This is actually kind of a fucked up Ad. You said this is a platform where people can drop their hourly Starbucks jobs and learn what they need to get into "Tech", but both the "success" examples you gave are people become tech SALES people. You don't need to pay any company to acquire any skills for Tech Sales. Tech Sales is going to be even more depressing and soulless than working at Starbucks.
There's no reason to go "above and beyond" anymore if you're just getting handed extra responsibilities (and liability) with a fairly meager pay increase and even less work-life balance. I'm glad that younger workers are waking up to this and not sleepwalking through life like their parents did.
@@Heyu7her3 In this cutthroat environment where businesses are beholden to stakeholders, businesses will try to get away lower compensations or lower quality products. The trick is not letting yourself be exploited.
Our parents were not sleepwalking. They were pretty much guaranteed a pension and a very secure job with annual raises. We are not offered any of that so trying to go about things the same way now would be foolish. Above and beyond used to count, now it doesn't.
My father worked for 40 years at one company he retired October 2021. Pandemic hit a few months later he got to do a little traveling before the pandemic but my father passed away from a stroke in Feb 2022. Retirement is never guaranteed and it's extremely stupid to live your life that way. You must find work that gives you plenty of time off during your working years. I hate the fact that my dads life was taken away so early he was only 61.
@@mirade1 hopefully in a legally binded living trust if the person who died made one otherwise the funds would likely go into state probate which can take a very long time to sort out and is not ideal. My father passed almost a year ago and his estate is still being processed. Depending on how many assets the person has these procedures can takes years. It's not fun at all.
"More afraid of getting promoted than getting fired" This is exactly what's happening at my current work place. Absolutely none of my peers have the slightest interest of getting promoted. The incentives just aren't enough.
And this is why the trend of “quiet hiring” has started. If people won’t Chase promotions, the employers will just force the additional responsibilities onto you without the pay rise. And also layoff half the workforce for good measure.
@@BlitzkriegOmega well if he does that, you just do a shitty job with the extra work given (since this wasn't in your contract) and he'll pas it on to someone else or fire you. Here in Belgium, if you get fired you get full unemployment benefits when fired, not when you quit! This buys you time to find something else... Win win if you ask me
Dangerous because it paves the way for the few who would take any position of power for no additional upkeep fees: Psychopaths and Sociopaths. They enjoy power for power's sake.
I tell everyone at my job that I will not take a promotion because I literally would bring home $200 more a check and have a ton more responsibilities so I'm good. Just adjust your living and stop trying to have a bigger house, new $50K truck every 3yrs, and spending $1,000s on a ton of unneeded stuff
Imagine if you took your car to the mechanic and he told you that it was "quiet breaking down" because its engine only made the exact amount of power and torque that the manufacturer says it's supposed to. Companies set their salaries based on the work laid out in their job descriptions; why should they expect people to do anything more without getting paid more to compensate?
Amen. It’s sickening the amount of corporate gaslighting that goes unchecked. So you’re saying me doing my job well is quiet quitting because I didn’t lick my manager’s nut sack and beg for more work? Working remotely has leveled the playing field a bit
Can confirm. I literally just quit a job last Tuesday where I was being offered a promotion, which was really just a disproportionate pay increase to the amount of new responsibility I'd be taking on. No, there's no amount of money you can pay me to be miserable. I don't want your money, and I don't want to run half of the business. I want to be able to clock out at 5:00pm and relax with my family and enjoy my hobbies. All the money in the world does nothing for me if I never have the time to enjoy it.
Same. Work has been begging me to "promote myself". "But you'll get a raise." By what, a dollar? I'll literally be assistant manager looking over 100 staff members and manager an entire store and making not much what I was already making with MORE HOURS. Nope! I'm working 45 hours and in a few years will be demoting myself to regular full-time as assistant manager for my current department.
Don’t worry, and you’ll be replaced easily! Why do you think is it that people from Nepal and India are brought over by the hundreds? They’re your replacement.
A lot of people have realized that no matter how hard they work they will never be able to afford a house or retire so they give up and just scale back to working enough to pay bills and survive and use the free time to exercise and enjoy life
This is 100% me. I bought a house for my mom right before the inflation hit, and watched on real estate apps as all the houses in our area went up by 50% in price minimum. I realized that at the rate things have been going the past 4 years I've been getting further and further from my goal of owning a home despite my hard work. The moment I realized that I went from working 60 hours a week, to working 40 and spending more weekends eating out with friends and family instead of pinching every penny.
Back in the 1990s, you could buy a house near Central London for £80k, now it's £600k minimum. Salaries in London went from £19k median to £41k median. Houses are literally unaffordable.
“Do the least amount of work but just enough” My mom (in her 50’s) works as an NP. She is only supposed to be there 8 hours. She works 12-15 on average. I work as an accountant, (in my 20’s) I turned down being controller because I rather fly under the radar and do minimum work. Than make a little more more to do WAYY more work. When I tell her that she is doing too much. She debates it… the older generation is stuck in their ways. Finesse your regular job. And do something you enjoy. These companies don’t care about us.
I'm guessing by NP you mean a Nurse Practitioner, which is a far more important job than that of one in banking or finance. She doesn't work long hours for her company, she does it for the people she's caring for, people who actually need the help. Healthcare is full of people like that because they go into that because it's a passion of theirs, as well as there has never been and never will be enough nurses or doctors to fill in the gaps so no one has any real choice, unfortunately.
Labor shortage has always been one of the funniest terms to me because it is just companies saying they don’t want to pay people and complaining. Like obviously there are super technical jobs like doctors where you could actually have too few qualified people. But the vast majority of jobs could be staffed by most anyone if you payed them fairly and trained them.
@@user-gz4ve8mw9l if you're seriously conflating capitalism and fascism then you don't understand either. Corporatism, yes, but not actual capitalism. Honestly, the problem is that we don't have an actual free market. We do live in a cproratist one (at least on the macro level anyway).
@@Tyler_W The end form of capitalism is a monopoly. The bigger fish eats the smaller one, until only the big fish is left (see Amazon, which are on their way there for some time already). If you're "lucky", you might end up with an oligopoly (like in telecommunication right now in the US and Canada), where you can at least choose between a few companies to buy from - even though prices will be way too high, and the quality way too low then, too, since there is no other competition anymore. And if there is only one (or a few) companies where you can work, have fun trying to get a good job, too. "But then another new company will show up, because capitalism!11!!!eleven!" - yes, it *might* show up, be there for a couple of years, and then will either be bankrupted by cheap prices from the big fish's business(-es) or even be straight bought out by the big fish, because *the big fish has the resources to do so, while the new company doesn't* (see Wal*Mart). The only way to prevent this outcome is to actually have serious regulation in place (which is actually the opposite of capitalism), to prevent this end form of capitalism - this includes something called "anti-trust legislation", and as such is something the big fish are trying to get rid of ever since it was introduced (and in the US, they seem to be on their way to get this done, too). When 1% of the world population holds over 50% of the world's wealth, then you know that something is wrong with the market model you are using. Edit: Before somebody gets some funny ideas: communism or socialism is even worse. The best solution seems to be what some European countries (still) have, which is a capitalistic system combined with strong regulations in place to keep up fair competition and a welfare state. But the big fish are trying their best to get that converted to pure capitalism as well, and already were able to throw a few wrenches in those systems, too.
I worked in a administrative position for 7 years at a fortune 100 corporation during my 20s. I applied every chance to any new opening for a promotion and was constantly overlooked because other staff had seniority. The final straw was when a fill in position in my department opened up for a supervisor that was out for a few months on maternity leave. They hired a young 21 yr old fresh college grad who was clueless and never had any experience supervising let alone working, it was her first job. I realized the whole system was screwed and the falsehood of room to climb the ladder. It was a sham. I resigned and never looked back.
