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What would you consider a GOOD wage?

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Comments

  • stix62
    stix62 Posts: 1,021 Forumite
    Haha I'm tired and just read this as 'some left over for turkey's' :)

    Haha, me too, and I wouldn't have noticed if you hadn't posted this :D
  • DKLS
    DKLS Posts: 13,461 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Moto2 wrote: »
    Too true
    "I started at the bottom and liked it there" is valid for a lot of folks.

    I guess, I'd be called 'middle management' - I have absolutely no interest in any further promotion, I have all I want and do most things I want to do.
    Continually getting more money is usually a process of ever diminishing returns and in my case would be unlikely to significantly raise my contentment with life.



    Likewise, I am happy at my level and I find the sector rewarding and interesting, I could easily double what I earn by changing sectors but the personal satisfaction levels would drop through the floor and there is a good chance I would catch a terminal dose of boredom.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Holiday Haggler
    edited 11 December 2013 at 1:53PM
    Laurajo wrote: »
    Tbh, I don't know many 25 year olds who are earning 26-27k....or many eighteen year olds who started off on 18k. Plus in the current climate, a lot of people are facing pay freezes or even cuts.
    And that's why this is usually a silly discussion. Where I use to work, 10 years ago, it was chock full of 25 year olds earning £26k. It's probably more now.

    Anyway, this is "what is a good wage" - not "what do you think people should earn". It's all very geographically relevant too.

    My salary would be pretty good in the north, but in the south it's reasonably common. It affords me the ability to pay for the mortgage on a pretty typical 3 bed semi.. but if i was doing my job near where I was born then I'd be living in a 4 bed detached.

    So for me, I'd consider a salary above £60k as 'good'. Or at least, it's one I'd quite like if I got to keep my 'working from home' perks. If it was a job working in London, then I generally tell recruiters I want £65k
  • In what way do you want to define "good"?

    I suspect most would want to have a relativity to both their lifestyles and the work/life balance/ responsibilities/ stress.

    You could say that £25,000 is a good salary for a call centre agent but that doesnt mean that its a good salary if you are the CFO of a multinational bank.

    Age is a contributing factor when you are young as ultimately if you are 18 you simply are never going to be able to have 10 years experience in your chosen field. Once you get to a certain point though it doesnt really make much difference to most jobs once you get to a certain level of experience. I wouldnt consider someone with 25 years experience significantly better than someone with 20 years (or even 15 years).
  • AP007
    AP007 Posts: 7,109 Forumite
    I've been thinking about this question for a while now.

    When i was younger i was told that you should be earning a few thousand above your age.

    So if your 25 years old you should be on a minimum of 26K+ per year?

    What are other peoples views on 'What a good wage is?'
    A few thousand above your age? Really? In all jobs? All industries? I doubt that very much

    A good wage for what I do is about £28-£32k

    I would not apply for or expect a job to pay more and I am 44 years old.
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  • AP007
    AP007 Posts: 7,109 Forumite
    Haha I'm tired and just read this as 'some left over for turkey's' :)
    Yeah because its 'luxuries' :)
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  • AP007 wrote: »
    A few thousand above your age? Really? In all jobs? All industries? I doubt that very much

    A good wage for what I do is about £28-£32k

    I would not apply for or expect a job to pay more and I am 44 years old.

    That is the point though, isn't it.

    If after say 15-20 years of work your stuck in a job that has a ceiling of say 35K and our nearing 45, then you need to look at other options.

    And yes it is hard to break there ceilings.
  • paddedjohn
    paddedjohn Posts: 7,512 Forumite
    Part of the Furniture
    AP007 wrote: »
    Yeah because its 'luxuries' :)

    Haha I tried spelling it both ways and neither looked right so I just plumped for the easiest.
    Be Alert..........Britain needs lerts.
  • AP007
    AP007 Posts: 7,109 Forumite
    paddedjohn wrote: »
    Haha I tried spelling it both ways and neither looked right so I just plumped for the easiest.

    Normally if the letter before the Y is a consonantit's 'ies' or a vowel would be y like boy becomes ‘boys’ and luxury becomes ‘luxuries’
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  • AP007
    AP007 Posts: 7,109 Forumite
    That is the point though, isn't it.

    If after say 15-20 years of work your stuck in a job that has a ceiling of say 35K and our nearing 45, then you need to look at other options.

    And yes it is hard to break there ceilings.
    I'd say £35k was a good salary and still it depends what you are doing. I work in accounts and am not an accountant so the salary would never go above what I have said was a 'good' one for me.

    They would be no other options and no need to look for them either.


    'there ceilings'???
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