We’ve known for ages that increased wealth above around 70k a year doesn’t improve happiness. On the other hand, crushing debt, imminent foreclosure, and paycheck to paycheck living do make “gratitude” and “charity” slightly more difficult. Let’s revisit happiness after we establish a reasonable minimum and maximum wage.
The 30% isn’t adjusted for job title or location. It says as much in the article, but apparently the title “Women and Minority Groups are Wildly Underrepresented in the Upper Echelon of Financial Institutions” was too long... and insufficiently click bait-y.
In an economy where those at the top of companies have so much cash on hand they’re buying $800 candles without a second thought and those on the bottom are collecting food stamps it might be time to re-evaluate the personal tax structure.
As soon as you’re being paid in “opportunity” someone’s manipulating you to make money off your back. It’s the same thing that results in musicians performing for “exposure” which the bar reaps the profits, students extending their school loans for the opportunity of an internship, and people putting in unpaid overtime to meet unrealistic deadlines on “their” projects in which they’ll be reprimanded for failure but get nothing more than a pat on the head for financial success.
The article entirely misses the fact that “economic growth” doesn’t mean wage increases, job growth, or any other factor that might be tied to people moving. The evidence reviewed in the article demonstrates what we all already know. Entry level jobs are so underpaid most people can’t feasibly relocate, Millennials are overqualified, underemployed, and mired in debt, and the behaviour of the market is a better indicator or growth in golden parachutes than change in working people’s lives.
At best a pointless waste of time and at worst indulging the type of nightmare helicopter parenting that cripples effective decision making. How about we just don’t?
This is pointless. It might as well be 8 trillion sideways if humans become a multi planet species. What a terribly click baity article
Maybe it has something to do with the fact that Millennials think of socialism more in the context of Scandinavian or other European countries than in term of the Cold War. Maybe they’ve noticed that the countries that lead the world indexes for health, education, and happiness all have socialized funding. But sure, conflate a move toward democratic socialism with outright communism. That seems fine.
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