What is an engineering degree worth? Year after year, engineering jobs are paid the highest average starting salary. According to the U.S. Bureau of Labor Statistics (BLS) engineers have a median annual wage of $100,640and the engineering field projects to have employment growth of 6 percent from 2020 to 2030—nearly 146,000 new jobs over the next decade.
compensation
Bet your bottom dollar
Is salary important to workers? Bet your bottom dollar it is.
“Employees will go where the money is. And where they’re treated respectfully and valued. But, mostly, it’s the money.”
When we asked those respondents to choose from a list of top reasons why they’re open to new opportunities, nearly two-thirds (63.4%) selected “I need to make more money”.
That’s more than double the next-most popular reason, which is “I need a fresh challenge” (24.6%).
Work flexibility (20.8%), meaningfulness in work (19.3%) and career advancement (also 19.3%) are other leading factors prompting the drive to explore new job opportunities. Still, those numbers pale in comparison to compensation.
USA – Rich vs Poor
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
YouTube comments:
“Campaign finance reform is the solution. Until we elect people who arnt brought and paid for nothing will change.”
Why the inequality gap is growing
For forty years, the U.S.-led global economy has produced an enormous improvement in human welfare. The percentage of the world’s population living on less than $1.90 per day fallings from 42% to 10%.
At the same time, income inequality has surged in countries with advanced economics. Nowhere has it surged more than the United States, where reliance on free-market forces magnifies rewards for those at the top while leaving others behind.
Electrical engineer salary in U.S.
The average salary for a electrical engineer is $85,818 per year in the United States. 11.8k salaries reported, updated at December 25, 2022
New York City rich and poor
January 2021 Even before COVID-19, New York was already defined by a gap between the rich and poor. Yet during the pandemic, wealth has become a determinant of survival. The pandemic hit New York in the spring, with almost 800 people dying from COVID-19 each day in April.
The city has been uneasy since then. People’s lives have been shaken by months of stay-at-home orders, changing public health measures, “Black Lives Matter” protests, the presidential election, and above all the economic consequences of the pandemic, including ever-widening inequality between New Yorkers.
Oakland, California Homeless
Oakland California sure does have a homeless problem. Driving around town, there’s homeless encampments all over the place. They’re on the side of the roads in dirt lots. There’s long stretches of them on sidewalks. Some of them are tents, some are RVs, some are actual encampments with makeshift structures where hundreds of people gather in communities.
It’s estimated there’s around 5,000 homeless individuals throughout the city of Oakland, but no one really knows the exact number. And the number of people on the streets in Oakland has nearly doubled in the last two years alone.
Rich Girl vs Poor Girl
This social experiment was done to see how people react differently to a Rich girl and a poor girl.
YouTube comments:
“We’re living in a world where the rich continue to get richer and the poor get poorer.”
“They donated to the rich girl because she was hot, and dressed well.”
“I used to know a homeless man who would beg near a McDonalds. He was a really great person, and I would always donate some money. My dad even bought him a tent. Whenever I was near the McDonalds, I never really saw people who were looking to help him. Maybe they thought it was unimportant because he already had a tent, or maybe they didn’t have money, or they just didn’t want to donate. Eventually he was finally able to find a job (at that McDonalds to be exact) and he was able to sell his tent, add that money to what he had already, and buy himself a car! I haven’t seen him for a few years, but I hope that he is doing better in life.”
How to deal with money like a German
While other European countries make the transition to cashless societies, Germany still has a stubborn affection for a pocket full of loose change. Rachel Stewart investigates the very specific German attitude to money.