Except employers don't care about loyalty, because that would require them to invest more money into their employees. Its cheaper for them to just offload the cost onto colleges to do the training for them ( or other employers) and cycle through employees.
You hit the nail on the coffin, changing employers does wonders to paystub, employee loyalty is a decade old BS, there are million companies out there if you have the right skill.
@@dominatorcda7180 I hardly believe that it's cheaper to have new employees coming in, older employees less reliant on other employees and experience is generally a virtue for your clients...
You forgot to include an important part. Many companies are reporting record profits, even after factoring cost increase from market conditions. They are raising the cost of product in general!
Planning to retire in 20 years? With rising inflation, the cost to maintain your current lifestyle could reach $2.6 million or more. The combination of high inflation, lower projected stock market returns, and stagnant wages makes securing an early retirement more challenging than ever
A good way to invest during a recession is by buying stocks in sectors like consumer staples, utilities, and healthcare, which usually stay strong. But it's important to consult a financial advisor before making these decisions.
These factors definitely play a part when I think about whether to invest in a stock. But I never make a purchase based solely on that. I always consult my financial advisor, who has helped me build a well-diversified portfolio worth $985k, which has seen tremendous growth.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
The salaries of CEOs are beating inflation. Profits are also beating inflation. Instead to paying to run propaganda to explain why regular workers should accept lower pay companies should use that money to pay employees. Good companies do.
@@katie84 The companies shareholders are majority of the time old management people and stock brokers. Also, robin hood better, but that’s neither here nor there.
Companies will pay you as little as they can get away with. It's up to each of us to fight for a fair wage. New York has required employers to publish pay ranges with jobs, thats a start towards leveling the playing field.
The market is the market. Period. You can't win because your medium of compensation is continually deprecating. The wealthy aren't paid in dollars and the fed under reports inflation
More stupidity. Why don't you start a business and allow your customers to dictate what their pay is. Or invest in rental property and allow renters to pay what they think is fair rent.
Because CEOs wouldn't get their yearly million dollar bonuses if salaries and wages kept up with inflation. Upper classes need a feeder class to extract wealth from. There must be poverty in order for the rich to thrive time and time again.
You don't get it. Those CEOs aren't even paid in dollars. They are paid in assets. They don't want the deprecating dollar. This "greedy" business has nothing to do with anything. Do you think they could give you a 3% pay decrease every year and keep their employees? Of course not. It's the us government and the federal reserve that gives them the ability to do just that.
@@rymillar8126 yes, and to add to that just look at Federal Reserve policy and quantitative easing over the past 14 years or so. The money printing machine has always been aimed at asset holders even if the Fed wanted it to go to salaries and wages. Unintended consequences happen with every Fed policy. There is much, much more to this than simple greed. That’s just the proximate cause, not the root cause. “Lords of Easy Money” is a great book if you want a somber appraisal of how our monetary system is run, and how it affects the working class.
@@tnield9727 I'd say the mba and c level employment gives me pretty good insight into our monitary system. In 21 my assets increased 44% in 22% 16% despite my company had less profit. My assets didn't really change. The money value did. Nothing but money printing made my $500k worth $1m. I don't live in California. There's no shortage of property. It's a cost to build.... My stock didn't go up because the company made less money (this causes stock to go down generally).... Qe (which is money printing) did that. While I'm greatful enough to thank government. I know that's temporary and my children may not find themselves so fortunate. Infact most won't. By 2060 only the 1% will own property
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?
@Zahair O'Brian thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!
It really depends, whats really happening is all the pay increases are going to the bottom 25% pay increased 11% for the bottom 25% much higher than inflation. Meanwhile the top 25% only saw increases of 2.5% much lower than inflation. Poorer people having more money drives inflation more than higher income individuals.
@@seanthe100 yes I have noticed this too; a bit odd that only the lower paying jobs are getting a more instep wage increase w/official core cpi than those making more than 100K
Because it immediately affects their level of living, people are impacted by inflation far more swiftly than they are by a stock or real estate market disaster. It is hardly surprising that market sentiment is as gloomy as it is right now. We are in desperate need of your help if we are to survive in this economy.
I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
It’s actually nonsense to not take into COL cost of living in the area the company is located. And the term “overpaying” kept being used in this video but interestingly enough CEOs are walking away with tremendous salary increases and record profits. Greed is a disease.
How is it nonsense? Companies want the highest profits, meaning largest revenue and lowest expenses, possible. Everyone seeks after their own best interest, resulting in the best overall outcomes for all. If you think it's greedy for companies to do this, then the same applies to employees, and consumers as well. Do you count employees as greedy if they don't volunteer and take on extra responsibilities without extra pay? Do you count consumers as greedy for seeking lower prices? No, these all interact to balance one another. Companies want to offer the lowest compensation for the greatest labor. Employees want the highest compensation for the least labor required. Companies want to charge the highest prices to consumers, as well. But, consumers seek the lowest prices for the highest quality possible. Nothing is limitless. Labor is limited, compensation is limited, prices are limited, and quality is limited. The trick is reaching those limits, or getting as close as possible. We want good compensation for a good amount of labor. We want good quality for reasonable prices By the way, about CEO's getting huge salary increases. That is because their work has resulted in huge profits for the company. If you want their salary, become a CEO yourself and contribute as much to the success of a company. You don't get a CEO salary on McDonald's cashier labor. If you want more pay, as any employee should want, you need to offer more on your side of the equation. Seek better paying positions, better paying companies, more responsibility, more experience, more education, etc. The more value you contribute as an employee, the more compensation you can expect from an employer.
@@johnc1014 Not exactly. Hard work, dedication, and loyalty doesn't always get rewarded or noticed. Even if it were your boss may reward with doing more work with probably no extra compensation. Basically loyal and hard working employees a lot of time get exploited by their bosses. But yes, there may be rare occasions where loyal and hard working employees get the compensation they earn and probably more than that. I heard stories from people on UA-cam comments, and Reddit who've experienced stuff like this happen to them. Its sad.
@@theintrovertedaspie9095 Ok, I never said anything about loyalty. I said to seek opportunities that require more responsibility and, thus, also pay more. Seek them both with your current employer and with other employers. Gain experience and a high degree of proficiency in your craft so that you are competitive and can demand a higher wage for your labor. Gain additional education if that helps in your field; or that may help you change to a better career path. My point is that you shouldn't expect to be paid any more if you don't offer any more on your end of the deal. If you're being "exploited" by your boss, then find a different boss. Why are you working for a boss that exploits your time? This is a voluntary transaction of time/labor for wages/benefits. If you don't agree to the terms, then terminate the transaction.
@@johnc1014 You saying, “everyone seeks after their own best interest, resulting in the best overall outcomes for all” is so narcissistic and exactly why the income disparity is where it is lol. It’s that kind of selfish and myopic thinking that breaks the moral fabric of societies.
@@jimbo4187 Actually, it's the complete disregard of this basic incentive structure that has led to so much poverty and misery in so many socialist countries. Meanwhile, capitalism harnesses this basic human self-interest to produce so much good and lift so many people out of poverty around the world. Here's the thing: like it or not, people want money. You mention "income disparity," so you obviously understand that a higher income is better than a lower income. Well, you don't get that from nothing. You much provide something of value to someone else in exchange for said income. A kid can offer to mow the neighbor's lawn for $20. If the neighbor agrees and the job is done, that transaction takes place. The kid gets $20 and the neighbor gets a mowed lawn. This is basic exchange of value. Both are seeking their own self-interest. Now, say the kid decides to start a lawn mowing business to make a lot more money. He can hire friends to mow lawns and pay them a wage to do this. Again, there's exchange of labor for a wage, exchange of value; everyone seeking their own self-interest. The kid has more responsibility to buy equipment, pay workers, gain new customers, and ensure clients are kept happy and return as repeat customers. So, he gets the remaining profit after all expenses are met. Of course, if expenses become too high or revenue becomes too low, then the business no longer makes sense. And, that's where he goes out of business. A major cause for lost revenue is when others start competing businesses to do the same. If they can find way to do it cheaper, and offer lower prices, then naturally customers will go to the cheaper business. But, if you get too cheap and quality declines, then you can also loose customers because a decent quality level still needs to be met. So, going back to my statement: everyone seeks after their own best interest. Workers seek the highest compensation for their labor. Businesses seek the lowest costs and highest revenue to produce the greatest profits. Customers seek the highest quality at the lowest prices. These competing interests balance one another out to result in the best overall outcomes. Of course, government tends to come in a manipulate this, creating bad incentives and distorted view of market conditions. This is why I'm a big advocate of a total free market. In a free market, you have no well-intentioned government policies corrupting this well-oiled system. Now, let me go back to "income disparity." That is largely due to some people producing significantly more value than others. Elon Musk started Tesla and SpaceX. Bill Gates started Microsoft. There's Apple, Walmart, McDonald's, and so many other companies that provide so many consumer goods. If you don't have a company like that then don't expect to have the same income as these people. The way to wealth is through providing the most amount of value to others. Businesses provide goods/services that consumers voluntarily exchange money for. Employees exchange their time/effort for wages/benefits. Customers exchange their money for goods/services. As an employee, if you want more compensation, you need to offer more on your end. Increase your experience, job skills, education, etc in your chosen profession. Find the positions that require the most responsibility and effort on your part, whether they are at your current company or another. Perhaps you need to switch to a different company or different profession all together. This is how you grow your income.
Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 10%.
I know what I want to do now that the market is in decline, but I'm not sure which stocks to buy, which investments would generate the best returns, etc. Due to the risk, the possible benefit is larger, and experts are better at drafting such precise contracts.
In fact, despite having no prior expertise or understanding when I began investing in 2018, I had achieved a profit of over $750k by the end of 2019. I had just followed the recommendations of my financial advisor. This indicates that all you actually need is a professional to help you; you don't even need to be a great investor or put in a lot of effort.
I encountered Julie Anne Hoover through a CNBC interview, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested. You can hunt her up online if you require care supervision.
Whisper said companies don't tell us where to live and what to buy, I'm sorry what? Historically, if you work for a company you have to live where the position is located. Meaning you have to purchase shelter, transportation and utilities in that location. So they do tell us where to live and to a certain extent, what to buy.
Why do we just accept that increased demand leads to higher prices? If demand increases and all other factors stays the same, prices are only increasing because the price setter knows they can extract more value for the same goods. That's greed...
I don't suppose you've looked at the housing or auto markets over the past two or three years have you? In competitive markets the highest bidder wins. Prices increase when demand increases beyond supply because there's always someone willing to pay more than you for that good/service.
I mean increasing production costs money, but agreed (especially when producing benefits from economies of scale). The price fixing goes beyond increases in cost in the name of greed
It does temporarily. Makers of goods will keep up with increased demand by allocating more machinery and labor for production. However, this is offset by the higher wages. It's just a matter of keeping up between wages and production.
@@BTrain-is8ch unfortunately, econ 101 doesn't get us all the way. supply/demand is based on rational actors and ceteris paribus, and greed is a corrupting psychological factor that leads companies with high market share to constrain supply to increase price. fairly well documented phenomenon.
See how she said "Overpaying what the market pays". I mean what do you classify as overpaying? Absolute no employee in the United States of America is overpaid. They use that phycology to keep you at the bare minimum and only care about their profits.
Typically, employers base a "Market Rate" on what the local county defines as the absolute minimum that they will pay for a given field. Every County in the US has this list and it is freely accessible to the public. Its been a while since I've accessed it but I believe its on the department of labor website. Meaning if the government doesn't raise the minimum rate for a given field employers have even less incentive to do so. This also means that your own merit has little to no effect on your ability to increase your worth.
Overpaying what the market pays. So as long as the other companies keep salaries low, the 'market' salaries should stay low. I think that is how we got here.
Not necessarily, some skilled work can be overpaid, but it’s strategic. If the cost of finding, training, and catching up new talent is high enough, an employer may pay above the going rate to keep turnover low.
6:37 she is so wrong. Inflation does not go down; the rate at which inflation goes up may decrease but inflation is always higher than the previous year.
Companies don't decide where you live or what you buy (let alone the prices things cost) is the biggest load of BS. Companies have far more power than we do as individuals. They could choose to pay their people more. But I am not surprised the tone or motives of this piece. "Here is why corporations should pay you less, brought to you by a corporation."
Companies sure do set the price that things cost! What the hell are you smoking? Corps are consolidating at an alarming rate and nearly all major industries border on monopoly. So yes, they do in fact set many prices and they also decide where many workers live when they decide to set up shop in localities where they are given major tax breaks and other incentives to do so.
Exactly. For most jobs living more than an hour commute away from the position's location is enough to get your application thrown out. This piece sounds more like pro corporate propaganda than anything else.
Let's just keep in mind that this is a video made by a corporation. While I and most people that see this video will feel like the whole thing is propaganda. That's because it is ,and is designed to help take a little of the blame off of corporations for price gouging the American people as much as they can. But this talking point has been used by the same people that tout the "trickle down" theory of economics for decades in America.
do you put any blame to the banks and goverments who litterally print and borrow as much as they want without any consquences or accountability? It's been 3 years and people are still not paying back their student loans... that causes infaltion too. Businesses aren't above the law, they're playing the cards the banks and govenment deal them.
@@jayroger7612 So I guess you never listen to or would ever believe a “consultant”. Pretty close-minded, huh? Guess they’re no good and never could be?
During the pandemic, I was potentially looking to switch careers because my current company gave me the opportunity to leave with a $22K severance package. While searching for jobs in Florida, I noticed the vast majority of them paid around $14-$18 per hour. I would've had to take a pay cut of over $18/hr to accept the positions. But here's where it gets even more ridiculous...these jobs mostly required 5-10 years experience and a bachelor's degree. The highest paying job I found offered $45K-$50K salary, but required a Master's Degree. I laughed hysterically because that was literally more than a $15K pay cut to do 2x as much work & wouldn't even qualify for the job! How in the world do they expect people to take care of themselves & family with these insulting salaries? I decided to take my chances & stay put with the company. Now I'm making $15K more, but it doesn't feel like it thanks to greedy Uncle Sam & inflation. Btw, these think pieces by CNBC are almost always in favor in keeping the status quo.
Totally agree with you. Up until 20 years ago, the minimum wage has always been equivalent to an ounce of silver per hour, or 5 gallons of gasoline. That would make minimum wage to be at least $20/hour since silver is at $23 per ounce as i write this.
let me guess. you are in NYC or california and though the pay wouldve been 20% less the COL wouldve been half actually giving you a net gain. you mustve been looking at the wrong job listings too. look what roofers there make.
A worker at McDonald's in e.g. the Netherlands or Denmark gets USD 22 per hour on top of almost free healthcare and education, plus many payed holidays plus maternity leave, etc. etc.. Does that mean McDonald's doesn't make any money there? I don't think so.... 😀
The thing is not everyone works at McDonald's. Not to mention salaries are much higher in the US than the Netherlands or Denmark and this is without taking into account the insane taxes those countries have. If you're bottom 50% than those countries are better, but if you're top 50% the US is much better it depends where you are.
@@seanthe100 Salaries in the US are much higher than in the Netherlands or Denmark? Not at McDonald's I'm sure. But you must mean that people that don't have a big problem with inflation in the US have a much higher salary.
What you don't want to talk about is the 50% tax rate. Suddenly $22 is $11... But hey they get free healthcare. 🤷♂️. Nevermind it cost half of their income.
@@whyeven.1302 OK then what % increase is $16 from $1.45. cause i used a calculater. so maybe the calculator doesnt understand. or maybe you dont phuktard.
My employers have been gaslighting me and crying poor for 15 years. Fear of layoffs is always what they use to keep you from asking for raises. Have to switch instead.
Maybe instead of arguing for higher salaries, why don’t we crack down on corporate price gouging instead? CEO’s are literally bragging about jacking up prices even as their costs stabilize or even go down
Government subsidies and tax credits/cuts should roll back or be reduced on the contengient of compensation raises (relative to some benchmark). I believe companies need to make a profit, but there is a difference between profit seeker and exploitation. Such as posting a job at a lower salary grade but expecting work for a higher salary grade.
Everything keeps rising in prices but the salaries remain stagnant. Everyone better prepare themselves for recession 2023. I think stores better have tight security because when people can't afford to feed their families, things might get out of hand.
You are so right about next year, I am due to retire and I am very stressed about what comes in 2023. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it especially when you cant work anymore. it gets tougher by the day.
@@mitchel8329 I also own some passive assets on my own, I started in june, doing pretty good so far but could be much better in terms of returns. I just wish I was as smart as you, I would have a much better budget for my retirement savings by now.
@@mitchel8329 I think it's especially difficult for newbies doing it all alone. I wouldn't mind looking up your advisor please, I've been looking into hiring one as well.
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $80,000 savings to turn to dust
Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it. Money is hard to come by
Avoid too-good-to-be-true scam schemes. Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@@baileymclean8186 Absolutely, Fiduciary-counselor have exclusive information and data paths that are not disclosed to the public.. I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor "JILL MARIE CARROLL". Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@Stanley Edwin Marie covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
I read that the reason the tech companies let ppl go is not because they were overpaid but because they over hired when it was cheaper to borrow money. So now with the increased rates, they’re hemorrhaging financially. Also ppl did get pay cuts, if your salaried and your company asks you to work more hours than usual, that’s a pay cut. If the industry average is too low for the cost of living for the area, how does that not hurt productivity and retention? if the employees are more concerned on their inability to live where the business is located, they’re not focused on the job at hand and definitely focused on getting more money in their account. Lastly public sector workers wasn’t considered at all in this piece.
Factory workers in my area, in 1965 made about $2.30 an hour. Adjusted for inflation, modern factory workers should be making $27 an hour. In my area, you are lucky to find anyone hiring for more than $16. Funny how newer generations are called lazier, when they have to work twice as many hours to have nearly as much spending power as their grandparents when they were young.
