Originally Posted by
kme9418
I guess each person has to decide if they think they should go into debt to take a job. Being debt free (except for mortgage) and being single income with a family of 4, I'm not interested in taking out a loan for the privilege of employment. On probation, I would have no protection against the possibility of getting fired for any reason then being on the street with $20K+ in debt and no job.
Fair enough KME and to be clear, yes, I wish our first year pay was significantly higher! However, for years and years it was $28K and back then people had families, kids, mortgages, etc. just like they do now. This is nothing new.
In fact, one could say that the current 1st year pay is significantly higher than just a decade or so ago.
According to
this inflation calculator $28,000 in 2005 dollars equals $35,094.77 in 2017 dollars. So almost $10,000 less than what new hires get today.. (converted to 2017 $s)
No matter what number you settle on there will always be those who say it's too low.
So while I applaud you for knowing what your personal limits are I still contend that no one should ever plan his or her future based on the probationary pay.
Inflation Calculator | Find US Dollar's Value from 1913-2017