Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by quickthrower2 on Wednesday May 11, 2022 @03:52AM
(#31337017)
Might be pilots or lawyers but generally they are not overpaid but just paid decent.
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by nikitaga on Wednesday May 11, 2022 @06:16AM
(#31337874)
Over the last 10 years in the US:
Inflation (CPI): 25.2% (2.2% annual increase)
Pilots average wage increase: 67.8% (5.3% annual raise, $118,070 -> $198,190)
Lawyers average wage increase: 13.4% (1.2% annual raise, $130,490 -> $148,030)
A mere 4.1% points difference in their annual pay raises, but it really adds up over the years – pilots started the past decade with lower wages than lawyers, yet ended it much better off. Keeping pace with inflation is extremely important.
https://www.usinflationcalculator.com/
https://www.bls.gov/oes/current/oes532011.htm
http://web.archive.org/web/20120526161129/https://www.bls.go...
https://www.bls.gov/oes/current/oes231011.htm
http://web.archive.org/web/20120526012248/https://www.bls.go...
Yeah well, in reality it's up considerably more. They didn't get to be the 0.1% by accepting sub-inflation pay raises for the last 100+ years. Here is what their actual raises were:
19% in 2021, 16% in 2020, ~14% in 2019 & 2018. Sources below.
Meanwhile that's what average hourly wages increased by:
4.7% in 2021, 1.8% in 2020
https://fortune.com/2022/04/01/ceo-pay-rose-record-19-percen...
https://fortune.com/2021/05/28/ceo-pay-increase-2020-pay-gap...
If you want to make your argument, show a profession which has ACTUALLY been getting sub-inflation raises for a decade or more, but you still consider to be overpaid. It's no coincidence that such combination doesn't exist.