It’s more likely that you’ve imagined an oral life in your early to mid-20s, but after that, your career will surely earn enough to help you build wealth. There is an equally powerful possibility that if you are reading this, it hasn’t happened to you, even if you’re working hard and hustling like an animal. More than ever, more Americans are living on wages, and while the statistics vary, the scope is both astounding and disturbing.
A hashtag that went viral on Twitter this week, #WithMyNextPaycheckIWill, opened up another gloomy conversation, laughing brightly about money and millennials. As Marketwatch’s Nicole Lyn Pesce reports, the hashtag speaks to some confusing truths about who is creating it in the world, even as more and more millennials approach middle age. Under the income bracket, perhaps half of those earning $50,000 per year go to a salary check. For general employees, this figure can be closer to 75%.
In this case, it is unlikely that a lot of workers are motivated during their peak periods simply not being good at their jobs. Instead, this has been a systemic problem for decades. Economist Mark Blyth, speaking on Adam Conover’s Factuality! The recent podcast, which explains in plain English the entire economic crisis for wage earners in about six minutes, begins at about 5:10 a.m. It’s true that there are countless small and big moves you can make to both stretch your dollars and increase your own income — but if you have strong opinions about the system in the workplace (or rather not), get in touch with your elected officials.