Current Events > a minimum wage should be a livable wage

(+) Yeah! (+)

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

And it always will be a problem. Every society since the dawn of time has had a small percentage of people who were born poor and stay that way. By and far, it's a personal problem. I've been poor, and absolutely hated it so I did this insane thing called "look for a better job". Crazy, I know.

We've been having this stupid debate for years. There's always going to be a small vocal group of idiots who think just because they work the easiest jobs on the planet 40 hours per week they are entitled to a 3 br home, 2 new cars, 4 weeks vacation in Bermuda etc.
Keep it up. I'm seeing more and more automation and self serve kiosks, there's your "fight for 15" lmao. If your job can be replaced by a robot or app that will do it better and cheaper, it's only a matter of time. And the louder they bitch and cry and protest, the more appealing those machines become.

Again, you don't punish the whole of society to coddle the 10%-15% who are perfectly capable of bettering themselves but would rather skate through life on tutorial mode but earn expert level XP. Bullshit, and thank God we have a president who gets that.

Again, work or starve.

Bad_Mojo posted...

The only real issue with this is that if you can earn a livable wage flipper burgers, what makes people want to go out and get the better, but harder jobs?

Do you want to flip burgers all your life and work shit hours and unstable career?

Villain posted...

due to the "2nd income" which is also laughable

The hell second job do you have that pays worse than mcdonalds, anyway?
If anything the impracticality of juggling two "just in time" jobs itself makes the whole deal largely impossible.

Villain posted...

due to the "2nd income" which is also laughable

Most residences are two+ income residences anyways.

Aside from that, they have things that are not really 'required' such as $100 for savings, $150 for a car payment, $100 for cable/phone, etc.

All of those are not 'needed.'

Living alone is considered a luxury, btw.
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Peter_Giffyndor posted...

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

And it always will be a problem. Every society since the dawn of time has had a small percentage of people who were born poor and stay that way. By and far, it's a personal problem. I've been poor, and absolutely hated it so I did this insane thing called "look for a better job". Crazy, I know.

We've been having this stupid debate for years. There's always going to be a small vocal group of idiots who think just because they work the easiest jobs on the planet 40 hours per week they are entitled to a 3 br home, 2 new cars, 4 weeks vacation in Bermuda etc.
Keep it up. I'm seeing more and more automation and self serve kiosks, there's your "fight for 15" lmao. If your job can be replaced by a robot or app that will do it better and cheaper, it's only a matter of time. And the louder they bitch and cry and protest, the more appealing those machines become.

That doesn't answer the question, there shouldn't be that high of a number and not especially in the 21st century AND especially in AMERICA.

That shit I expect in a 3rd World Country.
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MaverickXeo posted...

Most residences are two+ income residences anyways.

Okay, that makes way more sense.
Duh.

JustMyOpinion posted...

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

How many of those 45 million are dying in the streets? There's a difference between what's defined as poverty and an amount of money you literally can't afford to live with.

The problem is that 'poverty' is often defined as 'relative' poverty and not 'real' poverty. Two different things; and most times people below the poverty line are simply in relative poverty (meaning not able to afford what the median considers 'necessary' (such as new cars, tvs, phones, etc).
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Peter_Giffyndor posted...

Again, you don't punish the whole of society to coddle the 10%-15% who are perfectly capable of bettering themselves but would rather skate through life on tutorial mode but earn expert level XP.

Oh I get it you're a child, that's why you make video game metaphors

Kaliesto posted...

Peter_Giffyndor posted...

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

And it always will be a problem. Every society since the dawn of time has had a small percentage of people who were born poor and stay that way. By and far, it's a personal problem. I've been poor, and absolutely hated it so I did this insane thing called "look for a better job". Crazy, I know.

We've been having this stupid debate for years. There's always going to be a small vocal group of idiots who think just because they work the easiest jobs on the planet 40 hours per week they are entitled to a 3 br home, 2 new cars, 4 weeks vacation in Bermuda etc.
Keep it up. I'm seeing more and more automation and self serve kiosks, there's your "fight for 15" lmao. If your job can be replaced by a robot or app that will do it better and cheaper, it's only a matter of time. And the louder they bitch and cry and protest, the more appealing those machines become.

That doesn't answer the question, there shouldn't be that high of a number and not especially in the 21st century AND especially in AMERICA.

That shit I expect in a 3rd World Country.

