My Salary History
jvt.me
jvt.me
It's a terrible idea. Couldn't care less of strangers, but irl people are envious, toxic and potentially dangerous.
That's what would stop me from sharing my salary openly. Actually thinking about it more I wouldn't be worried about friends/family knowing at all.
It can be just as bad if people discover you earn less than them.
Ransome, asking for money etc.
Nobody care if you make 50k but if you make 500k suddenly things change.
It's just never a good idea to tell people you make good money.
I don't buy expensive things, i don't show off. I quietly invest and will retire asap and enjoy a quiet relaxed life.
I don't want a target on my back or people asking me money or treating me differently.
Yes they are non-zero, but so is the chance of a plane crashing into your residence...
He decided he should become an angel investor (with almost no experience), blew through at least a couple hundred K there, started his own company, blew through the rest. He lived a high maintenance life style: expensive cars, expensive house, spouse that didn't work. If he had done nothing, kept the stock, stayed at his original job, it would be worth at least several million today. That public company did very well.
https://www.ar15.com/forums/general/-/5-1485089/?page=1#i404...
If you actually earned that amount you are much more likely to properly handle your finances.
I'll usually check in with people if they're comfortable with talking about money, but otherwise I've never had trouble with anyone knowing how much (or how little) I make.
I kind of see it as a trap, I guess - if knowing how much I make prejudices you against me, than I'd rather you show yourself for who you are sooner, so I can keep you at an appropriate distance. I've got no time for people like that.
I make much more than my friends.
That stirs envy, jealousy, people asking for money and poses a danger to me and my family.
I don't want someone to come rob me in the night because a long tongued friend told other.
There's literally not one good reason to tell others you make good money. It brings NOTHING good.
My coworkers are all in roughly the same socio-economic bracket, give or take, but I have friends and family who very much are not, and there's no need to ruffle feathers, no upside at all.
If you're young and nerdy and making not too much more than the average American household, it's probably fine! Once you're quite a bit more than six years out of school and making multiple times the average family, it's a bit more dicey.
But would you be ok taking a pay cut in order for you and your equivalent peers to make the exact same amount?
Cuts both ways.
Cuts both ways.
I know it's convenient to believe that all employers are greedy Scrooge McMusks taking advantage of their employees, but most businesses are actually small and run by normal people just trying to keep the lights on without losing their shirt.
Walmart/Starbucks know if emps talk they unionize…
Try running a job search on any big job board and you'll see what I mean.
Stronger employees will make stronger product. Even if that means stake/shareholders, who do not make the product, will receive less return on investment.
So: what is the purpose of business? Provide jobs? Provide ROI? And at what ratio? Once that is decided, it’s easy to figure out what’s “allowed.”
Even for a company that advertises and publishes their pay scales, an employee at level x will look at another employee at level x (with the same experience, same tenure, same everything) and think: "this isn't fair, I'm way more valuable to the company than they are". And maybe they're right, or maybe not. But the employee believes they are being treated unfairly all the same.
Where should the employer take the money to pay above market rates? He would have to charge the customers extra and maybe lose some of them. This could lead to job loss for the newer hired.
Owning a business is hard. Being a human is harder. Leave some of the challenge up to the business. ;)
Even for a mom and pop - yes. They work on the concept of exploitation if the workers do not also own the business…
There is a problem with worker's owning the business. They almost never do and aren't interested in owning it. This would also include owning the debts and possible failures
This is an unproductive view, imo. On the whole, business owners stick their necks out to start a business and provide their employees with a job that they can sustain their life with.
> for wage at the lowest possible cost to the employer.
Yes of course. Why shouldn't the business owners be rewarded for building a profitable business and giving their employees a living? That's what capitalism is all about.
Walmart has ZERO real human “neck stuck out” stress when you get to the top and have billions racked up.
Yet Walmart still dislikes it when employees discuss wage.
Why?
I agree with you that it's in Walmart's interest to not want employees to discuss wage. If I was in their position I wouldn't want my employees talking about it either, even if I'm doing my best to be "fair". That's just because there's no such thing as "fair", especially at Walmart's scale.
I need to admit: I am a leftist, an iww member, and far too underfed in the last few days so my replies probably seem punchy.
I’m really just pissed that I have an opportunity for a cool tool at my shop but have to write the script in bash because if I wrote it in say Rust, it’d be just as cool but not supportable after I left. :p
Making employees both pissed at each other and at the same time too scared to talk about salary means the employer gets it all the more easier to pay employees less.
Employees are of the same class - and therefore should be open and honest about salary and benefits in an effort to ensure all members of the employee class are compensated appropriately and the employer is aware they need to compensate accordingly.
