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BF-He's a manager at high line car store. Originally was sales: $80k and now it's climbing each year (this is year 3 of mgr). 2016 pay was $165. This year should be more in the $175ish range.
I am making about $1-2 more an hour than I was in the late 80's. Different job, different location.
The experts who say "income has been stagnant from the 80's to today" are right as far as I'm concerned.
Now that my state has free tuition for full time students, I am seriously thinking of going back to school to actually finish a degree and not be burdened by lots of student loan debt. I never did finish before as I wasn't about to fall into that trap. I did for one semester and the money was easy to get for tuition, books, living expenses, even bought a well used car for transport, and then I looked at what I was going to owe on, and said "Never again", so my pay-as-you-go plan failed.
THEN, armed with the degree, MAYBE i can make about $4-6 more than I am now.
The only way to make more money in this day and age is to job hop. Although I don't know what field you are in. It only makes sense to get a degree if you need it to advance in the ranks at your current employer. Or if you are looking to get into another field which requires a degree.
Just showing up with a piece of paper in hand at an interview isn't enough anymore. The colleges are pumping out grads at a record never seen before in history. You need to demonstrate you have a skill set that can make the company money. You have to stand out from the rest of the college holding population.
The only way to make more money in this day and age is to job hop. Although I don't know what field you are in. It only makes sense to get a degree if you need it to advance in the ranks at your current employer. Or if you are looking to get into another field which requires a degree.
Just showing up with a piece of paper in hand at an interview isn't enough anymore. The colleges are pumping out grads at a record never seen before in history. You need to demonstrate you have a skill set that can make the company money. You have to stand out from the rest of the college holding population.
But at some point the job hopping has to end. Like the guy at my job who left after a year will definitely have to stay at the next job for at least 3 or more years.
But at some point the job hopping has to end. Like the guy at my job who left after a year will definitely have to stay at the next job for at least 3 or more years.
What for? Companies no longer offer things like pensions which people stick around for. If you can find a better deal elsewhere it is foolish not to pursue it.
The only way to make more money in this day and age is to job hop. Although I don't know what field you are in. It only makes sense to get a degree if you need it to advance in the ranks at your current employer. Or if you are looking to get into another field which requires a degree.
Just showing up with a piece of paper in hand at an interview isn't enough anymore. The colleges are pumping out grads at a record never seen before in history. You need to demonstrate you have a skill set that can make the company money. You have to stand out from the rest of the college holding population.
Took me until my mid-20s to realize this accurate assumption. I still remember getting a phone call when I decided to switch companies and their offer was $11k more than I was making. They acted like it was nothing out of the ordinary, but I was doing flips in excitement.
What for? Companies no longer offer things like pensions which people stick around for. If you can find a better deal elsewhere it is foolish not to pursue it.
If you only stay at one job for only a year how can you stay at the next job for the same length of time? Unless it's done from having a large network where you don't have to apply for open positions posted on websites.
Biggest jump was finally dumping that awful Pepsi perma-temp job and getting a decent job with benefits (not an easy task in my terrible profession).
2011- $40k no benefits of any kind not even paid time of or sick leave
2012-$65k full benefits 4.5% 401k match after 1.5 years.
2016-promotion $80k 4.5% 401k match.
going up about 3% per year and I am thankful for that. If I ever had to switch jobs I'd probably face a 30-50% paycut and inferior benefits.
This is mine, some pretty decent jumps, but pretty steady after I got full time work.
2010: $10k (grad school) no 401k
2011: $24k (grad school with a part-time job) no 401k
2012: $58k (full time internship while finishing dissertation) no 401k match
2013: $75k (full time job) 6% 401k match
2014: $85k (promotion about halfway through the year) 6% 401k match
2015: $93k 6% 401k match
2016: $101k 6% 401k match
2017: ~$120k (promotion at the end of 2016) 6% 401k match
This is just my pay, not HH income and we live in a very low COLA.
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