Is a $10 increase 5 years later significant?

[Qacer]

I'm getting rid of some old file and stumbled upon some old pay stubs from 2007. Then, as only a few years into my working career, I was making $A amount per hour. Now in 2012, I'm making $A + $10 per hour. In the overall scheme of things, a $10 per hour increase in a 5 year time span seems insignificant. Am I shooting low on my job choices?

I wonder if there's a graph of salary increase per hour over the years that I can use as a comparison. I'm thinking that it will probably look like a logarithmic response were it rapidly increases in the first few years and then kind of slow down in the later years.

... Of course, I am not complaining about my job. Just saying.

 

[ch33zw1z]

Depends on what your YTD's are. Example: Is $10 more a 20% increase in 10 years, or a 10% increased in 10 years?

All my employers have given out pay increases in terms of %'s.

Also depends on what your profession is.

 

[Lonyo]

$5 -> $15.
Significant.

$150 -> $160.
Not significant.

Ask a better question. A is for Useless.

 

[FoBoT]

inflation is probably higher, so your purchasing power today is lower than it was then

 

[IndyColtsFan]

$10/hour is roughly $20K per year, which would be an average of a $4K raise per year. Neither seems bad but as others have said, depends on many other factors.

 

[RaistlinZ]

I'd love to get $4,000 raises every year.

 

[Epic Fail]

Dude, you are getting 50 more Wendy's chicken nuggets per hour.

 

[GCS]

In this economy be thankful you have a job, much less a raise.

 

[Doppel]

Depends where you started. I tripled my income in the first half decade or so and in the past few years income has not even matched inflation.

 

[Quakester]

Are you the one they are talking about in the suicide thread?

 

[sjwaste]

Do you get paid in Trident Layers? Is that what the A is?

 

[digitaldurandal]

Be grateful for what you have. As an educator my pay has increased by $3k in six years but my benefits have increased in cost by $3.5k.

 

[DaWhim]

benefits and vacation days? do they stay constant? hard to compare with just on salary figure alone.

 

[Soccerman06]

Im getting a $500 raise this year :|

 

[Qacer]

I was referring more to one's professional career. My high school job as a dishwasher didn't pay much, but when I started working in college at another line of work I doubled my hourly pay. That was pretty significant.

I've been around the same line of work / industry for the past 5 years. I've moved to different companies a few times in the same area. I guess my question should have been, if you were to get a new job, what would be the minimum hourly increase you would take if it were solely for the money?

Out of 3 jobs within 5 years, I guess an approximately $3+ increase per hour per job is not too bad.

 

[Atomic Playboy]

Are you struggling to make ends meet? If so, no, it's not enough. Do you have more money than you know what to do with? If so, yes, it's enough. Are you somewhere in between? Then it might be reasonable or it might not be. There. Clear answer, ties everything up nicely.

 

[Sonikku]

Be grateful for what you have. As an educator my pay has increased by $3k in six years but my benefits have increased in cost by $3.5k.

Unpossible. Teachers everywhere are driving up to their mansions in a Lamborghini bleeding this country dry. Repubs told me so.