This is coming from a guy with a GED, BTW. I'm smart enough not to expect executive-level pay for entry-level jobs.
$28 x 40 x 52 = $58,240 is not executive pay. Matter of fact looking at median incomes over the country, there's absolutely nothing out of alignment with it.
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Estimated state median income for a four person family for federal fiscal year 2009.
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Alabama........................ $60,298
Alaska......................... 71,781
Arizona.......................... 65,050
Arkansas......................... 52,185
California....................... 74,801
Colorado......................... 75,775
Connecticut...................... 93,821
Delaware......................... 78,321
District of Columbia............. 71,571
Florida.......................... 65,024
Georgia.......................... 66,711
Hawaii........................... 84,472
Idaho............................ 58,066
Illinois......................... 75,484
Indiana.......................... 67,787
Iowa............................. 67,792
Kansas........................... 67,897
Kentucky......................... 60,202
Louisiana........................ 60,161
Maine............................ 63,501
Maryland......................... 94,017
Massachusetts.................... 89,347
Michigan......................... 72,591
Minnesota........................ 81,477
Mississippi...................... 52,992
Missouri......................... 63,274
Montana.......................... 60,576
Nebraska......................... 68,917
Nevada........................... 66,095
New Hampshire.................... 87,396
New Jersey....................... 94,441
New Mexico....................... 52,034
New York......................... 75,513
North Carolina................... 61,420
North Dakota..................... 67,560
Ohio............................. 68,579
Oklahoma......................... 55,031
Oregon........................... 64,832
Pennsylvania..................... 74,072
Rhode Island..................... 78,189
South Carolina................... 59,663
South Dakota..................... 63,508
Tennessee........................ 60,143
Texas............................ 59,808
Utah............................. 63,586
Vermont.......................... 67,884
Virginia......................... 78,413
Washington........................ 75,140
West Virginia..................... 55,920
Wisconsin......................... 72,495
Wyoming........................... 71,559
Suggesting that these people now make $14 x 40 x 52 - $29,120 falls substancially short of median incomes across the country.
Or may be it that some preceptions here of what a good paying job are substancially short of what an actual good paying job is.....