@@PatrickGotHands smartass I had an associates degree at that time and after resigning finally got my masters degree, dont give me advice I never asked you for
My company makes you do a ‘program’ to get promoted. The ‘program’ is just working the next job up without pay for 6 months to a year (sometimes longer and the promotion isn’t guaranteed). It’s the most disrespectful thing a company can do in my opinion.
My company will do this too. Saying it’s experience. I call it the company getting problem so do the work and not paying them for it. I won’t do a manager job unless I’m getting paid for it.
Workers are at their most productive than in any other point in history. What strikes me is that this means people are doing more quicker. That pace is brutal on our physical and mental selves. Leaving us stressed and miserable.
@@crescentprincekronos2518 look up the productivity pay gap. productivity can be quantified by the amount of income generated per hour of work. productivity has steadily increased and pay has stagnated.
Climbing corporate ladder? The ladder is not available to all new employees. Even if you give your sundays to the company. You have to be liked by the upper bosses. It does not matter if you have stellar performance. It's a popularity contest. The minute they dont like you, the exit door will be opened to that employee. They dont care how long you were in the company.
Every Corporation I worked for preferred to hire outsiders for management roles than promote from within. This created the cruel illusion of a career path that didn't exist in reality. And older people wonder why I switch jobs every few years (spoiler alert, it's to get a real pay raise).
@@Lonovavir good job on you getting that raise 👍👍Going to other companies will definitely give you a raise & learn more work experience. Painful for those people who were loyal but never got promotion. my coworkers from my first job thought I was " different" when I changed companies. they all stayed in that toxic company. I work in govt now in my asian country & my bosses are humble cool, young people. Happiest ever been with work. Govt job here is for permanent position. people are not easily replaced unlike in private companies where boss will show the exit door anytime.
You must work for a small company. In my experience working in large fortune 500 companies, the employee was just a number. When the earnings were bad, the FCO and CEO started laying off hundreds if not thousands of employees. It didn't matter who you knew...
@@travisadams4470 true to a certain extent. Here in Asia, i tried working both for big & small companies. Small start up companies are less toxic and wanted the " family" culture. But still I am still an " employee" that can be removed when not needed. I work in Govt now where our bosses are young & cool. trusts me 200%. They are not micro managers. "Just do your job, we let you do your thing" laid back types. In my govt role, my bosses want me to stay for the long term. Something private companies never made me feel.
The moment companies started saving money by eliminating pensions and retirement funds was the beginning of the end for the traditional career. The main insensitive many in the previous generation had to stay at their jobs despite better careers being available was wanting to keep their retirement/pension that they worked so hard for. Not to mention, that everyone clearly understands now that you can get be let go at anytime and lose all those benefits anyways. It's like full time simply means being a contract employee for a "little longer". There's not that much difference anymore.
This must be a uniquely American issue because I have no idea what you mean. Where I live, pensions are owned by the individual and managed by insurance companies, and the same pension plan migrates with the individual between jobs. The government also guarantees 30% of your pension in case of total financial collapse. Your pension can't just disappear.
@@zacharysilver911 "privately managed retirement accounts" are incredibly dangerous, because if the institution your money is at goes bankrupt than * poof * most (if not all) of your money os gone. One financial crises and you can lose your job and your retirement account at once.
@@NankitaBR This is why the US government has notoriously bailed out banks repeatedly. Because if the banks die, everyone's retirement dies with them and then the politicians all lose their jobs and possibly lives due to millions of angry, soon to be homeless pensioners.
I still remember the look on my manager's face when I declined a promotion. There are no words! There was no way I was going to live in that office! I cut and ran so fast, and I'm glad I did.😊
My manager offered me her position before she left. A LOT more work and responsibility, as she is the top person at our location (for exam proctoring) but the difference in pay is a raise of 85 cents an hour, totaling $15.85 per hour. I laughed. Hard pass.
When I took Managerial Theory nearly 20 years ago, I was confronted with the eye-opening statistic that the estimated productive workload in an 8-hour day was only 5 hours. When I finished my MBA three years ago, it was down to 4 hours. The other half the day was wasted on meetings, or just idle chit-chat. So, it's no surprise to me that when people started working from home, they realized that they were going to end up with a lot more free time.
Working from home is the best, next for working for yourself. I actually do both - I have a 40-hour day job 12 hours a day, 4 days a week. In my free time, I have a small business that I am growing. And then I have family pets and stuff to do. Working from home has freed up so much time! And time is the most precious commodity we have in our lifetimes. Don't waste it!
This is insightful. I got my first salary job last year and a colleague let me know a full work day was considered 4 hours and you still get paid your regular salary. From that moment on I vowed to not do more than 8 hours.
Depressingly somewhat reminds me of Squidward's words: "I order the food, you cook the food, the customer gets the food. We do this for forty years and then we die."
My father worked all his life, and he passed away (sudden heart attack) last week at the age if 62, he didn't even receive his 3rd pay check! He was such a great man and his passing changed me forever, because it was sooo unexpected! Definetely puts stuff in perspective and shows me what's important in life! Which is building great memories with your loved ones
I think you missed some HUGE points in this. Most jobs do not reward hard work with increased pay, they reward hard work with more work. Average raises are 3% of your current salary per year for cost of living increases, however for the past few years inflation has far surpassed this rate. Therefor, the best way to make more money is to find a new job every couple of years that pays more money. Simply put, “loyal” employees are no longer rewarded for their “loyalty”, which is why, if they want any better opportunities or pay, they have to find that elsewhere.
Don't companies require letters of reference? That would make job hopping difficult. "Oh yeah, this dude worked here for like a week now he's asking me for a letter of reference to work for you guys? Don't hire this bozo, he'll dip the first chance he gets."
Last month I officially quit my job and my 7-year career as a developer. I was making a good living, liked the collective at work and enjoyed the projects I was doing. But there were other downsides as well: an insufferable manager, a miserable amount of overtime and the corporate politics you have to play which will slowly and surely drive you insane if your are simply "not that kind of guy". I became a freelance developer and now I have half the salary but also half the work. The rest of my income comes from my IG modelling which, believe it or not, has more potential to grow and scale than my income from a regular job ever could. The 9-5 model is officially dead. It is just not yet talked about publicly because it would offend a massive amount of people and could potentially cause worker outrage all across the world.
9-5 doesn't work in the age of information. Most positions will either require way more time investment or won't be able to fill up the 8 hour shift. The concept is as dead as it can be we just don't talk about it because that's how it always was.
One of the things that should not be overlooked is the fact that companies regardless of what you do simply don't want you on their payroll after 10 years, you cost the company to much money, they want you to move on
@@mllenessmarie This, they want fresh blood for many reason 1 easier to manipulate 2 less risk of accidents 3 theyll just accept whatever pay they get and not fight back. Unfortunately the gen Z kids arent falling for this crap and do whatver the f they want, demand anything they want. Its a good and bad situation.
Exactly, I left a job that was stagnant for me (no headroom, not acquiring new skills). Eventually they would think “why are we giving him salary increases each year when we can bring in a fresh grad for less?”
The salary gap between executive and employee is insane, not to mention the golden parachutes of millions of dollars. Until workers are fairly compensated there's no reason to work hard. So far most companies are just digging in their heels.
The more we spread out this message, the better chance employees have at winning this tug of war. Let them dig their heels, it'll give eventually if we keep it up.
My wife and I had a conversation about how valuable time. How we can find ways to earn money or make a living but no matter what we do we can never ever bring back time. This has been my life motto.
I currently work remotely due to the pandemic. In the beginning, I worked harder and even got a promotion. But I was getting burned out so I got a new job with better pay. I knock my work out in a FRACTION of the time. Now I use my extra time for personal items: going back to university, fitness, working on starting a small business, and new hobbies. I hate to say it because it was terrible for a lot of people, but the pandemic has been the greatest thing to happen to me.
@@renevile in the US. I meant it as I never worked remotely before the pandemic. My job at the time went remote, and my new role is now permanently remote.
Some times life just works out that way. I paid off my student loans and started investing while deployed to Iraq and Afghanistan. Horrible wars from which I suffered 0 consequences from and entirely benefited. The pandemic nearly killed me from the isolation and day to day media induced panic. Even though I was rich.
@@rejectionistmanifesto8836 Nope. I got the first one, then the first booster, and that's it. I'm just smart enough to admit I was living in an emotionally painful place. As opposed to a lot of people who to this day think they're OK but are going apeshit in the streets.
I have so many questions, what's the remote job? Are you going to university full time or part time, online or in person? How does one manage that, did you have to reduce your work hours? How do you pay for life if you now have a reduced income, possibly thousands in new university expenses as well?
I don't know how anyone ever thought that wasting almost your entire life at work and then getting to "enjoy" maybe 20 years once you're already old was a good life. This has always been a garbage system.
It was different before. Your starting salary out of college would be, in today's terms, around 80k, then after a few years you'd get promoted to 120k and in your early 40s you'd make around 200k (in today's purchasing power) and could take time off for golf, fishing and "business trips". So you'd feel motivated to bust ass in your 20s and 30s.
So incredibly true about moving companies every 2 years or so to make more money!! I started my first career job 10 years ago. Sat there for 3 years to discover I was going no where fast..I switched companies and also moved up to senior level at the same time, and doubled my income. 1.5 years later I was promoted to manager, but the increase was very small. 2 years after that it was time to move again. I love my new job (3rd company in 10 years), and I'm approaching 2years soon. Will soon have to decide what is best for me.. My point is, don't sit anywhere too long while you're young. In your 20s and 30s, move around as often as you can!
For once, Federal cube-dwellers were ahead of the curve. Nobody I work with wants to be promoted, and especially not into management, because the 15% pay increase doesn't make up for added accountability and the extra hours that goes with that. Just in my department, multiple new managers took voluntary demotions after realizing their mistake.
My supervisor of 4 years took a demotion to work in another section of the department because being a manager was taking a massive toll on his mental health. From what I've heard, he is infinitely happier not having to worry about inter-office politics.
My wife became middle management and then demoted herself. The position has seen 2 others over 3 years, so a manager a year taking the role and atepping down because the hostility of the workers and the hostility of the upper management. Upper management wants a whipping boy to blame when production slips but doeant want to higher quality employees at better wages and the employees know they can do anything they want because none of them can get fired for being rude, no calls/no shows, work errors etc. It is a rotten system that breeds mediocrity and wasted potential.
Well, I knew a guy that worked in IT. The guy ended up in a managerial position. He was rarely doing any software maintenance, development or coding or anything like that. He was managing. He didn't like it. He quit and quickly found another job that paid more and wasn't management. Thing is recently he was interested in entering management again...if the pay was good enough. In the end he started freelancing.
I think people are getting wise to the fairy tale they were told as kids where you "work hard, be honest, be loyal, and you will succeed at life." There can only be so many corporate execs, there can only be so many millionaires, and the statistics show that you likely won't be one of them. It was always kind of a ruse to get people to work harder than they normally would. It never really was true in the first place and now people are reclaiming alot of their lives. Work is important but should never be the #1 focus in your life. Make sure to take care of yourself, your close ones, and your community.
I think work hard, be honest, be loyal, and you will succeed at life is still true. HOWEVER, what is left out is loyalty is a 2 way street. The issue is that many of these companies are not loyal or honest. And as a result why the heck do they expect the same out of their employees. The old adage is the key to success from both an employee and employer standpoint. If you get a good individual, be loyal to your employee and pay them what they are worth and keep them along. If they don't want to move up, and are good at what they do, pay them. Other companies cannot take employees that are being given fair compensation for their work. And of course being dishonest will get you fired fast from any job. Not to mention meeting loyalty with loyalty leads to a really good career option. Given you find a loyal employer. The interpretation of that old adage for loyalty is that you should be loyal and expect it back. If it is not given then you should find somewhere else to work. This is the ultimate reason the for the state of things. Loyalty does not exist int he corporate structure and you are meaningless. And that sort of environment is not going to get loyal employees. If they pivot and become loyal to their employees, then they should expect loyalty in return. But its a 2 way street and them being the people in charge need to be the first to initiate that relationship.
That last one is really true. My dad worked hard in a low paid job to afford a good life for us. Because of that I was able to get a good degree and job and earn triple what my dad did adjusted for inflation at the age, but he afforded a better lifestyle then than I do now. What's the point in working 60 hours instead of 40 hours for 20k more $ which doesn't change your life. After taxes and per week that affords a nice dinner once a week, which is cool and all but not worth 50% more of my life at work.
A few years ago in my job I was asked if I would be willing to work at the next grade up, but with no pay rise, to show that I was able to do the job so I could apply for promotion. I told the boss that if I was good enough to do the work of the next grade then I was good enough to be paid for that work. Needless to say it was never mentioned ever again. Employers have no loyalty to workers adn they WILL take the piss if you let them get away with their bullshit.
As a first gen American and first one to go to college, corporate culture was a shock. So much wasting of time and practices that are ridiculous. Focus on yourself and secure the bag. That’s the “career.”
My last job kept attempting to heap responsibility and encouraging me to go above and beyond, all the while providing little to no incentive to pursue this. After a couple years experience, I was offered a better position with better pay and took it immediately. Lots of companies seem to put the blame on the worker rather than their antiquated practices for loss of valued workers.
Couldn't agree more, I work in a pharmacy and the pharmacists and managers work so hard, have to come in 6 days a week, have to keep ontop of supply, rosters, patients and any changing legislation surrounding any drugs we might stock, often in their own personal time. Yet my manager makes 3 dollars an hour more than me. Which at the amount I work would be about 73 dollars extra a week. I don't think those 73 dollars a week are worth it when all I need to do is show up on time, do my work and then leave.
@@BigJeffeDaGoat _"lmao dumb luck. When you have millions of people watching a video, someone has to get lucky"_ EXACTLY. And how rare it is for one of those who got lucky to actually acknowledge their luck. So thank you, mate. That was as close to a breath of fresh air as one can except from a RUclips comment section. And long may your luck on your personal career path persist.
Can confirm. Went from making 13 bucks an hour to the salary equivalent of 35 bucks an hour just job hopping every 1-2 years for the last 4 years in the IT field. I don't think I'll ever stay at a company long enough to retire if I'm only going to be getting a fraction of those increases and companies still reserve the right to leave my children destitute because it looks good on an execs spreadsheet.
IT / Software is one of the few good careers left. If you know your stuff you get paid for it. I know so many that have left fields like engineering and chemistry for software.
Yep and considering how my job fucked up my bonus I'm looking to move on again soon. Not one of those grindstone douches. I've got kids to feed and want to eventually get a home they can grow up in. I have no interest in being rich. I just want to earn enough that my wife and kids don't have to worry or go without.
I used a similar strategy to get to where I am today in tech. However, my end goal was not to maximize my pay, it was to find an enjoyable job that also had a fair and sustainable compensation structure. I am one of the lucky ones who found such a place at a small private company that’s been around for ~20 years. Big tech and startups will suck the life out of you, and government work generally doesn’t pay well.
At 58, here's what I've learned: You will never get rich working for others, so don't ever make work a priority. Working life is never about the money. It's basically high school politics, so never take any job seriously. Get what you need and move on. Always have a side hustle. Take care of your health and body and marry up!
