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re: Is Gen Z etc totally out of touch about salaries?

Posted on 5/23/22 at 4:31 pm to
Posted by zippyputt
Member since Jul 2005
7086 posts
Posted on 5/23/22 at 4:31 pm to
Yes.
Posted by Korkstand
Member since Nov 2003
29105 posts
Posted on 5/23/22 at 4:31 pm to
quote:

In terms of MEDIAN individual income in March 2021, here are the facts
About your facts:
quote:

Note that these amounts are in current "international dollars", which is a theoretical dollar often used in country-to-country comparisons. International dollars are not equivalent to U.S. dollars, or euros, or any other real-world currency.
US median for a full time working male is about $55k.
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 5/23/22 at 4:34 pm to
quote:

Have you, I don't know, read the debate?


To anyone that is not "out of touch", it's not even a debate. No one can live on a $30k salary in 2022, regardless of benefits. At least with a part-time $22/hr job at Target, you still have availability to work a 2nd job.
Posted by latxwoman
Member since Mar 2019
824 posts
Posted on 5/23/22 at 4:36 pm to
quote:

I would say that it's way more than half. Majority seems to think that employers have a magic money machine and the only reason they don't pay more, is because they don't want to.

Imagine you cut yards. You have 10 yards that you cut for an average of $50/yard. Word gets out that you do a great job, and your prices are reasonable. You start to get a lot of calls and your business grows to the point where you have to hire help. You hire a couple of people and your business triples. Then along comes the government. Makes decisions that triple your fuel costs and makes parts for your equipment extremely hard to get. Your guys want more money due to increase in inflation. So, you raise your prices to $75/yard. You end up losing 10 customers who now see the service as unaffordable. What's the first thing you do? That's right, LAY OFF AN EMPLOYEE! Sad thing is, at this rate, in the scenario above, the guy will end up back with no employees and less than the 10 yards he started with.......until the market corrects itself. That's when you will really see the pain.

Does everyone really think all those self-checkout lanes everywhere are just because the place doesn't want to hire people?


This just happened to me. I am working remotely. I was a small business owner, and up until the beginning of the year, made very good money.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53535 posts
Posted on 5/23/22 at 4:36 pm to
quote:

No one can live on a $30k salary in 2022, regardless of benefits

What percentage of 18 yr olds right out of HS could support themselves to begin with?
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 5/23/22 at 4:40 pm to
quote:

No one can live on a $30k salary in 2022

It wouldn't be that hard outside of high-cost areas like NYC, SF, etc...
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 5/23/22 at 4:41 pm to
quote:

WildTchoupitoulas


out of touch, i see
Posted by GreatLakesTiger24
Member since May 2012
60672 posts
Posted on 5/23/22 at 4:44 pm to
quote:

What percentage of 18 yr olds right out of HS could support themselves to begin with?
why is everyone hung up on recent high school graduates? Have y’all ever been to a warehouse?

And again it’s not about how it “should” be or what someone should be able to afford. Why would anyone do that job for $15/hour in an expensive area with a hot job market?
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 5/23/22 at 4:50 pm to
quote:

out of touch, i see

Not really.

When I was fresh out of high school, I had roommates. A friend of mine has a 2-bed apt. on Hyacinth in BR that she rents for $1,000/mo. I could easily move in and make it on $30k with $500 rent. But I know how to budget, I also know the difference between needs and wants, and live quite frugally now. Hell, my Entergy bill last month at the house was $63.42.

I'm cheap.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 5/23/22 at 4:51 pm to
quote:

I could easily move in and make it on $30k with $500 ren


I'll call bullshite. I hope you don't need to eat or commute or want to ever do ANYTHING for fun.

