237 karma · joined November 23, 2017
https://www.reddit.com/r/personalfinance/comments/awmvre/50k...
BUT, and I truly believe this in the depths of my soul, everyone is as evil as their most sociopathic executive.
Everyone is contributing to the same bottom line, some people just sell out for less.
Whose more evil, the hitman that won’t kill for under 1 million or the hitman that will do it for minimum wage?
Either way, it's extremely difficult for younger people to be in CxO positions unless they start a company. I'm extremely doubtful that most can't do the job, it's just that they can't get hired.
I'm sure this person will do just as good of a job as any 50+ yo with an extra decade or two of experience. Typically people that require 10+ years of experience to perform a job are worse off than someone that is capable after only 4-5years. Lots of dumb-fuck boomers out there that had to be spoon fed every iota of information before they could perform at a high level.
In the middle of the US, there are lots of (white) Americans that work in these jobs. Many are very proud of their profession.
Next time you want to go on a trip to "expand your horizons", go to a podunk town in a fly-over state and get to know your fellow Americans.
So unless you advocate for completely blind interviews that do not rely on a resume and only take up 3 hours of someone's day, your point is moot.
"This thing sucks, so let's just do business as usual." If they are truly talented disruptors, their mentality would be "this thing sucks, we can make it better and bring it into the 21st century."
Makes sense to me.
If not, what the hell are they paying top-of-industry salaries for?
Additionally, software engineers that work on self-driving cars, rockets, any healthcare systems, etc, etc, etc?
It works to deter not those who are more than capable, but those that cannot incur huge costs to get into medical school. That includes volunteer time, extracurriculars, going on "mission trips" in undergrad to volunteer to help in medical clinics abroad, very expensive application costs (if you aren't in the 0.1% academically you NEED to apply to a lot of schools), paying to travel for medical school interviews, etc. Not to mention the opportunity costs of doing these things instead of working a paying job.
It doesn't end there. I have twice this year hosted friends from out-of-state that came to my city to interview for fellowships. Even after completing a residency most (all?) hospitals and medical groups will not pay for your travel to interview with them. One of these friends told me he is paying ~10k in travel costs to interview across the country for a fellowship position...thankfully he has a trust fund. I believe he faced similar costs when applying for residency.
It is insane. And that's just one aspect of medical education that deters otherwise great people.
If Cuba can figure out how to output a huge number of successful physicians (to the point that they placed them in other countries) there's no reason America can't other than apathy.
My dad, making an upper middle class wage in a low cost of living area with good insurance, was almost bankrupt by the end of it. He had to borrow money from his siblings to bury my mother. On top of that, he is the kind of guy that makes /r/personalfinance proud. If someone like him that shuns most luxuries and makes a top 10% salary in the US can have his bank account decimated in under 2 years, I shudder to think about the 90% of people that make less than him and have less self-control.
As a society (US) we HAVE to solve this problem. Our healthcare system is a disaster from top to bottom.
This is what government/laws/unions should help with. I just don't get the idealism of the 21st century. "Jobs should pay more or we will shame you", say the people.
"Get fucked", says the company. And now we are here...
However, healthcare IT generally has nothing to do with biology.
I think biotech may be exacerbating inequality more than most industries, as the profits are most definitely not going to the employees like they do in other STEM fields.
Real integrity comes from ethical production. Place your time and skills towards companies and projects that at the very least do not make the world worse. And if you can't do that, I do not think you get to get on a soap box and talk about how great you are because you shop for local produce, eat vegan, and drive an electric car.
Everyone is as evil as their most sociopathic executive, you both contribute to the same bottom line but the employee sells out for less.
Since it follows that NIMBYs are more anti-American than Russia, we MUST put sanctions on their ability to affect their fellow Americans.
Time for NIMBY concentration camps??
I have a handful of friends that work in Hollywood as actors and producers. They get paid amazingly well and get insane amounts of time off.
...all because they have organized labor. Most people would be amazed how much an extra gets paid once they have their SAG card.
Many take advantage of unemployment as well since they typically work on contracts. Have several friends that will work for 6 months on a show and then take 3-4 months off while collecting unemployment and figuring out what contract they want to take next.
Like c'mon. Working for less than a livable wage is just called making America worse. It would be much more productive to kill yourself and reduce the leverage employers have over the proletariat.
"Will my copay be cheaper if I see a PA?", I asked.
"Absolutely not" was the response.
So why would I pay the same to see someone less qualified?
Incentives in the American healthcare system are extremely screwed up.
So don’t hold your breath.
Most people don’t want to spend their lives “hustling” and selling things. They do, however, want healthcare, a home, and the ability to retire.
So?
I can only point to a couple people that came from middle class and lower families that are now successful (though I'm not terribly old yet), with them they had above average intelligence and above average charisma.
However, being exceptional seems to be a minority factor in being successful when compared to being born with more resources at your disposal.
I mean, you can't really be a billionaire in today's world if your parents weren't millionaires. And it's like this all the way down.
If your skills were truly in high-demand, they would verify that you could do the work and are easy to work with then they’d give you the job (see: Nurses).
I've tried streaming services, but it ends up over complicating my experience because I still have to rely on my own hard copies to complete my collection. Further, I am extremely wary of my library up and disappearing. I like to have full control over all of my tracks, meta-data, playlist organization, etc. I won't even buy from iTunes anymore because it's too restricted. Only online music broker I use is Bandcamp because they give me full control of the music I purchased.
Even among my hard-core audiophile friends, admittedly a very small sample, none of them use Tidal.
Apparently, only business and finance people are allowed to want money because they provide a useful service or just because they want money.
I personally believe that in a capitalistic society, it is imperative that everyone tries their best to extract as much of the value that they create. Otherwise we end up with massive inequality.
Have you ever worked in the US healthcare system? I worked for a medical diagnostics lab and spent a couple weeks in our billing department shadowing them at one point, we were writing off a minimum of 100k/day (and that is a very conservative estimate based on the 1 billing person I shadowed) in services for indigent patients.
So the US healthcare model as it stands is a euphemism for the wealthy and healthy subsidizing the poor and sick in an insanely inefficient way.