{ "media_type": "text", "post_content": "Saw this and thought it was interesting. I know this is supposed to be the average in the United States, but doesn't everything seem really low? I was making more working full time as a grad student?", "post_id": "5f65fd4a232118001cd3c366", "reply_count": 81, "vote_count": 9, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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Saw this and thought it was interesting. I know this is supposed to be the average in the United States, but doesn't everything seem really low? I was making more working full time as a grad student?

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likefunny
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The average American has a high school degree and some college level classes. FOBs and ABCDs tend to live in a very delicate bubble in this country where they are unaware of many of the nation's realities. Guys like Pops (the IIT wave from the 70s) had some idea because they were here securing the beachhead for ABCDs like me and every single person who knew someone they did back in India who stayed at our house and went with Pops to open a Credit Union bank account so they could save fees.

I'm grateful my Dad made the sacrifices he did to get here and allow me a chance to access the world that I did. But, I'm more glad that he allowed me to rebel and prove my own way and leave the Desi bubble to see how the rest of the country lives.

So... when I started at 22 out of school in Columbus OH, I was paid $42k for a job that was a well regarded corporate job (required a degree) and it was a step up from entry level. I was thrilled to be paid that (this was in 2012). I was paid $56k two years later at another job in Columbus which was for a company that was considered a highly paid employer for the region. These were Fortune 500 companies.

This is all anecdotal. But point is that the $40-50k range is really incredibly normal for many people to be at around the county with a college degree below a manager level. Entry level even less for many. So factor in those without a college degree and those numbers seem pretty realistic to me.

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It seems right, we just live in a bubble where we’re highly paid relative to most of the country

likesmarthelpful

And we are greedy 😂

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PSA: No one using this app is part of the American average. These $200K salaries you see people throwing around are not common.

likesmart

Well you know what I mean. We aren’t average. Yes we are a part of the average. Cmon man give me one.

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Welcome to income inequality

likesmart

I've always been amazed to the lack of awareness of our privilege that I see constantly amongst consultants. Unfortunately, these numbers are real.

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There’s definitely a valid argument against conservatives in regard to income inequality, but this also shows how the liberal covid police on FB don’t understand the American worker either. These people don’t have the choice to sit back and work from home or get everything delivered to them. Everyone on this board including myself is privileged.

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I'ma need a source on that ^

Numbers are accurate. Sad part is people that have degrees start at 40-50k just to have a job then get ~10-20k bump over 5-10 years and are happy with that because they think it’s normal. We’re all pretty privileged. My parents had combined income of barely 50k a year and raised 5 of us but we made it work. Just be grateful

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Very true. I make more than my parents made collectively, and my daughter is an independent business owner and makes less than the median noted, but she loves what she does and is following her passion ... a proud mother I am 😊

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They definitely don't pay us enough to know how to screenshot stuff

likefunny

Wow yeah this is interesting. Almost feels useless though. This is just average salary with no basis for degree or job so all minimum wage jobs are included.

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Wow. I can’t imagine someone being even the least bit statistically or economically literate saying a description of the average being useless...

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Yes there are some people whose salaries would be a rounding error on the taxes paid by the top earners.

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You’re part of the top 5%. The elite. I doubt you think of yourself that way, but you are. Don’t forget it. And don’t forget how hard life is for everyone else. Our biggest challenge as a country is not the left/right divide but the top 5% vs everyone else divide. That propelled Trump. It propelled Bernie. And it’s what drove Greece and Rome (and others) to collapse.

likesmart

Most of my friends in NY, Chicago or SF make $250k-$400k but we probably have the same lifestyle as people living in small towns earning $50k.

likefunny

If it makes you feel better, the 0.1% of top income earners have their own version of FishBowl where they balk at our salaries and wonder how we do without commuting by helicopter, without a personal chef, without owning multiple properties around the world, etc.

funny

Something you have to realize is that the people on this bowl are only a small subset of the US. We’re part of maybe 9% of the working population. We don’t live in reality, in reality most people won’t make over 80k.

likefunny

Yes this is correct

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Yes they’re real but you need to take into consideration externalities. For example - only 1/3 of the United States has a bachelors degree and only 12% have any sort of graduate degree.

When you filter population to be Bachelor and Master’s degree only it’s significantly higher at $54K and $65K. If you filter down for top ranking institutions, it’d be even higher.

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@BCG2 - most regular, well-regarded corporate jobs pay around that amount for recent grads with 6 years of experience. This data probably also includes those who chose to pursue research, creative arts / literature, startups, etc instead of corporate career paths.

Take a look at your classmates from college. I’m sure most of them are not working for BCG.

Welcome to the privileged bubble. Most households make under $75k a year w double income earners

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I’ve recently become paranoid I’ll lose my job due to covid so I’m putting as much away as I can

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Average does not give adequate insight. Need more on distribution, median and mode. But no question that we are extremely fortunate.

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Shit, and I’m at 90k at 23. No wonder all my friends hate me.

likesmart

Even for college graduates (Bachelors’) , there are only a handful of majors that pay a reasonable income (70-100k) straight out of undergrad - CS, Economics, Business, and a few engineering majors. Unfortunately many humanities majors are either forced to continue a path into academia or take up jobs that don’t pay that well. Thankfully, companies are starting to value the soft skills that humanities students bring to the table and are providing them opportunities. I see many friends with non-STEM/business degrees who are being paid well out of undergrad in careers such as marketing and media research.

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sc 4 i agree with that

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