Scaring them with a spooking about salary talk being taboo just further divides people and only benefits the corporation’s desire to pay people as little as possible, ensuring they pay shareholders as much as possible.
The workers do not own uber. They do not see profit. ROI or anything like that.
And before someone mentions: yes, it is the corp’s duty to provide ROI to shareholders. Investment comes with risk.
*Why are people more “ok” with hedging investor risk by trading it for a lower worker quality of life?*
When workers discuss more open, they become more class conscious, they realize they can be paid more, and they fight for it.
With no workers there is no product.
With no investors, there is product, when the workers are the owners - they become the investors. ;)
Rich does not necessary mean independently wealthy.
bro, i don't want to tell you how to live your life, but if you are describing people as envious, toxic, and potentially dangerous than either these are not your friends, or you have a horribly low opinion of people.
We don't have evidence if the problem is you or them, but I would say a fundamental baseline expectation from a "friend" is that they should be HAPPY not envious of your successes.
Friends talk about friends.
Guarding your family from various criminal activities may be hard.
This all may add up not in your favor eventually.
To you, that might be good, positive, and normal. IMO it was toxic and fueled by envy with no actual information to support their position (and, admittedly, no information to deny it either). They only wanted my salary information to help progress their position in life, which to me is not so different from Google or Facebook wanting such private information for their own monetary gain.
I found this interview eye-opening of how serious (and dangerous) money can be, when the people around you don't have any: https://www.youtube.com/watch?v=cKutkXy1Eeo&t=1178s
Even when it's not a situation of danger, though, money can still drive a wedge. The friends you made growing up, you were then equals (and neither of you had anything). Your financial success can become a mirror into their financial struggles, and not everyone does ok in that situation.
Anyway, boasting of financial success is something I find sad, unnecessary and potentially dangerous.
Tomorrow some friend of a friend junkie may need money and may think I'm collecting rolexes or idk.
Better people don't know shit.
Before I finally made the decision to just not talk to my parents anymore my dad would constantly shame and belittle me about what my earnings were; he's at a partner level in finance and is under the impression that my lack of income - while still being in college - is representative of his 'failure to raise me correctly', as...unhinged as that sounds.
I don't have any other family because my parents have basically had this attitude for the last 20 years and their siblings understandably do not like to be anywhere near them - as a byproduct I've never met my extended family.
For example, if you make a lot people may expect you to pay for dinner more, or worry less about inconveniencing you financially. Not in a mean malicious way, but in a "Tommy's not gonna sweat this $20". Or the opposite, they may question why you have that new car, when your finances don't really justify it. They may be looking out for you, but really that decision should be yours and your spouse.
I'm not sure what upside there is to letting anyone know.
Way to not work on class unity.
I’ve told my friends, family, peers, and anyone else how much I made all the way from delivering newspapers for criminally low wages, to doing random IT work in my local town of 4,000 people as a high schooler, to working as a cashier at a department store making minimum wage, and all the way up to my 7 figure TCs.
You know why? I want people to know what’s possible and what’s available out there. I want them to advocate for more money. When I tell them what I make - they think, “fuck, I should ask for more. You’re right!” They become more incentivized to advocate for unity among the working class as well because they realize without good bargaining - they will lose out.
Terrible idea for everyone. If people get jealous - tell them how you made it happen. If it was luck - fucking acknowledge it. If it was back breaking work - acknowledge it too. Acknowledge all the parts good and bad that got you to where you are. That’s what I do and everyone has no substantial resentment at the end.
Btw - I work as a typical engineer in SV. Nothing special.
It's also dangerous and unnecessary and comes as posturing.
I live a modest life and no one has to know how much I make.
It's a terrible idea to share it, if you want that's your business.
In London? You probably won't be buying a property anytime soon, unless you have a partner with a similar salary. Single and renting? You're leading a pretty comfy bachelor life
For perspective though, £90K is almost 3x the national median full-time wage . Total taxation at this level is 32%.
I worked in a mid-tier us city i.e Austin, Nashville and my take home pay is comparable to what I earn in london for the same role level. and same level of company profile. never worked at a mega tech - but have worked for well known ones.
and better yet my standard of living is higher.
Not saying this is good or bad. Just curious about the reason for the pay discrepancy.
https://data.oecd.org/healthres/health-spending.htm
The US in total pays $12318 dollars per capita in health care. In the UK, it's $5387 per per capita. The US's supposedly more efficient market-based system turns out to be wildly more expensive than any other country.
The biggest gulf between the UK and US is at the top end, i.e: people earning TC of 500k+ is not uncommon in SF whereas that would be quite rare here outside of the upper echelons of the big tech companies. Part of this is because stock grants are much lower here in general, but salaries are lower too.
