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  1. #1
    Senior Member cbr9927's Avatar
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    Making half of your income

    I lost my job last year and will be facing a big pay cut. Probably 40-50 percent less than what I made as my old job was outsourced to a computer.
    Now that I make so much less its actually more enjoyable to be with my new co workers cause they don't have 1st world problems like a little scratch on my car, will this LV bag match my shoes, whether Chinatown is too dirty to go eat at. They don't have time to worry about you, its all about the bare essentials.

    And yeah, I bought 2 many bikes lately but its my gift for myself for 16 years of work. I don't have any real vices except spending 2 much on 2 wheel toys.

    I worked in the Health care industry.
    2013 Trek Madone 2.1

  2. #2
    Pedaled too far. Artkansas's Avatar
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    Sorry to hear about it. Computers and robots are moving up the food-chain job wise.

    You're still ahead of me. One of my biggest sources of income this year was a birthday present from my ex.
    "He who serves all, best serves himself" Jack London

    Quote Originally Posted by Bjforrestal View Post
    I don't care if you are on a unicycle, as long as you're not using a motor to get places you get props from me. We're here to support each other. Share ideas, and motivate one another to actually keep doing it.

  3. #3
    Senior Member bikebuddha's Avatar
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    Last year I made 10% of my peak earnings back before the crash, in a way it sucks but then I look at my friend's father who was diagnosed with ALS and I think why am I complaining I can't afford a Brompton.
    The few, the proud, the likely insane, Metro-Atlanta bicycle commuters.

  4. #4
    Banned. ModoVincere's Avatar
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    I tookj a 20k/yr paycut 10 yrs ago to take a job I could commute on bike to. That job has since moved downtown, meaning no bike commuting and I'm still making 10K less than I was 10 yrs ago.

  5. #5
    Senior Member blacknbluebikes's Avatar
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    Good old Ned Ludd was onto this about 200 years ago... http://en.wikipedia.org/wiki/Luddite

  6. #6
    hello roadfix's Avatar
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    Many people I know have also taken sizeable pay cuts over the years. I'm self-employed and I currently make only about 30% of what I used to make, say, more than a dozen years ago. The only good thing is that I've been completely debt free for the last few years. The only major expenses I have now are my medical insurance premiums, utility bills, and the $12,000 annual prop tax bill for my house.
    .cinelli.olympic.surly.long.haul.trucker.kona.ku.surly.steamroller.
    .litespeed.classic.litespeed.firenze.bianchi.pista.dean.colonel.plus.more.

  7. #7
    Senior Member RPK79's Avatar
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    Quote Originally Posted by roadfix View Post
    Many people I know have also taken sizeable pay cuts over the years. I'm self-employed and I currently make only about 30% of what I used to make, say, more than a dozen years ago. The only good thing is that I've been completely debt free for the last few years. The only major expenses I have now are my medical insurance premiums, utility bills, and the $12,000 annual prop tax bill for my house.
    Boy, I sure wish I could live in LA!

  8. #8
    Nobody mconlonx's Avatar
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    I quit a publishing job to be a bike mechanic and took a 60% pay cut. Did that for 4.5 years. Then an offer came along to get back into publishing at twice what I make as a mechanic. I very much took them up on that offer and now have the best of both worlds -- full time job that pays well and is only 4 days/wk; part time job at a bike shop so I can maintain my employee discount and spend all that extra cash on bike stuff.
    I know next to nothing. I am frequently wrong.

  9. #9
    derailleurs are overrated bigbenaugust's Avatar
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    We hit our peak earnings in the summer of 2008, when I had just gotten a raise (July) and before Mrs. A went part time (Sept). Between us, we were making $180k or so a year for a few glorious months. Then she went part-time, then we had kids, then we decided she could stay at home, then I took a new job and we moved cross-country for $10k a year less than I was making. We are currently at one income, two kids, one car, one mortgage, and less than half of our peak gross income.
    --Ben
    Carrboro Bike Coalition - putting the "bike" in "CARrboro" :)
    2011 Motobecane Fantom Cross Uno, 2009 Motobecane Fantom CX
    Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014)
    Current Linux Usage (by machine): Arch: I openSUSE: III

  10. #10
    Why not? EthanYQX's Avatar
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    Living on no income right now in the process of changing jobs. It isn't fun but it's worth it.

