/biz/ - Business & Finance

>The Springs

if someone else is willing to work for those wages and you are not, that sounds like a YOU problem

>>54163469
Those are the only 3 professions our current fascist regime really needs to stay in power, in case you didnt understand why svb got bailed out. everyone else could probably be on welfare or starving and it wouldn't make any difference in the function of the state

>>54163469
Annual raises still average 3% despite inflation being probably 4x that.

>>54163520
>banker
>politician
>porn star

>>54163469
60k is a great starting salary zoomie

Oh sorry let me translate that for you:

finna make 60k bussin fr fr no cap lit salary for entry level

>>54163469
>What explains this phenomenon?
Central banking.

/thread

>>54163469
just take all the money and invest it while living in your parent's home. simple

>>54163571
>60k is a great starting salary zoomie
no it's not. That's basically 40k before covid

isnt that a good wage for The Springs?

>>54163617
Why do you lie?

>>54163505
>>54163571
LMAOOOOOOOOOOOOOOOOOOOOOOOOOOO

>11 YEARS
>NO WAGE GROWTH

It’s literally the EXACT SAME numbers today, 70k for computer engineers, 70k for aerospace, 60-65k for everyone else. A decade of enormous GDP growth, an almost tripling of the S&P500, and ZERO wage growth for engineers in the US.

Holy fucking shit this is almost comical to read.

https://work.chron.com/engineering-salaries-after-graduating-school-21637.html

>>54163662
Companies just can't get past thinking 100K is a lot of money.

I make 120k with about 8 years of experience in software development and I don't think I'll be able to bust through this ceiling to be quite honest.

>>54163656
entry level people rent apartments and their rents are 30% higher. Realistically that's $300-500 after tax dollars more per month

>>54163686
this is my problem as well, my total comp is about 100k and I'm stuck below all these fucking Gen X engineers and managers who have no care because their zillow estimates are way up

>>54163469
you know theres an underbelly to the middle class too right?

>>54163662
>It’s literally the EXACT SAME numbers today
heh, wouldnt it be funny if it was the same down to the num-
>old number is higher

>>54163692
I see

>>54163469

>Venture capital
>International Israel-based power brokers
>Government spending

Depending on where you live, these three groups control 50-75% of the nation's GDP.

>>54163469
>software development
Perhaps the single industry where Western nations still have a real advantage.
>finance
Industry that thrives in the early stages of decline since people start moving money from productive activities to safe activities.
>medicine
Average age will continue to rise in the West and so will medical costs.

>>54163520
Brother do you know what fascism is? Read Giovanni Gentile

>>54163911
>Average age will continue to rise in the West and so will medical costs.
Doubtful. Lifespans peaked with boomers and everyone is fucked now. Zoomers will be lucky to make it to 50-60.

This is what happens when boomers are in charge.

>>54163662
It's not gonna get any better as long as corporations keep claiming they can't find workers and being allowed to import immigrants who don't have a choice but to work those jobs because of their H1B's. No shit engineers don't want to work for shitty ass $60k a year salaries, color me surprised. You see anyone in congress trying to fix that? Nope. Republicans are misdirecting with border issues down south and Democrats are repeating the "diversity is our strength" mantra over and over. We're getting fucked and there's literally no end in sight.

> 60k for entry-level work
> stagnant
Fuck all the way off, you're just being spoiled.

>>54164001
Yea I do, it's the collusion of the state and big business to control the citizens and economy, aka what we have in America. The control is perpetrated by software engineers and banks, the medical profession is kept up out of necessity

>>54163469
nice, I'm a developer since 10 years, the rest is not my problem (by the way not everyone can be one)

>>54165050
It's not a collusion. Under fascism, capital is subservient to the state. What we have here in America is the state is subservient to capital.

>>54165050
oligarchy and cronyism is not fascism.

>>54163722
Since you write code, can you move somewhere cheaper? I have MSEE, 10 years in controls+embeded hardware development buy only make $92k here in Ohio, but my mortgage is less than $700 a month on an older but good sized property/garage house. This low cost allows me to pay less taxes and spent more on other stuff. I grew up north of Seattle and decided to leave. glad i did since the vaxx retardation was much less here and masking was optional from the beginning. You have good skills and can take a job anywhere.

