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that article seems to assume that just because you hired someone, they'll stay with you for decades?
by 0928374082 11mo ago
that article seems to assume that just because you hired someone, they'll stay with you for decades?
- swiftcoder 11mo agoThey probably will if you pay them equitably - my grandfather stayed with US Steel pretty much his whole career, but back then they payed him enough to send 4 kids to college on one salary.
- khannn 11mo agoTotal college cost per year for four kids in your grandfather's time: $10k. Total college cost per year for four kids today: $400k.
- swiftcoder 11mo agoIndeed, wages have not kept up with cost of living
- rmunn 11mo agoWhile that's partly true (modulo certain exceptions such as the cost of living varying quite a bit from place to place), the comment you were replying to was making a point about the cost of college. Which has grown so much faster than general inflation that it's in its very own category.
- swiftcoder 11mo agoI guess I don't see how we can meaningfully measure cost of living without taking into account cost of education. If a salary these days only puts the kids through high school, then the standard of living that salary buys has fallen drastically in practice.
- khannn 11mo agoMy BS comp sci degree was a waste of time, to be real. Fairly certain my first job out of college would have been appropriate for myself as a high school senior. One of my parents and two of my grandparents were programmers without needing anything more than a high school diploma. Despite the push for trades, I couldn't even get an interview without a degree even despite my experience. Add in the increase in the cost of living, stagnant wages, plus inflation and it doesn't make a pretty picture.