    Everything is paid off right now, when I buy a new vehicle that and a mortgage will be my only debt.

    Quote Originally Posted by bigbenaugust View Post
    We hit our peak earnings in the summer of 2008, when I had just gotten a raise (July) and before Mrs. A went part time (Sept). Between us, we were making $180k or so a year for a few glorious months. Then she went part-time, then we had kids, then we decided she could stay at home, then I took a new job and we moved cross-country for $10k a year less than I was making. We are currently at one income, two kids, one car, one mortgage, and less than half of our peak gross income.
    Half of 180k a year is still very nice money.
    "It is not the critic who counts."

  11. #11
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    Tell me about it. I work in a place where we wonder how we are going to afford gas in our cars each week, yet our main boss--who eats lunch with us--goes on and on about how an obscure function on his radio in his new Volvo SUV doesn't work and how irate he is about it all the time. Puh-lease!

  12. #12
    Senior Member jdon's Avatar
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    The current trend in corporate aviation is the closing of a corporate department and outsourcing to management companies. Management companies pay about half of a true corporate department and have none of the benefits. When my company closed the flight department two years ago, rather than take a 50% pay cut, I started working as a contract pilot and that has also led to the jet brokerage business. In a few years, I will give up the flying aspect altogether. Why didn't I catch on to the brokerage business 20 years ago?

    Aviation on the whole has been in a race to the bottom since deregulation. More time in the seat, fewer days off, fewer benefits, lower pay etc. We do compete with Greyhound after all..
    Quote Originally Posted by maddmaxx View Post
    How are you ever going to live in the real world if you can't get along with people who don't believe what you do?

  13. #13
    derailleurs are overrated bigbenaugust's Avatar
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    Quote Originally Posted by EthanYQX View Post
    Half of 180k a year is still very nice money.
    I didn't say I was eating the grass out of the front yard or anything***, the bills are all paid and Home Depot is getting its share. But there is definitely not as much play money laying around as there was during our halcyon "dual income no kids" days in the Silicon Valley. But we have a real house and a little land that would have been completely impossible there.

    *** But I am going to start of setting up the garden this weekend.
    --Ben
    Carrboro Bike Coalition - putting the "bike" in "CARrboro" :)
    2011 Motobecane Fantom Cross Uno, 2009 Motobecane Fantom CX
    Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014)
    Current Linux Usage (by machine): Arch: I openSUSE: III

  14. #14
    Senior Member
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    Quote Originally Posted by EthanYQX View Post
    Half of 180k a year is still very nice money.
    Depends on where you are. In many parts of the country, taxes have been skyrocketing making it hard to find any real progress. In metro NY, $90K for a household wouldn't go very far - especially if you have kids. We're becoming a country with no middle class and I'n not sure why people aren't outraged.There are interest groups and activists looking out for the rich, the working poor, etc. But no one talks about the middle or realizes that in many areas, that $180K for a family would not be what you think because of skyrocketing property taxes.

  15. #15
    derailleurs are overrated bigbenaugust's Avatar
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    Quote Originally Posted by bigbenaugust View Post
    I didn't say I was eating the grass out of the front yard or anything***, the bills are all paid and Home Depot is getting its share. But there is definitely not as much play money laying around as there was during our halcyon "dual income no kids" days in the Silicon Valley. But we have a real house and a little land that would have been completely impossible there.

