Doubleclick on the image to make it bigger... a colleague came to me and said, "We are in the wrong industry! This guy from Merrill Lynch earns $4.4 mil a year and he's only 10 years older than me!" Hmmm.... I did a scenario testing on excel. I started with a salary of S$1,650 after graduation. Assuming I had an increment of 10% a year ( ideal case sceanario)... and continue to have 10% adjustment a year, by the time I retire at age 62 ( if I hadn't kicked the bucket by then) I should be earning S$82,155 a month! Roughly S$1 mil a year??? But hey, if I worked till I'm 78 years old , in Year 2053, I can match what this guy does in Year 2008! Right... someone tell me, what'll be the price of loaf of bread in 2053?
Thursday, June 05, 2008
Salary Inflation
Doubleclick on the image to make it bigger... a colleague came to me and said, "We are in the wrong industry! This guy from Merrill Lynch earns $4.4 mil a year and he's only 10 years older than me!" Hmmm.... I did a scenario testing on excel. I started with a salary of S$1,650 after graduation. Assuming I had an increment of 10% a year ( ideal case sceanario)... and continue to have 10% adjustment a year, by the time I retire at age 62 ( if I hadn't kicked the bucket by then) I should be earning S$82,155 a month! Roughly S$1 mil a year??? But hey, if I worked till I'm 78 years old , in Year 2053, I can match what this guy does in Year 2008! Right... someone tell me, what'll be the price of loaf of bread in 2053?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment