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by rbkillea
2666 days ago
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Now subtract 3 (or 6) percent to account for what money does under inflation (or market growth). If you don't geometric average a growth that outpaces at least 3%, you are working for less than you were when you started. If it's between 3% and 6%, you are being outpaced by institutional investors because your capacity for savings are extremely limited in comparison. |
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Over the last decade, engineer pay certainly hasn't kept up with increases in cost of living expenses, especially in places like SF or NYC.
[1] https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs...