What happens when high paid workers lose their jobs?
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Not to sound heartless, but I don't care what happens to high paid workers after they lose their jobs. They have no sympathy from me. Hopefully they won't kill their family or commit suicide. Ain't worth it.
It's workers on the lower scale that concern me, the "average Joe". What happens to them?
Not to sound heartless, but I don't care what happens to high paid workers after they lose their jobs. They have no sympathy from me. Hopefully they won't kill their family or commit suicide. Ain't worth it.
It's workers on the lower scale that concern me, the "average Joe". What happens to them?
Let's say you have a vice president of whatever who makes $250,000 a year. He has been making regular payments on his mansion and Ferrari sitting out in the driveway.
Suddenly the company goes under and he can no longer service all of that debt. He just gets the $400 a week or whatever from unemployment. Then the formerly high paid worker loses his house, his Ferrari, and has to move into a cheap studio apartment. Former VP then becomes an "ordinary Joe."
I've read stories about that kind of thing. It happens.
BTW, you seem to have something against wealthy people. I would LOVE to be a millionaire one day. Live below your means all your life and invest your money properly and it can happen.
Let's say you have a vice president of whatever who makes $250,000 a year. He has been making regular payments on his mansion and Ferrari sitting out in the driveway.
Suddenly the company goes under and he can no longer service all of that debt. He just gets the $400 a week or whatever from unemployment. Then the formerly high paid worker loses his house, his Ferrari, and has to move into a cheap studio apartment. Former VP then becomes an "ordinary Joe."
I've read stories about that kind of thing. It happens.
BTW, you seem to have something against wealthy people. I would LOVE to be a millionaire one day. Live below your means all your life and invest your money properly and it can happen.
I have nothing against wealthy people - just can't relate to them, nor do they (high-paid workers who lost their jobs) have my sympathy. Nope, they just don't (not that they'd want/need it ). They can bounce back better, imho, than others when/if such adversity strikes.
I'd like to be wealthy, and hopefully it's not too late for that.
Certainly, I'll be much better off financially in the near future than now. Definitely looking forward to that. Takes much sacrifice, planning, learning, etc (all of which I'm currently doing).
Not to sound heartless, but I don't care what happens to high paid workers after they lose their jobs. They have no sympathy from me. Hopefully they won't kill their family or commit suicide. Ain't worth it.
It's workers on the lower scale that concern me, the "average Joe". What happens to them?
Sometimes, it's more difficult for people who are used to 'having it all'. Yeah, I know it does our twisted hearts good to see people who used to be loaded working at Starbucks. Oh how the mighty have fallen and all that. Just desserts.
The average Joe has a huge advantage. He still knows how to get by and survive. He is used to having to be thrifty. He always knew his kids would go to public school and if he wanted to go to college, it would be pay as you go to the local community college. And he would know he had to get a degree in something useful that would pay the bills. His expenses were in line with what he made.
The average Joe is better at being poor than the guy who had it all. Being poor is more of an adjustment for him too.
Sometimes, it's more difficult for people who are used to 'having it all'. Yeah, I know it does our twisted hearts good to see people who used to be loaded working at Starbucks. Oh how the mighty have fallen and all that. Just desserts.
The average Joe has a huge advantage. He still knows how to get by and survive. He is used to having to be thrifty. He always knew his kids would go to public school and if he wanted to go to college, it would be pay as you go to the local community college. And he would know he had to get a degree in something useful that would pay the bills. His expenses were in line with what he made.
The average Joe is better at being poor than the guy who had it all. Being poor is more of an adjustment for him too.
Yep, that about sums it up. Wrong, but true.
Agree with the rest of your post, too.
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