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Is 6 fig salary a meme in 2019?

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  • Jan 14th, 2019 9:12 pm
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[OP]
Jr. Member
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Apr 27, 2010
145 posts
50 upvotes
Toronto

Is 6 fig salary a meme in 2019?

I mean, if you are in the top tax bracket (250k+) then sure yeah that's decent but if you live in major cities like Vancouver or Toronto, it seems like everyone and their grandchildren are making 100k+
44 replies
Deal Addict
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Jul 30, 2010
1898 posts
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FPrince wrote:
Jan 11th, 2019 1:54 pm
I mean, if you are in the top tax bracket (250k+) then sure yeah that's decent but if you live in major cities like Vancouver or Toronto, it seems like everyone and their grandchildren are making 100k+
-1

Only everyone on RFD.
Deal Addict
Jul 13, 2012
3915 posts
414 upvotes
Ottawa
FPrince wrote:
Jan 11th, 2019 1:54 pm
I mean, if you are in the top tax bracket (250k+) then sure yeah that's decent but if you live in major cities like Vancouver or Toronto, it seems like everyone and their grandchildren are making 100k+
Well, the obvious answer would be that as a natural course of inflation more people are making 100k than before. 20 years ago, you probably won't make that much unless you were a business executive, in one of the higher paying professions (medicine, law, etc...), a successful small business owner, etc. Nowadays, even mid/higher level managers, mid-level professions (teacher, nurse, etc...), skilled tradesperson, etc.. can make $100,000 a year.
Deal Fanatic
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Mar 9, 2007
9874 posts
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Toronto
100k is the norm now.

WOULD SOMEBODY THINK OF THE CHILDREN!!!
Deal Addict
Oct 18, 2014
1590 posts
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Tokyo
100k is very attainable for those in professional services at the junior level even. That being said, not many folks can get those roles easily. 100k is no longer rare, 200-250k is the gold standard for employees now to feel like "they made it". Those who make above that tends to be owners, executives, entrepreneurs, sales.

To OP, I guess it depends on your social circle.
Member
Dec 11, 2013
307 posts
181 upvotes
Toronto
LeisureSuitL wrote:
Jan 11th, 2019 2:15 pm
-1

Only everyone on RFD.
This. I will never get why so many embellish in a place where you are anonymous, but they do.

There are many sectors where what was a 100k position, 10 years ago, is now 60k. It's still very possible to make past 100k, but not at the level people on the internets state.
Member
Mar 6, 2015
223 posts
508 upvotes
New Brunswick
Just some numbers. There are approximately 1.1 million public sector employees (which are typically the better paying jobs) in Ontario and 130,000 people on the sunshine list who make $100,000+. So only 10% of the people in "better" jobs make six figures. And I can guarantee you even in larger markets the sub $100,000 bracket FAR outnumbers the $100,000+ bracket.
Sr. Member
Apr 14, 2017
561 posts
187 upvotes
DT Calgary
bunmin wrote:
Jan 11th, 2019 5:50 pm
Just some numbers. There are approximately 1.1 million public sector employees (which are typically the better paying jobs) in Ontario and 130,000 people on the sunshine list who make $100,000+. So only 10% of the people in "better" jobs make six figures. And I can guarantee you even in larger markets the sub $100,000 bracket FAR outnumbers the $100,000+ bracket.
Finally logic arrives. I’m sure OP is trolling tho.
Member
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Aug 19, 2018
332 posts
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FreshCo wrote:
Jan 11th, 2019 7:18 pm
Finally logic arrives. I’m sure OP is trolling tho.
Or just confirmation bias when he knows a few of them. Or maybe just trying to make himself feel better that he doesn't make $250k when all his friends/co-worker else does. Or a bunch of other things.

Probably trolling without realizing it.
Jr. Member
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Aug 31, 2008
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FPrince wrote:
Jan 11th, 2019 1:54 pm
I mean, if you are in the top tax bracket (250k+) then sure yeah that's decent but if you live in major cities like Vancouver or Toronto, it seems like everyone and their grandchildren are making 100k+
I'll bite. 100k in Toronto and Vancouver is peanuts. A family of 2 making 50k a year is lower-middle class in the city. Making 100k individually? Sure, as a manager or senior role. But just remember for every manager, there's 20+ people making <100k.
vgosu
Sr. Member
Nov 14, 2006
984 posts
332 upvotes
GTA
Cheapo-Findo wrote:
Jan 11th, 2019 2:39 pm
100k is the norm now.
Dynafrom wrote:
Jan 11th, 2019 10:05 pm
I'll bite. 100k in Toronto and Vancouver is peanuts. A family of 2 making 50k a year is lower-middle class in the city. Making 100k individually? Sure, as a manager or senior role. But just remember for every manager, there's 20+ people making <100k.
I'm in the trades so yes $100K is the norm even for us once you've you completed your apprenticeship for most of them.
ie. I'm a licensed Commercial/Industrial HVAC/R tech, my take home rate an hour is $49.30 with a total package rate of $64.28 (foreman is a few dollars more an hour)
This is based on our 787 Union rates, many non union companies are pretty close.

I like the trade, finished high school then got right into it and was making great money once I completed my apprenticeship at the age of 24 while all my other friends were in debt and just getting out of university.
Deal Addict
Jul 12, 2008
1794 posts
292 upvotes
Burlington
bunmin wrote:
Jan 11th, 2019 5:50 pm
Just some numbers. There are approximately 1.1 million public sector employees (which are typically the better paying jobs) in Ontario and 130,000 people on the sunshine list who make $100,000+. So only 10% of the people in "better" jobs make six figures. And I can guarantee you even in larger markets the sub $100,000 bracket FAR outnumbers the $100,000+ bracket.
It depends on how you look at the numbers, some hydro companies like OPG/Hydro One have historically had 60 to 70% of their employees on the list. Some professions like teaching, transit operator, nursing and even policing can have you making 100k within 5 to 10 years of starting (so early 30's if you start early).

A lot of them are in/peak in the 100k to 120k level though (heck if the sunshine list was indexed to inflation from beginning the actual no of people on the list would be a lot lower). So 100k might look pretty common depending on what profession you are in. Doctors, Lawyers, Management Consultants and Investment Bankers get to 100k pretty easily as well in the private sector so if you worked in 1 of these areas things might look different to you.
Deal Expert
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Oct 26, 2003
29332 posts
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Winnipeg
Dynafrom wrote:
Jan 11th, 2019 10:05 pm
I'll bite. 100k in Toronto and Vancouver is peanuts. A family of 2 making 50k a year is lower-middle class in the city. Making 100k individually? Sure, as a manager or senior role. But just remember for every manager, there's 20+ people making <100k.
6 figure salary in the title, that means individually

with the way liberal been running the country, i doubt we will see many more private sector 100k+ jobs in the making.
Jr. Member
Dec 20, 2018
178 posts
107 upvotes
bunmin wrote:
Jan 11th, 2019 5:50 pm
Just some numbers. There are approximately 1.1 million public sector employees (which are typically the better paying jobs) in Ontario and 130,000 people on the sunshine list who make $100,000+. So only 10% of the people in "better" jobs make six figures. And I can guarantee you even in larger markets the sub $100,000 bracket FAR outnumbers the $100,000+ bracket.
Ya but there are so many employed and in many companies (prof services) way more than 10% of employees are above 100k
Deal Fanatic
Oct 7, 2010
8242 posts
869 upvotes
Shooting for 150k now. Slowly getting there. Only 100k+ for RFD professionals. Nothing for the masses. Average is still 80k family income combined. Minus all the tax cheats, I would stay average desk jobs are like 50k to 60k.

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