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Inflation is 25-30% over the past few years, that applies to base pay and stock grants, so those 169k are worth as much as 125k - typical salary 10 years ago. A
by akomtu 3y ago
Inflation is 25-30% over the past few years, that applies to base pay and stock grants, so those 169k are worth as much as 125k - typical salary 10 years ago. And with the 7.5% interest rate, those 125k buy as much house as 65k in 2013. I don't envy them. Those with median income live in median cities, with median rent and median mortgage.
- nonethewiser 3y agoRead the article. Engineering salaries increased in absolute terms but decreased by about 7.2k adjusted for inflation.
- akomtu 3y agoI don't need an article to do these basic calculations.
- imtringued 3y agoThe entire point of the article is that it does these basic calculations for you... for every single year since 1994...