‘Real disconnect’ between cost of living and workers’ paychecks | Meet the Press Reports
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- เผยแพร่เมื่อ 15 ก.ค. 2023
- Since 1980, most American workers have seen modest income growth, but income for the top 1% has grown much faster. Lindsey Reiser traveled to Ohio and Florida for Meet the Press Reports to hear from different families, sharing similar struggles, about what constitutes a living wage.
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#Income #Economy #MTPR
This is why a lot of millennials and members of the new generation are choosing to no longer have kids. The cost of living is at a point where kids are far too unaffordable
who needs kids anyway?
Yeah that's why ......😂 More like this country going woke killing the american dream kids haver zero future to prosper
our planet doesn’t need more people we need higher quality of life for the people already here we can’t even get humanity on track why bring more
@@twilit Yeah, bit of a catch 22 actually though. Yeah, it seems terrible to bring kids into this world knowing what climate change and the like have in store, but at the same time we have terrifying evidence of what happens to a country and an economy when the birth rates can no longer support a growing elder population. Hopefully technology comes through for a solve here, as yeah, things look pretty bleak on this front.
@@captaingoodguySentientA.I.Right. The planet already has too many humans and we are destroying it. ✌️
Decades of companies not sharing the success of their growth with their employees is what got us here.
Yep-but it’s even deeper than that.
Then start your own company and share your wealth. Put your money where your mouth is.
You can literally buy shares and there are stock options available at most fortune 500 companies. At UPS I got 20 shares for a huge discount because I invested in my 401k through their retirement planner.
That's 100 right there. Corporate greed
And not changing laws making salaries minimums increase based on profits. Less millionaires for Executives.
I grew up poor and made a decision not to have kids because I didn't want that struggle nor subject my kids to that struggle. Sad but true
So true. Its best to not have kids when you are not sure you will be able to provide them an amazing life. I made that choice too. Its a tough choice to make but a wise one. This life is so hard I would rather not have kids than have them and subject them to a tough life.
Yea I don't feel sorry for one that has 4 kids and is a single mom should have kept your legs closed. You make tour bed you gotta lie in it
Same, no kids unless I can afford it. My pets are my kids
I chose not to have kids because I don't know I think I foreseen that things would be really really hard if I had kids so I never had them and I'm blessed that I don't I can afford things that most people can't
that is the goal of the government , stop people from reproducing by making an everything too expensive
Companies have done a great job in not sharing the profit of their production with the worker, but instead management and the shareholders.
we need a general strike and quite frankly a revolution
You can thank the Dodge brothers for that.
why should anyone share with you? you need to become so valuable that you can take your talents to another company if you are not paid.
Hello yes I’d like a 6-inch chicken teriyaki with extra tomatoes and uh no Mayo please
@@BossItUp911but it always used to be much fairer? Explain that, everyone was paid sensibly AND companies made money, what changed?? What changed was the rich demand more and more return for less and less effort
On a single income in the 1980s my parents could buy a house, raise kids, pay all their bills, and have money for vacation. It's just not possible anymore
On a single income in 2023 you are borderline homeless behind on bills and vacations aren’t even a thought.
On ONE income 40 hours a week non the less while your mother could stay home and take care of you.
And it's getting worse...
People can and are still raising children on one income
@@debbieframpton3857exactly, they just stop spending on unnecessary expenses.
I love how the moral of the story is “find light at the end of the tunnel” instead of hold companies accountable 😡
Lol thanks for saving me the time. How ridiculous.
How about people held themselves accountable for their life! Companies are not babysitters! Some people work hard but lot of people who complaining are the ones who have half jobs or have more kids then they willing to provide for.
You should hold that senile you voted for accountable too, but I doubt you'll do that
@@zsanettkovacs9303your world can turn upside down in a second. Nothing is preventing you from having an accident or a sudden illness this very moment that can put you in the same position of the people you’re looking down on. Tread lightly, because life has a funny way of humbling people.
@@zsanettkovacs9303why don’t you tell that to the rich people that spend BILLIONS lobbying to make it harder for working class people to move up in the world !! the government is not their babysitter 🙄 why aren’t you holding them accountable ?? because you think everyone who’s rich is there because of hard work and they deserve to overcharge us to feed ourselves, clothe ourselves, and HOUSE ourselves ?? maybe if you weren’t so busy licking boots you could be helpful to your community instead of a menace. do some mutual aid and come back to me.
This has been going on my whole adult life. It’s grim and unkind. No amount of education or experience improved my situation over a thirty year span. I earn less now then I did in my 20s and now I am experiencing ageism as well. I can see clearly my life and my contribution is not valued in our society.
Hearing your story is like looking in a mirror. Same, exact pattern. I have 2 degrees, raised a family, worked around husband's and son's work and school schedules when I could get something, and now that I'm older, I'm still feel like I'm a day late and a dollar short at every turn. All I can do is keep going and not give up. Giving up is not an option. Keep your head up too. I know it's hard.
But education does improve your situation. A real skill can help you. Not just getting a random business degree. But a real skill will help you. Not all these people are good for this piece. Note who they choose. Someone with 3 small jobs.
@@kmk967 I am highly educated and also went to law school. I only applied for jobs that used my skills and education, and I assure you they were used daily but did not help my situation. Frankly, they were an impediment in an insecure world full of people helping their friends and inferiors. Oh, and I often worked three jobs too.
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
I hear that. Experiencing the same. Worked my butt off for companies that only laid me off after like 10 years of service. Starting all over in my 50's was rough. Only to get laid off again when Covid hit.
Everything going up but the pay and yet they sending money to other countries
Pay is going up
Jacked Up Joe Biden !
We need to stop that. We need to solve our economy first. We need to stay successful. Helping others is noble and should be a priority but we need to address our own issues too. And we have issues.
Keeo voting Democrat and it will stay the same !
They've been fighting for $15/hr so long that $15/hr isn't even enough anymore. 😢
Lol
And, it's never going to be, because they shift the cost of paying their employees onto consumer goods. So to get that $15/hour pay rate, they raise prices on goods and you're right back to where you started. You guys need to stop asking society to pick up your tabs, start budgeting PROPERLY and get some spine in you
Yeah everyone! Listen to this guy! Just stop being poor! It's that simple!@@elgatomoscato230
@@elgatomoscato230 so where do i budget to be able to save for a house when rent goes up 10% every year and every month i go grocery shopping, its always $10-$20 more than the last time i went?
The best way to earn more is to gain skills or educate yourself to earn more. Fighting for more while doing the same work is only going to make things more expensive
There was a time you could comfortably support a family of three and be a homeowner with just a job at the USPS.
I worked part-time in the early 90s and could afford my rent and everything else. It's insane what's going on.
Currently with usps, yes this is definitely true we all have second jobs
Totally foreign to me, in my 30s.
My 'd*d' was able to take care of us working at Walmart from 2001-2004 and people still think it's normal working four jobs to make ends meet.
This was my grandad. Supported my mom and grandma with a USPS job for 20+ years and owned a ranch style house in a suburb in NJ. Also enough to send my mom to private school.
Nowadays, a that same job can support a single person with rent but definitely not a family with a mortgage and homeowners’ costs. It’s sad, really sad.
I lost my job in 2009. It has taken 10 years too make back only 85% of the salary, I once made. Europeans work less than us, make more than us, have state insurance, and give their people vacations. We as Americans are not really enjoying life the way we should, because we are not being paid appropriately.
Europeans don't make more than the US. And pay higher taxes
Im a European (Spain) and I work from 8am to 5pm 6 days a week and make 1000e a month 😂 trust me “Europe” is a very broad statement, and even in other wealthier countries they don’t earn US salaries
I live in Netherlands, and 70% of our work force is protected with union agreements regarding work conditions, work hours, wages, holidays, sick-leave and pensions.
I get an annual fixed raise, wages are corrected to inflation every 2 years, I have 6 weeks of paid-leave, I cannot be fired when I am sick and sick-leave pay is for 2 years. Every Christmas I get a "13th month" - its around 2/3rd of a month salary bonus. And every May I get 2/3rd of a month salary holiday pay.
