4 ms·
> For the average FIRE person working a $100-200K/year job This is not at all "average" in countries outside of the US. Here in India, for example, a $100K job
by akshaybhalotia 5y ago
> For the average FIRE person working a $100-200K/year job
This is not at all "average" in countries outside of the US. Here in India, for example, a $100K job is kinda like winning the lottery.
For reference, going by the exchange rate it equals somewhat close to 7.5M in local currency. Handymen and people in other labour-heavy jobs don't earn this much in their entire life, considering a 30 years of active work life. Only the top 0.01% (yes, we are an extremely populous country) people have that kind of jobs.
Going by the PPP ratio[0] of 21.99, you still need to be earning upwards of 2.2M annual, which is hardly 1% of the population, and majority of them have taken upwards of 8-10 years of work to reach there (which means 1/3rd of work life is gone).
The argument could also be made that buying stuff is cheaper in countries like ours, but that doesn't stand for _good_ quality items. As an example, the laptop you can buy for $1k in the US is far superior to what you can buy for 22k and slightly comparable but still better than what you can buy for 75k. If you are lucky enough with means to import, good luck with ~78% import taxes and duties. You don't make these purchases often, but when you do it breaks you. Things like dishwasher, vacuum cleaners, etc are so much more common in the US and almost considered a basic necessity whereas owing to cheap labour (and traditional lifestyle) we subscribe to househelp, which isn't really "cheap" or scalable and the cost of these items is high too.
All of this, to say that
> they might be better off scaling back to a sustainable 40hr/week job
is neither practical nor helps in a poor country where an "average" person is working more than half their lives just to make ends meet.
[0]: https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm https://data.oecd.org/conversion/purchasing-power-parities-p...
- akshaybhalotia 5y agoMoreover, we don't even have a concept of "hourly" wages or work measurement. - Salaries are decided monthly and unless you are an hourly billed consultant, you cannot negotiate your working hours to be lesser. - Part-time jobs do exist, but only low paying labour intensive jobs which won't leave enough energy for you to be working 2 jobs. - Shifts are again meant only for such jobs as described above. - Employment agreements explicitly prohibit you from "working" to earn in any other way. Getting a passive income is okay, but you cannot work / render services elsewhere to earn. From junior to senior level employees, almost everyone in all sorts of jobs is overworked. Average workday last close to 10 hours, excl commute et al. Pandemic and WFH have worsened this if anything.
- unishark 5y ago"Average" on HN obviously means average SV software engineer, if not average FAANG employee (slightly joking). But seriously it can also get tiresome when people constantly have to call out others for failing to formulate every observation in globally inclusive terms that cover all humans rich and poor.