As a young professional, you may get little empathy when your expected salary is unexpectedly small. You may have heard from that “you need to work your way up” or just “be grateful for what you have” however, your small paycheque may result in older generations feeling the pinch too.
An article in the Globe and Mail confirms that you are probably making less money than predicted – the average annual salary for grads is not keeping up with inflation and in some cases has declined. Salaries for graduates six months out of school “went from $41,699 in 2006 to just $42,636 in 2011”. Even more intimidating, is that two years post-grad, “the average declined from $49,468 in 2006 to $49,398 in 2011”. The numbers don’t lie – it can be tough out there. But you have to start somewhere and generations before us have had to start at the bottom and work up the ladder as well. It’s a fact.