The first half of piece is an absolute disaster because i had to stop watching as I just couldn’t keep watching this talk that paints big corporations as the good guys who are doing this to protect their workers. “How would you feel if they raise your salary but then have to cut it later?” I mean, how would you feel if you can’t afford basic needs and need to get a second or even third job? “Even 1% increase means hundreds of millions for a company.” But they often can afford it, vs low wage workers who can’t afford rent, food, childcare, medical care, etc. “They don’t want to overpay their staff.” They already do to their executives who are not only unaffected, but they earning more and more. “Worse they, if they have to lay people off?” Laying people off instead of cutting their overpaying on executives. That shows where their priorities are.
Unless you're wealthy in which case you pay taxes on Capital Gains which is between 15-20% as opposed to us working stiffs who can pay between 0-37% on working Income Taxes.
@@inorite4553 A lot wealthy if not all donate portions of their money to charities and companies what not to use it as a tax dodge. So instead of paying taxes they just write it off as a donation. But in doing so they also greatly benefit since since they own or have some control over these companies. So by donating they get something more valuable in return.
"They don't look at the cost of living." Well, there's your problem right there. We need to FORCE the issue. We need regulations force wages to be more in sync with the cost of living. What's even the point of working if it won't net you the things that you need to live a secure and comfortable life? These things need to be brought into balance for the stability and benefit of our entire economy.
Yeah, jumping jobs for 10% raise isn't sustainable for employers either. They have to pay to train you and make you productive and also spend money on replacing you when you leave. That's generally not sustainable. Also inflation isn't just being caused by supply disruptions. Part if it is companies raising prices in order to pad their profit margin to make more money. You can see it in the earnings reports for companies like Exxon, BP, Coca-cola, etc where they are earning record profit margins.
Really? So you're saying things that are plentiful have a lower price than say 2019?... How about 2012? .... This is just a argument you've been taught by people who like to steal your labor with inflation. The only excuse to create money faster than population growth is debt reduction. Ie government spending. This spending is 100% financed by the bottom 70%.
I urge everyone to switch jobs at the max, every 5 years. I’m in HR. Everyday I hire someone and pay them more than the person who has been in the role for 5,10,15 or 20 years. Why? How? Because the staring salaries keep going up faster than the 2% raise an employee gets every year.
I have $160k in a HYSA earning 4.6% p/a, but I'm worried about inflation. I want to invest in stocks to safeguard my nest egg. As a beginner, what's the safest approach?
A healthy portfolio needs three essentials: ETFs for diversification, cash-flow assets like dividend stocks, and leading tech stocks such as. While I can't provide personalized advice, consulting a reliable advisor is crucial for proper investment planning.
True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly $1m roi as of today. My best so far.
Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
This video mentioned that travel nurses won’t have job security, but they always will. Any individual working in healthcare (doctor, nurse, therapist, etc.) will have a job, even after a short contract. Healthcare field positions are always hiring at almost every facility throughout the United States. So the travel nurse example wasn’t the best.
Agreed. Our local healthcare systems all had to get rid of their policies stating they won’t rehire nurses who left to travel, because that’s how desperate this area is for them. There will always be jobs somewhere for nurses.
@@Solaniin even with housing cost, the need is so great for them in the healthcare fields. They're starting to compete for the available people by paying for their say and set them up somewhere near the hospitals.
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $150k stocks portfolio. How should I reallocate stocks in my portfolio to mitigate against a crash?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k. she is really good
I was recently through an investing nightmare during the crash in march 2021. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Workers, organize and refuse to work except for decent wages. Workers are due a 10,000% (100x) increase for our productivity. We'll take that in stages, some of it NOW.
@@bbharim Unions fall prey to corruption. Better to turn the companies into worker co-ops. That way all the incentives are aligned rather than conflicting, leading to greater efficiency and social harmony.
What also bothers me is the option of working remotely being revoked. I know a lot of people who are more efficient when working at home and their performance during the pandemic has actually increased. Yet and still, these employers want their employees to come into the office to work...? Bruh - as long as things are getting done and there are no complaints, what is the big deal on NOT allowing your workers to work remotely? Nah, y'all want to make things complicated. I'd imagine that allowing people to work from home will help with all these issues regarding traffic congestions and rising gas prices... and people wonder why so many employees from Google made a run for it. I don't know, maybe I'm just bugging
Maybe I missed it, but not a single mention of the continued growth of wealth inequality, corporate profits, stock buyback, automated trading, monopolization, etc., etc.? I dunno, might be a little important when attempting to form an equation. Remember: very little in economics is inviolable, and even less free from the warping of human desire. Don't let anyone fool you into thinking otherwise.
ESOPs won't make sense for us low wage earners. owning pennies of company stock doesn't give much of a sense of ownership for me to help the company grow. pay raises and immediate incentives, though, definitely would.
Idle money gets killed due to inflation. I'm in a privileged position to be able to save almost 65% of our net household income, placed it on safer investment . The key for us was not spending beyond our means. In this era you have to hold on to every dollar and make it count.
I'm fascinated with investing, as a single parent and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Don’t know what I’m not doing right
@@Curbalnk Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach
@@glenbert1396 I agree. Based on firsthand encounter with one JILL MARIE CARROLL , now i have 55k in a well diversified portfolio which has grown by 3x in the past 7 mnths with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
The naive view goes like this: if company A decides to not keep up with inflation, and company B decides to do so and as a result ends up paying more than company A, then people will move over to company B. It's then up to the workers to realise that the free market rules apply not only to the products they buy, but also for them, and move accordingly. This view however is naive, as it assumes a fair market, it assumes no cartels, it assumes business will play within the bounds of the law, and it assumes politicians will legislate fairly, none of which are true. Some solutions that have been tried in the past are unionising and strikes, which can be very effective. Solutions being tried now is people just deciding not to show up unless paid what they want. It's a struggle, it's always going to be a struggle, don't give up.
You start out with some lady saying that if I got a 4% raise and inflation is 9%, then its not true that my effective income was cut by 5%, when it absolutely is true that I'm being screwed. And who gets a raise? Ever? You work someplace until you can't afford to work there, then you find another job. This is reality in America!
Part of the negative perception is bc we see record profits from companies in short term windows that doesn't immediately mean wage hikes could still be supported. Don't get me wrong though, I absolutely think there's room in budgets to up base employee pay, reimbursements, or benefits.
"overpaying what the market pays" is not a thing lol. Everyone is part of the market. Sounds like corporations just are colluding to keep wages low. Lol no, getting a raise doesn't cause inflation, wages have not been keeping up with productivity gains over decades. We see record corporate profits today, so pay the workers fairly who actually create that value.
Why did this video not include the difference in salary of the c-suite to the regular employee? None of the tech layoffs had to happen. Some executives make more than 100x (not 100% but 100X) and don’t take pay cuts to save staff or give raises. It’s pretty insane. Also there are many companies that DO control where you live but paying you differently based on location(even if you work remotely).
When talking about a business always ask what side of the ledger they are talking about because when you talk money it can mean radically different things depending on the perspective. For example common sense cost saving measures could mean laying off half of your workforce and a worrying expense can mean increasing salaries.
11:11 This is the same sentiment that large corporations tried to peddle in the environmental movement. Stop shifting blame to individuals and let’s hold large corporations and our government accountable.
The excess in liquidity goes into inflating assets, creating an asset-rich income-poor phenomenon. Basically the excess in liquidity causes the inequality to widen, as inflation is directly and indirectly associated with asset price. A disproportionally large part of the inflation, a.k.a. nominal growth, went to inflating rich men's assets instead of increasing wages. Of course salaries can't keep up with this kind of inflation. Now, they want to use inflation as an excuse to not to increase your wage, as if you were the one who have been controlling it. It is sad that this late-stage-capitalism is dumping all these externalities onto you. This one sounds like a propaganda to me.
The major and primary problem is that households and businesses are competitors for dollars. The US government provides more help to big business than households and small business when it should be balancing the power evenly.
gotta say I enjoyed this as it made me think about factors I never considered before: namely that inflation fluctuates up and down rapidly, but that the Fed's ideal target of 2% increase on average from year to year (i.e., when averaged out over months or years) then that would make sense why employers may only offer a 1% to 2% raise. I really question though whether the idea of telling people to "constantly look for better opportunities" is a good solution though. It just seems ridiculous to me that we would tell someone who's been stuck in a job for more than a few years that maybe the best way to achieve upward mobility is to just seek out a new employer -- as if they may not have roots/anchors keeping them tied to a place. And usually the biggest anchor of them all might be not wanting to displace k-12 aged children if they like their school and community friends or not wanting to force one's spouse to change jobs either. Then again, it could just be that my own mother has been a federal employee for so long and my own father being unwilling to take risks and lose his unofficial perks gained through seniority that I never saw my parents change jobs as I grew up or them change jobs in the few years that they haven't had kids in the house. And that culture I feel has rubbed off on my too because I would prefer the idea of stability and security through one employer .... I hate applying for jobs as I find it really exhausting and I hate to think that the best way for me to grow my income is to hop around jobs every few years.... and yes, I have heard and known that that is just how millennials and younger generations have to look at jobs anymore.... but I can still lament that too.
What about corporate America gouging people? Profits are at an all time high and companies will always look for ways to keep certain workers pay artificially low. A lot of smoke and mirror tactics.
