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  • Are Ford Workers Really Paid $73 per Hour?

    The David Leonhardt article in today's New York Times on the pay of automotive workers for the Big 3 got me thinking about what hourly wages really mean. Are Ford workers really paid $73 per hour?

    I did a quick look in the PayScale compensation database. While I will get into details below, the quick answer is the assembly line workers in the US at Ford, Chrysler and GM earn about $27/hour in base pay, while US workers for Toyota earn about $25.

    This jibes with the graphic in the NYT article. Why do the companies quote $73/hour, when they are only paying about $27/hour?

    Understanding this huge difference explains why the Big 3 are going bankrupt, and Toyota is not. The $2/hour difference in base wage is not the Big 3's problem.

    The gap between $28 and $73 per hour comes from different definitions of both wage and hour, and the difference between what current workers earn vs. the promises made to former employees.

    Is your market value $73/hour, but your employer is only paying $28? Use the PayScale salary survey to find out.

  • The Wealthiest Celebrities vs. Regular People: Top 5 Overpaid Celebrities & CEOs
    Some say hugely inflated salaries tell a lot about our cultural values – since it’s the teachers and waitresses of the world that go to the movies and buy new kitchen appliances, funding paychecks for the wealthiest celebrities and CEOs of the world. “What jobs pay makes a statement about what we value. As a culture, these disparities make shocking statements about which human activities are more valuable to us,” says Dr. Al Lee, PayScale.com’s director of quantitative analysis.
  • College Salary Report: Why No Advanced Degrees?

    In my last post, University Graduate Salaries: Which Schools Payoff?, I discussed the methodology behind PayScale's College Salary Report: Best Colleges & Degrees.

    Advanced degrees in medicine and, to a lesser extent, in law, business, and other fields, can increase a bachelor's degree graduate's future earnings by opening up high paying jobs that are not otherwise accessible.

    We left out graduates who earn advanced degrees when calculating the average salaries used to compare schools and degrees. Why? I'll look at the answer in this post.

    Are you being paid like an employee with a doctorate in Medicine, or in English? Use the PayScale Salary Calculator to discover whether that advanced degree means more pay in your current career, or whether you should look for a new one.

  • University Graduate Salaries: Which Schools Payoff?

    PayScale just released a College Salary Report: Best Colleges & Degrees. With my able associate Erica Sanders, I had a great time digging through our extensive data to understand whether graduates of different schools have different long-term salaries.

    What makes our data so unique is that we have the jobs people are doing now - 5, 10, 20 or more years after they attended their undergraduate institution - and what these graduates are being paid now.

    There are other surveys that track recent graduate salaries, and we can do that too. (See my post on Starting Salaries for College Grads.) We also have previously mined our college data for March Madness (Alumni Salaries vs. NCAA Championships), to mixed success in predicting the outcome of the Men's basketball tournament. :-)

    In this post, I'll look at our College Salary Report - Best Colleges and Degrees methodology, what the different salaries mean, and apologize to Temple University, Weber State University, and Claremont McKenna College for not including them in our report :-)

    College degree or not, are you earning as much as you could? Use the PayScale Salary Calculator to discover what employees like you are earning.

  • Legitimate Work at Home Jobs: Work at Home Internet Jobs

    We've all heard of outsourcing, but lately that trend is reversing somewhat, creating new legitimate work at home jobs in the U.S., according to an article on CSMonitor.com. These work at home internet jobs are called "home-based customer service agents." When they clock in for work, their phones ring at home; they make reservations, take customer orders, check on deliveries and answer questions.

    There are reportedly 110,000 work at home customer service jobs in the U.S., and 80% of these work at home internet jobs are staffed by women. IDC, a market research company in Framingham, Mass, told CSmonitor.com that these legitimate work at home jobs are "expected to triple to 328,000 by 2010."  So how do you find these legitimate work at home jobs?  Keep reading!

    How does your salary compare to legitimate work at home jobs?  Find out by taking PayScale's full salary survey.

  • Advice on Jobs That Don't Require a College Degree

    In previous posts, I have written about jobs that don't require a 4-year college degree. Some posts generated more comments than others - UPS, love it or hate it :-)

    One reader wrote a thoughtful commentary on a post he saw on our partner, AOL.

    Breaking with my usual pontificating, I am turning this post over this reader. "Jim" followed a path to success that did not include college. He makes a strong case for considering trades instead of college for long-term financial success.

    I have changed a few unimportant details (like his name) to make Jim's comments anonymous, but otherwise the point of view is his.

    Wondering if, college or not, you are being paid what your worth in the market? Find out with our salary survey.

