Readers share their salaries and what money means to them


Hi, I’m Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories. 


On the agenda today:

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People share what they’ve earned over the years

Insider Career Series: Salary Journeys



Alyssa Powell/Insider


How much are you paid today, and what did it take to get there?

In January, Insider launched a series titled “Salary Journeys,” each featuring a different person’s compensation history, to answer those questions. The goal is to demystify the job market and create fairer, more informed conversations around pay.

Since then, we’ve published the journeys of a 32-year-old software engineer who is making $183,000 at a Big Tech company — but still knows they’re underpaid; a 24-year-old editor and show host earning $70,000 and working up the courage to ask for more; and a 46-year-old pharma exec raking in over $200,000 a year who had no idea their industry would be this lucrative; and many more. You can find them all here.

These journeys have ups and downs, moments of self-doubt and empowerment. They also show how net worth and self-worth are inextricably linked for many.

Chris Weller, a senior editor on our Future of Work vertical, describes how it all came together.

What’s the goal with this series?

Chris: The goal is really to empower people to negotiate a fair wage, whatever industry they’re in. By having a fuller picture of a person’s salary history across different jobs, versus just the snapshot of a single number, hopefully readers can see their own trajectory in other people’s stories.

What was your main takeaway from working on this project?

Chris: We’ve published almost 10 so far, and it’s pretty clear how much money means to people besides just the monetary value. It’s really hard to separate self-worth from net worth, especially if you’re underpaid or feel underpaid relative to your peers.

It’s also been interesting to note that more money doesn’t necessarily equal more happiness, even at higher salary bands. One of the respondents makes $16.50 an hour and says she’s never been happier. It’s all relative.

Have there been any particularly memorable stories so far?

Chris: I was struck by the sales rep who went from $16 an hour to $7,000 a month as a manager in a six-month period. He told us how hard he worked, how clearly he communicated his goals to his supervisor, and how he used the “Great Resignation” to his advantage by being open to relocating.

He set a goal to achieve that raise and promotion within a year but got both in half the time. That was pretty cool.

Read some of the stories here:

Also check out:

Inside Russia’s frozen economy

A globe with Russia at the top shrouded in darkness



iStock; Rebecca Zisser/Insider


Amid Russia’s invasion of Ukraine, Western sanctions and a collapsing ruble have financially frozen Russian citizens, some of whom are trying to flee.

We spoke with Russian financiers who described inability to access savings, soaring interest rates, a run on local banks, and stockpiling food and essentials in anticipation of shortages.

Read the full story here: 

Also read:

Where the next civil war may start

statue of liberty shooting a revolver against a black background with the outlines of Michigan, Oregan and upstate New York



Getty; Marianne Ayala/Insider


A year after the January 6, 2021, Capitol riot, the potential for another violent political uprising in America is all too real. While it is impossible to say whether war will break out, it is possible to pinpoint where one could begin.

Insider’s Adam Wren spoke with nearly a dozen experts on civil war, domestic terrorism, and secession movements, and a few parts of the country came up repeatedly: Michigan, eastern Oregon, and upstate New York.

Read the full story here:

Open-source developers are burning out

illustration of hands holding up a wobbly stack of tech logos: amazon, google, facebook, and microsoft against a black background with open source code



Marianne Ayala/Insider


The internet and many of the world’s largest companies — including Microsoft, Amazon, and


Netflix

— rely on open-source software, which is built by developers who make little to no money.

A storm of recent security incidents exposed the fragility of the ecosystem, while open-source developers have burned out, stepped away, and even sabotaged their projects in protest.

Read the full story here:

Also read:

More of this week’s top reads:

Curated by Matt Turner. Edited by Jordan Parker Erb and Lisa Ryan. Sign up for more Insider newsletters here.



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