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In Their 20s, Struggling to Save and Tired of Being Lectured About It

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Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#101

Post by medvezhenok »

Shared404 wrote: post #51
monero-xmr wrote: post #48

Earlier quoted context omitted.

> Also, what is your proposed solution here? To stop having social workers? Reduce expenses to live within your means, or figure out how to earn more money. The plight of... every person on earth

> Reduce expenses to live within your means, or figure out how to earn more money. This means "stop having social workers". You can only reduce expenses so far, and the easiest way to earn more money is to get a new job.

Unions & collective bargaining is another option - depending on the profit margins of the companies involved.

Basically, if social workers collectively refused to work for the current pay, either social work would be eliminated (unlikely), or pay would rise - either through government subsidies, or at the expense of profit margins.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#102

Post by tablespoon »

kelnos wrote: post #77
rcme wrote: post #33

Earlier quoted context omitted.

> The first example is a junior level social worker -- that's fine, but come now: we all know that social work is not a high-paying industry. This is an unfair dismissal. Most industries are not high paying, therefore most workers are not earning enough to save. You're basically saying "they're not saving because they're not earning more!" Also, what is your proposed solution here? To stop having social workers? > so…

> Also, what is your proposed solution here? To stop having social workers? Training for a job that pays below what you need to live comfortably is a choice. You may feel passionate enough about that job that you are willing to accept the consequences of a low salary. If you are not, then you should not train to do that job. I do sympathize, as it's essentially impossible for a 16- or 17-year-old to fully understand…

> But if people stopped making dangerous financial compromises to take jobs they are passionate about, then those jobs will either have to get funded more such that the salaries go up, or yes, they'll cease to exist.

If a "passion" is common enough, it will get systematically exploited by employers.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#103

Post by david38 »

tablespoon wrote: post #102
kelnos wrote: post #77

Earlier quoted context omitted.

> Also, what is your proposed solution here? To stop having social workers? Training for a job that pays below what you need to live comfortably is a choice. You may feel passionate enough about that job that you are willing to accept the consequences of a low salary. If you are not, then you should not train to do that job. I do sympathize, as it's essentially impossible for a 16- or 17-year-old to fully understand…

> But if people stopped making dangerous financial compromises to take jobs they are passionate about, then those jobs will either have to get funded more such that the salaries go up, or yes, they'll cease to exist. If a "passion" is common enough, it will get systematically exploited by employers.

How is it exploitation to pay market wage if it’s well above minimum wage?

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#104

Post by hdctambien »

david38 wrote: post #103
tablespoon wrote: post #102

Earlier quoted context omitted.

> But if people stopped making dangerous financial compromises to take jobs they are passionate about, then those jobs will either have to get funded more such that the salaries go up, or yes, they'll cease to exist. If a "passion" is common enough, it will get systematically exploited by employers.

How is it exploitation to pay market wage if it’s well above minimum wage?

Because minimum wage is well below what it should be if you want to consider it as the line for what is and isn't exploitive.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#105

Post by david38 »

pixl97 wrote: post #82
monero-xmr wrote: post #48

Earlier quoted context omitted.

> Also, what is your proposed solution here? To stop having social workers? Reduce expenses to live within your means, or figure out how to earn more money. The plight of... every person on earth

>Reduce expenses to live within your means Which is cool until the point that rents take up 100% of your income and then you're screwed. Let's imagine a world where almost everyone makes $7 an hour. You would expect pricing in the world to reflect that and housing to fit in that budget. But now in that world you create a small percentage of people that can print as much money as they want. These people that print as…

True, but many people look back and say “back in the day people could do X” and cherry pick.

What they ignore is how long people lived at home for, how many people jumped immediately into marriage. This whole business of everyone having their own place is not sustainable, despite what we see in TV.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#106

Post by hdctambien »

notch656c wrote: post #86
jewayne wrote: post #72

Earlier quoted context omitted.

Yes, that's how it works. Certainly nobody would just complain loudly that "Nobody wants to work anymore!" and demand more suffering for the people at the bottom of society.

It would be an interesting experiment if we fired all the social workers and gave the money of the salary and all the overhead of those programs directly to the poor, and compare the outcomes.

Would you give that money to the abused/neglected kids that social workers protect, or the parents that are abusing/neglecting them?

Who would be in charge of identifying who gets that money and managing the systems that distribute that money and would they get paid more than the social workers that got fired?

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#107

Post by notch656c »

hdctambien wrote: post #106
notch656c wrote: post #86

Earlier quoted context omitted.

It would be an interesting experiment if we fired all the social workers and gave the money of the salary and all the overhead of those programs directly to the poor, and compare the outcomes.

Would you give that money to the abused/neglected kids that social workers protect, or the parents that are abusing/neglecting them? Who would be in charge of identifying who gets that money and managing the systems that distribute that money and would they get paid more than the social workers that got fired?

I would do a negative income tax basically at the lowest earnings (that is they basically get graduated credits). I'd simplify the tax code so we'd only need half the IRS or less and then repurpose some of them to making sure the negative income tax is refunded. Unemancipated children would not be included in the refund.

My prediction is especially neglect but also abuse are often symptoms of poverty and insufficient economic security. I do not believe economically starving the parents is somehow going to help the neglect of overburdened parents, but I can respect some possible hints that may be drawn from your question. My belief is the number of kids saved through such a measure would outdo the number the social workers would have saved. But that is just a theory.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#108

Post by bradlys »

fnfjfk wrote: post #36
paulpauper wrote: post #25

Earlier quoted context omitted.

I work at FAANG and just generally see so much lifestyle inflation from coworkers, even at high incomes. Taking Ubers everywhere instead of the subway or bikes, $20 cocktails, fancy restaurants that aren’t really that much better, those high price fitness classes… I interact with a lot of people at high levels who have been there for a while, and often wonder why they aren’t retired yet. The salaries are so much, esp…

Tbh most of the people at work whose relationships I know about are with someone who also works at FAANG or a FAANG-alike. Lots of 2 SWE couples.

Yep. Although, statistically - this isn’t true. They’re not the majority since women make up only 20% of the Eng workforce. Leaving 3x as many men leftover.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#109

Post by UtopiaPunk »

timr wrote: post #18

The first example is a junior level social worker -- that's fine, but come now: we all know that social work is not a high-paying industry. The second example is a lady with 76k in debt, who has managed to pay down nearly 70% of it . Somehow this doesn't qualify as savings to the author. The third woman actually makes a lot (they won't say how much) and has "achieved financial stability" (thus undermining the thesis…

My radical opinion is that social workers should be able to make rent and be able to save for retirement.
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