Gen Z College Graduates Are Overestimating Their Average Starting Salary by $50K

Oh my, they are in for a SHOCKING surprise now aren't they? I have seen a few of these guys, they just graduated college with general business or marketing degrees (sometimes worse, Arts degrees) and think they deserve 100K.

For what? What can you do? What can you do that our current experienced long term employees cannot? What super-skill are YOU brining other than "I am a fast learner" or I passed a test that you specifically studied on how to pass that test?

What can you do that merits a starting salary over 100K? What achievements have you accomplished other than having a piece of paper which says I took a bunch of classes, half of them useless?



www.gobankingrates.com...

New college grads are in for some reverse sticker shock. A recent survey by Clever Real Estate found that while the average starting salary for college graduates is $55,260, current college students expect to make $103,880 at their first job.

In 2019, the college students surveyed by Clever expected to make $57,964 — about $10,000 more than the average starting salary at the time, which was $47,000. Just three years later, college students are expecting to make nearly $46,000 more.

“One big reason is the rate of inflation,” Doe said. “Inflation in 2019 hovered around 2%, whereas inflation in 2022 is hovering around 8%. Everyday expenses are much higher in 2022 than in 2019. Therefore, salary expectations are increasing to match the rise in the cost of living.

I spoke to a gen z’er last week and she told me she wanted to be a wedding photographer because they earn 116,000 dollars a year.

I balked. Hahahaha

Good luck. Lol

a reply to: TheAlleghenyGentleman

I work with a stocker, makes 32k a year. And he is also a photographer that makes 40-60k a year…….. working 50-80 hours a week…. So it’s possible BUT the problem the *youngins* don’t get is, unless you are born to money you HAVE to WORK for it…. Lol

a reply to: SeektoUnderstand

I don’t know if wedding photographer is a great goal but to each their own.

I’m a welder and a machinist. I’ve been known to paint some sh it from time to time. I’m also a former marine and professional protective services agent in a past life now I’m pushing 37. Lol I went to college too and still don’t make 55k a year. Bwhahaha let one of them dick bags come and ask me to help them fix their chitty Honda I’m going to ask $400 to change a spark plug.

Lol generation z I hope the work force starts building more safe zones, I hope progress can afford more stress cards and sex change insurance, I hope in this great queer month every company can shut down to celebrate tolerance and fork out big bonuses for the gayest most flamboyant drag star on the crew. I pray the lowest 10% of students are able to get by on their 40mil salaries too.

But,

When it all comes crashing down some asshole somewhere is going to need some old dirty ass warfighter to fix their crap or make them new # or if it’s really bad someone who knows their way around evil men with weapons. Just if I break a nail I want 10k

# these kids

yea Gen Zs are so dumb that they will outlive us all and use tech that we won't be able to use because we will be dead, and they will not.

originally posted by: Brotherman
Bwhahaha let one of them dick bags come and ask me to help them fix their chitty Honda I’m going to ask $400 to change a spark plug.

Be careful saying that. Some sparkplugs need the intake system, the fuel rail assembly and the fuel injectors removed before replacing them. $400 might be a super cheap deal.

originally posted by: Brotherman

# these kids

Maybe Generation Z should skip out on entering the work force altogether, screwing the older generations out of social security.

originally posted by: TheUniverse2
yea Gen Zs are so dumb that they will outlive us all and use tech that we won't be able to use because we will be dead, and they will not.

This doesn't even make sense. They win because they are younger and will outlive everyone else, don't bet on that...lol

Good for them. If workers received the same share of profits they did back in the 1950 -70's, college graduates would be making a 100k. Instead, they are making 50k and the extra 50k is going to the 1%.

And "no", most of the extra labor cost isn't going to be passed on to consumers. Did Amazon lower their prices in 2020 when they were making all that money?

a reply to: Xtrozero


Why wouldn't younger people live longer and see better tech than older people? Unless you think their generation is so dumb that they will all die young?

originally posted by: Daughter2
Good for them. If workers received the same share of profits they did back in the 1950 -70's, college graduates would be making a 100k. Instead, they are making 50k and the extra 50k is going to the 1%.