I cannot be fired on a permanent contract without a court involved, and I can only be fired at will in the first 1-2 months of starting a new job. In any other situation of a fixed term contract, my employment is protected until the end of the contract. However, I as an employee can break this agreement with a 1 month notice.
Healthcare is not tied to employment. We do have liberalized health insurances, but they are affordable at around 120 euro per month. If you make less than 40k a year, you receive a scaled tax subsidy to cover most of your insurance.
You won't become "super wealthy" in the Netherlands, but you'll have a good standard of living.
I think the issue is that worker unions are very weak in the United States. Union membership peaked in the 1950's with 1/3rd of private sector workers having a union, while today it is only 6% in the United States.
Compare that to the 70% in Netherlands, and you understand why workers have not had a voice at the bargaining table in the United States.
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
That was a great explanation! I've been to 21 European countries, but you failed to mention that
the average European could live their whole life w/o ever owning a house! They also only own one
car or possibly none! Americans have always wanted more, but inflation has prevented this
generation from getting what the previous ones took for granted! @@0Demiyah0
Sad how $15/hr will still keep people under the poverty line in most places, especially with kids. Big yikes.
When my coworkers and friends ask me why I’m almost 30 with no kids. Most people are one car accident or medical emergency away from struggling and don’t even know it.
And some percentages of the population are single moms with multiple babies by who knows, that use the children as a cottage industry for Welfare and Section 8.
That's a personal problem , but I notice 98%+ of humans "The standard American" are taught to blame others and never take responsibility or accountability for their own actions. So they willfully put themselves in a position of one car accident or medical emergency away from financial ruin. Then you can't organize to demand change like free healthcare the way many real 1st world countries have always had.
Me
You are smart. It is Crazy to just b spraying kids out.
You’re absolutely right literally one car accident on the way to one medical emergency away from losing it all exactly
As a 32 year old male. I make $3500-$4000 a month and I’m single with no kids and I can barely make it. I don’t know how people with 3 kids alone are making it.
A lot of handouts
I have one son and make around the same, it’s hard 😮
same dude same
With the high cost of living, having children is no longer exciting
In any hcol area with debt that's rough.
I'm glad they mentioned the part of when you work more or get a little raise that you may lose government benefits that are helping your family. When the little extra you made doesnt cover what you lost. It's like a lose/lose.
You should lose government help as your income increases.
@pamsmith1665 thanks pam smith lol😂 weird-a**
In Europe they look at your expenses. But we r also sliding towards the American style mess here @@pamsmith1665
You will never improve your life by being in government support. It’s there to get you temporary help.
Finding the light at the end of the tunnel when your basic needs are not being met will eventually cost you your health and life. It is a human right to be able to afford housing, food, health insurance, and a savings.
No more being strong when you are being mistreated by your government.
What’s insane is that youre taught to go to college, make a good salary, get married and have a dual income and now that you have checked all those boxes, you’ve never struggled so much before it’s insane and it needs to be brought up more
That is what happens when you elect a president who is a crook though. We did not have this with Trump as bad.
@HelenSinger This is decades in the making. Get off his j0(k already.
@@HelenSingerwrong. We are feeling the effects of what trump left behind.
Who’s supposed to raise the kids and run the household when husband and wife are both working all day?
@@genxx2724he best decision is not to have kids in the time we are living in!
Average American housing cost has Quadrupled, but salaries have not even doubled.
It's called inflation.
Wealth and income has increased a lot…for the 1 percent.
Why would a salary double to do the bare minimum to show up they pay the task not the person's struggles this isn't rocket science want more $ better yourself n get a better job not the employer to pay you a liveable wage
Bidenomics, but the news will tell you we are doing great.
@@B86432STFU
I never had kids because I knew I could never afford them unless I was living on some type of welfare. I worked full time for 40 years in the state of Texas which still has a minimum wage of $ 7.50 an hour. Please tell me where someone making that kind of money can rent an apartment without some kind of assistance?! Ridiculous. So after federal taxes and social security are taken out of your minimum wage pay check you maybe have $1000 a month. A one bedroom apt now rents at over $1200 a month. Not only can you not afford rent, you can’t pay for food, utilities, medical insurance, apt insurance, emergencies, clothes, toiletries, forget ever owning a car or even going out to eat, skip Christmas, birthdays, haircuts or any of life’s necessities!!!!!! All the while you the “ modern day serf” are making the CEOs wealthier and wealthier. Then the bean counters up in Washington are telling you there will be no social security when you can no longer work so you had better get your act together and put your non existent money into a 401k so that you have a million dollars to finance your “ wink wink” non existent retirement. At least 51 years ago my husband and I could afford to live on minimum wage with both of us working now it is impossible. No wonder so many young people are living at home until they are in their 30s. This country is nothing more than a Banana Republic now. Fortunately my husband and I never went to college hence no student loans. No loans no kids and only ever owned one car. We purchased a small home after renting apts for over 22 years. Paid off small home early and then sold it when the market was at the top in Texas. Took the money and ran and bought a cheaper home in another state. Now both retired with no debt. I feel very badly for the younger people nowadays. Although I have lived through sky rocketing inflation and several recessions as have most of my generation. The difference is pay checks have not kept up with the real cost of living.
$7.50 still? For adults? That pay is criminal 😮
Yes that is the minimum wage.
you're not supposed to be earning minimum wage
@@ytguy726 I did back in the 1970s
Heads of these companies can afford to make less and pay their employees more. As a CEO i would feel horrible knowing I'm going home to a million dollar mansion and my employees are homeless, living out of cars, or can't put food on the table.
This legitimately made me cry. 35 years old and I have very little to show for it.
@@JohnSmith-hv6lb She didn't blame the system. She said that you just have to keep going. This indicates that she has accepted things for what they are and chosen to look at the upside of things. The American consumer is being drained. Can you Live without credit buying your house with cash, paying for repairs with cash? If you can't do things like that you don't have it like you think you do.
@@JohnSmith-hv6lbbot
@@JohnSmith-hv6lbAnd here it is folks, the dumbest comment we will ever read
Same, same. I literally have nothing.
I had a panic attack when covid and lockdown happened because one I'm immunocompromised and my pay was already too small to live comfortably and my roommate just ditched me to to live back home. And my landlord wanted to increase the rent. Luckily for me I had just enough savings to hold me out during lockdown, but also used the entire time teaching myself some budgeting skills and financial literacy. Calculated what I needed to live without struggle, 300+ applications later landed one just as lockdown was lifting....then one year later this massive inflation hit onto of the price gouging and its like nothing happened to my paycheck. I banked my first year hard, saving like 70% of my paycheck because i didn't know what to do with it. But now im right back where I started scrambling, only diff is i have a larger savings that is just eagerly growing in a retirement fund. Which...lets be honest I'm probably never going to retire.
My brothers roommate decided to commit suicide last night. Unchecked mental illness was a big factor, but inability to pay his rent and expenses escalated his crisis for the worse. I don’t know what the fix is and l’m concerned about millions like him in a similar situation.
So sorry. That's devastating
That’s very saddening
This is why you never rent. I bought my condo for $300k in Massachussets. This is why we don’t vote Republican here.
... and the missing piece in the suicide? : the roommate probably could not afford mental health services either as these services are not completely covered by most health insurance. The "co-pays" are too high for people who need treatment but can't afford it. Many of America's worst problems right now are two-fold: an inability to afford mental health treatment and a continuing trend for people to live their lives largely in the illusive matrix of social media, which has been linked to mental health issues, particularly among the young. The suicide stats are sobering; read them and weep.....
Man… sincerely, My hearts and prayers with you.
WE SHOULDNT BE WORKING THIS HARD JUST TO KEEP A ROOF OVER OUR HEADS!! FOUR DAY WORK WEEKS SHOULD BE A LAW!!
