originally posted by: kef33890
I would like to live where you are living....
I have a Bachelor of Science in Business Administration and make 11 bucks an hour soon to be 12 an hour once I get my raise after 3 months....oh and
my insurance, too!
This is pretty normal from what I hear.. people graduate college now and make between 12 and 15 an hour if they are lucky.
If you didn't go to college you will probably make between 7:50 and max out at 10 around here. This is first starting of course. Health insurance is
absolutely mind numbing expensive no matter what it seems, too.
Things suck. You are young and naive if you think it is getting better. Things are ruined and ruined permanently too... better get used to having the
off brand of off-brand cheesy poofs for dinner every night kiddo
It depends on the field. Earnings aren't about the degree, it's about the job you're doing. A degree is just something you pick up after having
studied a subject long enough. It doesn't necessarily make you more valuable if your degree is low value. Business degrees (business administration
being among the worst), are notoriously low paying. Anything business is among the most over produced degree in the US, and as such has low returns.
On top of that, some employers are better than others.
Good jobs do exist out there, I just got myself an internship at a company and I get $60/hour... that's as an intern. Already been given a return
offer for a permanent position... with a pay bump. Assuming I take it, I'll be clearing 100k/year before even having graduated and I live in a very
low COL area (we're talking 1.5% city taxes, 80k houses, 16k median income, etc) and with some good negotiation and perhaps transferring to a higher
COL branch I'm looking at the possibility of $200k to start in my very first job out of college (though, that's a bit of a stretch). I never thought
I would get a job like this one, I always figured I would be penniless, homeless, and unemployed after college... but I lucked out, though I have 4
degrees and 5 come next year so it's not like I walked into this job with zero effort or related skills (and yes, I use all 4 degrees in my work).
$10/hour is the most common wage in the US. It's just high enough that people feel like they're getting a good deal because they're above the
minimum, but it's low enough that people have little purchasing power. When I was walking the dogs yesterday I listened to a guy across the street
who did cable installation brag about his paycheck to some people. He said he made $1700 last month and was talking up how that's a good job. Before
taxes though, that's still only about $11.50 per hour.
My advice to anyone going to college is to pick a field where you have a reasonable (as in, there's lots of job offerings) chance of getting a job
that starts you off at a minimum of $30/hour. That typically means STEM fields, and not even all of them but it also means higher education. If you
like business you need a plan to get an MBA, MBA's make good to great money, a Bachelors in Business... not so much. If that's not for you,
accounting is usually pretty acceptable.
Life is long, focus on something that can make you money first and that you're interested in, once you have that taken care of look at secondary
degrees that also hold your interest but aren't as good economically. Once you have both, you can look at jobs which are an intersection of those
interests. That's where you get a good blend of enjoyment from work as well as pay (and you'll be super in demand in those positions, so the pay will
But, slightly off topic... in all seriousness I have pretty low self esteem. I've said for a decade+ that my time is worthless, and I truly believed
that because I was living on a low fixed income (disability). My time really did hold no value. Because of that, I never really thought of valuing
anything I did. My life started turning around for me when I placed a value on my time. I started off by saying my time is worth $X/hour (I think I
used $5/hour) and I started looking at everything I did through that prism. If something was costing me more in labor than that value, I simply
stopped doing it and cut it out of my life.
For example, one of my sources of entertainment is playing Magic: The Gathering. Sorting cards with a large collection, and building, rebuilding,
changing decks is very time consuming. We're talking 2 hours to make some changes. I saw that it was costing me $10/week (2 hours) to manage cards
when the swaps I was making were only worth $1. So I sold all my low value cards that comprised 98% of my collection (about 100,000 cards), kept the
2000 cards in my collection worth actual money, and started ordering on demand the ones I needed when I need to make a change. That freed up 2
hours/week for me. A net savings of about $9.50/week in time-money.
I started looking at everything I do/buy through that perspective. I don't know exactly what it was that changed things for me, but I credit that