Companies used to look at 5 and 10 year plans now they only worry about quarter to quarter .....good companies invest in their employees most don't and it shows 😮
Last year in December I was working at the job I currently have and was attacked by a coworker without provocation. The owner of this particular company decided that I was guilty and refused to pay so I hired a lawyer and I proceeded to do Worker’s Comp. and it is taking a year to get this guy to agree to a very simple payout. Yet last year loan he made over $6.6 million and he couldn’t be bothered to actually give me a reasonable compensation for the injury that could’ve cost me my life. My biggest issue is that the people in control don’t care about the people who are the hands feet and voice of the business!
Even more tightening will come, increasing their view on the terminal rate, which they now see hitting 5.1% in May. In my own opinion we should let things play out. No facts in charts, all dips are massive buying opportunities. Soon these clowns will chase at the top and foam in
@@esnolgalves3344 Market trends are very hard to spot for anyone, the preconditions for a mild course of the recession are that no acute gas shortage situation arises, that no difficult COVID developments occur, and that the supply chains continue to stabilize gradually
You completely ignore one thing and I believe it is what really drives inflation. Capitalism rewards greed. On one end, you have employees that want more pay. On the other end, you have shareholders that want increased stock prices driven by increased profits. The system is unsustainable. That is why you have cyclical recessions and depressions.
Y'know... if employers gave wages that kept up with inflation, they wouldn't have as many workers leave thus reducing their costs to acquire new talent. Workers leaving the company raises costs for acquisition but also makes the company less efficient as previous team-specific knowledge is lost and ramp up time of new employees once they are acquired slows everyone down. Just compensate people fairly.
The question should have been " Why would stockholders' willing to succumbed to CEOs' demands whether underperforming or worse yet bringing the company into the dumpster fire sale?
If the average corporation of 1000 employees paid their employees fairly to adjust their inflation and cost of living, it would only effect 0.006% of their annual profits. So in otherwords, every excuse used in this video to not pay people more is absolute dogshit.
Profits soar & employers cook the books & still tell their employees they’re losing money so bonuses are a joke, and it allows for companies to pay nothing in salary increases.
So she is saying that wage increase with inflation is bad as companies may decrease wages in future. Its like saying enjoy what you have otherwise they may give you a peny and take a dollar in return. Basically saying keep getting poorer.
Because if salaries kept up then we wouldn’t need credit cards 💳. People would have to live within their means vs buying stuff you don’t need and paying for it in the future.
This lady over here saying companies don’t tell us where to live? Are you so out of touch you really had to say that?? They force us to be within a 30 min to 1 hour radius, what is this lady going on about lol 😂
Oh but the gigantic bonuses for the CEOs and other execs aren’t measured or reduced. All the mighty fiscal responsibility falls on making sure the rest of the employees get paid the min. You heard the lady everyone, it’s to us to change jobs. There is no loyalty.
The United States is grappling with the challenging combination of inflation and recession. An alarming aspect of this recession is the surge in consumer credit card debt. In April alone, credit card debt escalated by 20%, and rates have doubled within a year. Inflation has reached such heights that consumers are resorting to debt for essential life necessities. The signs of a collapse are evident, and the prospect of more layoffs looms. This is why I am considering entering the market now, anticipating a recovery in the economy. I am in the process of constructing a $600k portfolio. Do you have any recommendations for stocks in this scenario?
Focus on two primary goals. Firstly, prioritize your safety by understanding the opportune moments to sell stocks, aiming to minimize losses and maximize gains. Secondly, prepare to capitalize on market shifts. I recommend seeking advice from a Certified Financial Planner (CFP) or another professional to guide you in achieving these objectives.
A few years back, I recall being let go from Airbnb. Despite the setback, I persevered and shifted my focus. Presently, I'm at the helm of a health tech startup, and the returns from the market now match my annual six-figure salary within months. I've delegated the investment aspect, allowing me to concentrate on advancing my startup. It's a testament to the idea that every setback can be a hidden blessing.
May I inquire about the investment firm you're currently associated with? I had previously invested through Goldman, but their offerings did not align with my preferences.
I steer clear of using firms as wealth managers because their extensive bureaucracies often hinder favorable returns. Instead, I opt for individual wealth managers with established track records. You might want to explore a couple of them. Personally, I collaborate with Stacey Lee Decker.
Credit for asset inflation has to be limited to limit asset inflation. Credit should only be used for business. And business means real business not just the business of asset inflation like realty and landlording.
It’s all greed, you won’t have workers if you don’t offer enough. My employer is well understaffed and since we do 6x the work we should earn a lot more
This whole supply demand feels like BS, when demand goes down prices lower to a point. Then corporations decide whether they want to continue producing that item. If they can't make money on it anymore regardless of what the demand is it's gone.
If you still need this question answered then you need to take an economics class/course. Wages don’t go up with inflation because it would destroy the economy almost overnight.
America: salaries should never keep up with inflation Meanwhile in Europe: minimum wage increases at 1.5 times the rate of inflation to always ensure the lowest citizens lives are always improving 🤔
Yes, an little spoken flaw in our entire system is the refusal to make wages automatically increase alongside ACTUAL inflation. Some European countries have a commission that determines HOW MUCH wages increase every year due to inflation instead of making a huge national debate over whether it should be increased at all!
Every major raise I've gotten has come because I changed companies. Just pay people and they'll be loyal to you.
Exactly. I believe that people need to stop demanding wage increase and just up their skills and change jobs if they need more money.
Except employers don't care about loyalty, because that would require them to invest more money into their employees. Its cheaper for them to just offload the cost onto colleges to do the training for them ( or other employers) and cycle through employees.
You hit the nail on the coffin, changing employers does wonders to paystub, employee loyalty is a decade old BS, there are million companies out there if you have the right skill.
@@dominatorcda7180 I hardly believe that it's cheaper to have new employees coming in, older employees less reliant on other employees and experience is generally a virtue for your clients...
That’s why you gotta move on to move up
You forgot to include an important part. Many companies are reporting record profits, even after factoring cost increase from market conditions. They are raising the cost of product in general!
I’ve raised my rate of shoplifting too. Just doing my part yuh know.
Greed hasn’t increased - its a constant. The money supply has.
100%
Exactly
As they should. The purpose of a company is to make as much profit as possible - it has a fiduciary duty to its shareholders to do so.
It's because corporations have taken over most industries and don't really care about the individual worker, only their bottom line.
Planning to retire in 20 years? With rising inflation, the cost to maintain your current lifestyle could reach $2.6 million or more. The combination of high inflation, lower projected stock market returns, and stagnant wages makes securing an early retirement more challenging than ever
A good way to invest during a recession is by buying stocks in sectors like consumer staples, utilities, and healthcare, which usually stay strong. But it's important to consult a financial advisor before making these decisions.
These factors definitely play a part when I think about whether to invest in a stock. But I never make a purchase based solely on that. I always consult my financial advisor, who has helped me build a well-diversified portfolio worth $985k, which has seen tremendous growth.
Do you mind if I ask how you found this coach and used their service? I'm having trouble figuring out when to buy or sell.
Her name is 'Rebecca Nassar Dunne” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.
The salaries of CEOs are beating inflation. Profits are also beating inflation. Instead to paying to run propaganda to explain why regular workers should accept lower pay companies should use that money to pay employees. Good companies do.
So basically she just arguing that workers shouldn’t be raised because oh no the business may not be profitable later.
@@katie84 The companies shareholders are majority of the time old management people and stock brokers. Also, robin hood better, but that’s neither here nor there.
Manager 1: "What if I properly train my employees to do good work and they get better jobs and leave?"
Manager 2: "What if you don't and they stay?"
Yeah lol.
@@katie84 it would because the business would close and guess what ? Nobody will worry about pay with no job.
@@katie84 idc
Companies will pay you as little as they can get away with. It's up to each of us to fight for a fair wage. New York has required employers to publish pay ranges with jobs, thats a start towards leveling the playing field.
Then there’s FAANG, who pay you in stocks.
The market is the market. Period. You can't win because your medium of compensation is continually deprecating. The wealthy aren't paid in dollars and the fed under reports inflation
Or..... Join a union.
More stupidity. Why don't you start a business and allow your customers to dictate what their pay is. Or invest in rental property and allow renters to pay what they think is fair rent.
@@PhilMoskowitz I mean if those decisions were democratic as well then society would be better off.
Because CEOs wouldn't get their yearly million dollar bonuses if salaries and wages kept up with inflation. Upper classes need a feeder class to extract wealth from. There must be poverty in order for the rich to thrive time and time again.
You don't get it. Those CEOs aren't even paid in dollars. They are paid in assets. They don't want the deprecating dollar. This "greedy" business has nothing to do with anything. Do you think they could give you a 3% pay decrease every year and keep their employees? Of course not. It's the us government and the federal reserve that gives them the ability to do just that.
@@rymillar8126 yes, and to add to that just look at Federal Reserve policy and quantitative easing over the past 14 years or so. The money printing machine has always been aimed at asset holders even if the Fed wanted it to go to salaries and wages. Unintended consequences happen with every Fed policy.
There is much, much more to this than simple greed. That’s just the proximate cause, not the root cause.
