this post was submitted on 13 Feb 2024
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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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.

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[–] The_v@lemmy.world 4 points 7 months ago (1 children)

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.