And that isn't even going to factor in the egregiously
high price of housing in the last year. With a median
increase of 14% in housing prices, salaries are coming
in nowhere close enough to mitigate the damage.
While it may be argued that some will be unavailable
to afford to buy, it bears remembering that, if
housing prices spike, so, too, does the cost of
rentals.
Now, add to that the inflationary cost of gasoline,
with the incremental cost of all items that must be
delivered via a fuel-consuming vehicle, and that
salary figure dwindles further.
Indigo, wondering whom she will offend by THIS post
while gathering cardboard to prepare for the future.
Micki, got any you want to share with these folks
(LOL)?
--- L Dewey <[log in to unmask]> wrote:
> Just a point of information, you are overlooking, at
> least in part, the
> rate of inflation, which is significant in regard to
> the US economy.
> without an annual cost of living adjustment, your
> salary decreases in
> value. thus, that 3-4% 'annual raise' is imaginary.
>
> According to the US DoL Bureau of Labor Statistics,
> 10,000 in 1980 US$
> = 15,861 in 1990 US$ = 20,898 in 2000 US$.
>
> 10,000 US in 1985 would equate to 18,160 US in 2005.
> (on average)
>
> -L.D.
>
>
> On Aug 25, 2005, at 7:45 PM, Greta Ham wrote:
>
> > But over the next decade, there was a re-valuation
> of faculty members
> > and the 5-10 yrs post-graduate education their
> careers require. By
> > the time I was on the market in the mid '90's,
> starting salaries at
> > institutions comparable to my undergraduate
> institution ranged from
> > the mid-30's to the lower 40's. There were salary
> compression issues
> > to address (or not in some sad cases where senior
>
>
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