>>54163686
>>54163722
How is this possible? I am in data analytics remote in KS making 120k a year with 3 yoe

The correct spelling is saguache

>>54163469

>median home is 440k in the springs
>take home pay for 60k salary is 45k
>housing is 80% if your income

t-thanks

>>54163505
If the masses choose to rush into any available position without considering that they can do better then it's their problem; I fail to see what their idiocy has to do with me

>>54165474
my theory is tech salaries became wildly speculative just like everything else

>>54165262
POO
IN
LOO

>>54165583
they can't do better if the market pressure is keeping wages down retard

The real reason is boomers
Go to any industry and they fight like tooth and nail to give you a decent salary with all the boomers who think a 40k salary they started on in the 70’s or 80’s is a ‘right’ salary for you

Tech is incredibly young by comparison and young managers intuitively understand you need 100k minimum to live now. I work in tech now and it’s unbelievable how fast salary increases happen

>>54165625
What they don't realise is that the "market pressure" is caused by them alone; they are like a herd of stampeding beasts in complete ignorance of reality.

>>54165592
Seeing how the bankrun on SVB was caused by many tech companies needing cash to pay bills as income dries up. Many of these remote positions, and high pay positions will probably dry up soon. To ensure the companies investment "you the employee" is productive in hard times, they may try to bring you into the office. This is why I stay is a more stable, less exotic more dependent on speculation career. Apu can write code and analyze data remotely for $30k a year and do a good enough job let them enjoy while they can, the bubble is real and was obvious years out. Dot Com 2.0

>>54165661
yeah I mean if you have a shitload of people competing for the same jobs that's market pressure. This actually means that your job is NOT worth more than you're paid for, kind of essentially. If you don't like it don't get that job, don't get educated for that job, do something else. If you liked a career path so bad that the money isn't the important part, you shouldn't be complaining about the money. Unfortunately engineering in general is kind of an oversaturated field and when you have so many people going into the same fields because they think that's where the money is they're just not going to be paid as much. If you don't like it, you have to fill a niche that isn't oversaturated by everyone else, which takes initiative and decent observation, which is why it will be worth more, because that's actually a lot harder than getting some dumb engineering bsc with a 3 point gpa

>>54165704
>>54165661
also this unfortunately is also just affected by the economy being shit and inflation making your money worthless but this is a separate co-occurring issue that has not as much to do with market pressure in general

>>54163469
Some wagie wages have gone up (retail, warehouse), but work conditions are materially worse than before the pandemic and it's still not enough to survive on when you factor in medical costs from working jobs that run you ragged physically and mentally and leave you sick.

>>54165785
medical compensation is the only thing that's consistently massively growing so I don't know where you're getting this from

>>54165592
You should hop companies man. Job market is still acceptable

Construction/civil engineering are on the lowest totempole. Also that's normal for an ENTRY level. They litteraly didn't teach u shit in college. It's for dudes that were too lazy to get internships while in college

>>54163505
Kill boomers. Behead boomers. Roundhouse kick a boomer into the concrete. Slam dunk a boomer into the trashcan. Crucify filthy olds. Defecate in a boomer's food. Launch boomers into the sun. Stir fry boomers in a wok. Toss boomers into active volcanoes. Urinate into a boomers gas tank. Judo throw boomers into a wood chipper. Twist boomers heads off. Report boomers to the IRS. Karate chop boomers in half. Trap boomers in quicksand. Crush boomers in the trash compactor. Liquefy boomers in a vat of acid. Eat boomers. Dissect boomers. Exterminate boomers in the gas chamber. Stomp boomer skulls with steel toed boots. Cremate boomers in the oven. Lobotomize boomers. Drown boomers in country kitchen buffet grease. Vaporize boomers with a ray gun. Kick old boomers down the stairs. Feed boomers to alligators. Slice boomers with a katana.

>>54163618
No it's shit, the springs is a giant engineering hub

>>54164641
>graduated in 2015 with a meme degree (history) from a mediocre state school
>my entry level salary in a non-sales position at an insurance company in a low cost of living Midwest city was 55K, bonuses pushed it over 60K
>still in insurance in the same part of the country
>currently making 115K base, bonuses get me around 125-130K
60K in 2023bux for any kind of white collar work requiring a degree is a joke, and you're an out of touch boomer or a poorfag seething with jealousy if you think otherwise. Fuck, even what I'm making is significantly less than what boomers made to do the same thing when they were my age after accounting for inflation and eroding purchasing power and higher taxes.

>>54164623
What's going on down south isn't a misdirect you piece of fuck. The problem is that nothing is getting done on any front, megacorp just continues looting at everyone else's expense.

>>54163469
I work in private equity. Not on the investment side unfortunately. I work in portfolio analytics, which is basically a data analytics job. First job out of college. Only using this as a way to move laterally into quantitative/pe research but I might need to go to gradschool. 85k base 30% bonus. Luckily I’m still locked into my apartment I was living in during college so I haven’t been cucked too hard by inflation.

>t. Math/Econ major

>>54163469
>engineer
>construction
That’s civil engineering which doesn’t count. They get the shit end of the stick when it comes to pay.

