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> The next generation, 20 years younger than me, is utterly fucked, in basically all ways. I thank my lucky stars that I wasn't born in the late 90s. There's g
by jjav 5y ago
> The next generation, 20 years younger than me, is utterly fucked, in basically all ways. I thank my lucky stars that I wasn't born in the late 90s.
There's good and there's bad, it's not that clear cut.
Entry level salaries today are through the roof like nothing I've ever experienced before.
I started working in the early 90s with a masters degree from a top school (CMU) for $32K and that was a good job, most of my peers started in the high $20Ks.
According to https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/ $30K then is just under $60K today.
As HN knows, starting salaries these days are way more than $60K. I've personally hired new grads for over $150K, possibly closer to $200K if the RSUs do well. That's over $100K in early-90s dollars. Even our SVP wasn't making that kind of money back then.
So the early career income potential is so high today that it actually becomes possible to implement things like FIRE and retire in your 30s.