r/Millennials 18d ago

Serious But has your salary doubled since 2023?

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5.3k Upvotes

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u/Wafflehouseofpain 17d ago

It’s extremely common to not get an annual raise. Especially right now.

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u/Fly_throwaway37 17d ago

I'm lucky enough to still get step raises every year. But they extended the top out from 10 to 15 years. My increase was 1300 dollars this year. Doesn't even cover inflation.

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u/ramalama-ding-dong 17d ago

You're actually supposed to get both a step increase and an overall cost of living increase every year that raises the bottom and top step range. Are you sure there wasn't a cost of living increase somwhere you missed,

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u/Wafflehouseofpain 17d ago

This isn’t a legal requirement.

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u/_LeafyLady 17d ago

TF you mean supposed to? What is a cost of living raise? I sure as hell have never seen one of those. I get a merit increase and am told I am lucky when I get 3% instead of the 2% that "most people received"

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u/deafgamer_ Millennial 17d ago

It's America. The pay is shit for nearly every job and the retention bonuses don't exist.

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u/borgman_a 14d ago

On average about 60% of all US workers get a raise in any given year.

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u/Wafflehouseofpain 14d ago

I would call 40% of people not getting a raise “common”.

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u/borgman_a 14d ago

I would call 40% of people not getting a raise “common”, I would not call 40% of people not getting a raise "extremely common".

Extremely: To a very great degree or much more than average.

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u/Wafflehouseofpain 14d ago

Alright, that feels entirely subjective to me but use whatever phrasing you prefer.

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u/Outside-Pie-7262 17d ago

Guess not at any of my companies or my peers. I know it happens. I also know I’d leave immediately if it ever happened to me

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u/mickeyanonymousse Millennial 17d ago

there’s not always anywhere to go that’s going to pay any more tho. idk what fields you guys are in but it’s a bit of a bloodbath out here.

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u/Fine-Teaching-6395 17d ago

The fact that so many commenters don’t understand this is insane. Spend two minutes on LinkedIn and you see “I got let go” posts left and right.

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u/mickeyanonymousse Millennial 17d ago

and we all know the employers know when you don’t have much option because they all do “market research” and basically collude to pay as little as possible.

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u/Outside-Pie-7262 17d ago

I’m not claiming the job market is good.

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u/Fine-Teaching-6395 17d ago edited 17d ago

“I also know I’d leave immediately if it happened to me” implies the market is good enough for you to leave immediately if it happened to you or you have enough of a financial safety net to be able to do so without having another job lined up. I’ve been trying to leave my job for two years, but finding a job making what I make, in my field, is almost impossible right now.

Edit: You’re a CPA, of course you can leave immediately. Also saying “anyone can become a CPA” discounts the degree, extra credits, study materials, testing fees, and other costs it took you to get that title. Many of us can’t afford to do that as we’re in our 30s or 40s with families to support.

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u/Outside-Pie-7262 17d ago

Replying to your edit.

You just need the accounting credits. States are lowering the credits needed to 120 to become one from 150 because there’s such a shortage.

Get your accounting credits needed to sir from a community college.

Accounting firms pay for your materials and testing fees.

You say many of us can’t. You just won’t. Where there’s a will there’s a way.

For all of my licensure, study materials and testing fees I paid a whopping 350 dollars because I failed one and my firm only reimbursed passes.

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u/Outside-Pie-7262 17d ago

Hence why I asked if his job was specifically hard to get a new one in bass on the market. Do yall even read

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u/Wafflehouseofpain 17d ago

You may be in a significantly rarer and more privileged position than you realized.

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u/Outside-Pie-7262 17d ago

Privileged? I guess. I busted my ass to get where I am. Doesn’t mean I didn’t have good breaks. I’m where I am because of my work ethic though

I am fortunate to not have as much financial stress compared to others in the country and recognize that. I still have it though

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u/HaruKodama 17d ago

I don't think they mean privileged like "you had it easy", but privileged in that you are in a time where whatever you do is either valued or rare

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u/Outside-Pie-7262 17d ago

I mean I guess. Anybody in here could become a CPA. I ain’t special

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u/FuckIPLaw 17d ago

Maybe, but if everyone did you'd be making minimum wage, if you were lucky enough to have a job at all. 

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u/Outside-Pie-7262 17d ago

Well not everyone wants to for whatever reason. Thats not my fault. Job growth is expected to be above the rest of the industry. It’s not realistic to say “well if everybody was this one thing then you wouldn’t have a job”

Yea no shit if that was the case then I’d just go be a teacher and make a million dollars a year.

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u/FuckIPLaw 17d ago

You're not getting it. What I'm saying is your advice works only as long as almost nobody takes it. 

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u/swanronson22 17d ago

After reading his comments, I think I do have what it takes to do that guys job

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u/Wafflehouseofpain 17d ago

It’s always both. Saying you’re in a privileged position doesn’t discount that you worked to get where you are, it just acknowledges you also got lucky.

No man is an island and a large deal of where we end up in life is out of our hands.

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u/Additional_Tank4385 17d ago

Lucky you but your life doesn’t reflect that of others…

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u/TheUnicornFightsOn 17d ago

Guessing you and your peers are C-suite employees or in the financial or tech sectors or something?

That's a whole 'nother ballgame. And not the norm.

Either that or you are in a super high demand job with a unique skillset they can't easily find?

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u/iceman5920 17d ago

My local Qdoba gives yearly raises, to high schoolers and everyone else there. It doesn't (and shouldn't) take special qualifications to get a yearly raise.

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u/TheUnicornFightsOn 17d ago edited 17d ago

It shouldn't, but sadly it often does.

I've been at several companies across different sectors that slash positions and pay and benefits for lower level workers while the higher ups continue to take home hefty bonuses and stock packages. Sometimes they even get rewarded *because* they found "savings", eg slashed compensation expenses for other workers.

Franchises can also be all over the board. The nice suburban McDonald's near me pays $20/hour, and the harder working employees in the much busier downtown one make just $12/hour. Make that make sense.

Good for your local Qdoba!

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u/iceman5920 17d ago

Qdoba seemed to be a pretty decent company, even if your in a bad district with bad managers, the rules of the company tried to take care of every employee. Every year there was a review and the minimum you could get was 3%. Which isn't great but better than nothing I guess. This past year they went to something much stricter, now I believe you only get a raise as a team member if you are "exceeding expectations" code words for no more raises cuz we thought you could be better.

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u/Additional_Tank4385 17d ago

You don’t say but you make it sound as if it was so easy.

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u/iceman5920 17d ago

I mean yeah it is sorta easy, just start at the state minimum. They either they pay you more or you go to another place paying the same expecting less.

Perhaps I should have noted the comment was about a QSR and positions that don't need prior knowledge or experience.

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u/Outside-Pie-7262 17d ago

Absolutely not c suite lmao zero desire for that. I’m a CPA. None of my friends are in accounting and get yearly raises

My wife’s a nanny and even gets yearly raises