If you look at the standard of living in America among those in 'poverty' and those who are 'decent' in third world countries, you can see that there is quite a difference. Those Americans in poverty are well off in comparison. In some places, running water is a luxury.
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Kaliesto posted...

That doesn't answer the question, there shouldn't be that high of a number and not especially in the 21st century AND especially in AMERICA.

A side effect of freedom, is that people are free to ruin their lives.

Kaliesto posted...

Peter_Giffyndor posted...

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

And it always will be a problem. Every society since the dawn of time has had a small percentage of people who were born poor and stay that way. By and far, it's a personal problem. I've been poor, and absolutely hated it so I did this insane thing called "look for a better job". Crazy, I know.

We've been having this stupid debate for years. There's always going to be a small vocal group of idiots who think just because they work the easiest jobs on the planet 40 hours per week they are entitled to a 3 br home, 2 new cars, 4 weeks vacation in Bermuda etc.
Keep it up. I'm seeing more and more automation and self serve kiosks, there's your "fight for 15" lmao. If your job can be replaced by a robot or app that will do it better and cheaper, it's only a matter of time. And the louder they bitch and cry and protest, the more appealing those machines become.

That doesn't answer the question, there shouldn't be that high of a number and not especially in the 21st century AND especially in AMERICA.

That shit I expect in a 3rd World Country.

I actually did answer it, but will be more direct.

What "shit" are you talking about? The United States does not have a trademark on paying people low wages for unskilled menial labor.
And it's all about perspective. As I said earlier, it is possible to live off of minimum wage (and I reiterate, who the fuck is actually making minimum? Fast food doesn't even start out that low). You'll live, but not well. Incentive to try harder and do better. Why should I and other hard working Americans pay more in taxes and pay higher prices to compensate for people who are just plain lazy?

Work or starve.

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

My point is that people always get petty as fuck here. The real issue is non-homogenous culture that has created so many cultural perspectives and living standards. There's no longer one solution for everyone.
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MaverickXeo posted...

Kaliesto posted...

Peter_Giffyndor posted...

Kaliesto posted...

I don't think 45 million Americans is something to laugh off about, that's a problem.

And it always will be a problem. Every society since the dawn of time has had a small percentage of people who were born poor and stay that way. By and far, it's a personal problem. I've been poor, and absolutely hated it so I did this insane thing called "look for a better job". Crazy, I know.

We've been having this stupid debate for years. There's always going to be a small vocal group of idiots who think just because they work the easiest jobs on the planet 40 hours per week they are entitled to a 3 br home, 2 new cars, 4 weeks vacation in Bermuda etc.
Keep it up. I'm seeing more and more automation and self serve kiosks, there's your "fight for 15" lmao. If your job can be replaced by a robot or app that will do it better and cheaper, it's only a matter of time. And the louder they bitch and cry and protest, the more appealing those machines become.

That doesn't answer the question, there shouldn't be that high of a number and not especially in the 21st century AND especially in AMERICA.

That shit I expect in a 3rd World Country.

If you look at the standard of living in America among those in 'poverty' and those who are 'decent' in third world countries, you can see that there is quite a difference. Those Americans in poverty are well off in comparison. In some places, running water is a luxury.

Holy fuck, THANK YOU. This is why the rest of the world hates us. Some of you people need to really look at what poverty means to the rest of the world.

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

Even still, that kind of number is rather insulting.

I'm thinking Utopian thoughts sure, but I feel like that number can be lowered if done right.
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MaverickXeo posted...

things that are not really 'required' such as $100 for savings, $150 for a car payment, $100 for cable/phone, etc

Posts like these make it really easy to tell who is completely out of touch with reality
---

Questionmarktarius posted...

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

Maybe you misunderstood me, but I'm not disagreeing at all. Lol
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Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?
---

As for taxes, Congress could do a better job helping the Country if they were not using it for the most incredibly stupid shit.

Course that's been pointed out for the past few decades now.
---

Questionmarktarius posted...

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

They would (and currently are) be(ing) replaced with robots who can actually get a fucking order right, reduce costs for the business owner, and increase their profit margins. Theoretically it would reduce or even stabilize prices as they're not throwing money away on labor.

Literally everybody wins.

Villain posted...

MaverickXeo posted...

things that are not really 'required' such as $100 for savings, $150 for a car payment, $100 for cable/phone, etc

Posts like these make it really easy to tell who is completely out of touch with reality

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.

Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

Peter_Giffyndor posted...

