Very odd
Moderators: sky's the limit, sepia, Sulako, lilfssister, North Shore, I WAS Birddog
-
- Rank 3
- Posts: 188
- Joined: Sun Nov 07, 2021 5:32 am
Very odd
https://www.voyav.com/ResumeWizard/JobD ... DjbAH0EA6M
Total time: 500
Starting salary: $48,464/year
Are we finally seeing a change in the industry?
Total time: 500
Starting salary: $48,464/year
Are we finally seeing a change in the industry?
Re: Very odd
I started there as a KA FO in 1998 with 3000 hours at $19000.00 which, in today's dollars, is around $33000.00. Yes, that's a bit of an improvement.
Re: Very odd
I did adjust for inflation. Also, today a 500 hour pilot gets the job, not a 3000 hour pilot.
Re: Very odd
Unfortunately official inflation isn’t accurate when it comes to housing. Based on your exemple from $19000 to $33000 we are looking at a 70% (ish) increase of wage. The housing market didn’t go up by 70% in the last 15 years… A condo I bought 275K in 2016 is now worth 800K. And we are talking about a shoebox… We were looking at buying a house that was sold to the current owners in 2016 for 400K, now going for 1.2mil (setup for a bidding war). You can’t compare the cost of living from 1998 to now, it just doesn’t realistically work.
Re: Very odd
Since I've lived through this period (and more) as an adult I certainly can compare the cost of living from 1998 to now. Yes, because of insane government policies that constrain supply, housing is more expensive. On the other hand, the cost of money has been very low for quite some time and is only just going up.skyhighh wrote: ↑Sat Dec 31, 2022 9:09 am Unfortunately official inflation isn’t accurate when it comes to housing. Based on your exemple from $19000 to $33000 we are looking at a 70% (ish) increase of wage. The housing market didn’t go up by 70% in the last 15 years… A condo I bought 275K in 2016 is now worth 800K. And we are talking about a shoebox… We were looking at buying a house that was sold to the current owners in 2016 for 400K, now going for 1.2mil (setup for a bidding war). You can’t compare the cost of living from 1998 to now, it just doesn’t realistically work.
When I was 21 there was no such thing as a multi-crew, multi-engine flying job for a 500 hour pilot and there was also no such thing as a 3% mortgage; you got a variable back then for 10%.
The CPI is designed to compare the cost of living over different time periods and shelter costs are included.