• DocumentCode
    1356748
  • Title

    Careers: Age and inflation are conspiring against the EE: Further results from the 1975 IEEE U.S. Membership Survey permit the reader to place himself in terms of salary

  • Author

    Rubinstein, Ellis

  • Volume
    12
  • Issue
    8
  • fYear
    1975
  • Firstpage
    62
  • Lastpage
    66
  • Abstract
    IEEE´s average U.S. member is making considerably more than he was two and three years ago. Nevertheless, as was shown in last month´s Spectrum (July, pp. 46¿49), he is not quite keeping up with inflation. This observation is supported by Fig. 1, which shows mean salaries by engineering experience for the years 1972 and 1975 as they deviate from the overall mean salaries for each year. While the overall mean has risen from $19 106 in 1972 to $23 883 in 1975 ¿ a 25-percent increase ¿ the U.S. Bureau of Labor Statistics has measured, through its Consumer Price Index (see July, p. 46, for a discussion of the limitations of the CPI), a 26.1-percent rise in the cost of living. As a result, it can be said that, to keep up with the CPI, the U.S. member´s mean salary should have been several hundred dollars higher than it is.
  • Keywords
    Correlation; IEEE members; Indexes; Industries; Production; Remuneration; Retirement;
  • fLanguage
    English
  • Journal_Title
    Spectrum, IEEE
  • Publisher
    ieee
  • ISSN
    0018-9235
  • Type

    jour

  • DOI
    10.1109/MSPEC.1975.6368925
  • Filename
    6368925