  • Employee Job Satisfaction Statistics

    Are you satisfied with your job?  Do you ever wonder who is?  According to employee job satisfaction statistics reported on LiveScience.com, those in the clergy, firefighters and other folks in helping professions are the most satisfied. These were the results of national job satisfaction studies conducted by the General Social Survey (GSS) at the National Opinion Research Center at the University of Chicago.

    This report of employee job satisfaction statistics was based on interviews with 27,000 Americans. In the study, researchers asked about job satisfaction and general happiness. According to Tom Smith, director of the GSS, “Work occupies a large part of each worker’s day, is one’s main source of social standing, helps to define who a person is and affects one’s health both physically and mentally.”

    Does your salary reflect your happiness?  Find out with our full salary survey.

  • Airline Pilots & Wages: Salary or Safety?

    The friendly skies are not so friendly these days when it comes to airline pilots & wages, reports Fortune magazine. This story actually began back on 9/11.  After the 2001 terrorist attack, the airline industry began to nose dive; people were scared to fly, tourism dropped, the airlines were in trouble.  As the slump continued, some airlines were on the verge of bankruptcy.

    In 2003, airline pilots and other employees agreed to give up 23% of their pay (plus other concessions) to help keep the airlines afloat. Today, the airline industry is making money, especially American Airlines whose top executives (including parent AMR Corp.) have received nearly a quarter-billion dollars in stock.  Now, the pilots want their pay back. Will this fight over airline pilots & wages result in a strike?  Keep reading!

    How does your salary compare to an airline pilot's wages? Find out by taking PayScale's full salary survey.

  • TV Star Salaries: 'The Office' vs. 'Grey’s Anatomy'
    What do your favorite TV stars earn? Compare TV star salaries to the salaries of the characters they play on TV. This round: The Office vs. Grey's Anatomy.
  • Alumni Salaries vs. NCAA Championships: Big Pay Predicts Exit

    Continuing the theme of the last few posts, how well did university alumni salaries (pay of graduates with 5 to 15 years of experience) predict the "Sweet Sixteen" round of the NCAA Division I Men's Basketball Championship?

    Last week, I flipped the original bracket picks (schools with higher paid alumni win) and predicted Stanford University (3 seed, $113,000), UCLA (1 seed, $86,600) and University of Texas (2 seed, $83,400) would be next to leave the tournament, because they all have alumni who earn well above the tournament school average.

    The good news is I was 2 for 3! The bad news is that the NCAA seeding committee was even better. They predicted only 2 would leave the tourney (the universities that are not 1 seeds), and the seeding committee was right :-)

    In this post, I'll look at how well salary worked to predict the Sweet Sixteen weekend, and make a last guess at which university will win it all.

    Are you overpaid and headed home like Stanford, or pulling down 1/2 as much and going to the Final Four like the University of Memphis ($59,100)? Find out with the PayScale salary survey.

  • Bad News for High Salary and Seed Schools in NCAA Basketball Tourney

    In the second round of the NCAA Division I Men's Basketball Championship, the power of university alumni salaries (pay of graduates with 5 to 15 years of experience) to predict the outcome of basketball games finally waned.

    The PayScale bracket picks, when adjusted for the first round outcomes, only predicted 9 out of 16 games correctly. This is basically the same as tossing a coin.

    The seeding committee did better: the higher seeded team won 13 out of 16 second round games.

    However, we discovered a new pattern in the data: high seed and high alumni salaries appear to be a bad combination in NCAA men’s basketball tournament.

    What does this mean for which universities will make the final 4? Read on...

    Are you overpaid and underachieving like a Duke University ($96,800), or underpaid and overachieving like Western Kentucky University ($48,800)? Find out with the PayScale salary survey.

  • Men's NCAA Basketball Second Day: Salary picks 22 of 32
  • Men's NCAA Basketball First Day: Salary picks 12 of 16
  • NCAA Brackets by Salary: Do Graduates' Pay Predict March Madness Success?

    It is March, so it must be time for "March Madness", the NCAA division I basketball championships. Here at PayScale, we always look at things with a salary slant.

    This year, we were kicking around March Madness ideas and hit upon the question, does the pay of a university's graduates predict how well the school will do in the NCAA Division I Men's Basketball Championship? Yes, this is a weird question, but we are weird people :-)

    This question is not about the future pay of the basketball players. We were wondering about all those alumni filling the stands. Do the salaries the alumni earn predict how well the basketball team will do?

    At PayScale.com, we have the data. Here is a teaser: using average university graduate salary, we predicted Mount Saint Mary's University (median annual salary: $60,200) would beat Coppin State University ($46,900).

