Inflation Bites U.S. Engineering Salaries

Re:Inflation Bites U.S. Engineering Salaries by phillipcarter on Wednesday September 27, 2023 @08:23PM (#37683517)

I read this as more a reflection on the reality that children require dual incomes, not that software jobs all of a sudden got less valuable. Children have been luxury items - to some extent, depending on region - for a long time in the US. The only people I knew growing up who weren't dual income had rich families that actually fronted the bill for children. Single family homes have been unattainable for most since at least 2008. And so on.

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Re:Inflation Bites U.S. Engineering Salaries by tempsy on Wednesday September 27, 2023 @08:50PM (#37683750)

if you don’t own a house yet and now staring at a mortgage at 7.5% instead of 2.5% you’re going to spend thousands more a month in interest as part of your mortgage payment, not accounting for home price appreciation since the low rates of 2021.

so it doesn’t matter if you make $200k-$300k a year in a high paid profession a mortgage these days will require a much higher % of your take home pay than someone who bought the same house at 2.5%

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Re:Inflation Bites U.S. Engineering Salaries by phillipcarter on Wednesday September 27, 2023 @08:57PM (#37683795)

Yes, as was the case throughout most of US history. Housing has never been, and likely never will be, a financial guarantee aside for the rich. I certainly hope people didn't get into software thinking it was a magical get-rich-quick scheme, because it's never been that. It certainly is a high-paying profession that allows you to live a comfortable life with amenities.

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Re:Inflation Bites U.S. Engineering Salaries by tempsy on Wednesday September 27, 2023 @09:23PM (#37683993)

you won’t be able to comfortably afford a $1M house, which would be well below average in a coastal area where SWE jobs are mostly located, at today’s rates if you make $200k. Would be tight even on $300k.

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Re:Inflation Bites U.S. Engineering Salaries by mensetmanusman on Thursday September 28, 2023 @08:24AM (#37688600)

Childcare is so expensive that a single taxable income and someone staying home watching the kids of quite viable.

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