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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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 Posted: Sun Jun 17, 2012 9:31 pm Post subject: |
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| Most English teachers save a good amount of money, but many of them also live like college students, having a tiny, shoebox apartment, eating mostly cheap, crappy food, and using public transportation exclusively. In order to save a good amount of money each year AND have a nice apartment, a new car, etc. you have have to make a lot more than 2.2 million won a month or whatever. You need to make at least double that, if not triple or more. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Sun Jun 17, 2012 9:48 pm Post subject: |
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| Adam Carolla wrote: |
| You clearly haven't lived out of Korea in quite some time. Here's a hint: jobs that allow you to add $10,000 to your savings account every year aren't handed out to random university graduates in the real world. And yes, that is my criteria of what is a well-paying job, one that allows you to bank $10,000 a year. So while you may not think that a random fine arts grad in Korea is making good money, it's a hell of a lot more than he'd make flipping burgers at McDonald's or smoking weed in his parents' basement. You're so out of touch with the real world it's insane. |
Adam the facts don't back you up.
The Median wage for university graduate with my major is over 65,000 USD. The Median starting wage is 40,000 USD. The average burger flipping Philosophy degree grad makes over 75,000 USD and nearly 40,000 to start.
http://www.payscale.com/best-colleges/degrees.asp
My father's degree was in sociology (just an undergrad) and he retired at 52 as a millionaire.
People in ESL in Korea constantly sell themselves short. Belittle their own prospects back home and belittle themselves here. ESL'ers need to have some pride in themselves. You are teaching your students a practical subject and hopefully exposing them to other cultures positively. This is a important job. It is way more important than most jobs in the world. It's a more important job than my father's. Even, the President of the USA mother taught internationally in Indonesia.
Last edited by No_hite_pls on Sun Jun 17, 2012 10:35 pm; edited 1 time in total |
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comm
Joined: 22 Jun 2010
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| Posted: Sun Jun 17, 2012 10:19 pm Post subject: |
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| No_hite_pls wrote: |
Adam the facts don't back you up.
The average wage for university graduate with my major is over 65,000 USD. The average starting wage is 40,000 USD. The average burger flipping Philosophy degree grad makes over 75,000 USD and nearly 40,000 to start.
http://www.payscale.com/best-colleges/degrees.asp |
Actually they do. According to your link, most of the listed degrees started at around $36k/yr. That would put you just over the border into the 25% Federal tax bracket, which leaves you with $27,000 after Federal taxes. The State income tax rate is commonly about 6% of that total which leaves you with $24,840. Then we need to factor in healthcare, which averages about $2,196/yr for individuals, with an average deductible of nearly $3k (OUCH). So let's bring your total post-tax, post-healthcare earnings down to $22,644 (minus those nasty deductible costs of course). Do I need to mention how difficult it is for many graduates to find work in their fields of expertise? At this point, I don't think it's necessary.
Now, how much of $22,644 could you save after paying for rent, utilities, food, transportation, etc? Not $10,000... and sure as hell not $15,000. If you majored in "Petroleum Engineering", then maybe Korea isn't the best place to make bank. For the rest of us, the math comes out in favor of TEFL. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Sun Jun 17, 2012 10:25 pm Post subject: |
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| comm wrote: |
| No_hite_pls wrote: |
Adam the facts don't back you up.
The average wage for university graduate with my major is over 65,000 USD. The average starting wage is 40,000 USD. The average burger flipping Philosophy degree grad makes over 75,000 USD and nearly 40,000 to start.
http://www.payscale.com/best-colleges/degrees.asp |
Actually they do. According to your link, most of the listed degrees started at around $36k/yr. That would put you just over the border into the 25% Federal tax bracket, which leaves you with $27,000 after Federal taxes. The State income tax rate is commonly about 6% of that total which leaves you with $24,840. Then we need to factor in healthcare, which averages about $2,196/yr for individuals, with an average deductible of nearly $3k (OUCH). So let's bring your total post-tax, post-healthcare earnings down to $22,644 (minus those nasty deductible costs of course). Do I need to mention how difficult it is for many graduates to find work in their fields of expertise? At this point, I don't think it's necessary.