Also nationalize rent control
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
States could make it so you get time and a half over 32 hours. That would give us a 4-day work week in a hurry!
Living wage is a must. Corporate greed is running rampant, which is the real issue. I feel bad that some small businesses will close, but they can blame giant corporations like Wal-Mart and target for that. Big corporations make it impossible for small businesses to keep up. But paying people enough to afford to live is not the issue. No one working 2-3 jobs should need help from the government, but sadly, that's the america we live in. The government needs to tackle the wealth distribution problem in this country. Soon there will be nothing left for any of us. That why we hardly have a middle class anymore as it is. Increase wages are not the problem, and to blame, increase in wages to increase in price and job loss is bull. We all know the top one percent could take a pay cut. Without us workers, they would gain nothing anyway. But the government won't touch it because they are bought and paid for by the lobbyists in DC they all do it across all parties. The new slogan for our government should be united We stand for the top 1%, not the people.
It's sick that people have to work so tirelessly for such a meager wage.
They should look for better paying jobs
@@raudelulloa2597every job is important and has a place in society. it’s not about finding better pay, it’s about every person deserving a liveable wage no matter what the job is
@raudelulloa2597 and you should go kn a Titan trip and fi everyone else a favor
@@AllyDominque137 Not every job is important for society and "liveable wage" is a different number for every person. It is about finding better pay when the company cant or wont pay you more. If you are easy replaced then it shows on your wage amount.
You deserve? What kind of entitlement is that? You don't deserve nothing. You get what you put into it. She does not deserve anything. Go to China or Russia so you get what you deserve from a communist country. She needs to learn something that actually require skill or knowledge that someone would pay her for. Doing cleaning is not a skill. That is something everyone in the world can do.
Literally 75% of my income goes to rent. And I have a degree. I was sold the lie that getting a degree would ensure a bright future. I was sold the lie that showing company loyalty would pay off. None of that was true. The working class is starting to see the lies we have been sold our whole life.
@@mneisbaarYOU ARE THE PROBLEM.
It completely depends on which degree you get and whether you have work experience alongside the education. Some degrees are worth it and others have little to no ROI at all.
What Degree did you get? Liberal arts degrees are not worth going to college for. I know this the hard way.
@BabyBooie9950 mine is in graphic design. Designers used to make decent money, some still do. But the majority of companies now devalue designers, despite most of our media still using graphic design heavily. Every store display, every product label, every commercial, every movie poster, every album cover, every restaurant logo, etc. All were created by a designer. But society sees us as just "dumb artists who think they should get paid to doodle". There is a lot more that goes into design than doodling. A lot of business and marketing knowledge has to be applied before even starting to make an image.
@@WolfxxBite I love the work graphic designers do. the issue is it is not a field where the job market is plentiful unlike Sales, Engineering, Finance, Medicine, Etc. My point is some of these degrees like the one I go should be treated as a side hustle until they can become profitable to pursue them full time. It took me 6 years to start earning a 6 figure salary after college but my job now allows me to do the things i like outside of work. I very much wanted to be an artist full time but i had to accept the fact it wasn't feasible to make a living off of. The arts unfortunately are one of those fields where you CAN make great money but it is few and far between compared to other fields.
Why does the USA have such low wages? Totally wild to me as the minimum wage in Australia is $23.23 per an hour with most people earning way more then that. Sounds depressing to live in the USA.
Tough question to answer because wages in the US arent low
Its not depressing. I mean maybe a little bit - but nothing to do with wages
@@jsebby2284you’re trippin. Most people in USA make less than 20 bucks an hour.
@@porterdavis1612 you're not just tripping you're just factually incorrect
@@jsebby2284 ??? What on earth are you talking about? I make more abroad in a job notorious in the country for paying poverty wages than I did for doing a harder version of the same job in America, plus cost of living here is way lower. The $23+/hr they're talking about translates to over $15 in America. It's more than twice American minimum wage.
@@solitarelee6200 I'm talking about the fact that wages in the US aren't low. Because they arent
Imagine making 45k a year, the government taking 7k at least of that, daycare costs at 12k a year, mortgage/rent 14k, groceries at 7k a year, health insurance 4k a year...not really much left after that. And those are all necessities.
Most people have forgotten what hardwork is? How about most employees do the work of 3 people for the pay of one person and are being taken advantage of.
Yup, I've been there...
True
What is the fantasy one person does the work of three people thing? Where did this imaginary line come from where something is considered three people levels of work? And if it is truly the work of three people, how can one person possibly do the work? Do you even listen to yourselves?
@@KK-pm7ud my last job hired 3 people to replace me. thats where this idea is coming from. stop acting like it isnt true for a lot of workers.
@KK-pm7ud you've obviously never worked in the food industry. When my coworker and I put our two weeks in at our last job they hired five cooks just to replace the two of us.
We’re at a point where kids are a luxury now. So sad.
Been at that point
well kids arent pets
@@cardiiiiii dont know what that has to do with OP said, but good I'm glad you know kids are in fact not pets
People keep having them anyway, even though they can't provide them a good life
@@Sinz_-fl9nj exactly
Being a single mom of 4 kids ain’t easy anywhere. Props for even making it work
If she cant afford kids stop making them.
@@ericswift846But she’s managing and making it work!!
@@ericswift846she probably got divorced after she had 4 kids
@@blast2686she is probably
never married and has 4 kids and different baby daddies… thats the most REALISTIC scenario #niceTry
yeh you have to be really irresponsible with S3x to end up in that position.
What I got out of this was the person who started their own business and works 70 hrs a week is who wins. I saw this coming. I have a degree and haven't worked a job since 2014. I was a single mom of 4 small kids and I wasn't about to limit my income in exchange for food stamps!
Agreed. This lady is a Certified Medical Technician if I heard her correctly. Medical field is always hiring always does not matter what state you live in. I work in Medical field for over 16 years in Health Care I can get a job interview in 2 weeks. Which i did when my ex employers closed the companies got interviewd in 2-3 weeks with 3 companies after I applied. However yes they required 3-5 years experienced. Not sure if this lady has any experience in Medical Tech. But there always a company willing to hire her with or without experience if she wants a job.
"Howard likes to say his employees are family" what a massive red flag, and the lack of shame he has to say that while not even paying his "family" a living wage
And telling people to work 50-60 hours smh
manager probably works 35 hours a week being on a salary (no weekends and holidays of course) and declines PTO for all employees unless they kiss up...
I run from companies that say, "we treat our employees like family". It loaded. How to they view family, like what are the dynamics like...
If that guy wants to work 70-80hrs a week and not complain about still barely scraping by, and how life absolutely sucks because there's no time to live it, then that's on him. The rest of us don't want to do that because we're not fools. We shouldn't have to waste our lives working and still struggle to live. There's plenty of money to pay us in accordance to our production & even lower prices at the same time. They just choose to line their own pockets and keep us working harder for the scraps.
Amen!
Remember, the source of that manipulative crap talk was a "business owner."
That guy was so full of it. The reason we went to a 40 hour work week wasn't to be nice to workers, the reason is because when you go above that, studies have found the resulting exhaustion means that employees will get less work done successfully than if they'd only worked a 40 hour work week from needing to correct mistakes as well as just working slower because they're worn down. Acting like it's some great luxury to be able to only work 40 hours and that people should complain about being poor if they're not working above that is basically demanding suffering for suffering's sake, because working more than that benefits no one.
@@PixieoftheWood Right. This model of work weeks was done by Ford so they can make cars efficiently. The only reason it wasn't more was because productivity didn't increase with a 6 day week. Then everyone else copied it. He's acting like it's a luxury, but even worse is how he talks about how people used to work 70hrs and come home broke so we should too. He talks about it like it was the good 'ol days. Laughable
Exactly, working for scraps and expect people to want to give a job 30 years of their life only to retire at an old age then die shortly after. Sucks that we are living to work vs living to live.