@@spencervance8484as a female I think hypergamy is also an outdated model. E.g. A guy at work asked me out and he's a manager but he has a luxurious lifestyle and devotes everything to climbing the corporate ladder that I as someone who leaves frugally, does the bare minimum and has a side hussle wants to be financially independent by 40, just can't afford it. Marrying the wrong person applies for both genders and for me financial independence and family is my number one value. In fact lately through exposure through my side hussles I've been vibing with men from technical jobs like carpenter, web dev. Their humble nature and blunt to the point is very charming. I wouldn't see marrying the manager as marrying up (being presumptuous that I won't get dumped here lol) just as I wouldn't see marrying a carpenter as marrying down.
My first year in my field. I saw 5 guys pass away around retirement or shortly after. All of them worked 6 days a week and never took vacations. They all had plans to retire with big bucks and travel or buy a RV etc. one guy had 1m saved up. Died 1 year before he could spend it. I am 48. I spend my money now and travel and spend time with my wife and kids. I will only have a house paid off by 65 and free healthcare. If I retire and get cancer. At least I can say. I enjoyed my money and did not make my job my life. My mom passed away 6 years after retirement. Screw that!
In 2021 60% of the people walked out my job. I stepped up worked 50 hours a week, I did things completely out my job title. I have 3 kids and took time away from my kids and gave that time to the company. I have 8 years with company, I can got to different departments and completely run these departments. I worked so hard to prove myself thinking to myself they will throw the old dog a bigger bone. Will I was wrong I got a $0.25 rasie and they hired new untrained people and started them out at $0.75 less than me. Here i am doing way more than everyone else with more experience and skill for new people to come straight in the company with no experience damn near on my pay skill. I also trained these new people. Was denied another rasie because they said a recession was on the way. They rasied all their prices and continued to have tons of sells.
Clearly you know how to make that company work but your efforts are not compensated. Why not apply on other companies with higher rates? Dont resign in your current company, but if another company sees your value, it is time to consider.
If I were you I would apply to other companies that pay more than your current employer. I would also look to work remotely . Your kids need more of your time. your mental health is more important than your current employer or job . The current employer doesn't value you.
@@georgewoodget271 such coworkers and boss underestimate bmo. If you know how to run the company on the ground, you are more than its, ceo haha. Your advise is correct. Let bmo find a new conpany who appreciates effort
I am sorry. You are a smart person and correctly deduced your company’s lack of respect for your contributions. It’s time to polish up your resume, interview when you have time, and offload what work you can to others. Your children deserve an attentive parent, and you deserve a job where you are treated correctly, compensated fairly, and given time off to enjoy with your family. I wish you the best of luck.
A large part is people have come to realise that corporations don't care about them, it's shattered the illusion that you're 'part of something' and should be loyal when they're so happy to lay people off at the slightest downturn of profits whilst keeping wages low as possible for decades. Now we've got a reverse situation they're offering these large salaries to entice people but the damage is done, someone keeps a boot on your throat for years they aren't going to suddenly make friends when they offer a slice of cake.
Yeah, it's weird that anybody ever thought a corporation would care about them. A corporation isn't a sentient entity. Many corporations employ managers who care about their employees, even going so far as to protect their team to the detriment of the corporation as a whole. I've known some managers who protected their entire organization by misrepresenting headcount requirements or fighting to keep projects that will never succeed. But I've also known managers who only protected their small group of favorite employees. Good for you if you're one of the favorites but not if you're a non-favorite who suffers from the non-optimal management decisions. But anthropomorphizing corporations never made any sense. The individual people in the corporation are the ones who either care about their subordinates or don't, and those people have a wide array of different priorities.
I think the reality is that corporate jobs are really not a good way to go. Smaller companies tend to be a lot better since there is a better sense of loyalty. And not just from the employee but the employer. That is why you see many small companies still with workers who have been there for 30+ years for the majority of the people working there while in corporations you just don't see loyalty. I mean there is a huge disconnect the larger a company gets. Its a very different experience when the owner of the company is working by your side and knows everyone who works for them from a company where the owner/ceo doesn't even know the names of 50% of their employees and is an in individual you will never lay eyes on. With the corporation of the US with fewer and fewer medium sized businesses and small businesses you will see less and less loyalty. Loyalty is a 2 way street. If the employer is not loyal then why should they expect their employees to be.
It seems that there is a narrative pushed to try and squeeze every bit of productivity out of low and medium workers in the prime of their lives with low compensation in the dream of making more in the future. Workers are influenced to hold off on starting a family and that the company is their family. But if the company fails or workers are laid off, the corporate family is gone with no real family to go home to. However, with a severe drop-off in population, there seems to be a labor shortage. So any job that can't be automated, shipped overseas, or filled by a random migrant seem to be safe and even vulnerable to a demand in wage increase.
Promotions lead to more responsibilities. More responsibilities leads to more work. More work leads to stress. More stress leads to death -Financial Yoda
I was a part timer turned full time supervisor and later asked to apply for management position. By that time, I’ve learned and quit the job. Bloody disgusting that place was. They just overwork you until you burn out. It’s not worth it.
Yes indeed. And then there's the game they play in which you're led to believe that the $1 is beyond the norm, and you need to be so appreciative because your higher up had to "work really hard to get you that amount." Meanwhile the dipshit who approves that $1 makes close to 6 figures for sitting in an office and has no idea what you actually do day in and day out.
It boils down to passion. If you’re passionate about what you do, it doesn’t matter the hours you have to do it. Reality is perspective and perspective is built with strategy. I’ve had my fair share of losses but trust me when I say, financial education or rather life education in general is important. It’s unwise not to ask questions. Again, what do I know?
“Like all learning, financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions that affect one’s ability to attain the assets, such as education, property, and savings, that improve economic well-being.” - Alan Greenspan, economist and former chair of the Federal Reserve of the United States
See, that's exactly one of the mindsets that has changed with covid. Suddenly having so much free time, people realized that no matter how passionate you are, free time is very important. Yea sure, maybe not no work at all. But also not working 40+ hours a week and between all other things (driving to/from work, breakfast/dinner, going to the gym, parenting the kids, showering, etc) leaving basically no more time for any relaxing, hobbies, trips, or family/friends. A few decades ago there were still incentives to work long hours. Actually being able to afford a decent life, worth-while promotions, decent healthcare, etc. But those have disappeared as well. 2 people working 40~50 hours can often still barely afford the cost of living, raises have become less than even inflation, promotions put so much extra work on you the money isn't worth it, and despite having healthcare coverage people still have to go into debt to pay it off. Not to mention that there is no company loyalty at all in most places, yet they expect loyalty from you. TL;DR: the economy and employers have turned to shit, so if you're screwed whether you work your ass off or not why not take more time for yourself/friends/family? Why slave away at your jobs for 40+ years when you might as well actually try to live a little instead?
Perspective is also shaped through experience. People that claim "I've been through hard things, but now I am success!" Have not been through hard things.. At least not relative to many of the people that have consistently been through much worse. Or they're a sociopath, and therefore; certain things, like not having any friends, a lifetime of betrayal from other people, never having a significant other, .etc; doesn't bother them. As well, sociopaths, unlike autistic people, are rewarded by society for their mental illness, instead of being treated like a disease. I'm not playing the victim card; I've just learned categorically by experiences throughout my life, that I don't want anything to do with our current society.
As a career engineer what is crazy to me is that the more specialized, experienced, and capable i become, the less work Im required to do, and the more pay i get. If this trend continues, soon ill be banking mad $$ and not doing anything at all.
My friend who worked himself up the corporate ladder at a big media company siad the same thing! 😅 The stories he tells me about the senior executives are wild!
@@mumu1520 well I started with an EE degree, but I'd be lying if I said i do anything I would consider hardcore engineering anymore. It's mainly software and automation now at minimal effort like I said.
