To: ninenot
IOW, if you take out the very highest levels of corporate governance, the vast 'middle's' income has gone down, and 20-25% is a reasonable number. The only way this stat makes any sense is maybe average salary of new hires has dropped.
To: Toddsterpatriot
Not necessarily.
New hires (if there are any) can still run in the $30K range (slightly more for EE/ME, slightly less for sales/administratives.) Early word is that college grads are having a hard time finding jobs in their preferred discipline, btw.
The crunch is in the high-end professionals: 10-20 years' experience administratives and IT types. THERE, when their jobs are cut, they find comparable experience requirements pay $15-20K less than they were used to.
Typical IT Project Manager was $80-100K. Now $60-80K. Bennies Manager, same. Customer Service Manager, same. It's almost like taking out a layer of the salary mountain.
155 posted on
04/11/2004 2:52:03 PM PDT by
ninenot
(Minister of Membership, TomasTorquemadaGentlemen'sClub)
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