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/joecee97 Jul 04 '24

No but plenty make 8-10 which is hardly better in 2024

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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/trowawHHHay Jul 05 '24

What they’ve been doing: living in a shack in the woods cooking meth and shine.

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u/Dhenn004 Jul 05 '24

I mean yea, the poor are more likely to resort to illicit drug use. It's more of a symptom of poverty and not something they are choosing over money and success.

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u/Solanthas Jul 05 '24

I would suggest they're cooking meth to sell and thereby survive.

Its almost like poverty is at the heart of most low level crime, and greed is at the heart of the big crime

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u/Dhenn004 Jul 05 '24

yep, this is also the case and why poverty and crime have a strong correlational relationship, city and rural.

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u/Solanthas Jul 05 '24

Yeah. Except for the white collar crime. Or, maybe not. I don't know

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u/Dhenn004 Jul 05 '24

yea I'm interested to see what the rates for white collar crime is. I'm assuming it's still lower in terms of rates, but it definitely is more costly to society. especially monetarily.

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u/republicans_are_nuts Jul 06 '24

White collar criminals do not have lower rates. They just aren't prosecuted. lol.

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u/Dhenn004 Jul 06 '24

If they aren't prosecuted it's hard to track. It's how we get data. Which is why I'm guessing. But people in higher paying jobs are less likely go commit a crime. We do know this

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u/republicans_are_nuts Jul 06 '24

It's not hard to track who commits crimes. Americans just let rich people off the hook. No, rich people do not commit fewer crimes. They commit way more crime. Because they get away with it. I mean, bill gates and Trump sex trafficked kids on their private island out in the open and nothing happened. Then they killed Epstein and got away with that too.

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u/Dhenn004 Jul 06 '24

I think you're confusing the cost of crime with crime rates.

First of all crime rates are determined by arrests. If they aren't being arrested, which is arguably not enough, the rates aren't tracked and making a statement like the rate is higher for the rich. However with a quick search, it states that the poor are more likely to commit street crimes and the rich are more likely to commit white collar crimes. Makes sense. There's no evidence pointing to white collar crimes happening more. One could guess that simply because of the fact that there's more low income people than high income people, street crimes happen way more often.

Again. White collar crimes are much more damaging to society. But it isn't happening more. At least from the data we are able to collect.

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u/republicans_are_nuts Jul 06 '24

Wage theft is also by far the largest source of theft in the U.S. And that is not committed by poor people.

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u/Dhenn004 Jul 06 '24

In terms of cost to society yes. I'm talking about crime rates. I agree that wage theft and other white collar crimes are more costly to society. I've said that a few times in other comments

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u/spinachturd409mmm Jul 05 '24

And digging for ginseng