Re:Poll: Why are people leaving their jobs?
by liketochill on Friday January 14, 2022 @11:25PM
(#29943524)
Where I live a single family home starts at 1.3 million and townhouses are 1.2 CAD, in a town of 20,000 45 minutes from a major city.
$150 an hour is a charge out rate for a professional engineer not in programming or IT, and trades are closer to $100. $150/hr on salary you probably are in business consulting with a phd and charge out at $400/hr.
$9k usd/mo after paying taxes and for housing is not something that’s readily available here, I don’t think even in IT.
Re:Poll: Why are people leaving their jobs?
by runako on Saturday January 15, 2022 @01:17AM
(#29944061)
I was being generous to the poster, but also I was assuming hourly was not salary but rather a contract/freelance rate.
Re:Poll: Why are people leaving their jobs?
by __turbobrew__ on Saturday January 15, 2022 @12:20AM
(#29943786)
Do you like rock climbing too? Heh
Re:Poll: Why are people leaving their jobs?
by liketochill on Saturday January 15, 2022 @09:40PM
(#29952749)
Not yet… but mountain biking
> $150/hour as a dev
That's about $25k/mo gross. Minus ~50% for taxes and vacation (hourly pay means you buy your vacation). So call it $13k net.
> housing costs $1m+
If you live in a top 10 major metro in the US, this is your city. So call housing ~$4k if you have a family. Now you're at $9k. Buy health insurance for $1500, tally at $7500. Did you mean to save 15% of your gross income, as is the guidance? Minus another $3,750. Tally at $3,750. You haven't bought food or paid for transportation, vacations, clothing, etc. yet. You're not an intense saver, so you need to be confident you can earn at this level for decades to come. You probably are in the process of eating the inflation of '21 & '22 as your contract is not going to re-price automatically, so your earning power is being eroded.
This is why people are pushing to earn more. If you are fortunate enough to have a spouse who is also a high earner, great.