If you are over 50, you need to double in your mind what current salaries are. My salary from 10 years ago is only decent now, where it was exceptional. So much so, that I have decided to look for new employment, after many years with the same company to see what is out there.
I have been shocked to learn what some 30 something year old non managers are getting now from some companies.
How much? Tell us?
I meant to add that $200K is a relatively low salary these days.
While I'm at it, the reporter in this story seems to have some trouble with reading comprehension and/or statistics. A separate report from a credible source wrote:
Alphabet Inc. reported median employee compensation of $273,493 for 2020, an increase from $258,708 in 2019, according to company filings. The figure is well above the median employee pay of $111,130 for the top 20 U.S. publicly traded information technology firms by market capitalization in 2020. To determine its median employee, Alphabet analyzed all its workers, excluding its CEO, as of Dec. 31, 2020, and used base salary and actual bonus as the main compensation metrics. Alphabet annualized wages and salaries for employees that were not employed for the full year to calculate its median employee compensation.
This is a little better - the median isn't susceptible to extreme values biasing the metric, as can happen with the average. Further, the metric is TOTAL COMPENSATION and not just base salary.
Nonetheless, if Amazon's MEDIAN total comp is about $300k, many of us are in the wrong business. OR, they're bloated and the hedge fund guy has a point.