FR version is available. Content is displayed in original English for accuracy.
Advertisement
Advertisement
⚡ Community Insights
Discussion Sentiment
86% Positive
Analyzed from 1472 words in the discussion.
Trending Topics
#salary#more#years#workers#job#working#off#don#house#age
Discussion (44 Comments)Read Original on HackerNews
"if you cannot afford it, stop complainingb and live elsehwere" they say...sure...but a commuter train into Manhattan can run you $30-50/day. Add in parking at the commuter train station and you're down about $60 or more a day.
Now suppose you eke out some net saving -- you've unqualified yourself from medicaid health insurance now. Your net savings may not even pay for your medical deductible.
There are a lot of reasons to just not bother unless the salary can get beyond all these hurdles.
When people say that, I think they mean "get another job in another city that doesn't require a commute to Manhattan."
COVID and AI are great examples of what's wrong today. We created an incredible global communication network that lets us all collaborate across the world, used it to work through a pandemic, found a better work-life balance and saved hours of commuting and pollution daily. Now everyone is being forced back to the office. Like we all lived through this period right, we remember how much more pleasant it was to be able to work remotely, and its now been snatched away for no good reason? We made technology that can save us 2 hours of commute a day and then throw it away because office buildings go empty?
AI made many of us 2x more productive (conservatively), but where is the increased salary or bonus or reduced working hours for this productivity? All the gains are outcompeted or flow to companies balance sheets. We created this incredible technology and are rewarded with crushing expectations and FASTER FASTER FASTER as usual. Like we've made this miraculous technology that can do so much work for us, but it has made our work harder not easier? Why?
Most potential workers would have to be insane to be invested in a system like this. All the gains flow to the top, everyone else gets crushed. I feel like a hamster in a wheel that keeps spinning faster and faster. All the technology and productivity should be making our lives better, should be making us happier, but everyone is poorer and more depressed now. It's clear that corporate power, inequality, politics is the reason that's happening.
In fairness Pikkety knew it first: r >> g.
Tax wealth not work.
Stop redistribution.
Let workers, savers, innovators, entrepreneurs, families keep their money, use it to buy real assets, and keep money velocity up.
Down with the Central Committee.
https://imgur.com/a/tQyfNdJ
I know I'm speaking from a rather (somewhat) privileged position. I myself don't consider working beyond 50 years of age. I have lived frugally/minimally and am confident that (unless WW3 happens or some sort of unexpected global catastrophe arrives) I can FIRE (retire frugally with my savings) before I hit 50.
I also know it's somewhat of a bubble, but Reddit has a lot of subreddits (like r/HENRYfinance/; r/Fire/; and r/coastFIRE/) dedicated for folks retiring early.
Observing that FIRE trend and the fact that AI psychosis (don't get me wrong, I believe AI is useful, but not to a level that humans will be entirely replaced) at work place will surely drive some folks away (or at least discourage them) from staying in the work force, I am not surprised that this trend is showing up in the data. Plus, a lot of millennials are child free (by choice), so they can afford to retire early as well.
I have no desire to keep working for random "Mikes" and "Bobs" in upper management that only care about their bonuses and benefits. Not in Big Tech, not in a random startups, not anywhere else. "Mike wants this", "Bob wants that"... Sweet Jesus, I couldn't care less about their "direction"!
My days are now full of self-imposed challenges and interesting projects. Am I in the labor force? I guess so, but I'm working for me and humanity now.
Time is the most precious asset we all have, folks.
I just turned 50, but I never feel I can pull the trigger. The only thing really keeping me from doing it is the cost of health insurance. I've got 15 years before I can get on Medicaid, and 15 years of privately purchased health insurance for the family is just not do-able.
People prefer cutting expenses and expectations (nobody in their 30-40s buys a house for example). Businesses cannot find labor or customers. So it is a downward spiral.
Everyone loses.
God forbid if you grew up in a nice place it’s probably overrun with transplant retirees making it unaffordable. If you did the right thing, got the good degree, worked hard, saved up to buy a house and find yourself having to move across the country to find a place with decent living standards? All for the crime of being born too late to get in on the good times.
If I knew this was ahead of me I’d have never bothered - better of a NEET unless you hit it hit with a FANG type salary.
> While dramatic, the June drop brings the participation rate among these prime-age workers back to a level consistent with those of recent years.
nothing to note unless it continues to drop
1. middle upper class
2. college educated at a top 75 college
3. tall, decent looking
are just not working regular corporate 9 to 5s and get by with consulting, small businesses, living off parents, living off nothing, scammy startups
w2 9-5 is straight up not worth it, even in the 150-300k range
The CTO himself owned a home a couple blocks off of the beach in one of the most desirable ZIP codes in my state. I, myself, best I could hope for on that salary is a plywood DR Horton house 20+ miles upriver in a neighborhood that gets robbed weekly by “Kia Boys.”
What was once a very desirable, very secure job became a joke thanks to failing wages and rampant inflation. Best-worst option was a remote job for a mid-salary and move to the sticks, pay off the house fast, and try to coast that remote lifestyle as long as possible.
Somehow my grandfather did this as a painter.
Inflation is a killer.