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Here’s what I’m thankful for today
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<blockquote data-quote="Trucker Clock" data-source="post: 5761782" data-attributes="member: 70932"><p>According to the Bureau of Labor Statistics, the average lawyer salary in 2022 was $135K. Yes, this is more than our average salary. But, when comparing jobs, you need to include total compensation. I know, you can't buy groceries with health insurance, but you can buy groceries with the money you save by not paying for health insurance.</p><p></p><p>Lawyers typically don't get a pension. Maybe in some mega firms, but lawyers typically only get a 401K. And lawyers also typically pay a lot for healthcare. Just check out some sites with lawyers complaining about how much they have to pay. Especially in a small firm or for those that are solo with their own practice.</p><p></p><p>So, let's deduct what lawyers pay into their 401K for retirement and also deduct what they pay for medical. How about $20K a year in 401K and $10K a year in health insurance. Now, their $135K average salary drops down to $105K net income. The average UPS driver probably makes $100K-$110K, not working very much overtime.</p><p></p><p>So yes, we make more than about half the lawyers out there. Doctors too. Engineers, probably more than 3/4.</p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5761782, member: 70932"] According to the Bureau of Labor Statistics, the average lawyer salary in 2022 was $135K. Yes, this is more than our average salary. But, when comparing jobs, you need to include total compensation. I know, you can't buy groceries with health insurance, but you can buy groceries with the money you save by not paying for health insurance. Lawyers typically don't get a pension. Maybe in some mega firms, but lawyers typically only get a 401K. And lawyers also typically pay a lot for healthcare. Just check out some sites with lawyers complaining about how much they have to pay. Especially in a small firm or for those that are solo with their own practice. So, let's deduct what lawyers pay into their 401K for retirement and also deduct what they pay for medical. How about $20K a year in 401K and $10K a year in health insurance. Now, their $135K average salary drops down to $105K net income. The average UPS driver probably makes $100K-$110K, not working very much overtime. So yes, we make more than about half the lawyers out there. Doctors too. Engineers, probably more than 3/4. [/QUOTE]
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Here’s what I’m thankful for today
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