    Is your salary a "1 seed", or just struggling to make the play-in game? Find out if you are earning what you are worth with the PayScale salary calculator.

  • Is a Person's Salary Considered Privacy Act Information?

    Is a person's salary considered privacy act information?  SignOnSanDiego.com reported that the California Supreme Court ruled in favor a newspaper seeking government job info and salary numbers of public employees. The ruling said that the city of Oakland must release the names, records of termination and salaries of police officers (who earned more than $100,000 in 2004).

    Police officer unions claimed that this information on salary and payment should remain confidential due to privacy. However, Chief Justice Ronald George stated: “Counterbalancing any cognizable interest that public employees may have in avoiding disclosure of their salaries is the strong public interest in knowing how the government spends its money." Should government job info and salary be made public?

    Are you being paid fairly? Check your salary, privately, with our PayScale Salary Calculator.

  • List of Future Jobs in Demand: 2006-2016

    "Where do you see yourself 10 years from now?" That is a hard-to-answer question in the ever-changing U.S. job market. What if you could look into a crystal ball, and see the fastest growing occupations ten years from now?

    While predictions about the future are hard, I recently came across a list of future jobs in demand by the Bureau of Labor Statistics (BLS). (Note: the original list included jobs predicted to grow between 2006 and 2016, but it's been updated through 2022. Our post includes the previous data.)

    This list is the BLS's guess at how our world will change. Baby boomers will get older (personal and home care aides  #2), Generation X will invest for retirement (personal financial advisers  #6), Generations Y and "Millennials" will be in recovery (substance abuse counselors #10), while Generation Text will be even more high tech (computer software engineers #4).

    Which job tops this list of future jobs in demand?  Keep reading!

    However, before you jump to one of the new "hot" careers, make sure you are earning what you deserve today by using the PayScale Salary Calculator.

  • Movie Actor Salaries, Are They Worth It?

    With the Oscars around the corner, we will be hearing about movie actor salaries, which always seem to be in the tens of millions of dollars.

    Few of the best picture nominees are big box office winners. Fortunately for us, George Clooney has decided to go more for "backend" (cut of profits) rather than fixed fees for his movies. If not, his standard fee of more than $15 million would have doubled the cost of "Michael Clayton", and likely scuttled the project.

    Forbes.com reported on movie actor salaries, and calculated which stars actually deliver at the box office. Surprisingly, the best investment in movie actor salaries is Matt Damon. For every dollar The Bourne Ultimatum star is paid, Matt Damon's movies gross $29. Not bad, for a career that started with the minor role of Steamer, the goofy younger brother in "Mystic Pizza".

    Back in 2004, The Bourne Supremacy grossed $290 million worldwide, plus another $165 million in video rentals and sales. Damon's total take for that film was $26 million, so that was a good investment for Universal Studios, as was the sequel, The Bourne Ultimatum.

    What about female movie actor salaries? Jennifer Aniston's last three starring films have earned $17 to every dollar she was paid; The Break-Up grossed an estimated $270 million.

    How does your salary compare, if not to the stars, to other working stiffs like you? Find out with our salary calculator.

  • Jobs for Computer Science Degree Grads Going Up, Up

    High salaries and plenty of jobs abound for recent computer science degree grads, according to a recent article on ComputerWorld.com. However, the picture may not be so rosy for veteran techies. In fact, some experienced IT workers are actually experiencing cutbacks. What is going on here? 

    First, the recent college grads: Emanuel Contomanolis, of the Rochester Institute of Technology, told ComputerWorld.com that jobs for computer science degree holders were prevalent in IT firms, thanks to recruiters scouring campuses. He also said that financial services firms are filling jobs for computer science degree holders, because they have realized that IT features "are going to be critical to how they differentiate themselves on the market."

    How does your salary compare to jobs for computer science degree grads?  Find out with PayScale's full salary survey.

  • Software Developer Salaries: Ruby on Rails vs. Java

    "willCode4Beer", a software engineer and blogger in the San Francisco Bay Area, recently posted a comparison of "Ruby on Rails" and Java software developer salaries, using PayScale data.

    Noting that the average salary for developers in San Francisco is $17,000 higher for Java than Ruby on Rails, he concluded he should stick with Java, at least until the pay for Ruby on Rails catches up.

    However, big grains of salt are required when comparing these charts :-)

    In this post, after a brief background on programming languages and their fads, I'll look at why, even in the face of these charts, it is not so clear which language willCode4Beer should use.

    Wondering what your skills are worth? Find out with the PayScale salary calculator.