“Lords of Easy Money” is a great book if you want a somber appraisal of how our monetary system is run, and how it affects the working class.
@@tnield9727 I'd say the mba and c level employment gives me pretty good insight into our monitary system. In 21 my assets increased 44% in 22% 16% despite my company had less profit. My assets didn't really change. The money value did. Nothing but money printing made my $500k worth $1m. I don't live in California. There's no shortage of property. It's a cost to build.... My stock didn't go up because the company made less money (this causes stock to go down generally).... Qe (which is money printing) did that. While I'm greatful enough to thank government. I know that's temporary and my children may not find themselves so fortunate. Infact most won't. By 2060 only the 1% will own property
Cringe post based on nothing
Well put
If salaries kept pace with inflation the rich wouldn't keep getting richer.
That's right. It's a tax. On the 99%
Yes they would just not as much
The only way to fix it. is to stop government from printing money to fund deficits
@@icemike1and they don't want that...
That’s a really hot take you’re putting out there. Don’t burn yourself.
For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?
@Zahair O'Brian Thats quite Impressive! can you share more info?
@Zahair O'Brian thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!
The Fed and Wall St created these problems in the first place with ZIRP.
1:03 that is absolutely not a misconception; the worker is indeed getting a pay decrease. C’mon CNBC!
They want us to hop, skip, amd jump for pennies and then eventually for free and they want us to thank em for it
It really depends, whats really happening is all the pay increases are going to the bottom 25% pay increased 11% for the bottom 25% much higher than inflation. Meanwhile the top 25% only saw increases of 2.5% much lower than inflation. Poorer people having more money drives inflation more than higher income individuals.
@@seanthe100 yes I have noticed this too; a bit odd that only the lower paying jobs are getting a more instep wage increase w/official core cpi than those making more than 100K
CNBC is 100% a tool of the corporations. You have to understand who they represent here.
they are right and wrong your wag is the same but the buying power is less.
So basically this a story about let your job continue to take advantage of you.
Because it immediately affects their level of living, people are impacted by inflation far more swiftly than they are by a stock or real estate market disaster. It is hardly surprising that market sentiment is as gloomy as it is right now. We are in desperate need of your help if we are to survive in this economy.
I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
It’s actually nonsense to not take into COL cost of living in the area the company is located. And the term “overpaying” kept being used in this video but interestingly enough CEOs are walking away with tremendous salary increases and record profits. Greed is a disease.
How is it nonsense?
Companies want the highest profits, meaning largest revenue and lowest expenses, possible.
Everyone seeks after their own best interest, resulting in the best overall outcomes for all.
If you think it's greedy for companies to do this, then the same applies to employees, and consumers as well.
Do you count employees as greedy if they don't volunteer and take on extra responsibilities without extra pay?
Do you count consumers as greedy for seeking lower prices?
No, these all interact to balance one another.
Companies want to offer the lowest compensation for the greatest labor. Employees want the highest compensation for the least labor required.
Companies want to charge the highest prices to consumers, as well. But, consumers seek the lowest prices for the highest quality possible.
Nothing is limitless. Labor is limited, compensation is limited, prices are limited, and quality is limited.
The trick is reaching those limits, or getting as close as possible.
We want good compensation for a good amount of labor. We want good quality for reasonable prices
By the way, about CEO's getting huge salary increases. That is because their work has resulted in huge profits for the company.
If you want their salary, become a CEO yourself and contribute as much to the success of a company.
You don't get a CEO salary on McDonald's cashier labor.
If you want more pay, as any employee should want, you need to offer more on your side of the equation.
Seek better paying positions, better paying companies, more responsibility, more experience, more education, etc.
The more value you contribute as an employee, the more compensation you can expect from an employer.
@@johnc1014 Not exactly. Hard work, dedication, and loyalty doesn't always get rewarded or noticed. Even if it were your boss may reward with doing more work with probably no extra compensation. Basically loyal and hard working employees a lot of time get exploited by their bosses. But yes, there may be rare occasions where loyal and hard working employees get the compensation they earn and probably more than that. I heard stories from people on UA-cam comments, and Reddit who've experienced stuff like this happen to them. Its sad.
@@theintrovertedaspie9095 Ok, I never said anything about loyalty.
I said to seek opportunities that require more responsibility and, thus, also pay more.
Seek them both with your current employer and with other employers.
Gain experience and a high degree of proficiency in your craft so that you are competitive and can demand a higher wage for your labor.
Gain additional education if that helps in your field; or that may help you change to a better career path.
My point is that you shouldn't expect to be paid any more if you don't offer any more on your end of the deal.
If you're being "exploited" by your boss, then find a different boss. Why are you working for a boss that exploits your time? This is a voluntary transaction of time/labor for wages/benefits.
If you don't agree to the terms, then terminate the transaction.
@@johnc1014 You saying, “everyone seeks after their own best interest, resulting in the best overall outcomes for all” is so narcissistic and exactly why the income disparity is where it is lol. It’s that kind of selfish and myopic thinking that breaks the moral fabric of societies.
@@jimbo4187 Actually, it's the complete disregard of this basic incentive structure that has led to so much poverty and misery in so many socialist countries.
Meanwhile, capitalism harnesses this basic human self-interest to produce so much good and lift so many people out of poverty around the world.
Here's the thing: like it or not, people want money. You mention "income disparity," so you obviously understand that a higher income is better than a lower income.
Well, you don't get that from nothing. You much provide something of value to someone else in exchange for said income.
A kid can offer to mow the neighbor's lawn for $20. If the neighbor agrees and the job is done, that transaction takes place.
The kid gets $20 and the neighbor gets a mowed lawn. This is basic exchange of value.
Both are seeking their own self-interest.
Now, say the kid decides to start a lawn mowing business to make a lot more money. He can hire friends to mow lawns and pay them a wage to do this.
Again, there's exchange of labor for a wage, exchange of value; everyone seeking their own self-interest.
The kid has more responsibility to buy equipment, pay workers, gain new customers, and ensure clients are kept happy and return as repeat customers.
So, he gets the remaining profit after all expenses are met.
Of course, if expenses become too high or revenue becomes too low, then the business no longer makes sense. And, that's where he goes out of business.
A major cause for lost revenue is when others start competing businesses to do the same. If they can find way to do it cheaper, and offer lower prices, then naturally customers will go to the cheaper business. But, if you get too cheap and quality declines, then you can also loose customers because a decent quality level still needs to be met.
So, going back to my statement: everyone seeks after their own best interest.
Workers seek the highest compensation for their labor.
Businesses seek the lowest costs and highest revenue to produce the greatest profits.
Customers seek the highest quality at the lowest prices.
These competing interests balance one another out to result in the best overall outcomes.
Of course, government tends to come in a manipulate this, creating bad incentives and distorted view of market conditions.
This is why I'm a big advocate of a total free market. In a free market, you have no well-intentioned government policies corrupting this well-oiled system.
Now, let me go back to "income disparity." That is largely due to some people producing significantly more value than others.
Elon Musk started Tesla and SpaceX. Bill Gates started Microsoft. There's Apple, Walmart, McDonald's, and so many other companies that provide so many consumer goods.
If you don't have a company like that then don't expect to have the same income as these people.
The way to wealth is through providing the most amount of value to others.
Businesses provide goods/services that consumers voluntarily exchange money for.
Employees exchange their time/effort for wages/benefits.
Customers exchange their money for goods/services.
As an employee, if you want more compensation, you need to offer more on your end. Increase your experience, job skills, education, etc in your chosen profession. Find the positions that require the most responsibility and effort on your part, whether they are at your current company or another.
Perhaps you need to switch to a different company or different profession all together.
This is how you grow your income.
Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 10%.
I know what I want to do now that the market is in decline, but I'm not sure which stocks to buy, which investments would generate the best returns, etc. Due to the risk, the possible benefit is larger, and experts are better at drafting such precise contracts.
In fact, despite having no prior expertise or understanding when I began investing in 2018, I had achieved a profit of over $750k by the end of 2019. I had just followed the recommendations of my financial advisor. This indicates that all you actually need is a professional to help you; you don't even need to be a great investor or put in a lot of effort.
I encountered Julie Anne Hoover through a CNBC interview, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested. You can hunt her up online if you require care supervision.
@@danieljackson87 Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
Let's not forget certain companies stating outright that they were going to hide price increases in inflation fears.
Whisper said companies don't tell us where to live and what to buy, I'm sorry what? Historically, if you work for a company you have to live where the position is located. Meaning you have to purchase shelter, transportation and utilities in that location. So they do tell us where to live and to a certain extent, what to buy.
Why do we just accept that increased demand leads to higher prices? If demand increases and all other factors stays the same, prices are only increasing because the price setter knows they can extract more value for the same goods. That's greed...
I don't suppose you've looked at the housing or auto markets over the past two or three years have you?
In competitive markets the highest bidder wins. Prices increase when demand increases beyond supply because there's always someone willing to pay more than you for that good/service.
I mean increasing production costs money, but agreed (especially when producing benefits from economies of scale). The price fixing goes beyond increases in cost in the name of greed
It does temporarily. Makers of goods will keep up with increased demand by allocating more machinery and labor for production. However, this is offset by the higher wages. It's just a matter of keeping up between wages and production.
