At what salary is it not worth it to work?

[Anonymous]

I never do this, but I call troll on this whole stupid thread.

Good one, OP. You got us.

[Anonymous]

You seem to forget that unemployment is for people that don't have a job, are looking for a job and haven't turned down any reasonable job offers. Although the contract $45/hour offer may be outside of a clear full time offer and protect you from complete unemployment fraud, the spirit of the rules are being violated. You could work and make money but you are choosing to stay unemployed.

People on this forum have been going off on minimum wage workers receiving an increase to $15/hour and then I see this. Those minimum wage workers are actually out working at their (usually) crappy jobs. Those jobs are usually physically demanding, incredibly boring and there is always some crazy production metric or a customer survey where you're judged on all the results but you don't have control over the subject matter asked about. But they're slogging along hoping to pay their bills and people want to give them a hard time for having an opportunity to have more money left over after taxes. Taxes are big because we all pay the formerly termed FICA.

And then there is you. Too good for $45/hour.

[Anonymous]

Anonymous wrote:I never do this, but I call troll on this whole stupid thread.

Good one, OP. You got us.

It’s not. This is a sad sack who posts frequently on this forum about being unemployed with a useless SAHW and three kids about to go to college.

[Anonymous]

Anonymous wrote:
1. Health insurance.

2. Rest depends on individual lifestyle. I would jump at a chance of a $45/hr job. You’re lucky.

+1. I'm a SAHM but got bored and just took a $9/hr data entry job. Wanna trade, OP?

[Anonymous]

Anonymous wrote:OP - right now $45 works out like this. I am getting $20 an hour unemployment. So actually $25 an hour. I am all in since live in MoCo so almost 30 percent tax bracket so like another $7 off. Plus payroll taxes. SS etc another buck off.

So making $17 an hour.

If job had medical would do it. Cobra and mortgage are my biggest expenses. If unemployment ran out would do it.

My bills are at point $17 does nothing. In fact if I wanted Obama care might also be an issue.

I need around $145k to pay the bills. Remember that is taxable. But even at $145 can’t contribute much to 401k as need the income.

I think I can land a job soon. But to be honest it may be my last one.

This is why socialism doesn’t work.

[Anonymous]

Anonymous wrote:OP there are massive costs with selling and buying. I plan on selling when youngest done HS at earliest. To sell now and downsize is crazy expensive. I rather wait till I retire. Go to Florida. My condo I rent has no mortgage and in a different state. I don’t want to sell as I make a lot on it. And if I sell primary at retirement and between homes could live there on a temp basis.

My three cars run perfect, low mileage but are 7-10 years old. To replace then is crazy.

One thing I learned I need to get back to work. Something with equity or pre ipo and pray stock pops. But $45 an hour nothing is popping

And my wife at best $20 an hour part time is doing nothing.

You just have an excuse for everything, don't you? Sounds like you are just looking for DCUM to give you positive feedback on your refusal to work rather than actually solve your myriad problems. Are you expecting someone here to throw you a six-figure job referral? I wouldn't want you on my team since you seem to lack basic problem-solving skills. Praying for stop options and a hot ticket is not a financial plan, particularly when you can't even seem to land a gig at an established company. Good luck picking one of the rare startups that actually makes you wealthy

I'm sorry you're unemployed, but you and your wife are adults and surely understand basic greater than (expenses)/less than (income) comparisons.

[Anonymous]

Anonymous wrote:OP there are massive costs with selling and buying. I plan on selling when youngest done HS at earliest. To sell now and downsize is crazy expensive. I rather wait till I retire. Go to Florida. My condo I rent has no mortgage and in a different state. I don’t want to sell as I make a lot on it. And if I sell primary at retirement and between homes could live there on a temp basis.

My three cars run perfect, low mileage but are 7-10 years old. To replace then is crazy.

One thing I learned I need to get back to work. Something with equity or pre ipo and pray stock pops. But $45 an hour nothing is popping

And my wife at best $20 an hour part time is doing nothing.

What do you want people to say?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

You don't need to replace them with cars. Replace them with a $100 bicycle.

And bike ride where? One daughter is taking job to college next fall. She is moving further from campus in a cheaper apartment. Then I need the car other kids Junior and senior year as in nursing and needs to get to hospital.

Your daughters can use them to bike to campus/hospital from their apartments. As an aspiring nurse, your daughter should know the importance of physical activity.

No, I understand that nursing clinicals at hospitals can be up to 1.5 hours away by car. A bicycle won't do! And your daughter may already have the lease set up for next year. Is it possible for her to take the bus to campus?

[Anonymous]

OP I held out on a job worthwhile doing. I got an offer letter today.

