Damn, I know of some uni grads who graduated in 2000, 2001 still
earning $2.5K up till today. And mind you they are working in
engineering and in the banking industry.
Apparently, they started off at a low $2K - $2.2K but wages were
frozen during the 2002, 2003 and they only got a increment to about
$2.5K plus last year when the economy picked up.
Maybe they might get another increment / promotion to $2.8K - $3K
this year but imagine this - working for 5, 6 years and your salary
is at $2.8K to $3K.
I am sure some fresh grads could possibly be starting off with $3K
now.
Damn, It's all about timing. 
