This is sooo soooo sooooooo true..
I recently shared a story about having to deal with an auto repossession after a decision to switch jobs so that I could increase my income. The switch didn’t work out quote like I planned (I went from steady income to sales) and as a result I just got terribly behind..
People often talk about “grinding” and having to work a job and have a side hustle, but as you’re getting at, having to work more than one job just to make ends meet is more a sign of a broken system than it is an indictment on those who work hard as hell everyday but still can’t make financial magic happen.
Hedge fund billionaire Ray Dalio even said recently said “capitalism basically is not working for the majority of people”. I mean this may sound ironic from a guy that’s already made it, but we need more rich people like him, and Warren Buffet (who has spoken on this before) to not only acknowledge the system is broken but also make more of an effort to fix the problem.
Increases in minimum wages, and higher employee incomes is a definite way to start. People want to talk about families “living beyond their means”, but can we talk about how many CEOs and company presidents are being paid beyond their need? I’m not demonizing being rich, but why should any one person make hundreds of millions of dollars a year and their employees can’t even afford the gas it takes to get to work? I mean Amazon owner Jeff Bezos could probably split up his salary and share holdings and put the money into employee earnings and still be the richest man in the world and his employees wouldn’t have to work around the clock without breaks and have to urinate in bottles in factory corners because their income is strictly tied to their output.
Capitalism hasn’t worked for a lot of us for a long time, and those in power are the ones whose feet need to be held to the fire.