Salaries are almost half of what they were 15 years ago in many major companies. Unless you already had millions of dollars BEFORE entering the industry, salaried fashion employees make less than most industries and mostly live in the most expensive cities.
Some so many people want to be in the industry, but fewer and fewer positions where companies are asking existing employees to do the work of 3-4 people to save money. Senior level positions get eliminated, and the same person gets invited to interview for a junior job (and salary) with the same responsibilities.
Contributor: Mariana from Msfabulous