These kind of data tends to be misleading. For example, median salary for someone with a graduate degree should be around $55K. There are multitude of factors that determines salary, and the above number is the general median income for bachelor degree holders that will be utilized to show how such presentation of info that is presented below could be misleading.
Let us say someone who makes $50K vs someone who makes $20K. A $500 increase in salary from $20000 to $20500 for the latter would equate to 2.5% increase compared to a $500 increase for a $50K salary, which equates to 1% increase.
How does this increase stack up to inflation?
For example, median price of new houses sold has increased almost 18 times since 1963, whereas wages certainly are not keeping up with this pace.
It is the reason why we have outlined in our company's 21st century vision and mission statement that we would strive and thrive for a sustainable economy based on innovation with concrete and real pragmatic products rather than solely based on middle-(wo)men and/or third-party badmaash inflation and "Where is the bee/Tulipomania" market tactics.
Our focus will also be directed at an individual level to reduce excessive ballooning or inflation effect physically, socially, and financially.
More about our complete set of mission and vision statements soon with this first one:
Strive and Thrive for Genuine Innovation rather than Inflation
Originally shared by Dr. Farzana Rashid Hossain, MD
Wage growth for Americans without a college degree has picked up recently @wsj [What does it mean? How sustainable is it?]
https://twitter.com/fr_hossain/status/954396619956473856
https://twitter.com/fr_hossain/status/942946006429204482
https://twitter.com/fr_hossain/status/954396619956473856
Let us say someone who makes $50K vs someone who makes $20K. A $500 increase in salary from $20000 to $20500 for the latter would equate to 2.5% increase compared to a $500 increase for a $50K salary, which equates to 1% increase.
How does this increase stack up to inflation?
For example, median price of new houses sold has increased almost 18 times since 1963, whereas wages certainly are not keeping up with this pace.
It is the reason why we have outlined in our company's 21st century vision and mission statement that we would strive and thrive for a sustainable economy based on innovation with concrete and real pragmatic products rather than solely based on middle-(wo)men and/or third-party badmaash inflation and "Where is the bee/Tulipomania" market tactics.
Our focus will also be directed at an individual level to reduce excessive ballooning or inflation effect physically, socially, and financially.
More about our complete set of mission and vision statements soon with this first one:
Strive and Thrive for Genuine Innovation rather than Inflation
Originally shared by Dr. Farzana Rashid Hossain, MD
Wage growth for Americans without a college degree has picked up recently @wsj [What does it mean? How sustainable is it?]
https://twitter.com/fr_hossain/status/954396619956473856
https://twitter.com/fr_hossain/status/942946006429204482
https://twitter.com/fr_hossain/status/954396619956473856