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I’m sorry - without looking at the Feds graphs, are you saying that most workers, he’ll most HNers have had a pay rise of over 30% in the past five years ? If
by lifeisstillgood 2y ago
I’m sorry - without looking at the Feds graphs, are you saying that most workers, he’ll most HNers have had a pay rise of over 30% in the past five years ?
If more than 1 in 10 of HNers on this thread have had annual pay rises of 5% each year every year since 2019 Inwill eat my hat
- SpicyLemonZest 2y agoYes. The statistics show (https://fred.stlouisfed.org/series/LES1252881500Q https://fred.stlouisfed.org/series/LES1252881500Q) that median wages are up 28% since Q1 2019. Note that this is less true of the typical HN crowd, since managerial and professional wages are only up 20% (https://fred.stlouisfed.org/series/LEU0254631400Q https://fred.stlouisfed.org/series/LEU0254631400Q).
- johnnyanmac 2y ago1. I think this is one of the cases where median isn't as helpful as the full 5 numbers. if the median is good but Q1 is barely above living wage, that's 25% of the country struggling. 2. You own math doesn't check out here. the progression here went from ~900 to ~1100. 22 is a much far cry from 30 than 28. you also seem to have underreported the professional wages (28% compared to 20%)
- dmoy 2y agoWhen you include RSU growth, yea probably But tech workers are a pretty minority and higher paid end of the workforce, and the wage gains in the last 5 years were mostly in the bottom 40%. (Which is the exact opposite of what's been happening in prior decade(s))
- johnnyanmac 2y agoYes, and no. I went from $28/hr in 2019, to $140k in 2022, to $50/hr with no benefits in 2024. It's been a bumpy road for me. But I get what you're saying. Even in tech a 30% raise is hard unless you're new (and likely underpaid). 30% for the average worker overall in 5 years is basically unheard of.