Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (25277)	11/10/2002 4:46:29 PM
From: Moominoid	Read Replies (2) of 74559

btw, just to state something. If anyone was offended by my remarks yesterday (about salary), please accept my apology. It was meant as a friendly jibe, not as an insult or intended to offend I'm not offended by this LOl - just curious. I'll easily believe that a plumber working for himself will get the amount you stated - with time getting to the jobs, expenses etc. it probably will go down to a lower annual average. I was just questioning the comparison with US "salaries". In 1988 my immigration lawyer processed my green card for about $1200. I phoned her last week. Her rate is now $400 per hour That seems a high billing rate for an immigration lawyer. I think mine is charging something like $125 per hour. But not every hour is a billable hour and yes there are overheads. I haven't doubted that business owners can make lots of money. Salaries and wages in the $US 1/4 million plus range are very rare as a percent of the workforce. The kind of people who post on SI of course know a lot more people in this category than is represented in the avergae population. I remember a survey they did that showed average incoem around $100k. So what does that tell me? $200k+ jobs are not that rare in the USA in reality. I am exrapolating from 1995 plus the knowledge that a company that had 600+ employees also had over 20 directors, vice presidents, and senior executives. They earned less then me??? Pull the other one -lol- 20/600 is 3.3% and that was in a high wage part of the economy to start with.... If you bring home a net wage of (say) $1000 that is hell of a lot of purchasing power in the USA. If you earned the same gross in the UK in pounds. What you end up with is chicken feed by comparison. B-I-G tightening of the belt required. My Australian colleagues think that I am earning a big salary here as I'm paid more than any professor at any Australian University at the current exchange rate and you need to be pretty senior in the public service where others work to earn that. Also marginal tax rates on middle income people are lower here than in Australia. US $1000 after tax a week in Canberra would be really big spending power! Cost of living here is higher or the same as in Australia for almost everything. if you want real big spending power reture to Australia :) David

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