I am over qualified for my position. I am an Electrical engineer, got my P.Eng, got my PMP. I am doing project management and I am always surprised to find myself being the only person able to do stuff around the tables with all these breath of experience with gray hair. It is babbling how stupid they are...
More afraid of being promoted than fired? I can totally relate to that. I like the position I am in. I don’t want more responsibility. I don’t think they would pay me enough to take more responsibility.
@@jasonhaven7170 Keep in mind that higher tax brackets mean your take-home pay would not double. Realistically, a professional might be looking at a 15% raise that's only a 10% increase in net income.
@@jasonhaven7170 that's the thing, they wouldn't even double the salary, and even then, it's sometimes not worth the effort. There is a legitimate limit to how much income before additional income becomes useless. If you comfortable with your life and spend $1000 a month on food, you won't spend $2000 on food just because you earn twice as much. You can only eat so much. Additional income at some point will only increase your disposable income and if you learn be comfortable with not being a constant consumer, and rather enjoy life. Taking on more work and income doesn't make sense.
I can relate 100%. I don't want a promotion because I don't want the increased job stress. When I started my career I used to think I wanted to be a top level executive in my profession. Before COVID I had another organization try to recruit me to be their managing director, but the pay was only 50% more than what I was currently earning with 4 times the responsibility. I declined the offer. However, after going through COVID I saw the sheer amount of BS my boss had to deal with and I decided I wanted nothing to do with top level executive management. I'm in middle management and I will likely stay that way. I decided that if I want to increase my income I'm going to focus on becoming a really good investor and have been working to develop those skills instead.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now. Currently, I'm facing some challenges and wondering if there are any short-term opportunities I can explore to help scale further. Any guidance in this regard would be much valued.
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks, you can minimize risk.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $650K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Teresa L. Athas” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
I quit my job 3 months ago. My employer beg me to stay and said was there any they go do to make me stay, I said no and it’s not even about money. I’m a freelancer now, I make less than I did before but I’ve lost 20lbs because now I have time to make healthier food. This is a way better lifestyle . And now I can even spend time figuring out a proper budget to make up for the less pay. Working every day and having little time for yourself has a high cost to it
That a real talk Career has changed alot, I even quit my my job as an RN last two years ago after almost 16 years in the field. It was not an easy decision, but life is too short to dread going to work everyday. No amount of money can buy real happiness, but friends I'm not asking you to resign from your job or abandon your business but be wise!
It all depends on how much money you make. If the options were work a job you absolutely hate for $100k or work a job you absolutely love for $50k then most are probably going to take the hated job. If the option is work the job you hate for $200k or work the job you love for $150k then giving up that extra $50k doesn’t sound so bad.
If you are valuable enough to a company, they will keep you. The thing we all need to remember is that those companies do not care about you, and you should return that in kind. Do whatever you can to extract as much value for yourself as possible and after a few years unless your ascending the ladder, move companies for a raise. Even if you do not want to climb the laladder, you'll make more.
People can care about people, companies are inanimate entities who cannot. If one is lucky, there might be some decent people working at the company to make the time there nice.
Ex-Strategy Consultant and I approve this message. I unintentionally followed the playbook. Started off at a big consulting firm job hopped working at 5 companies in 10 years. Got up to 200K in compensation and realized I was better off transitioning to a career in sales where I could be in control of my earnings as opposed to hitting a literal ceiling.
So companies putting more money into recruiting new employees instead of maintaining current staff has led workers to no longer see their current employers as aligned wit their career ambitions.... who would have thought!
This is literally spot on. Im so cozy in my minimal risk/stress role at my work that if i was offered a promotion i would refuse it. Aint about to pick up more stress for some more pennies.
I use to work at Dunkins a few years back. I was there for a total of 6 years and the entire 6 years I only made $9/hr. I was originally only supposed to work 8 hour shifts but ended up working 16 hours every day for 6 days a week for 6 years for only $9/hr. I ended up quiting cuz I was being disrespected by co workers and boss, I was asking them to just help me with keeping the store clean and help me get some of the closing duties done before the afternoon group all leave between 2pm-4pm and to make sure things are set up and ready for me when I come in in the morning....no no one helped me. Even my boss told everyone to ignore me asking for help and that I could do it all myself, my co workers basically refused to stop working cuz they saw I was going above and beyond doinging extra shift and being able to jump around and work at every station so they all decided to back off on the job for a while and let me handle the store alone all day. After a couple weeks of this I walked out at quit cuz I was done being taken advantage of there
My mother and father worked 30-40 years each for the federal government and a private business. They both had so many mental, emotional, and physical health issues that they can not enjoy there retirement pensions. I get pissed each time I see them taking tons of medications and attending weekly doctors appointments. From what I see with my parents, they endured years of abuse over the last 30-40 years. I vowed not to subject myself to this. The newer generations will not accept this type of abuse. We are not lazy we just not tolerating the Get a good job with benefits and work until you die BS!
I have five years left until a defined pension for life working at the same location. I was diagnosed with cancer a few months ago and awaiting treatment, so getting nervous about my health. I’ve also had a side hustle for 18 years but that was mainly to deal with losing half my stack due to divorce. If I didn’t get married, I maybe would already be retired and driving a Porsche. On the other hand, I knew nothing of money and personal finance until I was forced to learn it for the same reasons. Good lick everyone!
That was my previous work. Worked in a factory where productivity was pushed on us and constantly more responsibility, but rarely did they try to compensate me. If i wanted more pay i needed to learn a higher skill but the amount of extra effort and learning needed was not sufficient, but now i hopped to a different job that has the same pay but 50% less working hours, easier work and free food. Instead of working 5 days a week i work usually 2 days a week leaving time to either work extra or enjoy my new found freedom.
I agree with you that climbing the corporate ladder no longer has the appeal. My supervisor has to manage a team on top of his day job. He works long hours every day and has to have several meetings every day. The money has to be really good to endure that.
This reminds me of when Chandler quit his job because he felt that accepting a promotion would be like admitting that data processing had become his career, as opposed to the temporary job he wanted it to be.
My dad's company hired my dad fresh out of high school with 0 experience. They gave him training. Promotions and salary increments were real and worthy. They treasured their employees and people stayed for 40 years.
I always intended to get a job and grow with the company and retire. Staring in '87 I tried this and was was laid off after 14 years. Then tried again and was laid off after 8 years. I've seen the cycle in all the companies I know about. It's nearly impossible to stick with a company even if you're providing value to them. So, I don't know that this is new. Good companies offer good benefits including 401k matching, but no one has pension plans or retirement packages. It's been that way since the 80's so I don't know how this could be considered something new.
" new" in a sense that youtube has videos on this topic. Movies, tv shows shows the " stay loyal" in a company till the employee retires. We all know this " myth" of climbing corporate ladder in 1 company gets more difficult. Hopping to new companies is more realistic.
People need to realise companies will pay you as little as they can keep you happy. Be 5% better than your peers and ask for pay increases every year and if they don’t give it to you leave and find another job… build an investment portfolio at the same time and you’ll be able to “retire” (pursue your passion) at mid 40s instead of mid 60-70s
@@Lonovavir I’m in the UK so we get very good tax relief on pension contributions, but doing investments outside of that too means you’ll be setup later in life from multiple sources. Just wish I started earlier!
I was working a unionized grocery clerk job in California. I got so burnt out co-managing the dairy with all the overtime, long drives, flip-flopping hours, and a couple of back injuries lifting a lot of product. Meanwhile I would see other workers call out sick once a month and I would be utilized as a backup cashier because most were slow, which took me away from my primary job. The compensation is how much time people put in, not performance based. Lazy workers that been at the store longer that me got paid more than me. Then I found a better job, put my 2-week notice, and I was offered a $2 raise that day as an initial offer. Yup, you have to look out for yourself. Companies will "optimize expenses."