I wanted a sign on bonus as I did not like salary. They were constrained by salary.

So I got them to agree to $40K sign on years one and $20K in year two and three. Assuming I stay three years.

Folks whining I stayed on unemployment too long and got extra checks remember that $80K is taxable at bonus rates so you guys are getting $32,000 of my sign on in taxes. I think collecting an extra $10K in unemployment resulted in a 300 percent gain to tax payers.

Lesson never sell yourself short. If you dont think you are worth it why would your boss think you are worth it.

Remember, they are hiring you cause they need you!! Not the other way around.

Also those BS low pay consulting gigs never lead to good jobs. You are giving away the milk so they wont buy the cow. The body shop consulting firm is using you like an indentured servant. They wont let you go. Plus they often are entitled to big fee to convert you to an FTE so they wont.

You are also only unemployed if you let folks think you are unemployed. I decided I am taking a break waiting for right opportunity (yes I was unemployed and scared as needed a good job), but once I made it clear I dont have to work, I have mad skills, the employers started asking where else are you interiewing, please tell us if you have any other offers.

My new job is very exciting. I turned down a higher paying opportunity for it. I am in a huge fintech reporting directly to CEO.

There are extremely nice people I will love forever and help out to day I die in my job hunt. But 99 percent of folks turned their backs and not mad as that is how people are.

I am going to give my one car to my older daughter senior year and my car to middle daughter junior year for clinicals. My 2011 American car only has 30K miles on it so giving a 11 year old car to daughter is not a huge thing. No way in their budget of 3K for a car they they will they get anything safe or reliable.

I start work on March 22.

My wife did agree to go back to work as this was stressful mainly do to medical situation. But she will wait til Sept 2021 when school is back full time for youngest.

I am also going to keep job hunting. I dont want to be walked out the door again in a pandemic with no notice.

One wise man once told me cutting expenses costs you money in long run. Look I could of threw in the towel. Downsized, to a house I could pay cash for with lower taxes, told my children to take out loans then retired early or worked in retail or some bs job. But what message does that send.

I also think living in a nice house in a rich neighborhood even if unemployed shows you dont have to work rather than you are deperate for work.

I also posted good content on LinkedIn a lot and make a lot of calls.

I guess I am good to the next Recession. Now to pay off mortgage, pay off college, get wife back to work in next three years.

And I still took a big pay cut. The place got a deal on me. But I love the company and they gave me a shot at stock.

They also treated me with respect the whole way.

[Anonymous]

Anonymous wrote:OP I held out on a job worthwhile doing. I got an offer letter today.

I wanted a sign on bonus as I did not like salary. They were constrained by salary.

So I got them to agree to $40K sign on years one and $20K in year two and three. Assuming I stay three years.

Folks whining I stayed on unemployment too long and got extra checks remember that $80K is taxable at bonus rates so you guys are getting $32,000 of my sign on in taxes. I think collecting an extra $10K in unemployment resulted in a 300 percent gain to tax payers.

Lesson never sell yourself short. If you dont think you are worth it why would your boss think you are worth it.

Remember, they are hiring you cause they need you!! Not the other way around.

Also those BS low pay consulting gigs never lead to good jobs. You are giving away the milk so they wont buy the cow. The body shop consulting firm is using you like an indentured servant. They wont let you go. Plus they often are entitled to big fee to convert you to an FTE so they wont.

You are also only unemployed if you let folks think you are unemployed. I decided I am taking a break waiting for right opportunity (yes I was unemployed and scared as needed a good job), but once I made it clear I dont have to work, I have mad skills, the employers started asking where else are you interiewing, please tell us if you have any other offers.

My new job is very exciting. I turned down a higher paying opportunity for it. I am in a huge fintech reporting directly to CEO.

There are extremely nice people I will love forever and help out to day I die in my job hunt. But 99 percent of folks turned their backs and not mad as that is how people are.

I am going to give my one car to my older daughter senior year and my car to middle daughter junior year for clinicals. My 2011 American car only has 30K miles on it so giving a 11 year old car to daughter is not a huge thing. No way in their budget of 3K for a car they they will they get anything safe or reliable.

I start work on March 22.

My wife did agree to go back to work as this was stressful mainly do to medical situation. But she will wait til Sept 2021 when school is back full time for youngest.

I am also going to keep job hunting. I dont want to be walked out the door again in a pandemic with no notice.

One wise man once told me cutting expenses costs you money in long run. Look I could of threw in the towel. Downsized, to a house I could pay cash for with lower taxes, told my children to take out loans then retired early or worked in retail or some bs job. But what message does that send.

I also think living in a nice house in a rich neighborhood even if unemployed shows you dont have to work rather than you are deperate for work.