    *** But I am going to start of setting up the garden this weekend.
    And when I say "definitely not as much play money laying around", I mean to say it's close to zero. Going from a paid-off mobile home in the Silicon Valley to a real house in NC was a big shocker.
    --Ben
    Carrboro Bike Coalition - putting the "bike" in "CARrboro" :)
    2011 Motobecane Fantom Cross Uno, 2009 Motobecane Fantom CX
    Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014)
    Current Linux Usage (by machine): Arch: I openSUSE: III

  16. #16
    Banned
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    The existence of a middle class has, and always will, trouble the powers that be. Education, leisure time, and some money to burn are a recipe for social discontent and rebellion. Most folks are too tired and overworked to care about anything more than getting by these days.

  17. #17
    A tiny member bikeguyinvenice's Avatar
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    I took a pay cut back in October to move to another company with the hopes it would lead to a better position in the future, well it has not yet, but since that time I have met a wonderful new woman that I am thrilled to have met, she makes 25% or so more than me, and is more than happy with her job, we have talked of marriage. So if I get a better position within the company that is fine, if not that's fine too, I'm happy with my job now and so is the future Mrs. Bikeguyinvenice. I guess the saying money can't buy happiness might really be true.
    My cycling blog http://kcmjr.wordpress.com/
    "Normal" is just a setting on a washing machine.

  18. #18
    Why not? EthanYQX's Avatar
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    Average income in Canada is, I believe, mid 20k or mid 30k range. Not sure but that seems right to me.
    "It is not the critic who counts."

  19. #19
    Senior Member no motor?'s Avatar
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    I don't know anyone who hasn't taken a loss somehow, and I'm just glad I ended up with a life that doesn't require a lot of "stuff" to be worthwhile.

  20. #20
    Senior Member
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    Quote Originally Posted by lenA View Post
    The existence of a middle class has, and always will, trouble the powers that be. Education, leisure time, and some money to burn are a recipe for social discontent and rebellion. Most folks are too tired and overworked to care about anything more than getting by these days.
    Perhaps that's true, but if you look at any civilized, modern society, you'll see a vibrant middle class actually brings stability. Granted, lots of politicos don't buy into that or foster dischord for their benefit, but all that just masks the real issue.

  21. #21
    Senior Member
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    Quote Originally Posted by no motor? View Post
    I don't know anyone who hasn't taken a loss somehow, and I'm just glad I ended up with a life that doesn't require a lot of "stuff" to be worthwhile.
    It's true that a lot find "happiness" in things, but the cost increases today aren't just coming from buying things. Educating your children, paying taxes and other major costs are skyrocketing. College costs alone are a major problem for many families.

  22. #22
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    I am currently earning about what I was making in 1988. Not a great place to be in, but back then I had 2 small children, a big mortgage payment and 2 car payments, along with child care expenses and everything else that goes along with raising a family. While I'd rather be earning good money today, I don't think I'd like to go back in time. Life is a lot simpler now, and I've learned to make do.

  23. #23
    Administrator CbadRider's Avatar
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    My longest bout of unemployment was 7 months. I got by with unemployment and living off my savings. The job I got after that was a 25% pay cut, but after scrimping for 7 months it seemed like a bonanza. I had learned to cut out a lot of unnecessary extras that I really didn't need and once I was employed again I was careful to not fall into the trap of just buying stuff without really thinking about it.
    Quote Originally Posted by toddles View Post
    So Tom only hires people that are nutty? Is part of the requirement to be a moderator on this site is that you have to be nuts??
    Forum Guidelines *click here*

  24. #24
    Senior Member RPK79's Avatar
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    Since 25% of my income goes to child support and 25% goes to taxes I already take home half my income.

  25. #25
    Pedaled too far. Artkansas's Avatar
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    I just got off the IRS website. I don't have to pay any tax for last year. I didn't earn enough.
    "He who serves all, best serves himself" Jack London

    Quote Originally Posted by Bjforrestal View Post
    I don't care if you are on a unicycle, as long as you're not using a motor to get places you get props from me. We're here to support each other. Share ideas, and motivate one another to actually keep doing it.

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