@@BTrain-is8ch unfortunately, econ 101 doesn't get us all the way. supply/demand is based on rational actors and ceteris paribus, and greed is a corrupting psychological factor that leads companies with high market share to constrain supply to increase price. fairly well documented phenomenon.
The money supply has not stayed the same.
See how she said "Overpaying what the market pays". I mean what do you classify as overpaying? Absolute no employee in the United States of America is overpaid. They use that phycology to keep you at the bare minimum and only care about their profits.
But you refuse to stop printing money and wonder why inflation is high. We talked about this last year smh.
Typically, employers base a "Market Rate" on what the local county defines as the absolute minimum that they will pay for a given field. Every County in the US has this list and it is freely accessible to the public. Its been a while since I've accessed it but I believe its on the department of labor website. Meaning if the government doesn't raise the minimum rate for a given field employers have even less incentive to do so. This also means that your own merit has little to no effect on your ability to increase your worth.
Overpaying what the market pays. So as long as the other companies keep salaries low, the 'market' salaries should stay low. I think that is how we got here.
Not necessarily, some skilled work can be overpaid, but it’s strategic. If the cost of finding, training, and catching up new talent is high enough, an employer may pay above the going rate to keep turnover low.
Totally agree, although some people are definitely overpaid compare to what their job requires, but that might represent 1-5% of the population
6:37 she is so wrong. Inflation does not go down; the rate at which inflation goes up may decrease but inflation is always higher than the previous year.
So did it not go from 9 % to 4 in a year?
@@novadhdThe point being that prices won't drop, - they just go up slower.
Companies don't decide where you live or what you buy (let alone the prices things cost) is the biggest load of BS. Companies have far more power than we do as individuals. They could choose to pay their people more. But I am not surprised the tone or motives of this piece. "Here is why corporations should pay you less, brought to you by a corporation."
Companies sure do set the price that things cost! What the hell are you smoking? Corps are consolidating at an alarming rate and nearly all major industries border on monopoly. So yes, they do in fact set many prices and they also decide where many workers live when they decide to set up shop in localities where they are given major tax breaks and other incentives to do so.
Exactly. For most jobs living more than an hour commute away from the position's location is enough to get your application thrown out. This piece sounds more like pro corporate propaganda than anything else.
The truth is salaries of executives always outpace inflation but workers at the bottom of corporate ladder never does
Let's just keep in mind that this is a video made by a corporation. While I and most people that see this video will feel like the whole thing is propaganda. That's because it is ,and is designed to help take a little of the blame off of corporations for price gouging the American people as much as they can. But this talking point has been used by the same people that tout the "trickle down" theory of economics for decades in America.
do you put any blame to the banks and goverments who litterally print and borrow as much as they want without any consquences or accountability?
It's been 3 years and people are still not paying back their student loans... that causes infaltion too.
Businesses aren't above the law, they're playing the cards the banks and govenment deal them.
Truly, every time i see that consultant i know its gonna be a corporate propaganda video
Literally nothing Mrs. Wisper has said makes sense. I mean, maybe it makes sense when you’re trying to shortchange employees…l
@@jayroger7612 So I guess you never listen to or would ever believe a “consultant”. Pretty close-minded, huh? Guess they’re no good and never could be?
And there you have it
During the pandemic, I was potentially looking to switch careers because my current company gave me the opportunity to leave with a $22K severance package.
While searching for jobs in Florida, I noticed the vast majority of them paid around $14-$18 per hour. I would've had to take a pay cut of over $18/hr to accept the positions. But here's where it gets even more ridiculous...these jobs mostly required 5-10 years experience and a bachelor's degree. The highest paying job I found offered $45K-$50K salary, but required a Master's Degree. I laughed hysterically because that was literally more than a $15K pay cut to do 2x as much work & wouldn't even qualify for the job!
How in the world do they expect people to take care of themselves & family with these insulting salaries? I decided to take my chances & stay put with the company. Now I'm making $15K more, but it doesn't feel like it thanks to greedy Uncle Sam & inflation.
Btw, these think pieces by CNBC are almost always in favor in keeping the status quo.
Do you know the income to cost of living ratio? That matters more than your salary. Were you moving somewhere with a lower or higher cost of living?
Totally agree with you. Up until 20 years ago, the minimum wage has always been equivalent to an ounce of silver per hour, or 5 gallons of gasoline. That would make minimum wage to be at least $20/hour since silver is at $23 per ounce as i write this.
let me guess. you are in NYC or california and though the pay wouldve been 20% less the COL wouldve been half actually giving you a net gain.
you mustve been looking at the wrong job listings too. look what roofers there make.
A worker at McDonald's in e.g. the Netherlands or Denmark gets USD 22 per hour on top of almost free healthcare and education, plus many payed holidays plus maternity leave, etc. etc.. Does that mean McDonald's doesn't make any money there? I don't think so.... 😀
The thing is not everyone works at McDonald's. Not to mention salaries are much higher in the US than the Netherlands or Denmark and this is without taking into account the insane taxes those countries have. If you're bottom 50% than those countries are better, but if you're top 50% the US is much better it depends where you are.
@@seanthe100 Salaries in the US are much higher than in the Netherlands or Denmark? Not at McDonald's I'm sure. But you must mean that people that don't have a big problem with inflation in the US have a much higher salary.
@@CrownRider I just mean across all professions there's 200 million workers in the US
What you don't want to talk about is the 50% tax rate. Suddenly $22 is $11... But hey they get free healthcare. 🤷♂️. Nevermind it cost half of their income.
11$ you have 50% taxe rate don't forget stop with you free propaganda.typical european.
Since the 70s CEO pay has risen by 1,460% while employee pay has gone up 18%…. HOW IS THAT POSSIBLE
Corporate greed. The real question is why should it be allowed?
since 1970 min wage was increased 1000% kinda defeats your argument. even assuming your # is true.
i mean employee pay is up 18% last 5 years. where i work its up 50% last 4 years
@@SgtJoeSmith bruh you don’t even understand how percentages work 😭
@@whyeven.1302 OK then what % increase is $16 from $1.45. cause i used a calculater. so maybe the calculator doesnt understand. or maybe you dont phuktard.
My employers have been gaslighting me and crying poor for 15 years. Fear of layoffs is always what they use to keep you from asking for raises. Have to switch instead.
Commission is the way.
Wait, salaries shouldn't keep up with inflation? So then everyone gets poorer
Working 6 days a week 9-10 hours per day salary still not enough.....
How much u r making?
The rent is too damn high in my Jimmy McMillan voice
Not really. It is pretty cheap
im a landlord and i dont agree
@@YourMom-vl2sp that's not what your mom said last night
@@YourMom-vl2sp I'm assuming you don't live in Silicon Valley.
@@Misaka-gt5yj or Planet Earth
Maybe instead of arguing for higher salaries, why don’t we crack down on corporate price gouging instead? CEO’s are literally bragging about jacking up prices even as their costs stabilize or even go down
Government subsidies and tax credits/cuts should roll back or be reduced on the contengient of compensation raises (relative to some benchmark). I believe companies need to make a profit, but there is a difference between profit seeker and exploitation. Such as posting a job at a lower salary grade but expecting work for a higher salary grade.
Let's just ignore the fact that 54% of all inflation since the pandemic has been due to nothing more than CORPORATE GREED.
Everything keeps rising in prices but the salaries remain stagnant. Everyone better prepare themselves for recession 2023. I think stores better have tight security because when people can't afford to feed their families, things might get out of hand.
it's all cyclical, remember that. During times of high interest rates, everything is more expensive and companies often scale back.
You are so right about next year, I am due to retire and I am very stressed about what comes in 2023. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it especially when you cant work anymore. it gets tougher by the day.
@@mitchel8329 I also own some passive assets on my own, I started in june, doing pretty good so far but could be much better in terms of returns. I just wish I was as smart as you, I would have a much better budget for my retirement savings by now.
@@mitchel8329 I think it's especially difficult for newbies doing it all alone. I wouldn't mind looking up your advisor please, I've been looking into hiring one as well.
@@mitchel8329 I searched with his name on the web and came across his site, quite impressive. Thanks a bunch for sharing this.
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $80,000 savings to turn to dust
Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it. Money is hard to come by
Avoid too-good-to-be-true scam schemes. Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@@baileymclean8186 Absolutely, Fiduciary-counselor have exclusive information and data paths that are not disclosed to the public.. I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor "JILL MARIE CARROLL". Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@Stanley Edwin Marie covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Cuz we don’t learn lol
Corporate greed. Saved you 13 minutes
Look at the fear managers feel at the idea of workers getting paid. Doubt the same fear applies to their own salary.
I read that the reason the tech companies let ppl go is not because they were overpaid but because they over hired when it was cheaper to borrow money. So now with the increased rates, they’re hemorrhaging financially. Also ppl did get pay cuts, if your salaried and your company asks you to work more hours than usual, that’s a pay cut.
If the industry average is too low for the cost of living for the area, how does that not hurt productivity and retention? if the employees are more concerned on their inability to live where the business is located, they’re not focused on the job at hand and definitely focused on getting more money in their account.