I don’t avoid promotion due to work life balance, but because I love technical work. Being a manager and spending more time on meetings with management instead of users, and doing paperwork would make me want to die.
This is how I feel about teaching vs being an administrator or professor. Sure, professors teach and earn high, but research in a field like English sounds boring AF. I like learning and teaching. I'm also interested in growing my skillset outside of education as a field.
Same here, in my field there isn't much hierarchy so any step "up" would mean I'd no longer be doing what I like doing. It'll be budgets and office politics and maybe even getting in the way of my team... Funny thing is I told that to my last manager and he was quite upset I didn't have "ambitions". I do, just not the ambition to do what he does.
My mum, being a nurse, enjoyed direct patient care over the responsibility of managing other employees, so she never accepted the promotion to shift supervisor they kept offering her. She was the most senior nurse in her sector for years, but never changed her mind on the issue.
As a shift leader at Dunkin’ Donuts I was regularly making more than my manager on a weekly basis and he was putting in more hours than me. He kept begging me to take a promotion to manager but I always turned him down. I think I could do the job, I might even be good at it, but it’s not worth taking a pay cut and additional stress to do. I’m not surprised that this issue just gets worse the larger you scale it up.
Similar situation for me. Worked as shift manager at Arby's, but never became assistant because that meant 40hrs plus 8hrs mandatory overtime. I rather keep my personal life.
@@edwardthach1849 shift leader was a step above the average employee and it was because I was being paid per hour, and eligible for overtime pay, he was on a fixed salary and could not get overtime pay. I was working ~60 hours a week and making more than he was when he was working ~80 hours a week.
Governments/Companies/Organizations want good slaves who are married/have kids. After about 20 years working, I'll tell young people you should not have any loyalty to any organization, they will turn on you in a second when its convenient and fire/replace you. Also to ensure no slavery, young people do NOT get married and do NOT get a girl pregnant, make sure she takes the birth control pill daily in front of you and both wear protection. You will just condemn your new child to increasing poverty and freedomless slavery and these control/money/job trends worsen. Promote this idea in videos and social media to help prevent more young people into this new slavery.
it depends what your goals are. if you are planning to leave dunkin donuts in 6 months. your better off taking that manager role. work as a manager for 6 months then you use it as leverage to get a pay raise for your next job but also a better position. if you plan on staying at dunkins for another 2-3 yrs. it's not worth taking the manager role for more work and less pay. so it depends on what you are planning. if you plan on bouncing in 6 months time. it's better to take it and then bounce in 6 months.
another thing is many people are realizing there is no point in wasting time to make fake money/for tax if you make $80k, you are taxed by the gov about 40%-50%. using SmartAsset's income tax calculator, you can see the tax break down, Federal (13%), FICA (7.65%), State (Maryland 4.5%), Local (City 3%), property tax (4%), sales tax (6%). totaling about 38.15% Just realizing every extra hour you work, you work 22 minutes to pay government, then they send money oversea, spend little on our country and they create inflation so the money you save becomes worthless when you try to retire. seriously. why work so hard?
I’m 65, and I’m working a full-time day job, and a part-time evening gig. I’m still wondering how all this played out, and I’m going to have to do this another 5-7 years. I mentor young zoomer and millennial men in my faith community, and I tell them this- Respect is where you find it. Give a good faith effort and integrity, that’s it. Never rely on an employer for anything. Self-fund your own retirement. Expect to jump jobs every 2-3 years. At will employment terminations are far more often arbitrary than causal. Expect to be shown the door in seconds and on a whim more than once in your career. Get in and out of the workplace asap. Unless it’s STEM, stay clear of universities. Look at trades, dirty nasty nobody wants to do it jobs (cleaning septic tanks, etc), or entrepreneurship. Most of these guys connect the dots.
Remember Mike Rowe’s TV show, “Dirty Jobs?” A few years after the show was over, he said that a lot of those guys were multimillionaires. I think he specifically mentioned a guy who had a business cleaning out septic tanks…
Companies have failed to balance out the triangle of Role, Work-life balance and Pay. You used to get to pick two or even 3- promotion either meant better pay comparable to work or less work overall or sometimes both. They eroded the pensions, the pay stagnated and the workload got more concentrated with layoffs and the constant drive to keep productivity increasing year after year at the cost of personal life. They aren't providing enough value now in relation to the cost on your time or effort.
Ill be honest, ive only moved up slightly only cuz I never liked the idea of having to answer to someone. Problem is since 2004, Ive always been at the bottom of the totem pole in everything: call center, layout artist, retail associate, data entry, instructor, bank teller etc... never moving up the ladder or getting screwed over in one form or another. This job Ive had since 2019 has been very good with me wherw Ive gotten promoted to a lead... which I am perfectly fine with. I have a manager, but she leaves me alone as i know what Im doing and I can help my coworkers. My pay has gotten up 60% from my previous job, and my time off has increased from the typical 2 weeks and 3 personal days to 5 weeks and 1 wk sick time. I get an 8% match on my 401k and I get great medical, dental and vision benefits. Overall, Im happy where Im at, and I can handle many years here. The ppl ive worked with have been here for 10+ years and I wanna join thay group.
I was offered a “promotion” to review the work of 2 people with 20+ years more experience than me to handle a large client account. I had about 3 years experience in the field. My manager also said this would be a lateral move. I knew this was a setup and would be a nightmare, not to mention the audacity of them not wanting to pay me more money. When I declined the promotion HR tried to get involved and asked me why I declined so I told them flat out. A couple months later I was laid off. These companies do not care about you. Use the job to get the skills you need, change jobs for pay increases and a better office culture, start a side hustle, and work on a plan towards permanent entrepreneurship. Corporate America is a wicked evil place and it’s full of phonies and psychopaths. Literally.
My Mom died at 53 after working 30 years in the NYC board of Education- she never got to retire… Her dream was to retire and move to Europe and live in France…. I retired at 41… I spend 6 month a year in Provence and 6 months a year in Tuscany! I am 47 now… Every cappuccino or cafe au lait I drink in the morning, I do a little toast to my mom… retire as early as you can, the future is never promised
I used to be in the military and I got out and people were like, why didn't you stay long enough to retire?? And I said I hated it, they tried to control how I live my life in uniform and out of uniform. And people typically respond with "but it's such a small part of your life". Just for reference, everytime I'd go into work, I'd pray I'd get injured in a car accident or something that would prevent me from having to come in. I told someone else that and she said she thinks the exact same thing before she comes in lol. Just my personal opinion, but if you're a company worth working for, I shouldn't have to sign a several years long contract that's nearly impossible to get out of honorably unless you just finish out the contract lol. I read somewhere that said America is young. And if you think about it, we do act young. There are some countries that sorta have it together and they're not out here having so much pushback all the time. And I think it's because they're "old". They've lived and learned. They understand the importance of family and health and rest and peace. We're still young and trying to show off our feathers. I think one day we'll finally get it.
One of the nice parts of the conscript army here was that no one pretended the army was a good job or would train you in skills useful in civ life. If that happened it was incidental, but most of my older relatives were trained in things necessary for the army. The army needed them to range in mortars and solve field traffic jams.
I think it's absolutely beautiful and an expression of pure good that people have stopped falling for the exploitative lies of the system. But I also think it's only natural that they have - it's enough to look at all those people who've given their entire days and even weekends to their companies for years, not going nearly as far as they had hoped it would take them. If working just 8 hours results in the exact same outcomes, why not do that?