And "no", most of the extra labor cost isn't going to be passed on to consumers. Did Amazon lower their prices in 2020 when they were making all that money?

your post is the best example of what the op was pointing out about gen Z unrealistic and in your case downright assinine expectations.

employees didnt "receive the same share of profits... back in the 1950-1970s".
they received A WAGE (be hourly or salary) THAT THE JOB PAID.. in fact few companies offered "profit sharing".

a case could be made real wages may have been higher back then, but even that has to take into account the overall economic conditions, regulations, ect.

second.. guess what CHILD... the "1 percent" have ALWAYS EXISTED.. even "back in the 1950-1970"
we didnt demonize them (most of the time) but strived to be like them / achieve success like them.
those like you who had "hateful envy" were less back then however

third , now on to this quote

And "no", most of the extra labor cost isn't going to be passed on to consumers. Did Amazon lower their prices in 2020 when they were making all that money


first your showing your WILLFUL IGNORANCE on business economics.. basic HS economics 101 first chapter if ANY COSTS go up, the company passes it along as PRICE INCREASES to make it up to (listen closely) THE LEVEL THE CONSUMER WILL TOLERATE/PAY.

this is materials, transportation and YES LABOR TOO.

as for "did amazon lower theri prices ... when they were making all that money."

you spoiled brat dont get to tell ANYONE how much they can LEGALLY MAKE.. be as an employee or a company like amazon.
that is called COMMUNISM and there are NO COUNTRIES that practice this that succeeded.
along with people trying (legally and illegally) to move to.

now i bet dollars to donuts you shop on line and even amazon (though could be wrong on the amazon part).
if you do your being a hypocrite .

in conclusion

a. no one is forcing you to work for any particular company.. your free (in a capitalist society like ours) to accept the job or not... dont like the wages.. DONT WORK FOR THEM

b. no one is forcing you to by from any company you think is "price gouging" , unfair, non eco friendly, or whatever criteria you hold.. dont like the prices AMAZON charges, DONT BUY FROM THEM (btw judging by their amount of business they do YOUR THE MINORITY and looney at that)

c. no one is trying (legal or otherwise) and especially in such large numbers to become residence in communistic / socialism countries. In fact if you love socialism so much THERE IS NOTHING STOPPING YOU from leaving the US and moving there. can we help you pack?

lastly

LIFE DOES NOT OWE YOU A DAMN THING NOR IS REQUIRED TO BE FAIR.
its time to GROW UP and realize this.

or in a more simple "catchy" phrase

live isnt fast food , you dont get it your way every time

scrounger

Loved your post!

The truth stings the arrogant and ignorant.

a reply to: scrounger

originally posted by: CloneFarm1000

originally posted by: Brotherman

# these kids

Maybe Generation Z should skip out on entering the work force altogether, screwing the older generations out of social security.

You must have missed the memo.
If you're 45 now, and have been paying into social security since you were 15, you're already not going to see a dime back from it.

If you're younger than 45, you'll just keep paying in until USD crashes, I guess. Retirement is over- we work until we die.

a reply to: infolurker

Yea thats not going to happen. Look here is the reality. We live in a Global trade environment both in goods and services. As a result the only high paying salaries go to positions that either A, can not be outsourced, or B, is so specialized that it can't be outsourced. Look, I remember watching a video on Youtube about college graduates. The USA processes around 1.6 million college graduates a Year. Of that 10% are top tier, so 160,000. India and China each pass around 10X that. or roughly 3 million on total. Why should I as an employer hire you at 100k a year, when I can get 10 people to do the job, with the same skill set in India for that same price, and get more work in return? Because your better? That would be wrong. They are just as smart as you, and even more important they are HUNGRY for a career. They want to PROVE themselves. They will work 50,60, 100 hours a week because they want to move up, and there not the only one.

You want a job that starts at 100k? it better be in math and science. Further, you need to have a Masters, from an elite school, and you had better have several certifications to justify it.

Camain

originally posted by: infolurker
What can you do that merits a starting salary over 100K?

If any of them have a degree in computer science, cybersecurity, engineering, software development or HR our company will hirer them, we are 30 positions short in our division alone and all are high paying roles. We cannot find enough people due to the shortage of workers.

a reply to: scrounger

Except the 1% keeps making more money than ever before. As a society why should we allow this?

How is it benificial for the wealth gap to ne alarmingly increasing?

Kinda silly how upset you get if one person criticizes how our system caters to the rich.

We should be able to criticize the massive greed and wealth gaps in society without being told to go to China.

a reply to: AugustusMasonicus

I'm seeing the same, not only can we not hire anyone but we're losing the people we have because new management doesn't understand the value of good IT/cybersec staff, and instead hire people with no experience at half the rate and expect them to know what they're doing.
PM sent.

originally posted by: lordcomac
I'm seeing the same, not only can we not hire anyone but we're losing the people we have because new management doesn't understand the value of good IT/cybersec staff, and instead hire people with no experience at half the rate and expect them to know what they're doing.
PM sent.

One of our top payment engineers just left and got a 60% base increase. That's only going to cause more people to look.