fan_from_texas wrote:
Talking about salary is a double-edged sword. If you don't talk about it, the market doesn't have much information, and employees tend to get screwed in those situations. It's better for all employees to be open about salary. At the same time, it can create a lot of jealousy and hurt feelings.
My salary is pretty easy to track down online--any number of biglaw websites tally salary information, which is generally lock-step. I don't have any problem talking about money with immediate family (or Mrs. FFT's immediate family), but we don't go beyond there. If someone really cares, they can spend 5 minutes to look up how much I make (or at least the base salary--we're eligible for an up to 30% bonus, depending on a number of factors). But in our group of friends, I don't discuss it, period, as it can only lead to bad things (we're in a situation where we make very good money for people our age, so I don't see much upside to talking about it with other people). People tend to focus on the dollar figure and overlook the massive sacrifices (one day of vacation this year, average 60 hour work week, $150k of debt, very little control over my schedule, extremely intense and high-stress environment, literally always on call, etc.).
That's why you should calculate your total income over the total time taken out of your life by your job.
$100k for 60hr/wk every week compared to $50k for 2000 hours a year isn't worth the trade off.
I'm so glad I'm neither an hourly or salary employee. Not an employee at all. I work for myself and enjoy it. Take off when I want. Work when I want.
There's tradeoffs for the money, but my goal is to not be working into my 60s, or 50s even if I can.
Sykotyk