Now, how much of $22,644 could you save after paying for rent, utilities, food, transportation, etc? Not $10,000... and sure as hell not $15,000. If you majored in "Petroleum Engineering", then maybe Korea isn't the best place to make bank. For the rest of us, the math comes out in favor of TEFL. |
No, Adam said that the average Liberal Ats graduates are flipping burgers at McDonald's and smoking weed in their parents basement but in reality they are making 40,000 a year. It's big difference.  |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Sun Jun 17, 2012 10:28 pm Post subject: |
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| comm wrote: |
According to your link, most of the listed degrees started at around $36k/yr. That would put you just over the border into the 25% Federal tax bracket, which leaves you with $27,000 after Federal taxes. The State income tax rate is commonly about 6% of that total which leaves you with $24,840. Then we need to factor in healthcare, which averages about $2,196/yr for individuals, with an average deductible of nearly $3k (OUCH). So let's bring your total post-tax, post-healthcare earnings down to $22,644 (minus those nasty deductible costs of course). Do I need to mention how difficult it is for many graduates to find work in their fields of expertise? At this point, I don't think it's necessary.
Now, how much of $22,644 could you save after paying for rent, utilities, food, transportation, etc? Not $10,000... and sure as hell not $15,000. If you majored in "Petroleum Engineering", then maybe Korea isn't the best place to make bank. For the rest of us, the math comes out in favor of TEFL. |
And yes you make some great points about taxes and health care costs. America has a lot problems. When you can not survive on 40,000 a year. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Sun Jun 17, 2012 11:19 pm Post subject: |
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| No_hite_pls wrote: |
[
The Median wage for university graduate with my major is over 65,000 USD. The Median starting wage is 40,000 USD. The average burger flipping Philosophy degree grad makes over 75,000 USD and nearly 40,000 to start.
http://www.payscale.com/best-colleges/degrees.asp
My father's degree was in sociology (just an undergrad) and he retired at 52 as a millionaire.
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Then why aren't you back home making over 65000 USD?
That payscale may be accurate but it doesn't reflect the job market currently
http://www.vdare.com/posts/americas-young-graduates-find-unwelcoming-job-market-but-illegals-wiggle-through
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Gallup pollsters dug up some ugly numbers for April:
Gallup: 1 in 3 young Americans underemployed in April, USA Today, May 09, 2012
A third of U.S. workers under 30 were underemployed in April, according to Gallup.
Compared with older Americans, young adults were more than twice as likely to be underemployed and 50% more likely to be unemployed.
The 32% of 18- to 29-year-olds last month who were either unemployed or working part time but seeking full-time jobs was up 2 percentage points from March and marks the highest since May 2011. Gallup�s measurement is not seasonally adjusted. |
As we see 1 in 3 young Americans are under-employed or not employed at all.
The job market is much the same in the other countries ESL'ers come from. This isn't your father's time and is not likely to resemble it anytime soon. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Sun Jun 17, 2012 11:36 pm Post subject: |
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| Then why aren't you back home making over 65000 USD? |
Thank you so much for your concern, but don't worry about me. I will be making well over 65,000 someday buddy. When I get bored with my present job I'll go back. I have a gotten some great life experiences. My students and co-workers love me for the most part. I am happy that have lived abroad and experienced more than others back home. Something that I wouldn't have gotten if I would have stayed at that engineering firm years ago. It isn't always easy though and I work harder than most. |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Sun Jun 17, 2012 11:57 pm Post subject: |
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| sorry seoulman, but this isn't even remotely close to being true. the average full time wage in korea is significantly lower than a typical teacher's salary, hagwon or public. i don't want to go fishing around for links but they are indeed out there, although some are outdated. |
I've provided links that but the average full time wage in Korea higher than a hagwon salary. If you can provide links that prove me wrong then please do. |
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soomin
Joined: 18 Jun 2009
Location: Daegu
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| Posted: Mon Jun 18, 2012 12:41 am Post subject: |
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| TheUrbanMyth wrote: |
As we see 1 in 3 young Americans are under-employed or not employed at all.
