That's just not true. Would like to see where you are even getting that from.

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Oct 15, 2021
8:37:27am

CSoul Truly Addicted User

That's just not true. Would like to see where you are even getting that from.

Every state saw a median income drop in 2020, but in Utah it's now increased 6% in 2021.

Utah Foundation

Significant Statistics | Utah Leads the U.S. in Personal Income Growth - Utah Foundation

In a year when one might expect Americans’ personal income to decrease, 2020 saw the greatest increase in personal income growth in 20 years. The pandemic and related economic shutdown inspired a far-reaching increase in governmental assistance. Policymakers focused on increasing funds for...

https://www.utahfoundation.org/2021/06/significant-statistics-utah-leads-the-u-s-in-personal-income-growth-during-2020/

States Began 2021 With Record Personal Income Growth

More than half of states recorded their strongest personal income growth ever in the first quarter of 2021 as the economic recovery accelerated.

https://pew.org/3DgI77U[https://www.pewtrusts.org/en/research-and-analysis/articles/2021/09/01/states-began-2021-with-record-personal-income-growth]

This message has been modified

Originally posted on Oct 15, 2021 at 8:37:27am

Message modified by CSoul on Oct 15, 2021 at 8:40:07am

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CSoul

Previous username: tsm26
Bio page: CSoul
Joined: Nov 20, 2005
Last login: May 25, 2024
Total posts: 66,968 (14,016 FO)

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Messages

Author

Time

Has compensation improved much to match crazy house prices?

greatbam

10/15/21 8:16am

Not even close.

S-rizzle

10/15/21 8:20am

Utah is still 30% or more cheaper in housing than California. That said, Utah had a YoY increase in wages

CSoul

10/15/21 8:21am

15% increase YoY in the tech sector? LOL no.

OnEMoReTrY

10/15/21 8:23am

You can go ahead and laugh, I don't really care. I actually know.

CSoul

10/15/21 8:24am

I just got a 30% bump in tech. Same job.

dwhitebud

10/15/21 8:38am

Definitely true

molodyets

10/15/21 8:56am

LOL you must really be cranking out the research to be so confident on that one

Epileptic Beagle

10/15/21 9:15am

I got wage increase of 20 percent joining the tech sector.

JohnnyC

10/15/21 8:26am

Not close. Last year I looked into a job at a newly listed public tech company in Utah - would be a 65%+ pay cut.

slappy

10/15/21 8:23am

TNT was talking to someone in health care who said their salary was half in Utah what it was in California

TNT

10/15/21 8:24am

What position? I'll gladly share with you most jobs being posted in California and Utah

CSoul

10/15/21 8:26am

Tech trans attorney. My current company has me with golden handcuffs, and I'd take a paycut going pretty much

slappy

10/15/21 8:30am

Attorneys and dentists have in general got paid crap in Utah because there are too many of you

CSoul

10/15/21 8:32am

Depends. I've been on my fair share of "interviews" over the past 18 months

RockyBalboa

10/15/21 8:48am

I always hear this on here but then they say they are getting offers from New York or California

CSoul

10/15/21 8:51am

I've gotten remote offers from companies in Cali, Washington, TX and MN

RockyBalboa

10/15/21 9:17am

So other than Minnesota the areas I mentioned? Remote first work has definitely changed the game.

CSoul

10/15/21 9:46am

Ummm not even close to Calif prices.

byu1

10/15/21 8:30am

Started a new job in January, asked my boss if they do annual raises

10/15/21 8:32am

I got 2.3% this year

bluelands

10/15/21 8:41am

Ironically in a lot of markets, yes. Utah, no.

rad dawg

10/15/21 8:32am

That's just not true. Would like to see where you are even getting that from.

CSoul

10/15/21 8:37am

You are looking at average personal income. I am looking at median household.

rad dawg

10/15/21 8:47am

Again, show me where you are seeing that data. Before 2020 Utah was increasing, it decreased in 2020

CSoul

10/15/21 8:49am

A lot if it is estimates right now admittedly for 2021

rad dawg

10/15/21 8:57am

You said it was decreasing and then linked a current state median income. Those aren't the same.

CSoul

10/15/21 9:13am

I dont disagree that it was rising until 2020.

rad dawg

10/15/21 9:31am

My guess is certain government payments are being counted. And for your argument household median

CSoul

10/15/21 9:45am

Median salaries is not what underwriters use and is less relevant.

rad dawg

10/15/21 9:56am

The OP was talking about compensation, so the entire premise was on salaries. "Has compensation improved"

CSoul

10/15/21 10:05am

"compensation to match crazy home prices"

rad dawg

10/15/21 10:14am

Inflation is outpacing compensation increases. Checks grew by 4%...

jrifkin48

10/15/21 8:35am

I wonder if there are significantly more dual incomes recently driving up costs

Rhubarb

10/15/21 8:36am

Not near close in proportion to the cost of living increase

RockyBalboa

10/15/21 8:38am

As a federal worker, after inflation and the annual COLA increase, I will make

panacablue

10/15/21 8:41am

A consumer of our taxes. Best wishes p

Bullrider

10/15/21 9:25am

We've looked at moving back to Utah. No chance. Nurse salaries are a joke.

Ironhide

10/15/21 8:49am

Businesses have shifted from the norm of granting an average of 3% cost of living increases to now around 1.5%.

Pimpin4Paradise

10/15/21 8:49am

I think the hope is that home prices get crushed at some point. Wage inflation

grosven

10/15/21 9:00am

Looking at house prices alone, no. Looking at cost of home ownership - better but still no.

molodyets

10/15/21 9:50am

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