>>54163617
70k currently is 40k before COVID
>(30% increase)

Haha

We're fucked
Might just quit my job and stop being productive all together

>>54163469
>Entry level
EE here, started at 66k in 2020, job hopped to 85k in 2022, and now negotiating a 108k job

>>54166083
What do you actually do for work?

>>54163469
Yeah I've been applying for new jobs since my current one is shit, and some of the engineering jobs pay less than I made while working as a security guard, which you need to take a 1-week course for. Like who the fuck thinks that an engineer should be paid the same as a security guard

>>54163618
No. Average house is almost 500k there now

>>54166703
Security guard:
>Job that has an inherent risk of bodily harm and could turn dangerous at any moment
>Outdoors all day
>No respect in the eyes of society

Engineer:
>Sit on your ass 90% of the day on the internet pretending you’re doing something
>Work either at home or in a nice office.
>Respected profession

>>54168072
>Job that has an inherent risk of bodily harm and could turn dangerous at any moment
>Security guard
Do you think that their job is like Paul Blart or something? It's one of the safest jobs ever, you don't even need to investigate incidents just phone it in to emergency services.

>>54163469
medicine is also stagnant

>>54165544
>single family home on an entry-level salary
>zero years of experience zero savings
>you did the math accounting for absolutely zero down payment

Absolute brainlet

>>54168102
I’m sure it is, but when you deal with nigs you never know what could happen. When I was in college I used to work at a Macy’s and one of the loss prevention guys was chasing down a nig in store and got pushed down the escalator and was horrifically injured from that situation. Ended up suing Macy’s and won a large sum of money but if I recall correctly he was paralyzed from the incident or had some sort of permanent injury that disabled him.

>>54168231

Are you really claiming that housing is affordable?

>>54163469
i think that's not too bad for a starting salary in the springs. one thing is, Colorado School of Mines is here, so there are lots of engineer graduates every year, that probably contributes to lowering salaries. CSM has a good rep as far as i've heard.

>>54164623
>no end in sight.
oh
there's an end, monty

>>54165544
>>54168231
>>54166028
The net income pay on $60,000 depends on several factors, including the tax laws in the relevant jurisdiction, deductions, and other factors. However, assuming you are a single individual and a US taxpayer, here is a rough estimate of your net income pay based on the 2021 US federal tax rates:

First, we need to calculate your gross income, which is $60,000.
Next, we need to calculate your federal income tax liability. Assuming you take the standard deduction of $12,550 for 2021, your taxable income would be $47,450. Based on the 2021 tax brackets, your federal income tax liability would be approximately $8,269.

We also need to deduct Social Security and Medicare taxes. For 2021, the Social Security tax rate is 6.2% on income up to $142,800, and the Medicare tax rate is 1.45% on all income. Therefore, your Social Security tax liability would be $3,720, and your Medicare tax liability would be $870.
Finally, we can calculate your net income pay by subtracting your federal income tax liability, Social Security tax liability, and Medicare tax liability from your gross income. Thus, your estimated net income pay on $60,000 would be approximately $47,141.

It is important to note that this is just an estimate, and your actual net income pay may be different depending on your specific circumstances. Other factors such as state and local taxes, retirement contributions, and other deductions can also affect your net income pay.

>>54164641Here is a budget breakdown for someone earning $60,000 per year, with a rent payment of $1,794 per month and a car payment of $526 per month:

Gross Annual Income: $60,000

Monthly Gross Income: $5,000 ($60,000 / 12)

Monthly Expenses:

Rent: $1,794
Car Payment: $526
Federal Income Tax: $689*
Social Security Tax: $310*
Medicare Tax: $73*
Health Insurance: $300**
Utilities (Electricity, Water, Gas, Internet, etc.): $300
Groceries: $400
Transportation (Gas, Maintenance, etc.): $200
Personal Care (Toiletries, Haircuts, etc.): $100
Entertainment: $200
Savings: $455
Total Monthly Expenses: $4,447

Net Monthly Income: $553 ($5,000 - $4,447)

*Federal income tax, Social Security tax, and Medicare tax amounts are based on estimated calculations using the assumptions stated in the previous answer.

**The health insurance cost is an estimate and can vary depending on the type of insurance plan and employer contributions.

This budget breakdown is just an example and can vary depending on individual circumstances and location. It is important to prioritize saving and emergency funds in case of unexpected expenses or income changes.

healthcare, finance and "software development", are fields saturated with minorities and jews and women

thus in order to empower minorities, jews and women directly, they are paid more

it is a political phenomenon, the spigot of jew fiat showers upon them to increase their standing in society artificially

>>54163662
>>54163469
Let me put it really simple for you

This game is all about amassing generational wealth

You do not deserve it just by working a 9-5

You will get the bare minimum

Get that thru your dumb entitled head

Your mom was stagnant after I was done if ya catch my drift.