[robr2]

Originally Posted by SteveM85

Here we go again with the FAANG narrative. It's a fan fallback favorite.
CT is top 5 in the nation in median and disposable income and education. That is a fact that cannot be disputed. Many are raking in 100-200+ across a wide variety of professions and industries.

But don't forget that multiple 8 figure hedge fund bros are bringing up the median of a number of minimum wage retail workers.

[BobNJ1960]

Originally Posted by JayCT

No, what’s a joke is thinking that everyone wants to work for FAANG or live where they have facilities. There is a VERY big world out there and it still goes well beyond a few high tech companies. Connecticut companies pay very well. Just look at Electric Boat, Pratt, Sikorsky or a host of others here. They pay very well and are attracting top talent to our state.

As has been discussed here MANY times already, CTDOL studies show that those Amazon jobs that you seem to be mocking, are making up for lost retail jobs in our state. As you should know, the number of brick and mortar retail jobs is falling everywhere, losing out to online retailing. Connecticut is fortunately located so that it could well serve the regional online logistic needs of many companies. That’s why we have seen so many logistic/warehousing facilities built here. They may not be six figure FAANG jobs but they certainly fill an important purpose. Jay

Bad side, Jay: Unlike retail, Amazon warehouse jobs are physically crushing. It is unlikely the majority last 2 years doing it. I must admit I use them as I can get stuff fast at my door that is hard to find, but their labor practices are horrible. We are talking of staff not taking bathroom breaks to meet quotas; as to not meet them gets them fired for cause.

[BobNJ1960]

Originally Posted by robr2

But don't forget that multiple 8 figure hedge fund bros are bringing up the median of a number of minimum wage retail workers.

They bring the mean up; not the median.

If you have 11 working, the 6th highest paid is the median. 5 make more, 5 less.

The mean is calculated by adding 11 salaries and dividing by 11.

[JayCT]

Originally Posted by robr2

But don't forget that multiple 8 figure hedge fund bros are bringing up the median of a number of minimum wage retail workers.

That happens in every state. Not just Connecticut. Jay

[JayCT]

Originally Posted by BobNJ1960

Bad side, Jay: Unlike retail, Amazon warehouse jobs are physically crushing. It is unlikely the majority last 2 years doing it. I must admit I use them as I can get stuff fast at my door that is hard to find, but their labor practices are horrible. We are talking of staff not taking bathroom breaks to meet quotas; as to not meet them gets them fired for cause.

That stuff has been outed and the companies are changing. Amazon knows if they want to get and retain workers, they must change. Plus not every new logistics center here is Amazon either. There are many others where work conditions are reasonable. You seem to enjoy painting a bleak picture no matter what is said. Makes me wonder. Jay

[robr2]

Originally Posted by BobNJ1960

They bring the mean up; not the median.

If you have 11 working, the 6th highest paid is the median. 5 make more, 5 less.

The mean is calculated by adding 11 salaries and dividing by 11.

Thank you Professor.

[robr2]

Originally Posted by JayCT

That happens in every state. Not just Connecticut. Jay

I'd say it happens on a greater scale in CT than most states. Not too many finance bros in Mississippi.

[JayCT]

Originally Posted by okbymeman

If you say so. I'd like to see the state lift itself out of mediocrity - but if others are fine with it, so be it. There is so much squandered potential with our location between NY and Boston, we should not be ranking 25th when our immediate neighbors are the top 3. Yet here we are. If things don't change I will just move like many others will.

I think you mistake “stable” for “mediocrity”. What state wouldn’t love to have the number of financial jobs we have? Would they love to have major employers like Electric Boat, Sikorsky, Bridgewater, CIGNA, The Hartford, Travelers or a host of other great companies that we have here.

To have the type of economy you seem to want would require our state to have significant growth. With significant growth comes more sprawl and destruction of our character. It also comes with more people. Connecticut is already the 4th most densely populated state. Do we really want more???

I don’t. That’s why I say we are fine with the growth we have. It certainly makes our state a wonderful place to live. Jay

[JayCT]

Originally Posted by robr2

I'd say it happens on a greater scale in CT than most states. Not too many finance bros in Mississippi.

Connecticut is nothing like Mississippi (thank god), so you really can’t compare them. Compare Connecticut to other comparable states and you’ll see how great we are. I think people here have a bad case of “the grass is always greener on the other side of fence”. If you look at the facts you’ll see how great we are. Jay

[Lincolnian]

Originally Posted by BobNJ1960

They bring the mean up; not the median.

If you have 11 working, the 6th highest paid is the median. 5 make more, 5 less.

The mean is calculated by adding 11 salaries and dividing by 11.

Not necessarily the 6th highest.

$0 $0 $0 $10,000 $50,000 $50,000 $50,000 $60,000 $75,000 $90,000 $1,000,000

The median is simply the middle number in a list from least to greatest. In an even set of data the median is the mean of the two middle numbers.