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Is 6 fig salary a meme in 2019?

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  • Feb 13th, 2019 9:17 pm
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Deal Fanatic
Oct 7, 2010
8597 posts
1014 upvotes
divx wrote:
Jan 12th, 2019 1:03 am
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.
Businesses are moving away because Canadians are lazy and all about the cottage life. High energy cost. Congestion cost. Housing cost. High taxes. Lots of tax cheats. Lots of illigetimate foreign investments that also tax cheat.

Government tax us to do stupid things with our money like giving money to refugees etc.

No jobs for middle class meanings no spending. Rich class hoard cash and poor class no spending power.
Deal Guru
User avatar
Jul 12, 2003
10319 posts
2599 upvotes
Markham
You see more 100k salary compare to maybe 15-20 years ago, but there is still a small portion of population.

When you go out and see all the people working at the Malls, at the restaurants, at the Gas stations. No one is making near 100k even the manager.

From Google Search:
What is a good average salary in Canada?
The average Good salary in Canada is $37,267 per year or $19.11 per hour.

No where near 100k.
Retired Forum Moderator February 2009 - June 2015
Deal Addict
Jul 12, 2008
1847 posts
307 upvotes
Burlington
holden wrote:
Jan 12th, 2019 12:36 pm
https://www12.statcan.gc.ca/census-rece ... hrt-dt-tbl

According to the 2016 Census, a $98,582 salary in Toronto would put you at the 90th percentile. So a "6 fig" salary is still less that 10% of the population.
Some times data like this includes people like students (University and high school students of working age), retirees, stay at home mom/dads, new immigrants or other people who aren’t really working fully in the 90%.

The link clearly says it’s individual income and even that 10% of the Toronto CMA (which seems to mean the GTA would be 600,000 to 700,000 single individuals) once you remove the list of people I mentioned above the proportion looks even higher.
Deal Addict
Dec 20, 2018
1617 posts
1231 upvotes
MP3_SKY wrote:
Jan 12th, 2019 11:23 am
You see more 100k salary compare to maybe 15-20 years ago, but there is still a small portion of population.

When you go out and see all the people working at the Malls, at the restaurants, at the Gas stations. No one is making near 100k even the manager.

From Google Search:
What is a good average salary in Canada?
The average Good salary in Canada is $37,267 per year or $19.11 per hour.

No where near 100k.
Median income is above 72k for someone working full-time in Ontario back in 2015 meaning half are above that

https://www12.statcan.gc.ca/census-rece ... 24-eng.cfm

Here is link for median income by sector , so many are above 100k even at median level

https://www12.statcan.gc.ca/census-rece ... &HCDD_ID=7
Sr. Member
Jan 1, 2017
629 posts
435 upvotes
StatsGuy wrote:
Jan 12th, 2019 4:19 pm
Median income is above 72k for someone working full-time in Ontario back in 2015 meaning half are above that

https://www12.statcan.gc.ca/census-rece ... 24-eng.cfm

Here is link for median income by sector , so many are above 100k even at median level

https://www12.statcan.gc.ca/census-rece ... &HCDD_ID=7
Where does this link and report show that people in ontario have a $72k median income? It shows men and it shows women separately. It also specifically refers to people with apprenternship.
Sr. Member
Jan 1, 2017
629 posts
435 upvotes
Also your second link only shows data for people with university degree. This is not true sample of the Ontario population. Stop cherry-picking target data that supports your argument for a specific sample of population and saying it is for the whole population of Ontario.
Deal Addict
Dec 20, 2018
1617 posts
1231 upvotes
ProductGuy wrote:
Jan 12th, 2019 5:23 pm
Where does this link and report show that people in ontario have a $72k median income? It shows men and it shows women separately. It also specifically refers to people with apprenternship.
You can filter by education type and sex. 72k is median for both sexes as male is 85k and women is 68k