The job market is much the same in the other countries ESL'ers come from. This isn't your father's time and is not likely to resemble it anytime soon. |
I think this is the most important factor... Sure, if you can *get* a job in your field then you may be at the same level as if you were working here (especially if your degree isn't hot right now). Most of my friends work retail (some after being out of college for 3 years now) and only one of my friends, that I know of, is working in her desired field, and that was because her father knew the owner of the company. A lot of companies want:
1. people with high levels of experience (all I saw were 10 years exp and/or a PhD in the field)
2. throw-aways (temps, grunt work with no possibility of moving forward)
To work in my field, I found one incredibly low-paying internship (so low that I would have to live at home and would still be in the red just from transportation costs) with an hour+ commute that would last "indefinitely" and the only hope I had of moving beyond that point was, literally, an act of God. ("Well, the last intern moved up because the person above her left work when she got pregnant... that happens a lot so... just wait for that.") >.< Or, I could be in the fascinating field of tire sales~ Which would be well and good... if I didn't have a college degree and/or knew anything about cars... |
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Markrly
Joined: 10 Apr 2012
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| Posted: Mon Jun 18, 2012 1:04 am Post subject: |
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Last edited by Markrly on Wed Jul 31, 2013 5:12 am; edited 1 time in total |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Mon Jun 18, 2012 1:37 am Post subject: |
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| The only thing you did was provide a link and use it as the sole basis for dismissing the other data. That isn't anything close to viable debating. Also you did manage to make clear in your attempt at data comparison that you have an absolute lack of understanding on what PPP$ actually is and how it effects data. When data has been adjusted for PPP$ you can not just nonchalantly do your own reconversion back to won because it will be extremely inaccurate. |
The link I provided earlier is from Korea and gives the average in won. No need for PPP$.
Here it is again - http://koreajoongangdaily.joinsmsn.com/news/article/article.aspx?aid=2922210 |
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comm
Joined: 22 Jun 2010
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| Posted: Mon Jun 18, 2012 5:14 am Post subject: |
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| Seoulman69 wrote: |
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| sorry seoulman, but this isn't even remotely close to being true. the average full time wage in korea is significantly lower than a typical teacher's salary, hagwon or public. i don't want to go fishing around for links but they are indeed out there, although some are outdated. |
I've provided links that but the average full time wage in Korea higher than a hagwon salary. If you can provide links that prove me wrong then please do. |
The average wage of employees in South Korea is 1,796,644 won (about $1,800 in US dollar) (2009 data)
That's quite a bit less than the approximate 2.7/mo in compensation a NET receives. And if you've got something against Boston College's data, here's an article originally from the Dong-A Ilbo stating that South Korea's per-capita GDP is $20,715... and that number generally correlates with average wage. |
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alongway
Joined: 02 Jan 2012
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| Posted: Mon Jun 18, 2012 5:44 am Post subject: |
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| comm wrote: |
| Seoulman69 wrote: |
| Quote: |
| sorry seoulman, but this isn't even remotely close to being true. the average full time wage in korea is significantly lower than a typical teacher's salary, hagwon or public. i don't want to go fishing around for links but they are indeed out there, although some are outdated. |
I've provided links that but the average full time wage in Korea higher than a hagwon salary. If you can provide links that prove me wrong then please do. |
The average wage of employees in South Korea is 1,796,644 won (about $1,800 in US dollar) (2009 data)
That's quite a bit less than the approximate 2.7/mo in compensation a NET receives. And if you've got something against Boston College's data, here's an article originally from the Dong-A Ilbo stating that South Korea's per-capita GDP is $20,715... and that number generally correlates with average wage. |
I find that number much more believable than 40 million a year. |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Mon Jun 18, 2012 7:19 am Post subject: |
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The average wage of employees in South Korea is 1,796,644 won (about $1,800 in US dollar) (2009 data)
That's quite a bit less than the approximate 2.7/mo in compensation a NET receives. And if you've got something against Boston College's data, here's an article originally from the Dong-A Ilbo stating that South Korea's per-capita GDP is $20,715... and that number generally correlates with average wage. |
Interesting stuff. Is that for all employees or just full time employees? We are most interested in full time average wages. |
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detonate
Joined: 16 Dec 2011
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| Posted: Mon Jun 18, 2012 9:53 am Post subject: |
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Yet most of us don't work full time... the plot thickens.    |
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