They would (and currently are) be(ing) replaced with robots who can actually get a fucking order right, reduce costs for the business owner, and increase their profit margins. Theoretically it would reduce or even stabilize prices as they're not throwing money away on labor.

Literally everybody wins.

Keep thinking on it. Remember that aggregate employment is largely unaffected.

Questionmarktarius posted...

Villain posted...

MaverickXeo posted...

things that are not really 'required' such as $100 for savings, $150 for a car payment, $100 for cable/phone, etc

Posts like these make it really easy to tell who is completely out of touch with reality

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.

Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

Good luck taking the bus home when you're a closer at McDonalds and the buses stop at 7 PM.
---

I'll put this discussion a different way. I think that minimum wage jobs should have some sort of training for those working in it. That way you'll always have progression. New hires get that option after being there for a year. After a year they get trained as a supervisor. The then supervisors get trained on as head supervisors, head supervisors get trained in asst. management, and asst. management get trained on as managers.

With that progression system you will always have new people coming on and more people will be able to attain liveable wages through experience.

Sure you will have your share of leavers, but of the say 4 new hires on, at least one of them will become a supervisor, and you will have the option of making liveable wages.

For me it would go the route of a martial arts belt. With some forms of martial arts(I take TKD as an example) you don't just get your yellow, green, blue, red or black belts, you have to work for it.

Something like 1 year(supervisor), 2 years(as supervisor to be head supervisor), 4 years(as head supervisor to be asst. manager), 8 years(as asst. manager to be manager). And branching off of that, by that time the management assuming they started when they were 18 years old, will be around 33 and can branch off to franchise owner, running their own company, or having working knowledge to fill holes in other companies.

Now obviously the example above would be for something like a Mcdonalds, or Wal-Mart. But with those of us taking courses at the same time, those companies can work with colleges or universities to give credit, thus lowering the workload in our education.

Not only that, but it would give many of us the option to both grow up mentally, and learn numerous skills that would benefit us in the long run, like budgeting, taxes, management skills and more importantly vocal and organisational skills which many of us lack, myself included.

You would never have to worry about money if you got the proper training to better yourself. With a regular worker making 11-12 dollars an hour and each position higher making either more money or given more hours, you would naturally start making at least liveable wages.

By no means is this an excuse to not get an education or stay in the lower fields, but you could easily end most forms of poverty in our particular countries if this system was in place, and at the same time give some sort of semblance to a progressing country instead of one where nearly a quarter are homeless or barely able to afford minimum wage.

There was a thing long ago where when you became 18 years old you had to enlist in the military. I'd do the same, but just with minimum wage jobs. Force your 18 year olds to gain the social skills and give them ever increasing hours, to the point where after a year they are working the 40-50 hour work weeks, with scheduled regular breaks, not all over the place schedules. If you are scheduled to work that is your schedule not just for the week, but every week barring holidays, maintenance and breaks.

If your son/daughter has graduated high school they don't immediately go into college. They need to work at least a year before attending an education facility. Round out the edges so to speak.

If you are scheduled to work Monday through Friday from 10-5, that's your schedule and it won't change until you "rank up" so to speak, to supervisor, or whatever that position will be. Gives people the option to get back on a regular sleep schedule as well. If your working mornings thats your deal. If your working nights, same deal. There are options to switch shifts, but order and structure will help in the long run.

I seem to have started blabbering on and blabbering on. But I think you get my points. Maybe its the ADD meds I have been taking, but my points are far more focused than before.

Provide a system where people can better themselves.

JustMyOpinion posted...

spanky1 posted...

Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?

Who's to say back in the day is the right benchmark?

I can't wrap my head around this question.

People living better lives in general should be the goal of humanity.
---

JustMyOpinion posted...

spanky1 posted...

Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?

Who's to say back in the day is the right benchmark?

Why isn't it? Why is worse right?

Ivany2008 posted...

Provide a system where people can better themselves.

In theory, that's how it's supposed to work, and the meaning behind "highschool job".
What actually happens, is that some people just can't or won't pass the test to get the next "belt".

Unknown5uspect posted...

JustMyOpinion posted...

spanky1 posted...

Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?

Who's to say back in the day is the right benchmark?

Why isn't it?

Cuz we're desegregated and shit is automated.

Also, businesses are huge now.
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Peter_Giffyndor posted...

Questionmarktarius posted...

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

They would (and currently are) be(ing) replaced with robots who can actually get a fucking order right, reduce costs for the business owner, and increase their profit margins. Theoretically it would reduce or even stabilize prices as they're not throwing money away on labor.

