cuts getting ready to hit by July 2011.
The gov has said she is going to cut anything not Federally mandated with regard to Medicaid coverage. I predict thousands (more) social workers will lose their jobs. We have agencies shutting down right and left b/c they couldn't afford to go CABHA and the market is flooded with LCSW's who end up being community support team leader paperwork monkeys b/c individual therapy is a luxury most people won't pay for in this economy.
I promise I'm not ranting against you... just against a frustrating system of care that lacks basic supports for its hardest working members and compassion for its client base. At my current agency, the largest in my LME, a social worker, hired at the same time as me with 18 years MORE fully licensed experience, only makes $3000 more a year. That's not uncommon.... my internship supervisor from many moons ago has had her LCSW for 26 years with an MSW from a top school and she makes only $4000 more a year than I do right now.
Geographic considerations are key when discussing salary potential for these helping professions. Non-profit positions in NC pay even less and I have four friends who lost their jobs to lay offs in the last 18 months who were non-profit administrators/trainers/exec dirs...
Ok, I'm going to stop ranting now. Ha. Any opportunity to vent, I jump on these days.