Tuesday, May 2, 2017

This is Why It Makes Sense to Live Next to a Fed Money Spigot

I would classify all the companies on the list below as beneficiaries of Federal Reserve money printing.

Get a job at one of these companies during the boom phase of the Fed manipulated boom-bust business cycle and you are going to be surfing on a high wave of cash.

Incredibly, summer interns at these companies at the median get paid more than $4,500 a month, according to Glassdoor. That amount, if it was paid over the course of a full year, would be north of $54,000, exceeding the median annual pay for a U.S. worker, calculated from the Bureau of Labor Statistics' latest weekly earnings data for full-time wage and salary workers ($44,460).

Topping the list was Facebook, where the median pay for interns is $8,000 a month, according to the report. The next three were
Microsoft (which pays a median $7,100 a month), ExxonMobil ($6,507) and Salesforce ($6,450).

Of course, all bets are off  during the bust phase of the business cycle which could result in you driving for Uber real fast.


(via The Washington Post)

1 comment:

  1. Doesn't this data ignore geographic cost of living? $5,000 for an oil company, working in the Midwest is surely going further than $6,400 at Apple, in Silicon Valley.