I'm mexican, and we share the same situation. I earn enough to live, but not to buy a house of my own or having several children, and I am actually earning more than friends of mine. I had to save up some money for aprox. 5 years just to be able to buy a car.
This situation is affecting all of us, and it doesn't seem like the government care for the people.
I appreciate the attitude of people who think we should just keep moving forward and being positive. However, when do we start actually trying to change things instead of just pretending we don't have a problem and being happy despite everything? Why is reality so anathema to a reasonable way to live now? Like, in order to be sane, you have to live with your imagination instead of with what you can see with your own eyes? We're all on the fake it till we make it plan, I suppose. It is great that we all have such spirit and gumption but what about value? Like, how did we get air conditioning, modern automation, electricity and running water to every home and promises that we would have more time with each other to only find that we have half of what we need and otherwise we're supposed to pretend we're fine and happy in order to be fine and happy despite what reason would tell use we should feel?
We need to protest
This same problem is happening here in Japan. Salaries have not increased for over 30 years, but cost of living increases rapidly every year
Greed
I'm sorry - if your salary hasn't increased in 30 years then perhaps the problem is looking at you when you look in the mirror. I've been working professionally for 20+ years, I make many times what I did as a 20 year old.
I'm sorry for your struggle... But it's not quite in par with American greed.
Japans gpd has remained pretty constant in that time; where as America's has grown astronomically.
Inflation is killing the working man everywhere.
...But only in America do we pay half of our incomes (minimum) to taxes for broken roads, crumbling bridges, no healthcare, and the rich taking every cent of their ever growing incomes instead of paying their portion to the society that made them.
same here in Italy, and we still don´t have minimum wage
@@ANNA-fr333 Are you serious? Have you ever lived outside of the US? Japans tax rate is WAYY higher than the US, on top of that, the roads are broken all over, schools are in constant states of disrepair, and any public or government building looks terrible and hasnt changed in 40 years. I'm so tired of Americans complaining about how awful the US is despite having never left the US
60 grand a year is the minimum you need to survive with current cost of living. But business owners and politicians at so old they think that 60 thousand is a lot of money because it was a lot of money when they were 20
Exactly
60 grand can barely afford a house in a nice neighborhood or in the country. Your take home pay after taxes, health insurance, is roughly 32-35k. Add everything else and poof: struggling middle (working) class
@TrizerFlame got to keep you poor enough to constantly fear financial catastrophe... that keeps you compliant and subservient to your boss and the laws. The stress and the fear lowers human iq... none of this is by accident
@TrizerFlame the trucker risk his life and even life in prison everyday he goes to work... somehow i think he's still underpaid. The wealthy steal the wages of the individuals who make the world work like a temp agency
Then I deserve $200k a year w a master's degree & 20 years experience 😂😂😂 - good luck w that all you doing is erasing the middle class so we can all be poor together
I live in CO and it's sooooo much more expensive here from when i moved here 4 years ago when i was in the military. Like I'm talking 700 more a month in rent. It's insane.
Someone get this woman a career! Her spirit is everything! May Yah bless her. ❤
No
Hello yes I’d like a 6-inch chicken teriyaki with extra tomatoes and uh no Mayo please
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
The problem is greed, everything in America is for profit. Healthcare, housing, education, transportation (even second hand cars are expensive). Its all geared towards making a profit and increasing the stock price. These profits aren’t trickling down to the workers. Yet the prices of stuff keeps rising. We’re increasingly becoming a dystopian society.
just say it - CAPITALISM SUCKS!
Once the true money was removed all you have is benefits and privileges and now the system has become too big to fail.
This has been a dystopian society for awhile now.
true, but if people weren't greedy and trying to live above their means there would be less demand meaning less profit. Data shows spending is out of control amidst profit-driven inflation. The most recent Amazon Prime Day, last week, was the best ever for the company. The only blame I assign is when the government makes the purchase of something mandatory, then obviously price-gouging will occur. We hold the power, not the corporations.
The big thing most people don't realize is that the higher ups get COLA (Cost Of Living Adjustment) wage increases every year and people below them don't. Inflation doesn't affect them. Essentially certain jobs are protected from certain problems in life. Inflation is built into the federal reserve at 2% per year to force the bottom half of the economy to run the rat race. Quit and find a new job with the starting pay such that inflation is accounted for... At least in theory.
My grandfather supported my grandmother and his 5 kids as a welder. And had enough retirement to build a house in the country. It's insane to think about today.
Totally agree with you. But then his 5 kids also didn't have 65" Flat screen TV and latest new iPhones. I tripled my income from 2010 to 2020 coz I kept asking this question: This aint cutting it, what can I do better.. Am not saying that should work for everyone but this is AMERICA. Land of opportunities! Whenever I started whining, my boss used to ask me - Do you want some cheese with your wine.. 😛
@@nithinmohan2286I think you make a great point, but it's really difficult for folks really trying
@@nithinmohan2286It’s not that simple. You’re referring to these single purchases which people do have control over. I agree it’s important to be savvy with what you deliberately choose to buy, however, it’s the everyday, repeated costs that are hurting earners today.
Example: how we are taxed, fees for services that we as a society NEVER had before, increasing HOA costs….my parents were immigrants. They came to the US in the 70s. My dad bought a house, raised kids while my mom stayed home and life was great. We had the latest TVs, video games, etc but you still have to wonder how did he make that happen on one salary (with little experience and being new to the country).
Yes, personal responsibility over finances is important but the cost of living today is wildly disproportionate to what we’re earning today.
@@nithinmohan2286Way to completely miss the point.
We have six kids on under 60k in California, I do not work and God has given us wisdom and it's what you buy and how you live. You can't have everything and then say you are struggling, your car payment, your expensive cell phones, your expensive furniture, your credit card debt. Houses and rent are high in California, but if this was in your grandfather's time, people moved and when things got too expensive they moved again. No one wants to compromise on anything, they only want to complain. We make less than my dad did and my mom works and yet first person in my family to have two cars in good shape and that took wisdom, and not being too lazy to put in the mental effort to look for a deal and we have a car note that is affordable to us and we pay off our cars, the other car we bought cash and God has been to us, leading and guiding us. Everything can feel hopeless but all anyone can do is focus on the things you can change and change them. Complaining doesn't do anything for anyone.
We’re literally praying to be the next Roman Empire. I think we’re in our descent right about now. This is crazy. You add the cost of food, car costs, and college tuition… they’re pricing us out of having a life
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
"Single income" is the most common theme for people struggling.
The nerve of that guy to pay only $1 above minimum wage and call his employees family 😂😂
No wonder he has high turnover
Facts 🤣🤣🤣
There is no such thing as family in a corporate world. That's a whole load of bullcrap.
Well he could pay them more but hire less people. which you prefer? you still need profits, without that, whats the point in having a business?
@@Dee--Jayif you can’t afford employees you can’t afford a business. You gotta be prepared for the unexpected.
If you can't afford to share the wealth your employees have helped generate, you can't afford your employees. The success of any increase in business or expansion is made possible by the people who work to make it happen. This isn't about occupation, this is about what you contribute to make the company you work for successful.
No, the owner took all the risks and invested all the capital. The workers are only entitled to the wages they agreed to. If you don't like it, start your own company and share your wealth.
@@BlckCloud73 You missed the point. If they want to hoard all the fruits of the labor, they can do it themselves. If you can't do it without help, then that help deserves to have a hand in the success. Not an equal amount but they shouldn't stay stagnant.
@@BlckCloud73 Legitimately the most stupid thing I've read in months. Do you think if you lick your greedy, sociopathic master's boot he won't kick you as hard? You are a part of the problem, bud.
@@BlckCloud73o what happens when no job is paying enough for someone to live and everyone tries looking for a better job?
If you do not pay your workers a living wage and workers choose to stop working because survival is easier than working, than your whole system collapses because you have no workers to support it.
Workers single handedly hold up the entire system. Without workers your system collapses. Pay your workers a living wage or lose your precious capitalism
@BlckCloud73 you can't convince a socialist of the negatives of socialism when they live in a capitalist country. That is why people are so against what you are writing.
