Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.
Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.
Am on the tail end of Gen X and when I started working even low pay allowed me to afford a place to live, food to eat, and doing fun things occasionally. While work sucked, it at least paid the bills and allowed the freedom to live. Plus there were still some companies that offered actual long term perks, tried and keep people with experience around, and promoted from within.
Gen Z still gets the low pay, but are treated as expendable, and can’t afford anything and so it is understandable that they would hate working in comparison.
Want to have fun. Look up where you lived as a young adult and calculate how much it would cost today.
First wage out of college 28K. In two years it was up to 42K. Since it was a government job, I can look up the wage today. Start is at $37K, in two years its $55K
Studio apartment $650/month then, $1,800 now for the same place. Included heating and electricity and a awesome view from the 22nd floor.
Car with 30K miles on it, $185/month plus $50/month insurance. Now $550/month plus $200/month insurance.
Groceries $150/month (I ate well). Now $400/month.
Student loan, $50/month. Now $200 per month.
Phone (landline). $40/month. Now $60/month cell phone.
Take home when I started, around $1650/month. Expenses $1,125. 2 years later when I was making 42K, take home was around $2,450. I paid off the student loans, the most of the car, and had a ton of fun, traveled, dated, and eventually got married.
Today take home would’ve around. $2,150/month and the cost of living as I did would be around $3,010. Even after 2 years I could barely squeak by with around $3,200/month take home.