Reply to Why are DCUM salaries so much higher than in "real life"?

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Reply to "Why are DCUM salaries so much higher than in "real life"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This area just has a lot of rich people. I just attended my sister's wedding where the best man was the son of a billionaire.

Everyone we know is in tech sales, defense contracting, real estate, business owners, or law. Everyone makes 300k+ starting early thirties. [/quote]

This doesn't even include the lawyers who make serious bank. 
[/quote]

All of this is selection bias. “Everyone I know is like me” does not mean “everyone is like me.” For all of those floors of offices full of people making $400k and up, there are hundreds of people who clean the office, repair the office, build the office, answer the phone at the office, serve lunch to the office, sell clothes to the workers in the office, paint the toes of the people in the office. You don’t know those people, [b]they don’t post on DCUM much[/b] and in the money and finance forum even less, because the cluelessness there about what incomes are normal is maddening.

If you want to know what people earn look at data. Look up what percentage of people make what income by state, city or even zip code. When people do that they often say “but that can’t be true, I can’t be in the top 5% because 100% of the people I know make the same as me or more. I must be middle class and the data must not apply.” It applies. [/quote]

Right. Isn't that is the point of this thread? The people I know who are like me and likely to post on DCUM are well off. 
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