During my daily check-in to Yahoo! Finance I came across an article (The incredible shrinking incomes of young Americans) that I felt compelled to address…
First, let’s qualify the words “real income”, to make sure we are on the same page.
In the context of this article it is indicating that income (adjusted for inflation, over time) has been shrinking, since the Great Recession struck in 2007.
I am certainly not suggesting that this information is wrong (given certain caveats and assumptions). What I am suggesting is that this (self-imposed limitation) need not apply to us.
That is, we have a choice. If we wish to remain in the same job / role / company for many, many years, then this statistic is highly applicable. On the other hand, for those of us who continuously (every single day) make ourselves more valuable (training, education, demonstrated exceptional work performance) this phenomena (shrinking income) is absolutely meaningless.
That is, if we are continuously demonstrating that we are worth more we WILL be paid more. If not at our current place of employment then someplace else. Realize though, it takes time, effort, ambition and commitment. It does NOT occur by waiting or hoping. We must take action!
Bottom-line: If we want to see who limits our income all we have to do is look in the mirror.
If you’d like to learn more about the actions you can take to increase your value simply read other articles available on this blog categorized as Personal Success. You might start with: A Boot Camp Experience?