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I’d like to validate your hunch as an individual barely over 40. US born and raised and started hourly jobs at 16 (grocery store, retail, movie theater) and pos
by 6stringmerc 4y ago
I’d like to validate your hunch as an individual barely over 40. US born and raised and started hourly jobs at 16 (grocery store, retail, movie theater) and post university landed in corporate America.
First-hand I’ve watched the changes and stagnant wages. The lack of loyalty or even fiscal responsibility (Enron as big one but smaller happen a lot going bust) or stability via buyouts or whatever - it’s become a mercenary market in 2022 and without cover anymore.
There was enough bad behavior by Boomers to perk my ears up. Then I realized they have to work until death because they didn’t save and somehow expect social security they gutted for wars will be there. Sorry, I’m not paying for luxury sunset years - especially with this healthcare “system” and costs involved. This is the unfortunate future to confront. I’m ticked and ready.
Once a person frees their healthcare from a job, it’s a lot easier to move with stability on a big expense / risk. The younger generations want work life balance, meaningful work, and know employee wages have been suppressed for DECADES and are moving the needle and I’m with them.
Now good FTE remote jobs don’t even ask for references or waste my time with peeing in a cup anymore - which was standard practice 5-7 years ago. Times change and I can tell which way the wind is blowing. There’s a bit of unspoken reckoning going on that is trying to re-build a middle class at the current mark to market stats (eg average working couple income not over $100k but more than $200k or more).
Or, in short, this is Adam Smith’s invisible hand taking supply and demand and slapping career managers and executives in the US so hard teeth break.
- kirbys-memeteam 4y ago
- esarbe 4y ago> The younger generations want work life balance, meaningful work, and know employee wages have been suppressed for DECADES and are moving the needle and I’m with them. I just quoted that for emphasis. This is a huge problem. All those profits are going to upper management with wages barely keeping up with inflation is not a healthy habit for an economy!
- 6stringmerc 4y agoI discussed this with a very bright CFA Level 3 asset manager with $3B active and another $6B he advises on: Rich people disproportionately hoard money and lock it up or invest it to make more - poor people spend what they make which is why they stay poor - but they need enough income to keep the consumer machine running. When the rich don’t give the poor enough to spend, the system does not work and societal unrest is sure to follow. Story as old as the guillotine.