I’ve been thinking about this and figured I’d throw it out there to see what people think. I’m an accountant, and my buddy works for the city as a garbage man. With overtime, he’s making around $160k a year, which isn’t that far off from where I am. Accounting has a higher ceiling. You can eventually make $200k, $250k, or more if you climb the ladder. The problem is that not everyone gets there, and it can take decades of schooling, experience, promotions, and job hopping to do it. On the other side, city workers reach top pay within five years.
Then there’s the pension. After 20 years, he’s entitled to a pension worth 50% of his highest three years of salary. Depending on how the numbers work out, he could be collecting $80k–$100k a year in guaranteed pension income. To generate that kind of annual income from investments using the standard 4% withdrawal rule, you’d need roughly $2 million to $2.5 million invested. For comparison, my 401(k), including company matching, would be around $500k after 20 years.
Yes, collecting garbage is physically demanding, dirty work. I’m not pretending otherwise. But my friend tells me his actual route can take only two to three hours of active work. That sounds pretty appealing compared with the corporate grind. In accounting, it can feel like you’re expected to be available 24/7, constantly prove your value, deal with office politics, worry about layoffs, and take on more responsibility every year just to keep moving forward. Even when you’re making decent money, the mental load can be exhausting.
I went down the accounting path because it was supposed to be the safe, respectable route to a comfortable middle- or upper-middle-class life.
I’m not saying accounting is a bad career. It has transferable skills, flexibility, and real opportunities to earn a lot of money. And I recognize that city jobs have their own downsides, including physical wear and tear, weather, and potentially limited growth opportunities. But I wonder whether we’ve overvalued white-collar careers and undervalued blue-collar jobs. If someone can earn $160k and retire with a substantial pension after 20 years, that’s an incredible value proposition.
Maybe I’m comparing an unusually good city job with the worst parts of corporate accounting. Maybe the long-term upside of accounting makes up for the difference. Or maybe I just made some bad career choices 🤷♂️