Wages have been stagnant for decades. Meanwhile, corporations and CEOs have been raking in millions.
Yes
I watch old movies from the 30s, 40s, 50s, and realize to this day we still can't keep up with the prices of living comfortably or being independent and be able to put away savings for emergency. I'm going thru it and i never thought I'd be in this situation. It's rough. I can't even afford a studio here in California. I honestly think the people in the hill don't care and wants to make sure we stay at the bottom.
The people in the hill are being paid by rich donors who want a poor & desperate workforce.
It doesn’t matter if you’re a small business or big. If you can’t pay your employees the bare minimum. That business should not exist
That's 100% evidence of a failure in our capitalist system. Proof that the government needs to regulate and mandate certain checks and balances in the system or we're just forced to deal with the next generation of Carnegies, Frick's, and Rockefellers.
Started my business last year. Two employees, both get paid $30.
This statement shows your ignorance when it comes to economics. With your approach, unemployment with skyrocket.
@@peterponcedeleon3368 no. What you know is how economic tricks work for the rich while depriving the people of living wages.
@@peterponcedeleon3368 rich become more richer while poor become more poorer.
Where all the money goes?
To the poor or to the rich?
How can it cause unemployment? Can you explain that to us?
Feel for the first young mom who can't make it with her medical tech degree. And she's right; the system penalizes you as soon as you start to make a decent living and try to climb up that ladder just one rung. Keeps you in a vicious cycle. Have a family member experiencing the very same thing . Make more money; lose your benefits 😢
Yes...was laid off from my job of 27 years...single lady who just need healthcare coverage till my next job...denied because I received $13 too much from unemployment!
@lisaselby-brood1897 So true and sad.
Come on! You know this is by design! The government isn't here to help you. They want to control you!
Having a medical tech degree means nothing if you're not using it. It says she makes $20/hr on gig work and $16.50/hr at UPS to make $1500 a month. That averages to $18.25 and hour so that means she's only working 20hrs a week between those two jobs! It also didn't say what she makes on her 3rd job cleaning homes most likely because that's usually a cash job so she doesn't have to report that income or pay taxes on it to keep the food stamps/medicaid/rental assistance. So in reality she not trying to get back to "stabilization" as she refers to it but just working the system to not lose her benefits.
@@hokancho7806 You know it! Shes as stable as she wants to be! The system is working a designed.
Every time that wage is raised, everything else get raised. Companies are not paying their employees we are and that's why they keep raising their prices!
The thing is that there is BIG difference between the GROSS pay and one's actual take home pay, is what often dictates who gets help, and who doesn't.
Only reason i’m not homeless is because of my grandparents, They mean the world to me ❤️
Oh where would we be without them, I got stories. God bless them and you!!
What city or state u in? Did they give u a paid off house or do u stay with them?
😢
Same!
A Bachelors degree is only worth 15.00 here in Alabama. It’s sad. It’s discouraging b/c what’s the point of going to school for 4 years, graduate only to get offered 15.00 an hr.
I'm an Alabamian as well. Thank God for His favor on my life and our family. I'm truly blessed and these comments break my heart💔
take advantage of the cheaper schooling and leave Alabama after your first year of experience. Unfortunately, You have to play the game. Relocate to a place that pays more and has comparable cost of living. You will just have to go back and visit home or move your people to a new area or get a master's doctorate or own your own business and go back to alabama if u must stay in the area. It sucks and isn't fair but you must do it by any means necessary to come up.
It is frustrating. I had low wages right out of college too. The difference comes later after having experience that the degree becomes an asset in applying for jobs or getting promotions. Good luck!
College is wothless nowdays!
A degree in what exactly? I can't speak to Alabama but in Ontario many people complete bs degrees and then complain about their job.
At minimum wage we should be able to afford adequate housing bills and food provided
I concur. Why do so many disagree with this? When it was implemented, this was the reason.
Growing up my working class parents were able to afford a modest home in suburbs. Now, even if you're a high earning professional you'd be lucky to afford a decent studio apartment, even luckier if it was in a good safe location.
This just isn't accurate though
Here in Florida I have multiple workers every day coming in to scrap their possessions because they are leaving the state. Just cried with and hugged a mom with 2 jobs whose landlord upped her rent by $500 a month. She said her son asked her what changed because they used to be able to do fun things. She said she cried in the car and decided it's time to leave this state since there is no future here for workers. I completely agree! She is leaving Tuesday and already rented a better home for half the price in another state. This state is BROKEN!!!
Florida is awful. I lived in Florida up until last year. My old landlord sold the house I was renting, and the new owner told us we had to leave because he was going to renovate and double the rent. We moved up north. It's not great here, but better than Florida.
Vote DESANTIS out
He has given free reign to corporations and billionaires while ignoring everyone else
Idaho is the same way now. Californians are pricing us out of our homes, too. Home prices have MORE THAN QUADRUPLED here since 2016. I can barely afford the cheapest rent. I'm a licensed electrician. The locals here are being financially forced out. Thanks, commiefornians...
I sold my house in Coral Springs FL, June 2023 and moved out of state! It’s way too expensive to live in South Florida right now. And I have a stable good paying job. It’s crazy
Elections have consequences. From what I'm hearing, DeSantis is running FL into the ground. It's officially become too expensive to live there. The middle class is disappearing (not just in FL but everywhere)
The printing guy started to talk and my brain started to hurt. We should not have to work ten thousand hour just to have a decent life. He started with no one help,he did this all alone.. despite having a 401k and the help of his wife. These are the type of people that tell you to pull yourself up by the bootstrap and overlooking all the other factors that may contribute to the state we are in. The best paying job I ever had required 8 hours, 5 days a week. I was not killing myself working 68hrs a week. Do you spend anytime with your kids and family? I saw right through his "AMAZING" story.
They often live under the right conditions. I was lucky in both my income, debts and conditions because without multiple factors I would never have been able to do as much. Some people just don't catch breaks in an entire lifetime.....
He’s lucky people don’t punch him in the face. 😅
Dude was saying we should be content not having improved in over 100 years socioeconomically. A-hole.
@@OnYoNerves Is everyone the same or are people different? Second everything is not likely for everyone body.... Just because I can do something well enough doesn't mean everyone else can. Does any job allow everyone to do it?
Do you really believe everything he says or anyone!?
Lol !!!
I hate it when companies cut their staff to save costs, which makes each remaining employee to do the job of 2 or 3 people! The types of jobs my mom used to work when she was young don’t even exist anymore. Volunteers actually do more now than what she did for a paying job. She’ll suggest something g to me while I’m looking up jobs, and I’m like, “Mom, that job doesn’t exist anymore! And if it did, it would make $7 an hour. lol”.
All of that equates to the majority of employees in America being overworked and underpaid.
I recently lost Medicaid because I make too much money and holy crap healthcare is expensive. My husband and I really need to go to the dentist but can’t afford to have much work done even though we both need really it
Poverty exists on purpose
People need to quit saying you gotta appreciate it! No one should appreciate being treated like a peasant, you don't have to appreciate somebody giving you a job because they need workers that's called fair exchange. When someone does something genuine & good from the heart and it's truly all they can do that's when it should be appreciated but these corporations barely paying people but making billions and rich taking advantage of the poor disadvantages should not be appreciated because you can best believe anytime they do or offer help all they're doing is attempting to balance their dirty conscience, docs paying taxes and get a tax write off or get the publicity needed for that moment!
It broke my heart to hear that she only earns $1500 after working three jobs. Where I live getting housing for $1,500 is nearly impossible. 😔 Life is so hard sometimes. Said a prayer for these people. Prayed that the situation improves for everyone who is struggling. 🙏🏼🙏🏼
Yes, $1500 is too little to live comfortably. But based on her hourly rate they showed, her three jobs added together equates roughly half of a full time job. In other words, she works for about 80 hours a month, whereas a full time job is 160 hours a month.