Lastly public sector workers wasn’t considered at all in this piece.
Factory workers in my area, in 1965 made about $2.30 an hour. Adjusted for inflation, modern factory workers should be making $27 an hour.
In my area, you are lucky to find anyone hiring for more than $16. Funny how newer generations are called lazier, when they have to work twice as many hours to have nearly as much spending power as their grandparents when they were young.
The first half of piece is an absolute disaster because i had to stop watching as I just couldn’t keep watching this talk that paints big corporations as the good guys who are doing this to protect their workers.
“How would you feel if they raise your salary but then have to cut it later?”
I mean, how would you feel if you can’t afford basic needs and need to get a second or even third job?
“Even 1% increase means hundreds of millions for a company.”
But they often can afford it, vs low wage workers who can’t afford rent, food, childcare, medical care, etc.
“They don’t want to overpay their staff.”
They already do to their executives who are not only unaffected, but they earning more and more.
“Worse they, if they have to lay people off?”
Laying people off instead of cutting their overpaying on executives. That shows where their priorities are.
Perpetual Indentured servitude! Yeah, that’s the way they like it! ☹️
What people dont factor in is that the wage increase doesnt include tax
In reality youre losing 30-50% of that increase
Unless you're wealthy in which case you pay taxes on Capital Gains which is between 15-20% as opposed to us working stiffs who can pay between 0-37% on working Income Taxes.
@@inorite4553 A lot wealthy if not all donate portions of their money to charities and companies what not to use it as a tax dodge. So instead of paying taxes they just write it off as a donation. But in doing so they also greatly benefit since since they own or have some control over these companies. So by donating they get something more valuable in return.
"They don't look at the cost of living." Well, there's your problem right there. We need to FORCE the issue. We need regulations force wages to be more in sync with the cost of living. What's even the point of working if it won't net you the things that you need to live a secure and comfortable life? These things need to be brought into balance for the stability and benefit of our entire economy.
Yeah, jumping jobs for 10% raise isn't sustainable for employers either. They have to pay to train you and make you productive and also spend money on replacing you when you leave. That's generally not sustainable.
Also inflation isn't just being caused by supply disruptions. Part if it is companies raising prices in order to pad their profit margin to make more money. You can see it in the earnings reports for companies like Exxon, BP, Coca-cola, etc where they are earning record profit margins.
Really? So you're saying things that are plentiful have a lower price than say 2019?... How about 2012? .... This is just a argument you've been taught by people who like to steal your labor with inflation. The only excuse to create money faster than population growth is debt reduction. Ie government spending. This spending is 100% financed by the bottom 70%.
I urge everyone to switch jobs at the max, every 5 years. I’m in HR. Everyday I hire someone and pay them more than the person who has been in the role for 5,10,15 or 20 years. Why? How? Because the staring salaries keep going up faster than the 2% raise an employee gets every year.
@@rocsib9551 absolutely amen ... But there'd be no need if we stopped printing money to finance government and finance it with taxes
Companies don't care about retraining employees through them in the gutter and go find another
@@rocsib9551 ridiculous but true
I have $160k in a HYSA earning 4.6% p/a, but I'm worried about inflation. I want to invest in stocks to safeguard my nest egg. As a beginner, what's the safest approach?
A healthy portfolio needs three essentials: ETFs for diversification, cash-flow assets like dividend stocks, and leading tech stocks such as. While I can't provide personalized advice, consulting a reliable advisor is crucial for proper investment planning.
True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly $1m roi as of today. My best so far.
Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
"Melissa Elise Robinson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
This video mentioned that travel nurses won’t have job security, but they always will. Any individual working in healthcare (doctor, nurse, therapist, etc.) will have a job, even after a short contract. Healthcare field positions are always hiring at almost every facility throughout the United States. So the travel nurse example wasn’t the best.
Housing costs for travel nursing is terrible. The pay is higher, yes, but it's not all rainbows and ice cream.
@@Solaniin Yes, I agree! It's super expensive. But, most healthcare workers will always have some sort of job security.
Agreed. Our local healthcare systems all had to get rid of their policies stating they won’t rehire nurses who left to travel, because that’s how desperate this area is for them. There will always be jobs somewhere for nurses.
@@Solaniin even with housing cost, the need is so great for them in the healthcare fields. They're starting to compete for the available people by paying for their say and set them up somewhere near the hospitals.
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $150k stocks portfolio. How should I reallocate stocks in my portfolio to mitigate against a crash?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k. she is really good
I was recently through an investing nightmare during the crash in march 2021. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
This is just capitalism
It’s not capitalism. Monopolies shouldn’t exist in capitalism. But corrupt politicians get paid more by monopolies vs a mom and pop shop.
Workers, organize and refuse to work except for decent wages. Workers are due a 10,000% (100x) increase for our productivity. We'll take that in stages, some of it NOW.
@@bbharim Unions fall prey to corruption. Better to turn the companies into worker co-ops. That way all the incentives are aligned rather than conflicting, leading to greater efficiency and social harmony.
Capitalism shouldn't mean greed
Unregulated Capitalism.
What also bothers me is the option of working remotely being revoked. I know a lot of people who are more efficient when working at home and their performance during the pandemic has actually increased. Yet and still, these employers want their employees to come into the office to work...? Bruh - as long as things are getting done and there are no complaints, what is the big deal on NOT allowing your workers to work remotely? Nah, y'all want to make things complicated. I'd imagine that allowing people to work from home will help with all these issues regarding traffic congestions and rising gas prices... and people wonder why so many employees from Google made a run for it. I don't know, maybe I'm just bugging
Note that CPI is very much a manipulated index! Real inflation(housing, food, utilities) is typically much higher than the 9ish% reported
Maybe I missed it, but not a single mention of the continued growth of wealth inequality, corporate profits, stock buyback, automated trading, monopolization, etc., etc.? I dunno, might be a little important when attempting to form an equation. Remember: very little in economics is inviolable, and even less free from the warping of human desire. Don't let anyone fool you into thinking otherwise.
ESOPs are a good way to increase employee compensation. Gotta love a 100% employee owned company. I think that’s the future
ESOPs won't make sense for us low wage earners. owning pennies of company stock doesn't give much of a sense of ownership for me to help the company grow. pay raises and immediate incentives, though, definitely would.
Idle money gets killed due to inflation. I'm in a privileged position to be able to save almost 65% of our net household income, placed it on safer investment . The key for us was not spending beyond our means. In this era you have to hold on to every dollar and make it count.
I'm fascinated with investing, as a single parent and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Don’t know what I’m not doing right
@@Curbalnk Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach
@@svengrot7943 I’ve actually been looking into advisors lately, I could really use some guide, but are they really that effective though?
@@glenbert1396 I agree. Based on firsthand encounter with one JILL MARIE CARROLL , now i have 55k in a well diversified portfolio which has grown by 3x in the past 7 mnths with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
@@louisairvin3052 Interesting, I curiously searched her full name on my web browser and I came across her site thankfully. She looks impeccable.
The naive view goes like this: if company A decides to not keep up with inflation, and company B decides to do so and as a result ends up paying more than company A, then people will move over to company B. It's then up to the workers to realise that the free market rules apply not only to the products they buy, but also for them, and move accordingly. This view however is naive, as it assumes a fair market, it assumes no cartels, it assumes business will play within the bounds of the law, and it assumes politicians will legislate fairly, none of which are true. Some solutions that have been tried in the past are unionising and strikes, which can be very effective. Solutions being tried now is people just deciding not to show up unless paid what they want. It's a struggle, it's always going to be a struggle, don't give up.
You start out with some lady saying that if I got a 4% raise and inflation is 9%, then its not true that my effective income was cut by 5%, when it absolutely is true that I'm being screwed. And who gets a raise? Ever? You work someplace until you can't afford to work there, then you find another job. This is reality in America!
Ceo's make 200 percent more salary than other workers at their company. That's a start for the reason why.
Part of the negative perception is bc we see record profits from companies in short term windows that doesn't immediately mean wage hikes could still be supported. Don't get me wrong though, I absolutely think there's room in budgets to up base employee pay, reimbursements, or benefits.
"overpaying what the market pays" is not a thing lol. Everyone is part of the market. Sounds like corporations just are colluding to keep wages low. Lol no, getting a raise doesn't cause inflation, wages have not been keeping up with productivity gains over decades. We see record corporate profits today, so pay the workers fairly who actually create that value.
Why did this video not include the difference in salary of the c-suite to the regular employee? None of the tech layoffs had to happen. Some executives make more than 100x (not 100% but 100X) and don’t take pay cuts to save staff or give raises. It’s pretty insane. Also there are many companies that DO control where you live but paying you differently based on location(even if you work remotely).
The focus needs to be at the top .1%. That's where the disparity is greatest.
This piece used a lot of time avoiding using the one true reason behind all of this:
Greed.
When talking about a business always ask what side of the ledger they are talking about because when you talk money it can mean radically different things depending on the perspective. For example common sense cost saving measures could mean laying off half of your workforce and a worrying expense can mean increasing salaries.
