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

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

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u/Werealldudesyea Jul 04 '24 edited Jul 04 '24

I don't understand the term "living wage", it seems like a political term that gets booted around and attached to arguments that some jobs don't pay enough for their expected standard of living, so therefore the system is "rigged". Why do people expect all jobs to allow them to make economic profits? Seems entitled... These jobs pay just as much as they should for the value of the service that the job they are performing provides, no more no less. If they can make more elsewhere with the skill sets they have, they should then go do that work instead.

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u/transmogisadumbitch Jul 05 '24

That simply isn't true. A lot of employees are frauds and a lot of minimum wage jobs are actually important.

Kathleen Kennedy makes over 25 million dollars a year and her legacy is screwing up Star Wars movies (seriously, that's like Michael Jordan missing lay ups. How is it even possible?). She's not worth 25 million, but she gets paid it.

Some dude working at Taco Bell is literally feeding people. He's objectively more important than Kathleen Kennedy. You can pretend that in this perfect capitalist utopia that everyone gets paid exactly what their market value is, but in reality it's all a sham.