I remember being in college in the mid seventies (1976) and one of my professors mentioned that with the 2 year degree that his class was the cornerstone of (electronics technology), you could expect to make 30g's a year (he had living examples). I laughed to myself at such a low expected income level. This was in the pre-Jimmy Carter inspired inflation years!
$1.00 in 1976 had the same buying power as $3.89 in 2010.
http://www.dollartimes.com/calculators/inflation.htm
$30,000 x 3.89 = $116,700
I do agree that $116,700 would be a good "working man's" wage in today's economy!
Unfortunately the pay in Cable TV and Satellite is way, way off the mark.
Living on 30g's a year would be tough indeed!!!
Quote:
When I say 50 grand/year, I don't mean before taxes/expenses. In my opinion that isn't making 50 grand a year, it is maybe 30 at that point. Even at 30g's, it may be tight a little bit at times, but still can provide for the family. All it takes is being smart with your money.
Re: starvin out here
Member #: 79951
Registered: 1/5/2011
Posted:
43
Name:
Mangoes
Name:
Steve
Company:
THG
Location:
NC
Personal:
Experience:
~40 years
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