I agree, 100k is 50$ an hour, very few jobs pay that much, although i realize not every job is hourly paid. I wish I had of chosen a different career path but I simply don't like school so that does limit your options. A union electricians yearly base wage is about 72g's a year, however most rarely get steady work.K Douglas said:
Is 25$/hr a good wage?
- Thread starter BallzDeep
- Start date
K Douglas said:
This is what I would have answered. You have to put your skills, quals, education, experience, social background, and personal qualities into perspective.
To be an asshole though - if you are over 30 and are earning only $52K per year, you have made some less-than-stellar life choices.
So you're the guy that is going to determine what a real job is? Anybody who doesn't have a car is a failure?Big Rig said:
This isn't a utopian society we are living in. Take a look at the demographic shifts, lax immigration laws, corporate expenditure cuts, and the impact of affirmative action during the past 15 to 20 years. The 1980's are long gone my friend.
I will state for the record that $25/hr is a respectable wage (depending on ones expenses). One will not become wealthy on that salary, but the certainly won't starve either.
I didn't say failure, mon ami. There are a lot of factors other than income that would determine that, and of course everyone on the planet has a different definition of success and failure.jbar said:So I guess that means that the majority of people over 30 are failures right?
Considering the average wage in Ontario is about 15-18 per hour you are doing pretty good I would say. I think the days of the 30 plus bucks an hour for unskilled labour are gone. Manufacturing has gone for a crap in Ontario and I really dont see it rebounding to what it tonce was at least wage wise.
I always use this thought MOST people shop around to get the BEST DEAL.
Why than would business's be any different?
Companies do the same thing ie: If they can get their widgets cheaper at a different location whether it be be the US or China etc they will.
I always use this thought MOST people shop around to get the BEST DEAL.
Why than would business's be any different?
Companies do the same thing ie: If they can get their widgets cheaper at a different location whether it be be the US or China etc they will.
I'm 30ish, and about a half decade out of school into the workforce. I spent many years doing post secondary 'stuff' and living on pittance per year. Mind you students get discounts, and I went home most summers. With those glasses on, yeah, $25 / hr is pretty fracking good.
Now I've been in the workforce for about half a decade, $25 an hour is still pretty fracking good all things considered. At this point I'm doing a hair better than that, plus some very modest benefits. (My family is teachers, nurses, and low grade civil servants-- So I know good benefits when I see them.) On the upside, my wages are still growing very fast as I accumulate experience and land better positions...
I live pretty good.
THE REAL QUESTION IS, HOW ARE YOUR FINANCES STRUCTURED?
If you're sitting on $20 K in credit Card debt, still have 10 K in student debt, paying $1500+ per month for rent / condo morgage + fees / house, and paying $500 per month to lease / buy a car, and are trying to slog away $250 a month for retirement... Your life is going to really suck ass.
If you have 'light debt' (Say under 5K), are paying about $1000+ to rent an apartment, paying $100 for a metropass, and still socking away $250 a month for retirement... You can actually live pretty high on the hog all things considered.
I know that pretty well because that's the point I just moved past. I've always been very conservative with the kind of structural expenses I build into my life... About the worst think anybody can do is turn themselves into a wage slave by leveraging yourself to the hilt. Especially when you find yourself in the situation you're in. 'Freedom' is knowing that no matter what happens you can always walk away and be OK, and that you can ride out any storm. Some of the most miserable people I know went down the condo, car, and keeping up with the Jonses road because a banker said it was OK and a good idea. Forget that- I can have a life, cover emergencies, and provide for my old age. It sure beats looking out the window of my inconveniently located condo doing sweet fuck all and bitching about the price of gas...
Now I've been in the workforce for about half a decade, $25 an hour is still pretty fracking good all things considered. At this point I'm doing a hair better than that, plus some very modest benefits. (My family is teachers, nurses, and low grade civil servants-- So I know good benefits when I see them.) On the upside, my wages are still growing very fast as I accumulate experience and land better positions...
I live pretty good.
THE REAL QUESTION IS, HOW ARE YOUR FINANCES STRUCTURED?
If you're sitting on $20 K in credit Card debt, still have 10 K in student debt, paying $1500+ per month for rent / condo morgage + fees / house, and paying $500 per month to lease / buy a car, and are trying to slog away $250 a month for retirement... Your life is going to really suck ass.
If you have 'light debt' (Say under 5K), are paying about $1000+ to rent an apartment, paying $100 for a metropass, and still socking away $250 a month for retirement... You can actually live pretty high on the hog all things considered.
I know that pretty well because that's the point I just moved past. I've always been very conservative with the kind of structural expenses I build into my life... About the worst think anybody can do is turn themselves into a wage slave by leveraging yourself to the hilt. Especially when you find yourself in the situation you're in. 'Freedom' is knowing that no matter what happens you can always walk away and be OK, and that you can ride out any storm. Some of the most miserable people I know went down the condo, car, and keeping up with the Jonses road because a banker said it was OK and a good idea. Forget that- I can have a life, cover emergencies, and provide for my old age. It sure beats looking out the window of my inconveniently located condo doing sweet fuck all and bitching about the price of gas...
