5 ms·

I'll play the 1% size violin

by ser_tyrion 12y ago

seanflyon 12y ago
More like 2%
ryannevius 12y ago
Sorry to ruin your joke...but that salary wouldn't land you in the 1%.
- aet 12y ago
  400k/yr does though
allsystemsgo 12y ago
I don't really see this as particularly constructive. 250K a year is a lot to be certain but, it's hardly "1%" pay. If you work hard and join a large company like MSFT, Google, Apple, etc. you have potential to make this. It's not that uncommon in the software development world. Besides, why the violin? He isn't bemoaning his decision. He seem happy about it. He may be speaking to all the young recent graduates that are gunning for a role like his. I enjoyed the post.
- vonmoltke 12y ago
  > If you work hard and join a large company like MSFT, Google, Apple, etc. you have potential to make this. It's not that uncommon in the software development world. First, yes it is pretty uncommon in the software development world, because a small number of software engineers work for these companies in areas with pay like that. Second, the software development world is pretty small in the overall employment picture, so the people who work for those companies at that salary are a small minority of a small minority.
- smacktoward 12y ago
  > 250K a year is a lot to be certain but, it's hardly "1%" pay You're right, it's only 1.5% pay. He'd have to make $350K to crack the 1%: http://en.wikipedia.org/wiki/Affluence_in_the_United_States#Median_income_levels http://en.wikipedia.org/wiki/Affluence_in_the_United_States#... Of course, those income figures are household income levels, so if he lives with a spouse/partner/significant other who makes $100K or more, they're in.
lostcolony 12y ago
http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ Maybe 30th percentile, in 2004.
- company 12y ago
  do you know the difference between net worth and income?
- specialp 12y ago
  That is NET worth not annual income. $250k is a very high annual income, and very few people attain this working for someone else. Most people bringing in that amount or higher are running a company.
- vonmoltke 12y ago
  That's net worth, not income. This is income: https://en.wikipedia.org/wiki/Household_income_in_the_United_States#mediaviewer/File:Distribution_of_Annual_Household_Income_in_the_United_States_2012.png https://en.wikipedia.org/wiki/Household_income_in_the_United... That salary is not quite top-1%, but it is at least top 3%.
  - nostrademons 12y ago
    This is also household income, not personal income. Last I checked, the 1% mark for a single guy was roughly $192K/year, and for a household it was about $388K. If his spouse makes an equal amount, he could very well be in the 1%.
- manacit 12y ago
  This is net household value, not salary - it's safe to assume if his salary was ~$250k his household value was significantly larger. In 2010, that salary would have put him somewhere between the top 5% - 1%: http://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/ http://www.financialsamurai.com/how-much-money-do-the-top-in...
- pessimizer 12y ago
cottonseed 12y ago
I'm surprised how literally people are interpreting 1%.

I'll play the 1% size violin

seanflyon 12y ago

More like 2%

ryannevius 12y ago

Sorry to ruin your joke...but that salary wouldn't land you in the 1%.

aet 12y ago
400k/yr does though

allsystemsgo 12y ago

I don't really see this as particularly constructive. 250K a year is a lot to be certain but, it's hardly "1%" pay. If you work hard and join a large company like MSFT, Google, Apple, etc. you have potential to make this. It's not that uncommon in the software development world. Besides, why the violin? He isn't bemoaning his decision. He seem happy about it. He may be speaking to all the young recent graduates that are gunning for a role like his. I enjoyed the post.

vonmoltke 12y ago
> If you work hard and join a large company like MSFT, Google, Apple, etc. you have potential to make this. It's not that uncommon in the software development world. First, yes it is pretty uncommon in the software development world, because a small number of software engineers work for these companies in areas with pay like that. Second, the software development world is pretty small in the overall employment picture, so the people who work for those companies at that salary are a small minority of a small minority.
smacktoward 12y ago
> 250K a year is a lot to be certain but, it's hardly "1%" pay You're right, it's only 1.5% pay. He'd have to make $350K to crack the 1%: http://en.wikipedia.org/wiki/Affluence_in_the_United_States#Median_income_levels http://en.wikipedia.org/wiki/Affluence_in_the_United_States#... Of course, those income figures are household income levels, so if he lives with a spouse/partner/significant other who makes $100K or more, they're in.

lostcolony 12y ago

http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ Maybe 30th percentile, in 2004.

company 12y ago
do you know the difference between net worth and income?
specialp 12y ago
That is NET worth not annual income. $250k is a very high annual income, and very few people attain this working for someone else. Most people bringing in that amount or higher are running a company.
vonmoltke 12y ago
That's net worth, not income. This is income: https://en.wikipedia.org/wiki/Household_income_in_the_United_States#mediaviewer/File:Distribution_of_Annual_Household_Income_in_the_United_States_2012.png https://en.wikipedia.org/wiki/Household_income_in_the_United... That salary is not quite top-1%, but it is at least top 3%.
- nostrademons 12y ago
  This is also household income, not personal income. Last I checked, the 1% mark for a single guy was roughly $192K/year, and for a household it was about $388K. If his spouse makes an equal amount, he could very well be in the 1%.
manacit 12y ago
This is net household value, not salary - it's safe to assume if his salary was ~$250k his household value was significantly larger. In 2010, that salary would have put him somewhere between the top 5% - 1%: http://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/ http://www.financialsamurai.com/how-much-money-do-the-top-in...
pessimizer 12y ago

cottonseed 12y ago

I'm surprised how literally people are interpreting 1%.