Nonetheless, I agree her hourly rate is too low. But simply stating she’s working three jobs without saying how many hours she’s working is misleading.
How? All behind racism
Look at Gavin Gruesome
@@jparitythe other half of her life is raising her children. That’s the only way to keep boys off the streets. She’s trying to raise the next generation of young men while earning poverty wages.
It breaks my heart there was no mention of the father she chose for these children.
Amen ! YES, here's the thing I am 26, i have 2 kids and I live in Indiana and I'm struggling with the exact same thing I have Medicaid and food stamps and it is absolutely true. I make just under the allowed amount of income in a month. If I were to be just over the income limit, the amount that I make over does not make up for what I'd be losing in benefits, why is that??I have literally had to ask my jobs to decrease my hours shortly so that I could keep my benefits. The fact is the government benefits like food stamps, Medicaid, and WIC are not adjusting the income limits and guidelines to be realistic. Also there are so many things that aren't accounted for when applying for food stamps or Medicaid. Now with WIC there is a cap off at age 5, which i understand because kids are normally in school by age 5 and receive breakfast and lunch at school, but what about families that are still struggling and maybe home school.? These things need to be addressed!!
This is spot on. Benefits should reduce 50 cents to the dollar so that you get ahead by working more.
I hate seeing stories like this. Nothing is gonna get done. And it’s like rich people like watching regular people talk about how much they can’t afford nothing.
Yep
The lack of compassion in these comments are the root of whats wrong with our society as a whole right now. Its like we forgot how to emphasize and care for one another. All we can say is "work harder" as if it's a fix all. Working harder only gets you so far in a broken system.
😂😂😂😂😂😂😂😂😂😂
Plus if and when your health takes a hit from exhausting yourself to the point where you get sick, there is that hill to climb. How will you pay your bills and have a place to live if you cannot work? If you are by yourself like I am with no one to support you, of retirement age, and work as a professional in a job that is so stressful that your mental and physical health is affected, how are you going to take care of yourself after working hard all your life? I have 2 degrees and am unable to save any money. I am one emergency away from living in my car. I feel for those people in the same boat who have families they are responsible for.
Its kinda unfair when boomers say work hard, and yet you work so hard and then you collapsed. What are you gonna do?
Why don’t you take care of everyone if you’re so compassionate?
@cassady7169 thanks for making my point.
It's so sad that society is like this. How is congress stuck on mandating a living wage for everyone but can give themselves raises? This society is sick.
This is why the rich will.ALWAYS get richer while the poor will ALWAYS stay poor. These politicians are crooks on both sides hence why they won't inact term limits for them. Local elections are key! Voting matters
Because all congress has to do is get immigrants to do the jobs. That's what they're doing now anyway.
Nasty, sick people
Never forget, all the worker concessions we have achieved and are thankful for right now, were won by socialists and union workers. The rich will never and have never given anything up willingly. They would watch you get your arm chopped off in a meat grinder if it added an extra cent to their bottom line. It is always and has always been a class war. Working class vs owner class.
Becuase they dont care about us, people in this country are manipulated by media and politicians to believe its a red vs blue ideology when its just leaders selling their own people out to coporations and doing an acting job when they pretend to care about everyone. People here in Florida are praising DeSantis as if he's done something huge for the state, he just pushes out an over obsession with "woke" and gets his supporters angry enough to back him while Insurance rates , property rates and rent have sky rocketed in record numbers under him and cutting funding/programs to public education.
It's crazy to think that you have companies like Wal-Mart, one of the country's largest employers saying that they can't afford to increase wages, yet the Walton family is richer than God. Meanwhile, so many Wal-Mart employees are on government assistance programs like foodstamps. My tax dollars go towards subsidizing the wages of Wal-Mart employees just so that the Walton's can buy another yacht.
The owner of that printing company is full of crap. No business is going to voluntarily pay their workers more than the minimum of what they have to. So we must make them pay the workers more. Raise the minimum wage; then for him, raise the price of his t-shirts and let the chips fall where they may. If the market will bear the increase prices of the t-shirts then he'll be fine. If not, then he'll need to adjust further.
We have empirical evidence that they pay more than minimum wage voluntarily lol
He "treats them like family" by paying them only a dollar above minimum wage. Man must really hate his family.
Or go find another job.
If the wage does not meet your individual needs, YOU take responsibility to get the education or training for a job that’ll cover them.
That single mom is doing a great job. She DESERVES more!! Greedy CEOs become millionaires off the blood, sweat and tears of their broken employees
Best comment in here. You said so much with so few words
I'm a single father of 3 (1 2 and 4 year old going threw the same issue I living in California and it's ridiculous.... i make 2200 a month and if I make over 2900 I don't qualify to get any help and mind u 1600 rent foods up rents up gas up how can they just keep it where we don't get no where....lucky I get free daycare but with my 5 year old going to kindergarten now I need a job that starts at 9am I'm use to working and not caring on the wages but unfortunately being a single father with no help I'm doing what I need to do to make sure my babies have a smile on there faces❤ and have roof over there head I changed my owe life for my babies but need more income or be allowed to make more n be in my children's life
...mind u anything over $18 buck your over qualified for assistance mind blowing 🤯 😢 😇 🙏🏽 I know God's got me he got me this far so far )
@raymondr2967 I feel the same. God took care of me while I raised my kids. I couldn't have done it without Him. The system is so messed up. All children should have a nice home, good food, and a parent (parents) to discipline, protect, and love them. Just because a child can get up, get dressed, make their own meals, and get to school by themselves doesn't mean they should have to. Mental and emotional stress is on the rise because too many kids are growing up without the love and guidance from parents like you. God Bless you and your little family
Every job maxes out on pay. I was a hairdresser for 20 years, maxed out on the income I could make. I went to college part time and became an RN at age 48. Best thing I ever did for myself. Single mom with 2 children. I work 3 days a week, good pay, benefits, 401k, free education. You got to do more and become more if you want to earn more.
@@eckankar7756 I totally agree. I don't understand why people expect to work low skilled jobs indefinitely and support a family.
Growing up I always heard that $100k a year meant you made it in life. Even in college 13 years ago, people bragged about it. Now, it's not much. Costs have skyrocketed and wages have stayed stagnant. The wage discrepancy between big corp execs and median employee incomes have grown ridiculously far apart!
Except cost haven't skyrocted and wages stayed stagnant l.
The CEO pay argument always has and always will be terrible
Blame the bankers and Congress.
9% of the U.S population earns 6 figures and dropping.
@@DeepVerma728 factually incorrect but okay
That's insane. America has been destroyed by both political parties and corporations. None of these people are your friends.
I lived happily while considering technology a luxury I could not AFFORD. I paid $45 a month for a landline to a high quality cordless with an answering machine in it's charging console, and that was IT. No cell, no computer, no TV. I saved an estimated $170 a month by not having unnecessary things. I WANT to go BACK to that, but cells have become almost necessity now that virtually EVERYTHING is being converted to digital tech, forcing us into having it-like no more paper job applications.
There are tons of jobs. Yet the rent is so high that you can’t ever get ahead of the expenses
The sad thing is, as people we shouldn't put up with this, and most are fearful to do anything about it...and the business model knows this. We should be shutting this crap down and striking in every industry. Compared to the profits being made off our backs, we are all underpaid, period.
Biden destroyed America...all he cares about is Ukraine
A general strike is the only thing that has a chance of making things better
1/2 the country lives paycheck to paycheck. The workers don’t have the will to strike. They know they will lose.
1/2 the country doesn’t have $500 in the bank
There will be no strikes
A general strike was already attempted post-2020, and failed. The people ran completely out of money and were losing homes, starving, and suffering from lack of overpriced medication.
They had to come crawling back to the companies for the same or cut wages and less benefits “due to unprecedented costs,” which really means the top 5% were unwilling to lose profits during a downturn so they just squeezed the difference out of the labor force.
exactly, finally someone get it.