If you were an experienced software engineer in London today looking to maximise your salary, you'd have an easy time reaching £100k and you could probably touch £150k but it would take some effort.
Colorado isn’t even comparable to California in terms of cost, it’s also a state that most companies pay a national salary band for since it’s not considered a high cost state.
Aspen is more comparable to SF costs than Sacramento is.
Surprise! There is no free market. We live in a global crony-communist system which decides how much money people get paid from the top down starting with US shareholders and executives at the top of the social pyramid. All based on military coercion, wars and foreign debt traps. You can thank your military-industrial complex.
It's obviously difficult to try to compare actual numbers, but I think I had 5-10K DKK (670-1340 EUR) in surplus at the end of every month at that time. Obviously things are different when you have a partner and/or kids - or you might just get less lucky with how cheap you can rent or buy an apartment.
In the real market, in the local job boards, it's hard to find anything above $50K USD. There is a dual class system in EU. The upper class get certain salaries and everybody else (which includes immigrants and unconnected individuals) get totally different salaries for the exact same work.
It's actually quite typical, when you move to places where costs of living are higher, salaries are higher too. You may still struggle to save anything. What you do manage to save can represent a lot of value, but only if you end up selling everything and relocating to a different, cheaper country/city later. I wish I had seen the global scheme sooner.
You can get a better sense of the salaries in the UK via https://www.levels.fyi/t/software-engineer/locations/london-...
Remember that in the UK we have access to more public services and benefits etc. Americans pay more here for better or worse eg healthcare. Many Americans also seem to have to overwork from a European point of view, so you earn more but at a cost most of us wouldn't tolerate. Lack of holidays, long hours etc.
Not a judgement, just contextualising the differences and explaining why focusing solely on pay as a metric is a bit misleading.
Whether e.g. healthcare premiums comes out of my paycheck separately or is paid via higher taxes is just accounting.
Just on healthcare, did you know your per capita spending is 2 to 3 times higher?
Also, I've worked at a bank before as a software developer and made basically the same range.
Companies, teams, locations, and people are all fairly non-fungible and it's very hard to compare across. Even the idea of "level" that companies use is super coarse. An L5 is not comparable to another L5 even at the same firm.
What is the value of me knowing that someone makes more or less than me in "the same" role. Is it really the same role or does he work on high impact, all-eyes-on-you stuff while I am doing sleepy back-office work? Or maybe I barely squeaked by the interview while he was considered for the next level already. Maybe he's bringing some domain specific skills that I just don't have. Etc.
What I am saying is there's almost never enough context that helps you understand why the person makes what they make and to compare that to your situation. If all this does is make you think you should be earning more but you keep getting rejected without understanding why, you are just more frustrated than where you started.
It's not your problem when you're being paid well, until you aren't.
What you make is a function of how much I want you and how much it takes to get you to move over there. If you're making $100, it doesn't matter that you decide you're worth $150 because you saw that number somewhere - what matters is whether I can easily get another "you" for $100 or not.
If you were $150 material, you'd already know it from all the recruiters banging on your door offering you $150 jobs.
individuals can't by definition engage in collective bargaining. but building awareness of the disparity, especially in domains like tech, is where this process starts.
Some people value different jobs differently. Some people would be happy with far less compensation for the same job, while some people wouldn't accept a fair offer for personal reasons. These are good things about monetary and professional fungibility; people can compare on the jobs merits. Monetary compensation is not the only one, but it is a large one.
It definitely doesn't necessarily mean I am underpaid. And I have no way to figure that out. So what does comparing your comp to mine enable me to do?
Promoted to "Senior" after only 1 years and 4 months. (Not counting their placement year here) and the "principal" in just under 4 years.
I have close to 20 years of experience this year so it kind of makes me chuckle when people with only a couple of years experience get refered to as senior. Admittedly, my title is equally laughably inflated, it seems to be a growing trend.
(This isn't intended to be personally disparaging to jvt. My comment is more on the state of the industries naming conventions)
If someone wanted to construct a page like this for themselves, where would they get the data to do it? Maybe something related to tax records? Or do you just need to have had the foresight to record/save all of this from the get-go?
They are only capable of following policy and law - which, in my country (US) means it’s perfectly fine to discuss salary.
Note: “HR” (Human Resources) describes the resource pool in relation to the corporation, not a collection of “resources” available to a human. As a department, HR only ever exists to serve the corporation. Even if you walk into the dept to fix a pay stub (a legal concern) or get a mental health referral (it’s expensive to hire new emps after burning them out…)
0: https://metro.co.uk/2018/11/09/can-your-boss-stop-you-talkin...
Almost no one is retiring in their 30s regardless of circumstances.
What matters isn't the absolute amount. What matters is what you can buy with it.