[ScopeMan]

Originally Posted by dewilson58

1) Your first part-time job (probably as a minor).

2) Your first "real full-time" job.


Me:
1) $1.75/hr
2) $18,000/yr

$ 0.35 in 1959

$ 7,500 / year plus car, expenses, and bonus in1967

[Stu from NYC]

Originally Posted by ScopeMan

$ 0.35 in 1959

$ 7,500 / year plus car, expenses, and bonus in1967

Just curious what did you do to earn $ 0.35 an hour

[ckcapaul]

Originally Posted by dewilson58

1) Your first part-time job (probably as a minor).

2) Your first "real full-time" job.


Me:
1) $1.75/hr
2) $18,000/yr

Working on a neighbors farm $1.00 a day at 7yoa
First real job was 1.80 an hour

[Taltarzac725]

I did mow lawns of various neighbors including one who would later be a General at the Pentagon. We had a number of heavy hitters in the Reno, Nevada area on our block in the 1970s.


And had pumped gas at a friend's relative's station for an afternoon when I was about 15.

[opinionist]

Working for my father at $1 per hour (no skills but I pulled wires for electricians)
Out of college full time $14400 per year

[CoachKandSportsguy]

Originally Posted by dewilson58

1) Your first part-time job (probably as a minor).

2) Your first "real full-time" job.


Me:
1) $1.75/hr
2) $18,000/yr

part time: $2.00 per hour 1974, 1975 landscaping, mowing, raking

full time: $42,000 per year, 1980, only working 6 months per year per industry standards, Third deck officer aboard a Gulf Oil oil tanker going from West Coast to Gulf Coast to East Cost and to Puerto Rico.



BUT my rate of salary increase from there to retirement is exactly 3.0% per year, annualized rate.
CPI inflation over that time period: 2.9% per year, annualized rate, so basically, I just stayed in place, even after adding graduate school. I made lots of mistakes. . . employment and investment related, but have two great kids and my best friend as my wife and traveling partner.

[manaboutown]

Originally Posted by CoachKandSportsguy

part time: $2.00 per hour 1974, 1975 landscaping, mowing, raking

full time: $42,000 per year, 1980, only working 6 months per year per industry standards, Third deck officer aboard a Gulf Oil oil tanker going from West Coast to Gulf Coast to East Cost and to Puerto Rico.



BUT my rate of salary increase from there to retirement is exactly 3.0% per year, annualized rate.
CPI inflation over that time period: 2.9% per year, annualized rate, so basically, I just stayed in place, even after adding graduate school. I made lots of mistakes. . . employment and investment related, but have two great kids and my best friend as my wife and traveling partner.

That looks like a wonderful starting salary back then!

"$42,000 in 1980 is equivalent in purchasing power to about $159,818.16 today, an increase of $117,818.16 over 44 years. The dollar had an average inflation rate of 3.08% per year between 1980 and today, producing a cumulative price increase of 280.52%.

This means that today's prices are 3.81 times as high as average prices since 1980, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 26.280% of what it could buy back then.

The inflation rate in 1980 was 13.50%. The current inflation rate compared to the end of last year is now 3.36%. If this number holds, $42,000 today will be equivalent in buying power to $43,410.09 next year. The current inflation rate page gives more detail on the latest inflation rates."


$42,000 in 1980 → 2024 | Inflation Calculator

[CoachKandSportsguy]

Originally Posted by manaboutown

That looks like a wonderful starting salary back then!

And only working 6 months a year allowed me to have a lot of fun and do a lot of non career stuff for about 8 years. . . then went back to get my MBA and worked like a pack animal until i turned 65. . .

however, the career was dangerous, and know many who have lost their lives working in the merchant marine.

[Ecuadog]

Originally Posted by CoachKandSportsguy

...

however, the career was dangerous, and know many who have lost their lives working in the merchant marine.

How did they lose their lives?

[Stu from NYC]

Originally Posted by Ecuadog

How did they lose their lives?

Storms at sea?

[Rapscallion St Croix]

I took a big pay cut when I got a real job. The military didn't pay anywhere near what I made as a smuggler and bootlegger. Ran booze from New Orleans into dry state of Mississippi in my 1954 Buick from 1963-1965.

[CoachKandSportsguy]

Originally Posted by Ecuadog

How did they lose their lives?

sunken ships mostly, during storms
one overboard, thought to be a suicide/murder
one ashore in a foreign country
one fell overboard preparing the pilot ladder and never surfaced

[Shipping up to Boston]

Originally Posted by CoachKandSportsguy

And only working 6 months a year allowed me to have a lot of fun and do a lot of non career stuff for about 8 years. . . then went back to get my MBA and worked like a pack animal until i turned 65. . .

however, the career was dangerous, and know many who have lost their lives working in the merchant marine.

Ive seen those YouTube vids on a day in the life on these tankers. Not a Carnival Cruise by any means.