Whereas many of us can’t take a loss of income for months while we retrain.
And actually no, I can’t afford to be unemployed for a year. On COVIDs cost of living it would have been easy. But the current cost of living I’m not able to save even with my “inflated” salary. And the savings I do have isn’t going to stretch as far.
I honestly don’t know how people save on lower incomes. I suspect they don’t. Which is why the debt crisis keeps worsening.
I’m lucky enough to have assets but once they’re sold they’re gone. And most people don’t even have that luxury.
Even if you've saved enough for 1 to 3 years of university, there's a risk that you won't get a job especially if you're getting towards 40+.
Drawing down savings is a very high risk move, since you could easily never recover those savings because you may struggle to get a job that has a better ability to save as much.
Of course there are exceptions, but I don't expect those to apply to anyone commenting here.
It’s plainly true that for a significant number of people, even those who satisfy your moral sensibilities around money, they won’t have had sufficient time at sufficient incomes to have enough saved for a significant period of unemployment to retrain.
It's usually best not to make assumptions about other people's personal circumstances.