I also live in a city that is 4% the size of TO, so the 100g a year jobs a few and far between, only a couple large corporations where you could move your way up to make that money, not the big business of a big city where you have the big banker and sales jobs.
100gs seems to be the benchmark in Toronto, prolly 70 in my city, having said that, I consider it a job, not what you call a good job. I've always wanted what you would call a good job, my own fault though, because there's opportunity in every city.
100gs seems to be the benchmark in Toronto, prolly 70 in my city, having said that, I consider it a job, not what you call a good job. I've always wanted what you would call a good job, my own fault though, because there's opportunity in every city.
Answer - It depends.
In Toronto, the ONE thing that's a killer expensive here is housing. A place to live. You can drive an hour down the road to Hamilton and pick up a house for a third of what it costs here. (Same house, same type of neighbourhood.)
So 25 bucks an hour in Hamilton is a decent wage.
25 bucks an hour in Toronto as a single guy is hard (unless it's cash - then you're ok.)
But, as a skilled tradesman, in time, you will make more money. You have the ability as an electrician to hang out your own shingle.
The one thing I've learned as I've gotten older is that it don't come easy. You have to fight for every dime.
In Toronto, the ONE thing that's a killer expensive here is housing. A place to live. You can drive an hour down the road to Hamilton and pick up a house for a third of what it costs here. (Same house, same type of neighbourhood.)
So 25 bucks an hour in Hamilton is a decent wage.
25 bucks an hour in Toronto as a single guy is hard (unless it's cash - then you're ok.)
But, as a skilled tradesman, in time, you will make more money. You have the ability as an electrician to hang out your own shingle.
The one thing I've learned as I've gotten older is that it don't come easy. You have to fight for every dime.
There are various things that come in to play
There are various ways you can look into it and it depends mainly on the individual. Ask someone who makes $100000+ and he would laugh in your face, some might even say they pay that in taxes. Ask another person who just got laid off and has bebt and mortgage to pay you get a different answer
I just got out of university with an accounting degree and that is ideal for someone in my position.
I think if you are just coming out of highschool or university that is really nice wage. If you are 50 and have been working for quite a while with a lot of experience you should probably be okay with it because of what is going on with the economy but as soon as it picks up you better start looking for better.
Also it depends on what are your priorities in life.
If you BELIEVE that you must own a bmw and go SPing at least twice a week (in order to have a good life)well you definitelly better get ready for a shit load of debt. But I know people who have lived with less than that and still have a good life. It is really about budgeting, investing and patience
There are various ways you can look into it and it depends mainly on the individual. Ask someone who makes $100000+ and he would laugh in your face, some might even say they pay that in taxes. Ask another person who just got laid off and has bebt and mortgage to pay you get a different answer
I just got out of university with an accounting degree and that is ideal for someone in my position.
I think if you are just coming out of highschool or university that is really nice wage. If you are 50 and have been working for quite a while with a lot of experience you should probably be okay with it because of what is going on with the economy but as soon as it picks up you better start looking for better.
Also it depends on what are your priorities in life.
If you BELIEVE that you must own a bmw and go SPing at least twice a week (in order to have a good life)well you definitelly better get ready for a shit load of debt. But I know people who have lived with less than that and still have a good life. It is really about budgeting, investing and patience
I think lifestyle is key, you have definitely nailed that one. Housing, as you went on to say, is the biggest killer.The Options Menu said:
The two smartest couples I know (in a financial sense):
Couple 1 - Doctor and Veterninarian. The smartest thing they did - choosing to live in a blue-collar neighbourhood. They have a wonderful, neat, perfect, tidy 3-bedroom bungalow, but their neighbours are phone company employees, plumbers, masonry contractors, etc. Gainfully employed blue-collar or low-end white collar families in an un-gilded but fine school district, and they have no mortgage. So....lots of cash for trips around the world, sailboats, motorcycles, dinners out...while their direct peers (other doctors etc) live in much nicer houses in extremely desireable neighbourhoods, send their kids to much more noteworthy schools, have two Mercs in the driveway, and live under a stress-building mountain of debt.
Couple 2 - Accountant and Pilot. Bank one full income. Every month, one full paycheck goes into the bank. They live off the pilot's salary. Their very nice house is not as elaborately furnished as their peers' houses, but its fine. Have already bought their $400K retirement property, and have a healthy nest egg to put a house on it, send the kids to college, etc.
Housing and vehicle ownership are the two biggest income killers. Buy smart, and keep your car for a decade. Then squander the savings on strippers and SPs!!!
That depends, is that take-home pay or do taxes and other deductions still come off that??BallzDeep said:
Also depends if you're single or not. Its horrible pay if you have wifey and 2 kids.
Skimmed through responses here, but you have to remember, $25/hr is minimum wage on the internet. lol But I don't doubt the rare ones on here who've claimed to pull in millions or 10s of millions a year in revenue. The median self-employed income in the first link is $50k--of course being self-employed you can write off so many things.Sammy the Bull said:
I like link #1 better:
http://www.payscale.com/research/CA/City=Toronto/Salary/by_Employer_Type
http://www.payscale.com/research/CA/City=Toronto/Salary
after taxes, 25/hr can't really get u a lot of SPs, unless u blow it all there
guess there's something called the lottery
guess there's something called the lottery