If the above is true, you might have a hundred bucks or so to add to your savings account every month
This post was edited on 5/23/22 at 4:53 pm
Posted by Korkstand
Member since Nov 2003
29105 posts
Posted on 5/23/22 at 5:01 pm to
quote:

I could easily move in and make it on $30k with $500 rent. But I know how to budget
Then let's see it. Lay out a budget with rent, food, electricity, water, car (plus ins), gas, and phone. Just surviving and working, let's exclude any sort of living. No entertainment, no TV, no movies, no dates, no eating out, no books, no concerts, no drinking, no traveling, no gifts, no anything. No accidents, no vehicle maintenance, absolute perfection otherwise.

And your $30k is $25-27k after taxes. Go.
Posted by Centinel
Idaho
Member since Sep 2016
45999 posts
Posted on 5/23/22 at 5:01 pm to
quote:

I hope you don't need to eat


Eating healthy food can be very cheap if you're not an idiot.

quote:

or commute


Can be avoided if you don't want to live/work in a trendy city. Need vs. want.

quote:

or want to ever do ANYTHING for fun.



Doing things for fun is a want, not a need. We're talking need here. Not want. See above.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
31402 posts
Posted on 5/23/22 at 5:05 pm to
quote:

At $15/hour when chicken is $4/pound and gas is $5/gallon


Sounds like you have a problem with Biden. Unskilled labor getting paid $15.00 is over paid labor
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 5/23/22 at 5:05 pm to
quote:

Eating healthy food can be very cheap if you're not an idiot.


once again, out of touch. Let me know what you think 7 days of "healthy food" from the grocery store costs right now, in May of 2022.
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 5/23/22 at 5:05 pm to
quote:

I hope you don't need to eat or commute or want to ever do ANYTHING for fun.

If the above is true, you might have a hundred bucks or so to add to your savings account every month


I understand that we're talking about STARTING.

I'm not talking about a lifetime, but for a few years? Yeah, I could do that. Already a lot of the stuff I do for "fun" is largely free, maybe add alcohol and gas.

I'm telling you, I'm cheap. I don't have any cable at the house. The only internet I have is through my iPhone as a mobile hotspot. I'm currently saving about 60% of my gross income - but then, the house is paid for so no rent. I'm currently getting ready to retire next January (at 57), so I'm kind of clamping down now for the home stretch. But I've lived paycheck to paycheck for 32 years .
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 5/23/22 at 5:06 pm to
quote:

Eating healthy food can be very cheap if you're not an idiot.


Of course, probably $200 a month if you go sale proteins and only rice and beans and such.

Or put another way, over 10% of your take home.

quote:

Can be avoided if you don't want to live/work in a trendy city. Need vs. want.


Typically the more rural an area the longer the commute. You'd have to live near a city center to not have to commute for a majority of jobs. Or live in an industrial park, which is typically ghetto as hell.

And that would still cost you $500/month according to his post. 25%+ of take home.

quote:

Doing things for fun is a want, not a need. We're talking need here. Not want. See above.


People NEED to do things other than wakeup, go to work, eat rice and beans and go to sleep or they'll kill themselves. Literally.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299705 posts
Posted on 5/23/22 at 5:06 pm to
quote:

ready to retire next January (at 57),


Well shite, congrats..
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 5/23/22 at 5:07 pm to
quote:

I'm not talking about a lifetime, but for a few years? Yeah, I could do that.


Show your work then. Should be easy
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 5/23/22 at 5:08 pm to
quote:

Then let's see it. Lay out a budget with rent, food, electricity, water, car (plus ins), gas, and phone. Just surviving and working


Don't forget the premiums for that health care "benefit" being deducted from each paycheck also.
Posted by Centinel
Idaho
Member since Sep 2016
45999 posts
Posted on 5/23/22 at 5:08 pm to
quote:

People NEED to do things other than wakeup, go to work, eat rice and beans and go to sleep or they'll kill themselves. Literally.


Yet this has been the standard existence for the majority of humanity for thousands of years. Without the suicides I might add.


Why is that? Why do places that are at extreme poverty levels with subsistence farming have much lower levels of suicide than the US, the most rich, comfortable, and safe country in the history of this planet?
This post was edited on 5/23/22 at 5:11 pm
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