Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If the response was just 401K millionaires- I suspect Fidelity's figure to be accurate not only due to the reasons many posters brought up but I would bet a big contributing factor would be that for most workers they have not seen any real wage increase in over a decade, most likely longer I suspect. Most workers receive a 2-3% pittance annual increase while corporate execs have been seeing excess income gains during this period.
What's the saying- there are those that make the sh*t and those that clean the sh*t up.
I doubt most workers sit in the same position for decades unless they have no skills or desires to advance . The reality is most of us made more money by moving up the ranks over decades , not doing the same basic thing we did decades earlier .
The same job function should not be worth more on an inflation adjusted basis just because of time. In fact technology or better ways of doing things may have made markets value that job function even less.
So this complaining about wage growth is a personal issue
Last edited by mathjak107; 09-07-2018 at 04:23 AM..
The job market has certainly changed from years past where workers stayed with the same co., some able to advance etc. Today's market has workers continually changing from co. to co. some on own accord while others not but the financial crisis of 2008 had many not seeing an annual wage increase in years and others having to re-establish themselves in the workforce. You need to take a higher level view of the job market to realize looking at the market as whole has many workers that possibly due to inertia, fear etc. work in the same capacity & let's not discuss age bias in the work force.
All those issues you listed does not make a job function worth anymore . If it keeps up with inflation then it is doing what it should be doing.markets value what jobs are worth .
Finding that which others won’t or can’t do for themselves will be what pays more money. The same ole jobs are still worth what they were worth 20 or 30 years ago unless unions artificially inflated those jobs beyond what markets value them at
The truth is anyone who invests a certain minimum amount of $$$ over 40+ years in the market in nothing but boring index funds and maintains a certain % of equities, reinvests all interest and dividends, can amass $1MM in investments. Some do it in half the time or less. It's simple compounding and it doesn't require being especially smart or creative; it means being consistent and getting the monies into the market.
The truth is anyone who invests a certain minimum amount of $$$ over 40+ years in the market in nothing but boring index funds and maintains a certain % of equities, reinvests all interest and dividends, can amass $1MM in investments. Some do it in half the time or less. It's simple compounding and it doesn't require being especially smart or creative; it means being consistent and getting the monies into the market.
The truth is anyone who invests a certain minimum amount of $$$ over 40+ years in the market in nothing but boring index funds and maintains a certain % of equities, reinvests all interest and dividends, can amass $1MM in investments. Some do it in half the time or less. It's simple compounding and it doesn't require being especially smart or creative; it means being consistent and getting the monies into the market.
^^The boring truth.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