Always talk to my mom about this, who was born in 1970. Her answer is always “work hard and you’ll be fine”. I just laugh cause all you have to do is open your eyes to see newer generations won’t have even close to what their parents did. Regardless if both adults work 2 jobs, the cost of everything else just goes up while your wage stays the same.
If you choose a lucrative career and have education, your wage will be more than sufficient. It's the choosing career part where Millennials and Zoomers fail.
@@DIVISIONINCISIONwhy should only some job be paid a living wage?
I always tell my boomer parents, if hard work was the answer, construction workers and nurses would be the richest people in America not CEOs and university chairmen. 😂
Well, it used to be true, but isn't anymore, thanks to inflation and growth of government. Also, if you want to be just fine, then "hard work" is sufficient. The key to being rich though is to work smarter, not harder.
Don’t get a useless degree, a college loan that you can’t pay back, save money, don’t have kids before you’re married, get married and work hard and stop voting blue.
We shouldn’t have to be working three jobs just to make ends meet. You could work one job back in the 80s and 90s. One person stays home, the other works and is the breadwinner. Can’t do that anymore. It’s so sad. Something really needs to change. We need to stand up and speak out. Because this is so unacceptable.
We don't have to work 3 jobs just to make ends meet.
This glorification of the past that everyone likes to do now just doesn't make any sense.
Yes - you can still do it.
If you have to work 3 jobs to make ends meet, then there might be a few things you need to change on your end.
You think is fair that some people have more money than they, their children and their grandchildren could possibly spend in a lifetime while the employees of their retail stores get paid almost nothing?
The real issue that gets me so angry is the amount of greedflation that’s happened on basic needs. Some products have increased in cost so much that it makes absolutely no sense.
Yup! So much of this is because of price gouging. Eggs increasing 120% overnight, with no other factors!!! You have to be pretty foolish to think that is inflation.
Seems that way. You need it, therefore the seller can charge what it wants. Until you and lots of others do without, you’re stuck praying the price. Over the last few years I’ve reduced consumption or opted out entirely of lots of things. A sale here or there is what I rely on or substitutions. I really have to stay super aware of my choices-and their impact.
Consumers do have leverage. Think small. Don’t buy in to ‘hauls,’ ever-expanding home pantries (a neighbor of mine had aisles in hers!), and unavoidable losses as food degrades or expires - which are at about 20% for most of us. That’s a huge figure. Most people, I suspect, would have to work very hard to save that much on groceries. Closing that back door is difficult, but it’s a real opportunity to leverage buying power. I’m changing my planning, what I buy, how I prepare meals, and how I shop and store food toward recouping that 20%. It’s a concrete, attainable goal and could affect those food industries we depend on. For now, the savings are being redirected to things I want to do and enjoy. It’s possible!
its called supply and demand and its taking over the world quicklike
@@maxofficial2
Now please do tell me why half of the people in industry countries (where exactly the same thing happens) even, and still, defend this exact situation. Especially those people who suffer under this, they even defend it. Are they just brainwashed basically 🤷🏻
I know in the next 20-30 years this whole thing here will fail because it simply cannot sustain itself (its only getting more and more precarious for people, and people can only take so much (but unfortunately it's not yet difficult enough, for people to go onto the streets finally)).
This has been going on for decades. When I was looking for my first house in the 00s, I just didn't buy one. For every dollar I saved on my post-graduate job for a down payment, the cost of the house went up by $2. I opted to just... not buy a house. It was a tough pill to swallow for a person that "did everything right." I got great grades in school, bought my first car cash - used - nothing fancy. Saved a lot of my income. But it amounted to nothing.
It wasn't until the economy cratered that I was fortunate enough to buy a real fixer-upper in an area of the country where the cost of living was very low. That's what it took.
I fear for the next generation - my kids. As someone involved in hiring at my company - in a field where the starting salaries are on the higher end... I STILL don't see how they can move out of my house to start... like the generations before me. My kids are fortunate that I'll support them during those early years in their career. But, for millions of others kids... they will probably have a harder road than I did. And that's not how it should be.
Reganomics
This is also my fear. Did " everything right" and feeling like I've done nothing. Looking into certifications to boost income
@@minixtvbox Referring to Reaganomics while he's talking about the housing crash that Bush oversaw? You are a real buffoon.
The standard of living has gone up despite the various economic setbacks, so I'm not buying this crap about young people "struggling more". I've gone into young 20-something's homes, and despite this usually being a small or modest apartment they're still able to work just a single full-time job and have an XBox, nice TV, a car, etc. and not starve. There's always booze there too.
@@kommisar.nice tvs and xbox consoles are hardly a measure of quality of life. I promise, when Denmark tops the list for “high quality of life countries” every year, its not because the citizenry has a well stocked home bar. Its because they have government provided healthcare, inflation-aware employers, and pathways to home-ownership. Tech is a cheap novelty, not actual wealth or commodities
The 2 biggest issues are housing costs and food costs. Rent/mortgage should not be more than 33% of total income.
8:30 It was absolutely hilarious to me to see this guy try to backpedal and rationalize in the face of her question. Well done, NBC.
As a single mom of 3 I know exactly what she means. Soons you makea few dollars over they snatch your assistance. So then when you have to buy ALL your food with cash, get no assistance with this high rent, and pay for health insurance you are LITERALLY worse off. So that $80 extra a week just cost you about $200-$300 a week. So it's like your hustling backwards.
My mother and I decided it made more sense to just live together and so far so good!
Couldn't agree more! My mom literally couldn't get a good paying job (like anything over 13 dollars an hour) because they would say she makes too much money? Like how??? We are barely getting by
I was just talking about this yesterday. My hubby and I just got a tiny raise and that was enough to take out kids' off Medicaid. With us buying groceries, doctor bills and rent we are almost back to square one. It is like you cannot make just enough for anything you have to be suuuuper suuuuper rich 😩
Shouldn't have had kids you can't afford
You can only blame yourself, mom!
Where's your baby daddy? He's supposed to pay up.
Working 40 hours a week is already mentally and emotionally draining
Grow up no its not.
@@warmbeergamingdudedepends on what your job is.
@@warmbeergamingdudesitting down and doing nothing doesnt count
It should be enough
@@austinhughes2871 I work in health care and work my buns off. Because I do not always have the energy to work overtime. My health had suffered because of the stress. My days off consist mostly of either resting, or not getting rest and using the little energy I have left to keep up my household chores and maintain my responsibilities in my rental. I know alot of people are in the same boat. I don't mind working hard, but I wish this could get me ahead and give me some stability.
When I first graduated college in '11, my first job was $11 an hour. Six months later I moved to a new company, industry and bumped up to $14. Fast forward more than a decade later - I have a home, wife and baby - I make just under $100k but things aren't easy. I feel like the costs of everything has gone up exponentially - would have never imagined back in 2011 I would be making the type of money I do and not be living comfortably.
I cant imagine you making that much money and having a hard time either what is eating all your 90k+?
Mortgage, daycare, gas and food. Wife was a SAHM for the last 15-months so while I gained a salary under our roof, we now have to pay crazy costs for the daycare.@@TheCommanderjoe
Sounds nice. Are you telling me you didn't pay full rent at the age of 15 with a full time job?
Student Loans (That restarted this month), Mortgage (or rent which has just gotten exponentially worse over the past few years.) You get less for 100 dollars at the grocery store nowadays as well and somehow $3.10 per gallon has become "cheap" (in my area at least). Everything is just so expensive it doesn't really surprise me that a 90k salary would be tough. @@TheCommanderjoe
@@TheCommanderjoemy question as well. I don't understand, we make $67k with a daughter we managed fine. With mortgage, electricity, car payments, insurance plus food etc. We're not struggling. We don't have debt like credit cards or anything. Just paying the necessity. Here in Phx AZ. I think for most people they have debts they never pay off or responsible unnecessary spending habits. Poor mismanaged in their financial one or other or all above. What I see in a lot of people financial status. Not to say this man/woman is because I don't know. Just stated what seems to be the issues in most cases( in general)
4 kids at 3500 per month? That's still very tight. And I'm assuming she means after taxes.