11:11 This is the same sentiment that large corporations tried to peddle in the environmental movement. Stop shifting blame to individuals and let’s hold large corporations and our government accountable.
The excess in liquidity goes into inflating assets, creating an asset-rich income-poor phenomenon. Basically the excess in liquidity causes the inequality to widen, as inflation is directly and indirectly associated with asset price. A disproportionally large part of the inflation, a.k.a. nominal growth, went to inflating rich men's assets instead of increasing wages. Of course salaries can't keep up with this kind of inflation. Now, they want to use inflation as an excuse to not to increase your wage, as if you were the one who have been controlling it. It is sad that this late-stage-capitalism is dumping all these externalities onto you. This one sounds like a propaganda to me.
The major and primary problem is that households and businesses are competitors for dollars. The US government provides more help to big business than households and small business when it should be balancing the power evenly.
The craziest thing is people keep having kids when they not making anymore than they did with the last kid.
gotta say I enjoyed this as it made me think about factors I never considered before: namely that inflation fluctuates up and down rapidly, but that the Fed's ideal target of 2% increase on average from year to year (i.e., when averaged out over months or years) then that would make sense why employers may only offer a 1% to 2% raise.
I really question though whether the idea of telling people to "constantly look for better opportunities" is a good solution though. It just seems ridiculous to me that we would tell someone who's been stuck in a job for more than a few years that maybe the best way to achieve upward mobility is to just seek out a new employer -- as if they may not have roots/anchors keeping them tied to a place. And usually the biggest anchor of them all might be not wanting to displace k-12 aged children if they like their school and community friends or not wanting to force one's spouse to change jobs either.
Then again, it could just be that my own mother has been a federal employee for so long and my own father being unwilling to take risks and lose his unofficial perks gained through seniority that I never saw my parents change jobs as I grew up or them change jobs in the few years that they haven't had kids in the house. And that culture I feel has rubbed off on my too because I would prefer the idea of stability and security through one employer .... I hate applying for jobs as I find it really exhausting and I hate to think that the best way for me to grow my income is to hop around jobs every few years.... and yes, I have heard and known that that is just how millennials and younger generations have to look at jobs anymore.... but I can still lament that too.
The thing is... the one who will get a significantly higher bonuses are the higher ups, and that's just sad :(
I'm really not a cynic but I can answer its simply Corporate Greed
We have deflation before covid. Were the corporations being generous? Do people really not study basic economics in high school?
What about corporate America gouging people? Profits are at an all time high and companies will always look for ways to keep certain workers pay artificially low. A lot of smoke and mirror tactics.
Companies used to look at 5 and 10 year plans now they only worry about quarter to quarter .....good companies invest in their employees most don't and it shows 😮
"NO job security" for the travel nurse... lol good one.
I work at my local hospital and I laughed so hard at that. Yeah.... lol 😆 🤣 they definitely have no clue.
Also to counter the "no benefits for travel nurse", who needs to pay for benefits if they are already healthy?
Travel nurses is the way to go. A lady showed how she became a millionaire from travel nurses and teaching people how to do it.
Exactly my pay is $250k as a travel nurse in California
Yeah all you need a nursing degree but college is a lot more expensive.
Last year in December I was working at the job I currently have and was attacked by a coworker without provocation. The owner of this particular company decided that I was guilty and refused to pay so I hired a lawyer and I proceeded to do Worker’s Comp. and it is taking a year to get this guy to agree to a very simple payout. Yet last year loan he made over $6.6 million and he couldn’t be bothered to actually give me a reasonable compensation for the injury that could’ve cost me my life.
My biggest issue is that the people in control don’t care about the people who are the hands feet and voice of the business!
Even more tightening will come, increasing their view on the terminal rate, which they now see hitting 5.1% in May. In my own opinion we should let things play out. No facts in charts, all dips are massive buying opportunities. Soon these clowns will chase at the top and foam in
Things are going to cost more and we have to accept that there is not some secret way to get around that high inflation
@georgiabear6832 We are pretty consistent on how much they expect to spend on holiday shopping
How high those rates need to be will depend on how the economy and inflation evolve?
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@@esnolgalves3344 Market trends are very hard to spot for anyone, the preconditions for a mild course of the recession are that no acute gas shortage situation arises, that no difficult COVID developments occur, and that the supply chains continue to stabilize gradually
You completely ignore one thing and I believe it is what really drives inflation. Capitalism rewards greed. On one end, you have employees that want more pay. On the other end, you have shareholders that want increased stock prices driven by increased profits. The system is unsustainable. That is why you have cyclical recessions and depressions.
Y'know... if employers gave wages that kept up with inflation, they wouldn't have as many workers leave thus reducing their costs to acquire new talent. Workers leaving the company raises costs for acquisition but also makes the company less efficient as previous team-specific knowledge is lost and ramp up time of new employees once they are acquired slows everyone down. Just compensate people fairly.
The question should have been " Why would stockholders' willing to succumbed to CEOs' demands whether underperforming or worse yet bringing the company into the dumpster fire sale?
So we get 1% raises and still see 5+% inflation …
It's a well documented fact that real wage growth has been virtually stagnant for 40+ years. But yeah tell us why higher wages is bad for us.
One simple reason.. corporate greed.
If the average corporation of 1000 employees paid their employees fairly to adjust their inflation and cost of living, it would only effect 0.006% of their annual profits. So in otherwords, every excuse used in this video to not pay people more is absolute dogshit.
Profits soar & employers cook the books & still tell their employees they’re losing money so bonuses are a joke, and it allows for companies to pay nothing in salary increases.
So she is saying that wage increase with inflation is bad as companies may decrease wages in future. Its like saying enjoy what you have otherwise they may give you a peny and take a dollar in return.
Basically saying keep getting poorer.
Because if salaries kept up then we wouldn’t need credit cards 💳. People would have to live within their means vs buying stuff you don’t need and paying for it in the future.
This lady over here saying companies don’t tell us where to live? Are you so out of touch you really had to say that?? They force us to be within a 30 min to 1 hour radius, what is this lady going on about lol 😂
Oh but the gigantic bonuses for the CEOs and other execs aren’t measured or reduced. All the mighty fiscal responsibility falls on making sure the rest of the employees get paid the min. You heard the lady everyone, it’s to us to change jobs. There is no loyalty.
It’s so bad right now. I get one bag of groceries for like 100 bucks I can’t 😅
Got it. So protect shareholders, and the C suite.
The United States is grappling with the challenging combination of inflation and recession. An alarming aspect of this recession is the surge in consumer credit card debt. In April alone, credit card debt escalated by 20%, and rates have doubled within a year. Inflation has reached such heights that consumers are resorting to debt for essential life necessities. The signs of a collapse are evident, and the prospect of more layoffs looms. This is why I am considering entering the market now, anticipating a recovery in the economy. I am in the process of constructing a $600k portfolio. Do you have any recommendations for stocks in this scenario?
Focus on two primary goals. Firstly, prioritize your safety by understanding the opportune moments to sell stocks, aiming to minimize losses and maximize gains. Secondly, prepare to capitalize on market shifts. I recommend seeking advice from a Certified Financial Planner (CFP) or another professional to guide you in achieving these objectives.
A few years back, I recall being let go from Airbnb. Despite the setback, I persevered and shifted my focus. Presently, I'm at the helm of a health tech startup, and the returns from the market now match my annual six-figure salary within months. I've delegated the investment aspect, allowing me to concentrate on advancing my startup. It's a testament to the idea that every setback can be a hidden blessing.
May I inquire about the investment firm you're currently associated with? I had previously invested through Goldman, but their offerings did not align with my preferences.
I steer clear of using firms as wealth managers because their extensive bureaucracies often hinder favorable returns. Instead, I opt for individual wealth managers with established track records. You might want to explore a couple of them. Personally, I collaborate with Stacey Lee Decker.
Credit for asset inflation has to be limited to limit asset inflation. Credit should only be used for business. And business means real business not just the business of asset inflation like realty and landlording.
It’s all greed, you won’t have workers if you don’t offer enough. My employer is well understaffed and since we do 6x the work we should earn a lot more
Greed. The boss charges more for services and products because of “inflation” but your pay never goes up because of greed.
Giant corporations buying up companies and raising prices because they can, and keeping wages low because they can?
6:03 Companies do dictate what lifestyles employees live by how much they pay them.
This whole supply demand feels like BS, when demand goes down prices lower to a point. Then corporations decide whether they want to continue producing that item. If they can't make money on it anymore regardless of what the demand is it's gone.
I've felt a similar way for many years actually. I just wonder why more people don't see it this way also? It's pretty much plain as day to me.
If you still need this question answered then you need to take an economics class/course. Wages don’t go up with inflation because it would destroy the economy almost overnight.
America: salaries should never keep up with inflation
Meanwhile in Europe: minimum wage increases at 1.5 times the rate of inflation to always ensure the lowest citizens lives are always improving
🤔
Yes, an little spoken flaw in our entire system is the refusal to make wages automatically increase alongside ACTUAL inflation. Some European countries have a commission that determines HOW MUCH wages increase every year due to inflation instead of making a huge national debate over whether it should be increased at all!
I like how they put it on the employees