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Wages


               
2023 Apr 6, 8:05am   1,864 views  19 comments

by GreaterNYCDude   follow (2)  

Overheard a couple discussing their finances last night while out to eat. One if them had finally earned six figures, and were all excited. A milestone to be sure, but on either coast, six figures dosen't go all that far these days.

Raises several questions.

1) What is a "good" salary these days?

2) What, if anything, should be done about the increasing wealth gap?

3) Given the rising cost of living, do you expect wages to finally start rising for thoes who remained employed during this mast recent economic downturn?

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19   B.A.C.A.H.   @   2023 Apr 8, 3:01pm  

Onvacation says

It matters more how you spend your money than how much you make. For the San Francisco Bay Area a good household income would be $150K. You probably wouldn't be buying a house at that salary but you could live a comfortable enjoyable life.

Our household makes around $180K and, in my opinion, we live very well.

One of the challenges I have with these concepts is using the fiat USD to assess situations.

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