The guy said "in the 1900s people were working 50 to 60 hours a week." And bread was a nickel 😂
Nobody needs to be working that much period
And wages were low so what's your point?
Bro the reason they did that so they can capitalize on the low cost of living. If I was in their shoes I would've done it to make bank. Nowadays if you work 50-60 hrs a week you don't see much in return
He also missed that some were children.
It’s hard to live alone now, just about everyone I know NEEDS a roommate. Times have been harder and harder. Having to get very little groceries cause food is more expensive but yet shrinking in portion.
💯 all my friends either have to be in relationships relying on each other or rooming it with someone it’s so sad
Beans, rice and potato’s
Yes, thank GOD the Biden administration shut down all those supply lines during COVID and thank the LORD all these Democrat cities have stopped prosecuting retail theft. I'm so grateful to be paying more for groceries and other regular household goods because of their sensible policies!
@@AdamFontenet-iy3tb this made a lot sense and I do agree gen Z doesn’t contribute as much. I love them though because they show you don’t have to work to enjoy life that our pass gens unto us millennials.
The majority of gen z are still kids...
This how it works. cost of living goes up. Wages increase after years, then cost goes up again so, you always back to square 1. Why even increase wages if cost of living ALWAYS going UP!? Makes no sense. Only to politicians if anything.
Corporate greed, will end us all.
Not if we take action
Around 15/16 I remember being enraged bc my family was barely making it by month to month but that was enough for the govt to stop giving us food stamps.
I realized why the cycle of poverty is so hard to break. We aren’t given the opportunity to actually build something bc the minute we make enough money to be justtt above scraping by, benefits get taken away and now we are even worse than where we started.
Basically, I noticed that going from 15-20/hour was not much of a gain...the tax increase...was significant. I have not had or used govt. assistance, but rely on family a lot.
Exactly this. The sad cycle of poverty. You can't escape it without the help of a lump sum of money.
@@MJ-gj6mj Not just that, Think about how many people who win the lottery and then are broke and worse of a few years down the road. Its a matter of No planning, no goals and not taking steps to conserve. I have had all kinds of jobs, but NO Careers yet. Dead end jobs with no future and I had no plan or goal in mind on top of it made it even more dead end. Now I am trying to get somewhere, but who knows if that will even matter. A.d.d brainfail for the win.
Rent a room from someone and work 7 days a week untill you can get a down payment on a house once you have a house owned it gets easier as time goes on because inflation goes up but the mortgage doesn’t
@@DRob-gq3kiso idealistic, who don’t know that is renting rooms this day and age. That would be nice but many people don’t have people they can depend on for that
I had to retire early, 62, due to health reasons. I get around $1,100.00 a month and could not afford rent, utilities, car repairs, food or health insurance. I ended up living with my only child and her family who were struggling to make ends meet. Even with my added income we are still struggling. I had to sell my car because I could not afford the cost of constant repairs. My daughter, son-in-law and one grandchild all have health issues and take medications daily. Thankfully they have health insurance but the cost to have that insurance is very costly. Yes, I have Medicare now, but it does not cover things that I need, like new glasses (the ones I have are 8 years old) and I'm a diabetic and dentures (the ones I have are nearly 30 years old) I'm having to super glue them when the teeth fall out and the dentures break. People are all having it rough not only here in the USA but all over the world. My heart goes out to them. I'm thankful I have my family even though we are going through some very tough times.
Thank you for sharing your story. I hope you and your family are protected and prosper!
God bless you and your family
You can get medicare and an advantage plan and it would cover everything you mentioned and most plans are zero dollars…
why would you rent at 62? You had 62 years to save enough to own. Stupid is....as stupid does
@@shellysmith1037 relax shelly you never know peoples situations prior and it costs zero to be nice
The amazing thing is that no one makes the connection between how many people are on the planet and how much poverty there is. Fewer humans equals more money and power for each.
A livable wage in this country is $65k, that's about $34 an hour, $15 an hour won't help when a one bedroom room apartment on average is $1700 a month. If corporations don't want to pay more, than the cost of living needs to be lowered. The working poor is a real issue that is not being addressed in this country.
Anybody can just make up numbers
I can tell that third guy was a right winger just by his answers. I do back breaking work, on average of 53 hours a week. There's no reason I should be working 80 hours a week so the people at the top can work less and make more.
You think he's at the top? He may be 1 at his small business but they are all hurting to stay afloat nowadays. He explained why small business raise rates. It's basic economics 101. Shame on NBC for interviewing that man.
Yea he was a straight up loser hands down. Probably worships trump and Elon musk as well. Sad
There is a reason. Your mentality is like every other person who cries and whines about not making enough . People risk a lot when they start a company. Some don’t make it. Go try and become the TOP guy somewhere and start your own company. That separates a guaranteed check to not knowing if you’ll make it
You went from 53 to 80 really quickly... They should just fire you.
@@david5544greading comprehension is hard for you it seems
Cost of living is outrageous high in the USA and people have to work 2 full time or 3 part time jobs just to make ends meet. It is very sad and a disturbing trend.
Go to college and stop being poor
Hopefully the trend ends on a high note. As of now, the consumer is being drained. Depending on where a person is in the foodchain determines what your experience is. The less you make the sooner and longer you feel it.
@@atiyarise4131 thank you for your reply
The boss of a very profitable company bragging he pays 1 dolar above minimal wage and fighting agains every dolar increased by government on the same minimal wage is ridiculous and the example why the fight between the working class and owners will never stop. Also, making like it is pretty common to work 60 or 80h a week is just astonishing!
There is also an increase in the technology a family needs ( example: one phone per person), how often clothing and other items need to be replaced, and how impractical it has become to repair things.
I felt her on the "It might get me that oil change I need" For the first time in my adult life I have enough money for a downpayment....but the cost of housing is not even worth it.
It's not smh
I am grateful I had the pay increase, but yep your right. As soon as that happened the prices were raised making it impossible again
@@misstwistedshine same! It’s so disheartening!
Just wait for a market correction and interest rate change.
better than renting
I’m making decent money and can barely afford my 50$ copay just to go to the doctors once, 250$ insurance a month, food, rent AND I’m supposed to be able to save for retirement? This is UNSUSTAINABLE
4 kids on a $1500 a month? People need to learn to use contraceptives...
First lady interviewed seems to have terrible budget skills. Why is she not using her degree and working up in the medical space? Loads on online remote/hybrid jobs she can do.
Here's what people need to do, this is financial advice.
Get out of any high interest credit card debt before you follow any investing advice below, and have a minimum of six months of emergency savings in your bank, and $1,000 in cash in your house, and a couple hundred in cash in your car.
Budget your cost of living so that you are spending as close as possible to living off of one paycheck a month for your fixed expenses (car, insurance, mortgage, gas/electric etc). Use the second paycheck to cover variable cost and long term savings. If you are married, or living with other people adjust accordingly.
Invest in your company 401k up to the maximum they match 1:1 first.
Second, invest into and max out your Roth IRA.
Third, invest into and max out your HSA account.
Buy index funds/ETFs in your 401k and HSA. Buy dividend growth stocks, dividend stocks, income stocks, and growth stocks with your Roth IRA.
4th, pay off any low term, low interest debt, except house mortgage.
Now, if you have a house, make sure you have a good maintenance fund, which should be 1% of house value per year roughly.
If you don't have a house, save spare cash towards down payment, closing costs, etc. If you are single it's a good idea to get an FHA loan and buy a duplex first, that way the renter in the other unit helps cover your housing cost.
Live there for five or so years, and save around $10k a year and buy another duplex every five years, only move if one of the new units is an upgrade to your current one.
Now go back and max out your 401k.
Now, you can start buying regular stocks in a brokerage account, or invest in alternative investments.
What an incredible woman. Unfortunately the crisis is going to be much worse by the time her kids are adults and the same for my own children