MIAMI DISCOUNT’ So why do high-skilled jobs here pay less? (wages, professionals)

[boxus]

I think it is pretty telling when you have almost 200 applicants, and 80% of those met the minimum qualifications, for a position requiring a CPA and it had a starting rate of $11-14/hr, in Kendall.

[logybogy]

Newly minted CPA's fresh out of school are making minimum $50k in Florida and more working for a Big 4. Experienced CPA's make six figures+.

If this is for real, these people applying need to run, not walk out of their little Miami bubble and venture out into the real world and make money.

Originally Posted by boxus

I think it is pretty telling when you have almost 200 applicants, and 80% of those met the minimum qualifications, for a position requiring a CPA and it had a starting rate of $11-14/hr, in Kendall.

[Corrie22]

yep...

"The median salary for accountants in Florida was $62,270 a year in 2018 according to the Bureau of Labor Statistics. Experienced accountants in Florida with CPA licenses earned an average of $110,320 a year."

https://www.accountingedu.org/florida.html

granted that's median and average...some will make less....and some will make more

[blueherons]

Sunshine tax.

[buenos]

Originally Posted by blueherons

Sunshine tax.

The sunshine tax is not "70% off".
More like 10-30%.
Some companies pay a 10-30% down adjusted salary (compared to other states), but many others want to double or triple count the sunshine tax, like some kind of fraud. Shenzen, Bangalore wages in the USA???
In other states I have seen salaries of different "reputable" companies to align with each other, while in Florida there are 2 classes of employees, the ones with triple sunshine tax, and the ones with 1x sunshine tax. Even within the same companies, new hires are only allowed in at the lower end of the pay scale, regardless of world class expertise.

[logybogy]

The people that make money in Miami are the small business owners not wage slaves. And education and fancy degrees are not necessarily valued or compensated for because the corporate job market isn't as established as other metros.

It's still a service dominated economy and if you have particular skills you can do very well.

I'd rather be a small business owner doing a construction trade than an accountant in Miami.

[elchevere]

Good point about small business—Forbes and Biz2Credit tends to agree:

https://www.forbes.com/sites/rohitar.../#27d5ca7a9119

https://www.forbes.com/sites/elizabe.../#71644ae5fd7e

https://www.cnbc.com/2019/05/07/this...-us-study.html

Originally Posted by logybogy

The people that make money in Miami are the small business owners not wage slaves. And education and fancy degrees are not necessarily valued or compensated for because the corporate job market isn't as established as other metros.

It's still a service dominated economy and if you have particular skills you can do very well.

I'd rather be a small business owner doing a construction trade than an accountant in Miami.

[WINTERFRONT]

Originally Posted by logybogy

the people that make money in miami are the small business owners not wage slaves. And education and fancy degrees are not necessarily valued or compensated for because the corporate job market isn't as established as other metros.

It's still a service dominated economy and if you have particular skills you can do very well.

I'd rather be a small business owner doing a construction trade than an accountant in miami.

cant agree more!!!!

[bale002]

Originally Posted by logybogy

The people that make money in Miami are the small business owners not wage slaves. And education and fancy degrees are not necessarily valued or compensated for because the corporate job market isn't as established as other metros.

It's still a service dominated economy and if you have particular skills you can do very well.

I'd rather be a small business owner doing a construction trade than an accountant in Miami.

Revenues - expenses = net income


Most small business owners, and anyone who knows how to manage a household budget, understand and live by that equation.

Most wage slaves, both private and public, don't.

[elchevere]

I also agree that employers can pay less because there are people constantly moving here looking to live the Florida dream and take less to do so....similar to being a personal trainer at Equinox—come here hoping to build up a clientele roster that only a very few do with the majority being replaced within 6 months by the next person in line.