Literally everybody wins.

They're being replaced regardless of their wages. Doctors, lawyers, and engineers are being replaced as well.

In a decade or two every retail, service, driving, and bullshit white collar job (e.g. secretaries, receptionists, middle managers, etc.) are going to be displaced by automation. The 45 million Americans you laughed at will grow to >100 million, there will not be enough jobs to go around to work, therefore by your logic they must "starve."

Our society can provide enough for everyone to eat and live but does not require everyone to work. Productivity per worker has increased dramatically yet inflation adjusted wages have not, they are stagnant. There is no mechanism in the free market that guarantees every human can live comfortably, there must be losers, if that is the case the system needs to be thrown out and replaced with a better one (or we will live in a society that breeds millions of criminals every year).

clearaflagrantj posted...

Peter_Giffyndor posted...

Questionmarktarius posted...

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

They would (and currently are) be(ing) replaced with robots who can actually get a fucking order right, reduce costs for the business owner, and increase their profit margins. Theoretically it would reduce or even stabilize prices as they're not throwing money away on labor.

Literally everybody wins.

They're being replaced regardless of their wages. Doctors, lawyers, and engineers are being replaced as well.

In a decade or two every retail, service, driving, and bullshit white collar job (e.g. secretaries, receptionists, middle managers, etc.) are going to be displaced by automation. The 45 million Americans you laughed at will grow to >100 million, there will not be enough jobs to go around to work, therefore by your logic they must "starve."

Our society can provide enough for everyone to eat and live but does not require everyone to work. Productivity per worker has increased dramatically yet inflation adjusted wages have not, they are stagnant. There is no mechanism in the free market that guarantees every human can live comfortably, there must be losers, if that is the case the system needs to be thrown out and replaced with a better one (or we will live in a society that breeds millions of criminals every year).

People will just need to pull up their bootstraps then.

MAGA!!!!!!!!!

WiNnInG
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dolomedes posted...

a bus pass is 105 bucks a month in chicago

wtf is wrong with chicago?

dolomedes posted...

Questionmarktarius posted...

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.
Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month.

lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice.

It's really easy to tell who is out of touch, a neet, etc with posts like those
---

What a brave stance!
---

JustMyOpinion posted...

spanky1 posted...

JustMyOpinion posted...

spanky1 posted...

Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?

Who's to say back in the day is the right benchmark?

I can't wrap my head around this question.

People living better lives in general should be the goal of humanity.

Well back in the day they didn't have smartphones or the Internet or Cable and medicine wasn't as good and things kinda sucked if you were a minority or a homosexual or a woman. So I ask again, why is back in the day the right benchmark?

I'm not talking about other aspects of life though. I'm talking about the economy.
---

spanky1 posted...

JustMyOpinion posted...

spanky1 posted...

Back in the day, minimum wage jobs used to result in a comparatively much more comfortable life than what they provide now.

Why are people okay with things regressing? Why are we fine with things getting worse? Why do we defend it and say it's okay?

Who's to say back in the day is the right benchmark?

I can't wrap my head around this question.

People living better lives in general should be the goal of humanity.

It should be, that is why I actually believe in Robotics so one day these demeaning jobs will be a thing of the past. Eventually at some point and we won't be around to see it, but at some point society should get advanced enough to where everything should be about The Space Age, that is where I want to see Humanity reach so they don't live like us.

We can't even reach our full potential if we don't do something about this Consumerist Society that is holding us back.
---

dolomedes posted...

Questionmarktarius posted...

dolomedes posted...

a bus pass is 105 bucks a month in chicago

wtf is wrong with chicago?

105 bucks for unlimited bus trips and subway rides. it's a great deal if you rely on public transportation.

That suddenly seems a lot less horrid then.

clearaflagrantj posted...

Peter_Giffyndor posted...

Questionmarktarius posted...

SpinKirby posted...

Unknown5uspect posted...

@SpinKirby posted...

The inability of people in this topic to discuss past a black/white scenario has prevented any fruitful development from taking place, but that's like every topic.

Apparently, there is no middle ground between paying people what they don't deserve and paying people a slave wage.

10/10 folks, keep the good work up!

So what's your idea of a middle ground?

Clearly it's just $12.75 minimum wage.

Not that anything is solved.
In fact, $20 minimum wage wouldnt solve any issues.

