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[quote=dcmom][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s funny you all think that private industry jobs salaries keep rising. For some, who are tall white males with connections, they become executives and ‘leadership’, others stagnate and get COL increases but passed over promotions, and for all of my relatives of color they get laid off at 50 and start taking lower paying  jobs until finally they have forced retirement, despite 20 years at a company. A few become founders; we’ll see how that plays out. [/quote]
I would like to say that you are wrong, but I believe you and sadly am not surprised
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To be honest I wanted to spark a discussion and hear some dissent.

I’m home to Cali for holidays and everyone of my older friends, uncles and aunts in tech and business have been laid off in their 50s, some took lower status (and I think lower pay) roles or dicey positions in angel stage startups. Many have just accepted their forced retirement and blowing a ton on health insurance premiums.

The only people I know who are kickin it are law partners, owners of their own contracting business (usually gov contracts), or work at a FAANG or on Wall Street (and they come from families of ample means, so there is a question of how much family connections helped them get and maintain their jobs).  My family is all first generation college grads, so we only get jobs basically cold. 
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You won't hear dissent from me. I've seen it so many times--people in their late 50s shown their way out the door, replaced by much younger counterparts. That to me is why I am so grateful that my husband has a government job. I know that I just don't have his kind of job stability.[/quote]

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