Just click into data table if you don't understand a chart
Last edited by StatsGuy on Jan 12th, 2019 6:41 pm, edited 2 times in total.
Deal Addict
Dec 20, 2018
1617 posts
1231 upvotes
ProductGuy wrote:
Jan 12th, 2019 5:26 pm
Also your second link only shows data for people with university degree. This is not true sample of the Ontario population. Stop cherry-picking target data that supports your argument for a specific sample of population and saying it is for the whole population of Ontario.
Again, you can select filters . I said many sectors have median income above 100k as per second link. I didn't say it included people with no education

Obviously people should compare the subset they are interested in as there's no such thing as an average worker and nobody should compare themselves to one due to variability in ethnicity, gender, age, employment status, ability, education etc
Deal Guru
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Jul 12, 2003
10319 posts
2599 upvotes
Markham
StatsGuy wrote:
Jan 12th, 2019 4:19 pm
Median income is above 72k for someone working full-time in Ontario back in 2015 meaning half are above that

https://www12.statcan.gc.ca/census-rece ... 24-eng.cfm

Here is link for median income by sector , so many are above 100k even at median level

https://www12.statcan.gc.ca/census-rece ... &HCDD_ID=7
72k is the average for those who has fairly good education and skill worker.

Not majority of the workforce in our society are well above educated and skillful.

So the 72k doeant not present the median income of Ontario or Canada.

Back to the topic, they are still a majority of the people in Canada are making a lot less than 100k.

I guess it is because if the thread in RFD, your road to earn 100k. OPs think really a big population of people are making 100k. Lol
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Deal Addict
Dec 20, 2018
1617 posts
1231 upvotes
MP3_SKY wrote:
Jan 12th, 2019 7:11 pm
72k is the average for those who has fairly good education and skill worker.

Not majority of the workforce in our society are well above educated and skillful.

So the 72k doeant not present the median income of Ontario or Canada.

Back to the topic, they are still a majority of the people in Canada are making a lot less than 100k.

I guess it is because if the thread in RFD, your road to earn 100k. OPs think really a big population of people are making 100k. Lol
Well why should someone of a certain subset (say male with university education) compare his income to a retiree? Or someone with a HS education not working FT?

Of course if OP is saying highest level of education is HS and 100k is a meme , sure that's way off. For someone working FT and min of an undergraduate degree, definitely not and especially in certain sectors which is where stats I linked come in
Sr. Member
Sep 28, 2013
547 posts
203 upvotes
Wage inflation has been benign since the financial crisis. $100k is still a great income, even if you were working downtown. Unfortunately, that doesn't mean you can LIVE downtown unless you're willing to share a room.
Deal Guru
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Jul 12, 2003
10319 posts
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Markham
StatsGuy wrote:
Jan 12th, 2019 7:24 pm

Well why should someone of a certain subset (say male with university education) compare his income to a retiree? Or someone with a HS education not working FT?

Of course if OP is saying highest level of education is HS and 100k is a meme , sure that's way off. For someone working FT and min of an undergraduate degree, definitely not and especially in certain sectors which is where stats I linked come in
Valid statement, but then the topic should be a more narrow.
Not just anyone in the workforce and median income is 72k.

The title should be then is 6 figure a meme in 2019 for those who has at least an undergraduate degree or a technical skilled worker.

Even that, it is still off, lol.
72k not not close to 100k.
I know a lot of people with undergraduated plus free yrs of exp. or technical skilled workers dont make 6 figures.
Retired Forum Moderator February 2009 - June 2015
Sr. Member
Apr 14, 2017
866 posts
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DT Calgary
I’d be surprised if these numbers in Alberta are still what they are today. Even then, I know so many people with university degrees earning less than 60k.
Member
Feb 13, 2017
281 posts
181 upvotes
toronto, ontario
Earning $100,000 working 80 hours is not the same as earning $100,000 working 40 hours.

Earning $100,000 working desk job is not the same as earning $100,000 working Arctic outdoors.

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