What do you think would really happen if burger-flippers were mandated a $12.50, $15 or even $20 minimum wage?
Stew on it a bit, but here's a hint: increases in minimum wage do not affect aggregate employment numbers in a statistically-relevant way, nor particularly affect the end cost to the consumer very much.

They would (and currently are) be(ing) replaced with robots who can actually get a fucking order right, reduce costs for the business owner, and increase their profit margins. Theoretically it would reduce or even stabilize prices as they're not throwing money away on labor.

Literally everybody wins.

They're being replaced regardless of their wages. Doctors, lawyers, and engineers are being replaced as well.

In a decade or two every retail, service, driving, and bullshit white collar job (e.g. secretaries, receptionists, middle managers, etc.) are going to be displaced by automation. The 45 million Americans you laughed at will grow to >100 million, there will not be enough jobs to go around to work, therefore by your logic they must "starve."

Our society can provide enough for everyone to eat and live but does not require everyone to work. Productivity per worker has increased dramatically yet inflation adjusted wages have not, they are stagnant. There is no mechanism in the free market that guarantees every human can live comfortably, there must be losers, if that is the case the system needs to be thrown out and replaced with a better one (or we will live in a society that breeds millions of criminals every year).

All of this, right here.

Basically, we're living in times that are set up to create a cyberpunk dystopia. I plan on having a pink mohawk.
---

Villain posted...

dolomedes posted...

Questionmarktarius posted...

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.
Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month.

lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice.

It's really easy to tell who is out of touch, a neet, etc with posts like those

People have no idea how much money is required to retire. If you save $4000 every year from ages 18 to 65 you will end up with $1M, that can provide $25K annually in dividends.

Who the fuck saves $4,000 a year? I do, but I only know ONE other person that does, or even can.

This generation will work forever.

dolomedes posted...

Questionmarktarius posted...

That suddenly seems a lot less horrid then.

i'm not sure what you expected when you said 'get a bus pass' tbh.

lots of my co-workers can't dish out the 105 bucks all at once, so they're stuck paying for each ride - a single bus ride is $2.25-2.75.

40 rides is almost enough for the 22 work days in a month. Paying ~2.50 each ride is not much worse than the monthly payment.

clearaflagrantj posted...

Villain posted...

dolomedes posted...

Questionmarktarius posted...

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.
Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month.

lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice.

It's really easy to tell who is out of touch, a neet, etc with posts like those

People have no idea how much money is required to retire. If you save $4000 every year from ages 18 to 65 you will end up with $1M, that can provide $25K annually in dividends.

Who the fuck saves $4,000 a year? I do, but I only know ONE other person that does, or even can.

This generation will work forever.

I save $576 a month, or $6,912 a year. :)

It helps to have some employer matching. That benefit and others like it will eventually go away though, as the years go by.

On minimum wage, though, yeah, I can't fathom how you could form any kind of reasonable 401K at all.
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Villain posted...

Questionmarktarius posted...

Villain posted...

MaverickXeo posted...

things that are not really 'required' such as $100 for savings, $150 for a car payment, $100 for cable/phone, etc

Posts like these make it really easy to tell who is completely out of touch with reality

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.

Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

Good luck taking the bus home when you're a closer at McDonalds and the buses stop at 7 PM.

Biking, walking, carpooling, etc. are all options.

You do not NEED a car, nor do you need a high end phone with a good plan.
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JustMyOpinion posted...

clearaflagrantj posted...

Villain posted...

dolomedes posted...

Questionmarktarius posted...

A bus pass and a shitty 'burner' phone saves a hell of a lot of money.
Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.

a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month.

lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice.

It's really easy to tell who is out of touch, a neet, etc with posts like those

People have no idea how much money is required to retire. If you save $4000 every year from ages 18 to 65 you will end up with $1M, that can provide $25K annually in dividends.

Who the fuck saves $4,000 a year? I do, but I only know ONE other person that does, or even can.

This generation will work forever.

Is that adjusted for inflation?

Yes, assuming 6% ROI (typically 5% is used for taxed growth and 7% for untaxed growth).

It blows my mind how the more money you have the easier it is to get filthy rich, yet if you're destitute you are stuck in the fucking ground. It's like wealth is a hill with an apex at any given median salary, that gets progressively steeper the further you move from it in both directions. You have a million dollars? Doubling that is incredibly easy. You have $100 to your name? You're taking out debts to survive and you will fall into that miserable pit of abject poverty.