How Much Do Millenials Make In A Year (Ages 18-34)?

[Kellhound]

That's nice dear. Except I mentioned skilled workers that are actually in demand that are underpaid. Your reading comprehension seems to be lacking for some reason. Do you want to go the typical route and bash my profession, my union, and the people in it now like you always do?




BloodElf does own a restaurant and he pays his employees fairly but he does make them work a lot. In those hours of work you'll get the "education" in how to handle that kind of workplace. Just because people are in what you would consider an unskilled/uneducated job doesn't mean they are. They're busting their ass providing a service that people require when they show up there to eat. Those people require a livable wage.

If they are "underpaid" they have more supply than demand, it still holds.

I do not bash your profession, but I bash any closed shop union.

[medievalman1]

There's a thing called pride. "I make this" versus "I heat this" in a sense. I think I posted in the McD thread that I do pay $15 or more for employees proven to be valuable.

I seriously will challenge you. Go to work in a scratch restaurant. It's called a "stage" (pronounced "stahj"). Most people don't make the cut. Then we get people complaining about prices of food, having to tip, blah blah blah. Trust me. Spend 10 hours (typical shift) in one of my kitchens, and you'll cry. Unless you're the right person.

Look, I'm not disagreeing with you. Nor am I a stranger to what a hard day at work feels like (I was an ER nurse working 12+ hour shifts).

I have two main points of... I don't even know how to describe what I have with regards to these topics. But, they are as follows:

1) the definition of "living wage" is so incredibly fluid from one person to another that it makes having discussions like this very difficult-as each person's "goalpost" is likely not the same or even similar. For example, living wage for someone may include the cost of phone services, cable/internet, other amenities that are relatively common but not essential, etc.

2) I believe that a person can and should do just about whatever it takes to put themselves into a position to succeed, and not be given handouts that elevate them to succeed. In this I mean, if you're making minimum wage and find this undesirable, do something about it. Find another job, get a practical degree, learn practical skills (this does indeed include intensive on-the-job training that you apparently provide to those that can do it), etc. If these things require sacrifices, even to the point of relocation, so be it.

[belfpala]

Look, I'm not disagreeing with you. Nor am I a stranger to what a hard day at work feels like (I was an ER nurse working 12+ hour shifts).

I have two main points of... I don't even know how to describe what I have with regards to these topics. But, they are as follows:

1) the definition of "living wage" is so incredibly fluid from one person to another that it makes having discussions like this very difficult-as each person's "goalpost" is likely not the same or even similar. For example, living wage for someone may include the cost of phone services, cable/internet, other amenities that are relatively common but not essential, etc.

2) I believe that a person can and should do just about whatever it takes to put themselves into a position to succeed, and not be given handouts that elevate them to succeed. In this I mean, if you're making minimum wage and find this undesirable, do something about it. Find another job, get a practical degree, learn practical skills (this does indeed include intensive on-the-job training that you apparently provide to those that can do it), etc. If these things require sacrifices, even to the point of relocation, so be it.

1. Living wage, to me, is that you have at least food, clothing, and shelter covered. Shelter would include utilities, up to and including basic internet and cellphone these days. We can debate that, as it's just my baseline assumption.

2. Looking at my response to number 1, where is this money coming from to pick up a new skill or education or a full-out relocation?

[kamuimac]

There's a thing called pride.

what pride ? if someone is uneducated without valuable skills there is no point of pride - there is matter of putting roof over their head nad having something to eat - f... peoples pride - if they wanted to be proud of themselves they hsould have learned/studied not being lazy b....s focusing only on partying and geting drunk - i dont feel sorry at all for people who f... up their own life.

seriously how low have we come that somehting which was always job for teenagers after school or during holidays became a valid carrer choice for adoults - f... that people shouldnt aim that low like ever. its their own fault if they do.

also seriusly do you people even think for a second what raising minimal wage that high would do ? it woudl casue crazy inflation because if any moron serving fries would be making 15 $/ hour then specialist instead making 150-200k yearly would demand 300-400k for their knowledge and experience. economy is one huge organizm you can just cure minimum wage without impacting it whole.

