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+
Jan 11th, 2019 1:54 pm
Jan 11th, 2019 2:15 pm
Jan 11th, 2019 2:21 pm
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.
Jan 11th, 2019 2:39 pm
Jan 11th, 2019 3:36 pm
Jan 11th, 2019 4:21 pm
This. I will never get why so many embellish in a place where you are anonymous, but they do.
Jan 11th, 2019 5:50 pm
Jan 11th, 2019 7:18 pm
Finally logic arrives. I’m sure OP is trolling tho.bunmin wrote: ↑ 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.
Jan 11th, 2019 8:47 pm
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.
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.
Jan 11th, 2019 10:21 pm
Cheapo-Findo wrote: ↑100k is the norm now.
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.
Jan 11th, 2019 11:04 pm
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).bunmin wrote: ↑ 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.
Jan 12th, 2019 1:03 am
6 figure salary in the title, that means individually
Jan 12th, 2019 10:34 am
Ya but there are so many employed and in many companies (prof services) way more than 10% of employees are above 100kbunmin wrote: ↑ 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.
Jan 12th, 2019 11:03 am
Jan 12th, 2019 11:06 am
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.
Jan 12th, 2019 11:23 am
Jan 12th, 2019 12:36 pm
Jan 12th, 2019 3:12 pm
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%.holden wrote: ↑ 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.
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 thatMP3_SKY wrote: ↑ 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.
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