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You fail to mention parity. I worked for $100/month 25 years ago and that was the average income in the country, a 2 room (1 bedroom, 1 living room) apartment i
by AdrianB1 5y ago
You fail to mention parity. I worked for $100/month 25 years ago and that was the average income in the country, a 2 room (1 bedroom, 1 living room) apartment in Bucharest was $8,000 (I bought one). Yes, nominally an US plumber was earning more, but his living condition were below mine at that time. I am taking my example because we used to be part of the Eastern Block, Russian engineers were earning a bit more.
Now with $3000/month ($36,000/year, before tax) you live pretty well in Bucharest, better than the plumber in US that is making the same or more.
- et2o 5y agoPlumbers in NYC can make >200k
- baybal2 5y agoIn fact, that's more than the prime majority of bankers will ever see. Computer science/coding seemed to have travelled the same trajectory before the stigma faded. A very in demand trade that nobody really wanted to do despite basics being available to many. Back at home, people, including my parents, were categorically refusing to believe that starting salary of a banker could be as low as below $30k (per year) in US, or Canada. That is after many spent their entire life savings, and sold their houses to give their children "business" eduction in the West.
- vostok 5y agoThe word "banker" is a homonym and you're using it in two different ways in your comment. When people imagine bankers making a lot of money, they are talking about investment bankers. When people talk about bankers making $30k, they're talking about retail bankers. These careers have nothing in common with each other. It's like comparing a McDonald's retail employee to a chemical engineer.
- baybal2 5y agoBelieve me, I had no shortage of classmates who ended up starting careers in "boutique investment funds" paying not much better.
- gruez 5y agoWhat roles were those? On bloomberg they said goldman sacs were paying $100k to junior bankers starting. https://www.bloomberg.com/news/articles/2021-08-18/junior-bankers-have-seized-the-upper-hand-on-wall-street-for-now https://www.bloomberg.com/news/articles/2021-08-18/junior-ba...
- ausudhz 5y ago100k for 95 hours a week, sounds like a great plan. You get paid double because you work double of the time. And that's also a niche of the bankers, not everyone of them are ending up on top banks. https://www.bbc.com/news/business-56452494 https://www.bbc.com/news/business-56452494
- MichaelZuo 5y agoDo you have a source?
- gruez 5y agomy guess is that he's referring to the ones that are essentially running a business. Making 200k gross (before expenses) is very feasible.
- deleted 5y ago[deleted]