Sticky wages question

[PharmaCVS]

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So I hear this a lot in pharmacy but just in general, I feel as though starting salaries have been stagnant for every career meanwhile inflation has been going on consistently.

For example, my dad got a bachelors in the early 1980s and had a starting salary between 35-40k. Today, my friends with bachelors are all still starting at that same rate meanwhile inflation has changed the purchasing power of that salary considerably since the 80s.

My question is how long can this keep up? College tuition and prices of goods are steadily rising meanwhile pharmacists and basically most careers have had stagnant salaries for a long while. It doesnt make sense to me - I feel like something is gonna give.

 

[owlegrad]

So I hear this a lot in pharmacy but just in general, I feel as though starting salaries have been stagnant for every career meanwhile inflation has been going on consistently.

For example, my dad got a bachelors in the early 1980s and had a starting salary between 35-40k. Today, my friends with bachelors are all still starting at that same rate meanwhile inflation has changed the purchasing power of that salary considerably since the 80s.

My question is how long can this keep up? College tuition and prices of goods are steadily rising meanwhile pharmacists and basically most careers have had stagnant salaries for a long while. It doesnt make sense to me - I feel like something is gonna give.

Well with tax cuts our economy should explode and salaries across the board will take off like a rocket.

 

[WVUPharm2007]

Welcome to the 21st century. You get to witness the death of labor as a means to support one's self in the face of advancing robotics, automation, and AI. As market capitalism goes through its final death throes as the rest of our lifetimes continue on, expect it to get worse, and worse, and worse until our grandchildren figure out what economic system will replace it. They'll probably be way smarter than us and figure it all out. We're going to sit here and try to make a square peg fit into a round hole as more and more people begin to live in abject poverty.

Good news is that we'll all be dead in 100 years and none of this will matter - so that's the fun fallback in all of this. Failure is perfectly fine in the long run. Nobody in the year 2200 will give a **** about anything about you.

 

[wagrxm2000]

This is what happens when you have a Democrat in the office for eight years........

 

[Rouelle]

Well with tax cuts our economy should explode and salaries across the board will take off like a rocket.

Agreed. I’m eagerly awaiting a time of financial prosperity for all after tax reform is enacted.

 

[Lnsean]

So I hear this a lot in pharmacy but just in general, I feel as though starting salaries have been stagnant for every career meanwhile inflation has been going on consistently.

For example, my dad got a bachelors in the early 1980s and had a starting salary between 35-40k. Today, my friends with bachelors are all still starting at that same rate meanwhile inflation has changed the purchasing power of that salary considerably since the 80s.

My question is how long can this keep up? College tuition and prices of goods are steadily rising meanwhile pharmacists and basically most careers have had stagnant salaries for a long while. It doesnt make sense to me - I feel like something is gonna give.

just get lucky and be in a high demand field in which you're also extremely good at it. tech salaries have skyrocketed recently and if you're smart, passionately, and have drive...you'll grow your income immensely. it's anecdotal, but I know a few people in tech who started out way below my salary and have all surpassed me in the last couple years. One guy started at 65k and is now making like 180k base with thousands in additional stock compensation. Everyone in my pharmacy class that I know...who is still working in pharmacy...is all hovering around the same pay for the past 10 years.

 

[Momus]

Welcome to middle class.