Was told by an interviewer that I had a lot of job hopping on my resume. In the past eight years I have had four jobs and only voluntarily left one. The first I was a contract employee for three years; yet let go because the company was in a projects slump. So they wanted to move full time employees into the area I was working in. Thus letting go of all of us contract employees. Second job I was let go due to covid lockdown. Self explanatory. Third job i left after a month due to the fact that the hiring agent misrepresented everything about the job; from duties to pay. I only held out for so long until I got my fourth job. Fourth job I was laid off due to the fact that our company lost the logistics contract that they had with another company. Over 1700 of us were let go. Would probably had stayed for many more years at my fourth job if they were able to keep the contract. It was decent pay and close to where I lived.
I work in cyber security and I'm one of the people who tried to take on more responsibilities and I can tell you, it's BS. I've put in dozens of after hours work the past couple years and no matter how much devotion I put in, all that matters are the mistakes you make. I'll be on calls late into the night, work long after hours to fill my time card, and all that mattered at the end of the day was the fact that I missed a couple meetings and was a bit slow on 1 project.
I think many of us have watched our parents be unhappy at work trying to get as high as possible at unrewarding office jobs to be able to afford a stable life and family. Now stability is harder to get, even when working these jobs, so why bother. We don't want to be stressed and unpurposeful for the whole week like we saw our parents at home. Specially if we're missing the reward.
It's sickening that people accept this bullshit I don't nobody needs to die from being overworked to death to provide for their families. Things needs to change in this country like having mandatory paid vacations work less hours and getting paid a living wage
Having spent more than the usual three year span as a company once, I can see the downside of having such a turnover. Every few years, new manager, repeat the same plan, don't execute the plan, new manager, repeat the same plan, don't execute the plan. Rinse and repeat. What exactly is the benefit of a company being stuck in this loop??? Every new manager comes with a "new idea", the same as the last one. So we all spend going over the same "new plan" which ends at the exact same spot as the previous "new plan". And, let me make it clear, this "new plan" is a carbon copy of the previous "new plan".
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I am exactly there. I am applying for the dotation process for an engineering supervisor position, however becoming a manager will double my work load and barelly get me 3000$ more. My salary cap is at 120 000$ and the Supervisor cap is 139 000$. Why even bothering, my house is paid, I am 39, I have no debts and I spend like a university student. I might just retire at 45...
Yeah I'm pretty much never going back to the workforce again. Too much work for too little pay and it was ruining my physical and mental health. If I can just get a job that is 24/7 online and also pays me online instead of requiring me to be at an office that would be great... but companies demand that you show up to work and "hang out" with the employees, who do all sorts of bullying anyway that the company does nothing about...
I'm Gen X- I had a Gen Z frame of mind while I was working. You're not going to grind me into the ground for little pay ESPECIALLY when the financial experts kept saying "social security will not be available." I just didn't see the benefit to staying away from my family. 🤷♀️ Gen Z is fortunate to have social media..they can VISUALLY see that working like a dog for minimal pay isn't worth it. That ship sailed after the Boomers and pension was over. The U.S. sold their souls to China and created unbelievable debt.
Sure, but let's be honest. How hard was it to see that the rat race was just an endless treadmill? It didn't take the advent of social media to have a functioning brain.
I’m generation x - I was like you and did not believe in martyrdom. I refused to work additional hours nor would I burn myself out for crap pay with more responsibilities.
Dude you described my career to a T. So much truth in this video. 10-years ago I was killing myself trying to get promoted to a management position. Last year my company had over 6 manager positions, I was encouraged to apply and I didn't nor did anyone else. They had to go around begging people to apply.
I hear that. At my previous company, I worked my way up from intern to VP and had taken on a team lead role, managing a team that I personally was helping to build. So not only was I still responsible for delivering on my the same amount of project work i had been responsible for before I took the promotiom, I was also managing 6 people and spending hours each week interviewing candidates to reach the 8 headcount I was given. Then in a post-interview conversation with an HR rep who was coordinating the recruitment effort, that HR rep accidentally mentioned the salary offers they were giving these candidates. They were offering people who'd only graduated college a year earlier the same base salary I was making after working there over 8 years. And they were expecting me to manage these folks! It was the most outraged and offended I'd ever been by anything related to my career. Within 6 months I had accepted an offer at different company, making literally double the salary. I had zero interest in managing - the roughly year I'd been managing that team was enough to make me realized I didn't like it. But the hard part was that the experience changed me. Left me jaded, cynical and angry. The fact that employees are now punished for their loyalty is really bad for both the morale of the employees and for the long-term success of the companies doing it. The Great Resignation and plummeting productivity seen over the past year was a clear example of what happens when experienced workers feel unappreciated and under-compensated. They leave and take all of their institutional knowledge with them.
This is me right now lol. I'm a "top performer" in my current role and my former manager was really pushing for me to apply to be manager of the team after she was promoted into senior management and I just plainly refused. The pay increase is not worth the hassle of being in charge of the team, having to join a hundred more useless meetings, being required to join all company events and smooch up to the executives. No thanks!
Brown nosing is something I really don't fancy. Going to parties with people I have already worked with 10 hours a day is so unappealing. Dealing with morons constantly is another thing I don't want to deal with.
Every time I see your videos I get a new view of the world.....I am glad You left your Career and started this RUclips channel ....else we would have missed this treasure
Yeah, the two-year rule is solid. Even if you are happy at your current company, check out the job market in your field - you might find a job that's a better fit for your skills and life balance or you might find out that you can earn more for the same job elsewhere. I've spent most of my career in the Great Recession and fall out from it. Until my current company, I never could get raises at the companies I worked at. Sometimes there would be a company-wide wages would be frozen for a year announcement, and at another company they announced that we were all getting a pay cut. But most of the time I would ask for a raise after a good performance evaluation review and still get told "no" for various reasons. Managers used to understand that if an employee asked for a raise and they were denied, it was likely that they would start looking around at other jobs. After the last recession they forgot that and still view current employees as "stuck" with their companies, which now isn't true anymore.
I am in middle management and have been nudged to pursue my director's position who will be retiring soon. A few years ago I would have been thrilled at the opportunity. Now, after being in management for a while, stressed, over worked, and constantly tested by those I supervise, I couldn't imagine being a director. I work for a governmental entity so 10% is the normal rate of salary increases in many cases. Not worth it!
These days "you get a promotion" just seems to be code for "do more work for the same pay, bitch, and we'll still lay you off the moment it's convenient." My grandpa literally worked his way up from a gas station attendant at Chevron shortly after the Great Depression to being in the upper echelon of executives at Chevron by the end of his career, and the loyalty and care that the company showed him during his entire career is unimaginable today. It's a piece of family history I feel super weird about, because holy shit are Chevron and the oil industry problematic as fuck. But it was a different era, and the culture of work that he told me about was completely different, and frankly sounds alien to me now. I feel fortunate to have a good job with a really excellent work culture, but most work feels hostile and exploitative at all levels these days. Of course it's always been exploitative at low levels, and I have no illusions that Chevron would have treated grandpa nearly as well if he had stayed an attendant or been less useful to them. But you can't even work your way up anymore, so much of the top levels of industry is practically incestuous
Bananas ain’t it? Cadillac gave my grandpa gold Cadillac earrings a Rolex and a chunk of cash on his exit. Me on the the other hand……imma get a brown box and maybe pizza
Up until about two years ago I really wanted to get promoted to the management position above my current position and finally after topping out in pay for my current position I found out it’s only a 55 cent raise from my current pay rate and the stress and responsibilities are not worth that.
I went above and beyond for my last job so I could learn a skill and solidify the skills I already had. Ask them for a raise, they refused. I quit. Got the raise I wanted from another company. I realized that a job refusing to pay more is only giving you an opportunity to get the raise you wanted. So there's no losing. Either they pay you or another company pays youm either way you're gonna make more money. Learn that skill and dip.