[medievalman1]

1. Living wage, to me, is that you have at least food, clothing, and shelter covered. Shelter would include utilities, up to and including basic internet and cellphone these days. We can debate that, as it's just my baseline assumption.

2. Looking at my response to number 1, where is this money coming from to pick up a new skill or education or a full-out relocation?

Wherever it legally could-living extremely frugally to save up, working multiple jobs to save up, utilizing resources from family, friends, even debt if need be.

[Captain N]

Wherever it legally could-living extremely frugally to save up, working multiple jobs to save up, utilizing resources from family, friends, even debt if need be.

Translation: Everyone else can pay for these people. I don't want the cost of my food to increase by a quarter so that these folks can pay their bills.

[Medusa Cascade]

£12,000 all thanks to the tax payer

[Mohangz]

Unpopular opinion here but most millennials are lazy as shit and don't even know how to properly communicate with people in real life in my experience, i'm 27 myself high school drop out learned a trade instead of college doing HVAC service and installation when company requires me too which sucks dicks.

I made almost 75k in 2014 lots of OT my base salary is 62,400 a year and its a non union company. Millennials are part of the participation trophy/instant gratification generation i have 10 years exp in my trade its hard to make money when you keep your self as a child till you hit 22-24 years old

[medievalman1]

Translation: Everyone else can pay for these people. I don't want the cost of my food to increase by a quarter so that these folks can pay their bills.

Ok, that came out of left field. Perhaps after having done everything I mentioned in what you just quoted personally, and lifted myself to a financially well-off position, I expect people to do the same instead of complain about making minimum wage and wanting government intervention to make it better?

[Captain N]

Ok, that came out of left field. Perhaps after having done everything I mentioned in what you just quoted personally, and lifted myself to a financially well-off position, I expect people to do the same instead of complain about making minimum wage and wanting government intervention to make it better?

So the old boot strap claim. That's kind of what I expected. Define "Well-Off" because we have quite a few people here who declare themselves well off and you later find out they're making $40,000/year while sitting neck deep in loan debt.

I'm all for people getting more education and skills but I'm not of the mindset that people should suffer while trying to pull themselves up. I'm also not of the mindset that everyone is in low-paying work because they want to be. As I mentioned earlier all the skills and education in the world doesn't save people from ending up out of work for any number of reasons. Unfortunately most of those people will take anything they can to help pay their bills...even at a massive pay cut from what they're used to.

There's also the net benefit that allowing these folks more money allows you to negotiate your own wages better. Very few people are going to give up their skilled job to go work at McDonald's for $15/hour when they should be able to get more money for their respective skills. Just as an anecdote the city of Chicago passed an ordinance in 2014 raising our minimum wage to $13/hour by 2019. The Unions that represent the railroad engineers and conductors used that to negotiate our wages in our collective bargaining agreement. It was settled that we would all receive a 13% increase over those same 5 years. So for me personally it increases my wage from $550/day that I made in 2014 up to $621.50/day by January 1, 2019. To offset this increase the Company raised the price per box car/grain hopper by $16.

[medievalman1]

So the old boot strap claim. That's kind of what I expected. Define "Well-Off" because we have quite a few people here who declare themselves well off and you later find out they're making $40,000/year while sitting neck deep in loan debt.

I'm all for people getting more education and skills but I'm not of the mindset that people should suffer while trying to pull themselves up. I'm also not of the mindset that everyone is in low-paying work because they want to be. As I mentioned earlier all the skills and education in the world doesn't save people from ending up out of work for any number of reasons. Unfortunately most of those people will take anything they can to help pay their bills...even at a massive pay cut from what they're used to.

There's also the net benefit that allowing these folks more money allows you to negotiate your own wages better. Very few people are going to give up their skilled job to go work at McDonald's for $15/hour when they should be able to get more money for their respective skills. Just as an anecdote the city of Chicago passed an ordinance in 2014 raising our minimum wage to $13/hour by 2019. The Unions that represent the railroad engineers and conductors used that to negotiate our wages in our collective bargaining agreement. It was settled that we would all receive a 13% increase over those same 5 years. So for me personally it increases my wage from $550/day that I made in 2014 up to $621.50/day by January 1, 2019. To offset this increase the Company raised the price per box car/grain hopper by $16.

