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To: PIF

Did some math.

Graduated in ChemE in 1998

Adjusted for inflation, those numbers are lower in purchasing power (and in some cases dollars) than the published numbers when I graduated.

2008 to 2013 derailed a lot of careers.


17 posted on 06/17/2021 7:54:42 AM PDT by redgolum (If this is civilization, I will be the barbarian. )
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To: redgolum

“Adjusted for inflation, those numbers are lower in purchasing power (and in some cases dollars) than the published numbers when I graduated”

A common starting salary in the early ‘80s was $26-27K / yr for mech/ee/aero; bit higher for chemE/PetE.

Taking a simplistic scale factor of ~ 5X inflation since then (mostly home price), starting salaries now should be around $100-125K. Obviously they are not. There are some notable exceptions for companies that offer stock options, but that’s a small group. In general the result is that engineering salaries are lower across the board.


34 posted on 06/17/2021 8:47:09 AM PDT by Regulator (It's Fraud, Jim)
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To: redgolum

Be assured that certain other fields yielded the same kind of results in certain cases. I was a skilled technician who managed to worked my way up slowly, mostly a very little at a time, & then shortly after the year 2000 the pay really dropped. That might not have been the norm, but it sure happened to me. Prior to that, pay was a little better than average in a mostly low-wage part of the country.


75 posted on 06/17/2021 2:42:22 PM PDT by oldtech
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