Last week I was chatting with a rad young lady who is about to start her final semester of college. When the subject of careers and negotiation came up, I couldn’t contain my enthusiasm. (“Teaching young people how to negotiate their salaries” is what I write down on the religion line on surveys.)
I asked what salary range she was asking for, and she quickly answered: “$37,000.”
It struck me as an unusual number for two reasons:
- First, it seemed mighty low. Many people live happy, stable lives on as much or less—but she was a high-achieving college student entering a STEM field in one of the ten most expensive American cities. I expected double or triple that amount.
- Second, what’s with the non-round number? Usually when people talk about hypothetical large numbers, they do so in intervals of fives and tens. It’s why the JonBenét ransom note haunts us all to this day! (And by “us” I mean rubberneckers who were alive in the 90s and/or true crime nerds. Surely everyone belongs in one of those demographics.)
So I dug deeper. “Why that number?”
She explained that she sat down with a notebook and wrote down all the expenses she might have in a given month. “Rent, internet, groceries, student loans, car insurance… I added it all up, multiplied by twelve, and added 10% for savings. It came out to $36,200, so I rounded up just to be safe.”
My nurturing altruism joined forces with my baser capitalist instincts to manifest a camera to do a dolly zoom on my horrified face.Read More