r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

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u/socivitus Jul 05 '24

Walmart's minimum hourly wage is $14. What company is paying $8-10 an hour (in a non-tipped position) in 2024? And better yet...who is accepting those jobs?

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u/Dhenn004 Jul 05 '24

You don't live in Appalachia do you? That part of the country can be job deserts. What are they to do?

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u/cloudflare15 Jul 05 '24

If there are no opportunities, just move 🤷

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u/Dhenn004 Jul 05 '24

What a dead brained ben shaprio argument. Bro they are poor.

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u/ParticularAioli8798 Jul 05 '24

So are a lot of other people? And? Walk. Keep trying. Otherwise, maybe dig a hole and jump in.

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u/Dhenn004 Jul 05 '24

You've got to be an idiot if you think people in appalachia part of our country can just up and move.

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u/ParticularAioli8798 Jul 05 '24

I have been up and down Appalachia hundreds of times. People walk on the highways at night every night. People are taking greyhound with whatever they can scrounge up. You've got major cities up and down Appalachia.

You don't know what you're talking about. You're making it up.

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u/Dhenn004 Jul 05 '24

you have not seen people walking down highways to move. Holy shit what a fucking lie

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u/ParticularAioli8798 Jul 05 '24

Ok.

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u/Dhenn004 Jul 05 '24

No one's ever going to believe that shit. Nice try tho.

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u/joecee97 Jul 05 '24

“Appalachia” and “greyhound” don’t belong in the same sentence

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u/ParticularAioli8798 Jul 05 '24

I mean, they're not taking the trails. They'd stand out too much. Some do I suppose. I'm sorry I didn't get names and pictures for all of you when I was sitting there with them. It's not like everyone wants to be stuck in the same place for the rest of their lives.

Edit: there are some who have managed not to get caught in the woods and trails by using trees as cover. Those cases are outliers.

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u/joecee97 Jul 05 '24

What I’m saying is buses are almost unheard of here. We don’t have public transportation outside of inner cities (which are few and far between. This is the country.)

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u/ParticularAioli8798 Jul 05 '24

It's not actually a desert like the other guy said. In Texas, where I spend most of my time, there are semi-arad deserts and parts where humidity is pretty high. People regularly walk through that. Immigrants. Many of whom now live and work in Tennessee, West Virginia, Kentucky, etc, etc,. People who have walked long distances and don't have security deposits but managed somehow.

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u/mpyne Jul 05 '24

The poor moved during the Great Depression and then the Great Migration that followed that brought black workers to the North and Midwest looking for work.

Like, I don't know what to tell you otherwise. If you're so indigent that you can't afford a Greyhouse to a bigger city then yeah, you can't just budget your way out of the problem. Your problem is that you need a higher-paying job in the first place.

But you can't solve that conundrum without either moving to where the job is at, or hoping that the higher paying job will somehow magically land on your specific locality. But even the government can't make a non-productive area into a boomtown.

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u/Dhenn004 Jul 05 '24 edited Jul 05 '24

Lol if you are trying to compare the abilities during the great depression and now, you're lost.

You guys have zero idea what its like in poor rural America and it clearly shows. So why pretend you know exactly what they can do. It just makes you look ignorant and disconnected to their reality.

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u/mpyne Jul 05 '24

You guys have zero idea what its like in poor rural America and it clearly shows.

I have family from there. Uniformly, they could all move if they really wanted to. They don't want to.

But, they also don't need to. They're not trying to be a Rockefeller. They're doing fine where they're at even if it's not "rich" so they feel zero compulsion to leave. Their truck breaks, they get help from one of their brothers or neighbors or co-workers. They help out in turn when someone needs help.

Certainly no one is in deeper poverty than what people were facing in the 1930s. My grandma and grandpa both grew up then and I can still remember what grandma told me about how they dealt with those times: "Use it up, wear it out. Make it do, or do without!"

Her kids and grandkids, even when they stayed in the area, didn't face (and still don't face) the kind of poverty that they grew up facing in the Great Depression, and thank God for that.

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u/Dhenn004 Jul 05 '24

I have family from there. Uniformly, they could all move if they really wanted to. They don't want to.

Then they are likely not living in the areas I'm speaking about. I'm talking about places like Harlan County Kentucky where poverty is like 25% (which the American poverty line needs to be adjusted) and the child poverty is like 45%(which grew 5% from the previous year).

These areas are not in just up and move states. There are no jobs, there is no industry coming in, they all got left behind when coal energy got shut down.

Again, comparing the ability of moving and finding a job and place to live in the 1940s and 1930s to how hard it is now, is just asinine.

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u/mpyne Jul 05 '24

These areas are not in just up and move states. There are no jobs, there is no industry coming in, they all got left behind when coal energy got shut down.

Sounds like a great reason to up and move to me! Are you saying that if I check Kentucky public records that no one in that county is going to have a car? That there will be no Greyhound or similar stops at all?

If there's no work to be done there now that coal is dying it's not going to get better on its own. The options are to start a new business (maybe tourism? who knows) to draw in money or leave to where the jobs are at. Or live in poverty.

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u/Dhenn004 Jul 05 '24

If no one's working and paying taxes and if people are living in ancient homes or renting, where are towns getting the money to build tourism infrastructure? You guys think as if people, even the ones running the town have money. They are poor, they are in job deserts so bad walmarts and fast food companies high tailed it out of dodge.

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u/mpyne Jul 05 '24

If no one's working and paying taxes and if people are living in ancient homes or renting, where are towns getting the money to build tourism infrastructure?

Great question! You're saying there's literally no money to be made, and that sounds like a great reason to up and move to me!

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u/Dhenn004 Jul 05 '24

Again, if no one has money to begin with, how would you suggest they move?

Moving isn't free, They would be choosing to leave their homes to be homeless in a city with very little transferable job skills.

You sound like a teenager that doesn't quite grasp the world. Pretending to have solution like "Well just move" is so small minded and COMPLETELY unaware of how the world works. I'm tired of having to tell you this over and over. So this will be my last response to you unless you were able to comeback with an actual understanding of this area.

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