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>That's $100K/yr, well above the median. The median is gross personal income. It doesn't include insurance plans, unemployment insurance, taxes, or any other
by vharuck 5y ago
>That's $100K/yr, well above the median.
The median is gross personal income. It doesn't include insurance plans, unemployment insurance, taxes, or any other costs of doing business beyond materials. I haven't done the self-employed thing like others on HN, so I'll leave it to them to say if $100k/year is enough to earn the equivalent of a median salary. But anyone who aims to rake in that median is in for a rude surprise.
Edit: I'm not saying you'll be paying all those costs yourself. You don't have to budget for HR training on not stealing from your own supply cabinet. My point is that companies pay a lot more per employee than just salary.
- quesera 5y ago> My point is that companies pay a lot more per employee than just salary Of course, but the person who is paid $50/hr is also paid $100k/yr for a 2000 hour work year.