Well-off for me is my current wage of approximately 80k/year.

Well, I'm glad you're being paid more due indirectly to local government intervention.

[Captain N]

Well-off for me is my current wage of approximately 80k/year.

Well, I'm glad you're being paid more due indirectly to local government intervention.

Then this should not bother you in the least as you'd still maintain your own lifestyle or be able to negotiate a better one.

As for the government intervention part we as a society sort of need people to make money so they can buy things. Velocity of Money is a thing...and there's only so much stuff people in our income bracket and beyond are going to buy before shelving money into banks. If money doesn't move due to stagnation of wages and inflation we start seeing damage done to smaller businesses before anything else. Which in itself tends to be an irony as people like to claim small business will fail if we do raise wages.

[THE Bigzoman]

Not a fresh article (not much would've changed in a year) but I saw the infographic on reddit and found it interesting



http://www.businessinsider.com/mille...e-map-2015-12/

We broke fam!

I'm above the median!


Wait..

Note that the youngest millennials are college-aged and may only be working part-time, which may skew the median downwards.

There goes my ego boost.

[Deleted]

First job. 1 year experience.
I take home roughly 35k, 25k after taxes (euro's)

[belfpala]

Wherever it legally could-living extremely frugally to save up, working multiple jobs to save up, utilizing resources from family, friends, even debt if need be.

I was fortunate enough to have free rent with my mother while I was going to school. Not everyone has that luxury.

I don't ask friends for money as it's a karma thing; if they offer to pay, fine, but I'll expect myself to back them up later.

Debt is a trap in many ways (queue a politics thread). I have friends who ended up hundreds of thousands of dollars in debt for education and aren't making as much as me.

Living frugally. Sure. I spent about 7 years living mostly on things I could cook in a coffee cup in my microwave. It's amazing what one can do with that.

Multiple jobs is bullshit. Essentially an excuse to make a person work over 40 hours with the business owners getting out of paying overtime.

Save up? How? Hypothetical: I'm in school as you suggest, full time. I'm living rent free. I make $7.50 per hour, but because of school I can only work about 20 hours and maintain grades. So I'm making $600/month before payroll taxes. That goes to food, transportation, clothes, maybe doing something with my girlfriend. Anything I save is going to my student loans.

What?

- - - Updated - - -

First job. 1 year experience.
I take home roughly 35k, 25k after taxes (euro's)

/high five.

My first job out of graduate school paid me $160,000 US per year. I did that for about three years before the lifestyle had me completely burned out. I paid off my student loans, and partnered up with a couple guys to open a business. Our net the first year was over $2,000,000. We've opened two other businesses since.

Again, /high five.

(not e-peening. I could have done exactly what I did with no education; just needed the seed money.)

[socanyou]

Not a fresh article (not much would've changed in a year) but I saw the infographic on reddit and found it interesting



http://www.businessinsider.com/mille...e-map-2015-12/

We broke fam!

this can't be very meaningful. pretty much anyone who finished college with an interest in a career is going to start at 40-50k in washington. the lousiest jobs i've seen for people with a bachelors still pay 35-38k starting.

Also, millennials are far wealthier now than previous generations at their age because they hold off on kids/marriage and more women work at higher pay grades. It's the reason they aren't expected to commit to any job for more than 6months to a year, and why they take month long vacations around the world. The only thing that we get a bad deal on is housing, sort of. Quality of life is up by such a long shot that you have no rational way of comparing. A pair of 25 years olds make 100k easily living together, and even with a boat load of debt it costs very little to be comfortable.

[RaoBurning]

this can't be very meaningful. pretty much anyone who finished college with an interest in a career is going to start at 40-50k in washington. the lousiest jobs i've seen for people with a bachelors still pay 35-38k starting.

Also, millennials are far wealthier now than previous generations at their age because they hold off on kids/marriage and more women work at higher pay grades. It's the reason they aren't expected to commit to any job for more than 6months to a year, and why they take month long vacations around the world. The only thing that we get a bad deal on is housing, sort of. Quality of life is up by such a long shot that you have no rational way of comparing. A pair of 25 years olds make 100k easily living together, and even with a boat load of debt it costs very little to be comfortable.

I want to live in the world where these things are real.