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ninininino 3 days ago

"I started working in 2000, and had a decade under my belt leading teams and becoming CTO of a Web 2.0 era startup before I made as much money as new grads expect to earn today fresh out of school."

The dollar had an average inflation rate of 2.55% per year between 2000 and today, producing a cumulative price increase of 87.60%.

In other words, if you were paid 60k in 2000 you would need 112200 to make the same inflation adjusted income (but note that income tax increases as you increase in income in absolute terms, so that new inflation-adjusted income is less net of taxes).

If you reached 100k in 2000 you would need 187k today (and again, tax makes it worse).

dasil003 3 days ago | parent [-]

Yes thank you for inflation lesson, I spent part of my childhood in Brazil in the late 80s and early 90s, so I understand inflation better than most Americans.

For reference, I earned $26k at my first full time programming job.