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I was looking at a website called Salary.com and there were salaries and total compensation of lots of high level managers at public companies. For all the talk about the 1% the impression I got is that in 2016 there are lots of people who make really good money who are not in super senior positions. Lots of people making $200K plus who are not even director or VP level.
Don't you think that today there is a lot more people living a really good life today than any time in the past? Lots of upper middle class with a lifestyle that people used to just dream about.
Total compensation often includes non-cash benefits worth 1/4 to 1/3 or more of total compensation, so cash salaries are generally lower than they appear.
I was looking at a website called Salary.com and there were salaries and total compensation of lots of high level managers at public companies. For all the talk about the 1% the impression I got is that in 2016 there are lots of people who make really good money who are not in super senior positions. Lots of people making $200K plus who are not even director or VP level.
Don't you think that today there is a lot more people living a really good life today than any time in the past? Lots of upper middle class with a lifestyle that people used to just dream about.
When I was still a employee, my accruals added up to an additional $40,000 a year. So add the accruals to the gross pay and that's the salary's that you see. That would show up in total salary estimates. Another problem with most people's views of income is that they look at gross pay. Gross pay does nothing except impress the less informed. The only pay that means any thing is take home pay after all deductions and all taxes are taken out. The take home pay is the money that the employee can spend.
So, no, people are not living any better now then in the past.
I dunno.
I go to Hawaii or the Carib and see hundreds of nice boats...there are waiting lists for all sorts of nice cars...and now real estate is an insane bidding war everywhere you turn.
I think lots of people are doing really, really well.
Why would you need to be a VP to make $200k? You just need job skills that are rare enough and that create enough value to justify that comp package. In the high cost of living areas, $200k is doing OK but it's not considered big money. Top-5% household income in Massachusetts is $266k. There are lots of cubicle trolls in metro-Boston with $200k comp packages. Ditto NYC tri-state, metro DC, LA, or SFO.
We had outside sales people in our industry making 200k a year in commissions. Many of the industrail motor control sales people in our industry do well.
I was driving through my home town where I grew up in the 1960s and 70s and the first thing I noticed that the homes of the richest people in town built during that era were really nothing to talk about in 2016. Houses of the rich of that era which seemed like mansions at the time are just middle class homes today.
I dunno.
I go to Hawaii or the Carib and see hundreds of nice boats...there are waiting lists for all sorts of nice cars...and now real estate is an insane bidding war everywhere you turn.
I think lots of people are doing really, really well.
But do the boats, cars, and houses really mean they earned the money, or did they borrow it all and put on a facade of wealth they don't really have, like this guy?
But do the boats, cars, and houses really mean they earned the money, or did they borrow it all and put on a facade of wealth they don't really have, like this guy?
Why does everyone assume if you buy some nice toys, you are up to your eyeballs in debt?
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