I also posted good content on LinkedIn a lot and make a lot of calls.

I guess I am good to the next Recession. Now to pay off mortgage, pay off college, get wife back to work in next three years.

And I still took a big pay cut. The place got a deal on me. But I love the company and they gave me a shot at stock.

They also treated me with respect the whole way.

Sounds great! See you soon!

[Anonymous]

Wow, you are really dumb.

"We're" not getting $32K of your signing bonus as taxes. You pay that in withholding and then will get it back based on your annual filing. If you've been unemployed and your overall income is lower, your bonus withholding means squat.

And "cutting expenses costs you money in the long run"? You are just not very bright. There are tons of expenses that are for your convenience and not necessities. What are you teaching your kids? That it's fine to budget beyond your means, take handouts when you have other options, and you don't sometimes need to take a bird in the hand while you're looking for your forever home.

And employers are not googling your home address to see if you live in a rich neighborhood - first, many resumes I get now only include cell numbers and email addresses; second, many HR departments explicitly prohibit that sort of discrimination; and, third, it could backfire on you have have someone assume that you won't invest as much in the job because you don't need it or that it's better off going to someone who it might make a quality of life difference for.

Jesus Christ, I hope you're a troll.

[Anonymous]

A good portion of this country is fighting for a $15 minimum wage, so there's that.

[Anonymous]

Anonymous wrote:Wow, you are really dumb.

"We're" not getting $32K of your signing bonus as taxes. You pay that in withholding and then will get it back based on your annual filing. If you've been unemployed and your overall income is lower, your bonus withholding means squat.

And "cutting expenses costs you money in the long run"? You are just not very bright. There are tons of expenses that are for your convenience and not necessities. What are you teaching your kids? That it's fine to budget beyond your means, take handouts when you have other options, and you don't sometimes need to take a bird in the hand while you're looking for your forever home.

And employers are not googling your home address to see if you live in a rich neighborhood - first, many resumes I get now only include cell numbers and email addresses; second, many HR departments explicitly prohibit that sort of discrimination; and, third, it could backfire on you have have someone assume that you won't invest as much in the job because you don't need it or that it's better off going to someone who it might make a quality of life difference for.

Jesus Christ, I hope you're a troll.

Why would you assume I made less income because I was unemployed? I got severance when laid off in 2020 and 100 percent of my 2019 bonus paid out in 2020. I was not let go for cause. I was out of work a few months but got unemployment once severance ran out for a few weeks then I landed a $5,000 a week consulting gif for five months and now back to work.
K
I cut to bone all unnecessary stuff, food, shopping, eating out, got car insurance and other things knocked down and did home repairs and lawn work myself when I was off. I dont spend any money. Have not left house in one year, no vacation. No nothing.

And my home address is on all my applications and resumes. I got all my interviews directly none through a recruiter. I also told them I have two kids in college and a stay at home wife so I can work OT and travel.

I had to fill out FASFA and junk with kids, my one daughter was impressed I asked for 5K a week WFH to do some consulting and got it. In middle of pandemic. While I was unemployed.

Guess what my older daughter got an Internship at a FANG type company this summer at $28 an house. She knows you are are worth what you think you are worth.


Now I can stop hording cash. If you are not fired for cause, work at a good company, have a good salary and been there at least a few years you do get severance. It is ment to hold you over for a few months to a year. But trouble is I was at point of not working again or landing a job. So very happy have a job. Also happy I am in senior mgt team and reporting to CEO. YOu need a seat at the table.

What do you mean leave beyond my means? I already saved for retirement, my kids education and have a ton of equity in my house. I just had cash flow issues. Also not working at this age is horrible. And cash flow was on future cash flows not current. I still have most of my severance money unspent. I plan on throwing it at mortgage in a few weeks. That plus my 40K.

Yea it was hard. I have been this road before. Way back in my 30s when hard up I jumped on two jobs I should not have as was scared and took the job, it did not work out. This time I rode it out.


If folks were more like me and refused those crap jobs we would not be having this 15 dollar and hour min wage discussion. Heck my 18 year old was making $25 last summer doing instacart

[Anonymous]

What is a body shop consulting firm?

What is ANY of this?

[Anonymous]

Interesting to go from complaining about needing $154K/year to live and not being able to afford to take $45/hour and getting unemployment and then all of a sudden, there is magically severance money and all sorts of assets.

I am trying to imagine what sort of company would have someone who's such a poor communicator and speaks in barely comprehensible generalizations in a senior-level position. Body shop consulting is a much different industry than legal, I guess.

You're not worth what you think you're worth, you're worth what someone is willing to pay you. You don't get paid more just because you believe in yourself.

This is approaching Borat-level satire, just more poorly executed.