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Pru 401(K) just started showing up in paycheck?
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<blockquote data-quote="Bagels" data-source="post: 1610546" data-attributes="member: 43436"><p>First off, I'm using BLS data - which is pretty much a generalization. For example, a college graduate who studied accounting & had a 3.0 GPA can expect to earn in the mid-$40K in Central Florida but over $60K (not including signing bonuses) in Houston. If he graduated with a 2.0 GPA, those numbers decrease by about $15K. Secondly, I looked at chemical engineering, since I knew it paid the highest and was trying to make a point. Thirdly, as with everything else, compensation for teaching widely varies. Oklahoma has the largest teaching shortages, primarily because starting salaries are often in the low $30K -- so low that OK struggles to retain its college grads. But the majority of states have strong teaching unions and with that generous pensions & retirement health care. Obviously that's not the case everywhere.</p><p></p><p></p><p></p><p>A couple points:</p><p>- While UPS pays well, it's a grueling job & tough work environment; if you're not happy working there, you're better off finding something you actually enjoy doing. You only live once and its foolhardy to make decisions exclusively around $$$.</p><p></p><p>- Don't assume status quo will extend indefinitely. With experience as an accountant, teacher or engineer, you're assured a decent payday the rest of your working career. At UPS, you're dependent on the union (since, quite frankly, if you left UPS, you wouldn't receive a similar compensation package elsewhere). UPS suffers from high labor costs and I doubt perpetual wage & benefit increases will continue (while the company thrives as e-commerce swells, eventually its low-cost competitors will catch up). I don't predict doom & gloom... but in 15 years, I doubt Teamsters will be enjoying generous, no-cost benefits or $100K/year standard salaries.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1610546, member: 43436"] First off, I'm using BLS data - which is pretty much a generalization. For example, a college graduate who studied accounting & had a 3.0 GPA can expect to earn in the mid-$40K in Central Florida but over $60K (not including signing bonuses) in Houston. If he graduated with a 2.0 GPA, those numbers decrease by about $15K. Secondly, I looked at chemical engineering, since I knew it paid the highest and was trying to make a point. Thirdly, as with everything else, compensation for teaching widely varies. Oklahoma has the largest teaching shortages, primarily because starting salaries are often in the low $30K -- so low that OK struggles to retain its college grads. But the majority of states have strong teaching unions and with that generous pensions & retirement health care. Obviously that's not the case everywhere. A couple points: - While UPS pays well, it's a grueling job & tough work environment; if you're not happy working there, you're better off finding something you actually enjoy doing. You only live once and its foolhardy to make decisions exclusively around $$$. - Don't assume status quo will extend indefinitely. With experience as an accountant, teacher or engineer, you're assured a decent payday the rest of your working career. At UPS, you're dependent on the union (since, quite frankly, if you left UPS, you wouldn't receive a similar compensation package elsewhere). UPS suffers from high labor costs and I doubt perpetual wage & benefit increases will continue (while the company thrives as e-commerce swells, eventually its low-cost competitors will catch up). I don't predict doom & gloom... but in 15 years, I doubt Teamsters will be enjoying generous, no-cost benefits or $100K/year standard salaries. [/QUOTE]
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