Could you speak to the change in demand of a college degree in the future. I refer to the changing in demographics so much so that employers are removing degrees as a requirement for employment. Will employers invest in their employees with on the job training? Will the college degree be worthless in the future?
you put so much information into one video, I am starting to realize the grand insurmountable amount of depth that jobs/business world has. I sat here screamingbecause of how hard it seems to grasp the ever complex world we live in. I want to be comfortable wealthy and not work like an ox... It just seems so hard.
I'm glad I spent so much time working a variety of roles/jobs in my 20s. It helped me learn what I am good at so I can confidently sell those aptitudes when I apply. It also helped me learn what I hated and didn't want to do the rest of my life.
Key point: Not responsible to the performance of any subordinates also means that they are free from the stress of dealing with workers who don't want ti put in any overtime or work towards getting a promotion instead they are only responsible for themselves and their work. If they want ti make a lot more money one month, they can hustle like crazy and work on closing more sales. If they want more work-life balance, they won't be letting down a team beneath them." That's it. I felt that and it's also the story of my life. HAHAHAHHA Freelance consulting for the win!
i think this debunks the idea that people’s greed will never be filled and theyll always demand more, which i always thought was bs and that im not alone in thinking that. all people really want is their basic necessities sufficiently met, so they can pursue what they’re actually passionate about. we only live once, doing everything we actually want to do in it should be much more encouraged i think
Can confirm about the job hopping thing. Myself and a friend started at a really terrible company, I job jumped after 2 years and have continued to job jump every 2 to 4 years since. My friend stayed until the company lost the contract for the work they were doing, then another company bought out that contracting company and cut a bunch of benefits to the personnel who stayed. After 10 years, I make almost double what he does. and I have experience in a solid handful of different IT related positions- so if I lose my current job, I have a fair amount of skills to fall back on that qualify me for a lot of different types of work. So I am not concerned about finding a new job if I need to.
From my experience "going above and beyond" doesn't necessarily mean extra time spent, it more often has to do with attitude and willingness to solve problems as they arise. You can do those things within the frame of a 40 hour work week, and if you're working for a good company your boss will notice and reward you with advancement opportunities and higher pay. If you work in a place that doesn't recognize your hard work it's very simple: quit and work somewhere that will. Don't just sit there doing the bare minimum, you're better than that. Don't wait, be bold and make a change.
@@kaorunguyen7782 all you can do is your best. If that's not good enough for them then so be it. You have to accept that your best will have to be good enough, for you and for them.
@@altumurnemtzra2026 that's fine as well, just don't cheat yourself by not working hard toward SOMETHING. Entrepreneurship is a beautiful thing, and by all means find something you're passionate about and go to it.
Start your career the modern way! Use code WORKS50 for $50 OFF their full course with my link - coursecareers.com/howmoneyworks
Cold call sales jobs. That's what you promoted lol
This is actually kind of a fucked up Ad. You said this is a platform where people can drop their hourly Starbucks jobs and learn what they need to get into "Tech", but both the "success" examples you gave are people become tech SALES people. You don't need to pay any company to acquire any skills for Tech Sales.
Tech Sales is going to be even more depressing and soulless than working at Starbucks.
@@laughingman7882 My thoughts exactly, that's so messed up.
@HowMoneyWorks I am verry disapointed by thid add
Please do an analysis on Ai (chatGPT) changing everything
There's no reason to go "above and beyond" anymore if you're just getting handed extra responsibilities (and liability) with a fairly meager pay increase and even less work-life balance. I'm glad that younger workers are waking up to this and not sleepwalking through life like their parents did.
Exactly
Our parents weren't sleepwalking, tho. They were provided opportunities and loyalty that we simply aren't.
@@Heyu7her3 In this cutthroat environment where businesses are beholden to stakeholders, businesses will try to get away lower compensations or lower quality products. The trick is not letting yourself be exploited.
Go above and beyond on your own endeavors, like starting a RUclips channel, a side business, or even just a hobby if it makes you feel bette
Our parents were not sleepwalking. They were pretty much guaranteed a pension and a very secure job with annual raises. We are not offered any of that so trying to go about things the same way now would be foolish. Above and beyond used to count, now it doesn't.
My father worked for 40 years at one company he retired October 2021. Pandemic hit a few months later he got to do a little traveling before the pandemic but my father passed away from a stroke in Feb 2022. Retirement is never guaranteed and it's extremely stupid to live your life that way. You must find work that gives you plenty of time off during your working years. I hate the fact that my dads life was taken away so early he was only 61.
I'm so sorry for your lost
sorry for your loss
What happens to a persons retirement fund if they die?
@@mirade1 hopefully in a legally binded living trust if the person who died made one otherwise the funds would likely go into state probate which can take a very long time to sort out and is not ideal. My father passed almost a year ago and his estate is still being processed. Depending on how many assets the person has these procedures can takes years. It's not fun at all.
@@CNM3 thanks for explaining, i learned something new, friendly stranger! All the best.
"More afraid of getting promoted than getting fired"
This is exactly what's happening at my current work place. Absolutely none of my peers have the slightest interest of getting promoted. The incentives just aren't enough.
And this is why the trend of “quiet hiring” has started. If people won’t Chase promotions, the employers will just force the additional responsibilities onto you without the pay rise. And also layoff half the workforce for good measure.
@@BlitzkriegOmega well if he does that, you just do a shitty job with the extra work given (since this wasn't in your contract) and he'll pas it on to someone else or fire you. Here in Belgium, if you get fired you get full unemployment benefits when fired, not when you quit!
This buys you time to find something else... Win win if you ask me
Dangerous because it paves the way for the few who would take any position of power for no additional upkeep fees: Psychopaths and Sociopaths.
They enjoy power for power's sake.
Lol me I don’t care I wont
I tell everyone at my job that I will not take a promotion because I literally would bring home $200 more a check and have a ton more responsibilities so I'm good. Just adjust your living and stop trying to have a bigger house, new $50K truck every 3yrs, and spending $1,000s on a ton of unneeded stuff
I love it how doing JUST the job description and nothing extra (for free) is now called "quiet quitting"
Act Your Wage.
Imagine if you took your car to the mechanic and he told you that it was "quiet breaking down" because its engine only made the exact amount of power and torque that the manufacturer says it's supposed to.
Companies set their salaries based on the work laid out in their job descriptions; why should they expect people to do anything more without getting paid more to compensate?
Amen. It’s sickening the amount of corporate gaslighting that goes unchecked. So you’re saying me doing my job well is quiet quitting because I didn’t lick my manager’s nut sack and beg for more work? Working remotely has leveled the playing field a bit
That's the Boomer attitude towards work for you.
“& other duties as required” that’s the catch. They can legally fire you (USA) obviously if you refuse to do extra work they ask.
Can confirm. I literally just quit a job last Tuesday where I was being offered a promotion, which was really just a disproportionate pay increase to the amount of new responsibility I'd be taking on. No, there's no amount of money you can pay me to be miserable. I don't want your money, and I don't want to run half of the business. I want to be able to clock out at 5:00pm and relax with my family and enjoy my hobbies.
All the money in the world does nothing for me if I never have the time to enjoy it.
Same.
Work has been begging me to "promote myself".
"But you'll get a raise."
By what, a dollar? I'll literally be assistant manager looking over 100 staff members and manager an entire store and making not much what I was already making with MORE HOURS.
Nope!
I'm working 45 hours and in a few years will be demoting myself to regular full-time as assistant manager for my current department.
Exactly!!!
Don’t worry, and you’ll be replaced easily!
Why do you think is it that people from Nepal and India are brought over by the hundreds? They’re your replacement.
I just took a promotion in November 2022 and regret it. More money yes, but I hate working here now
same. took a pay bump but lost my freedom. dummiest mistake ever. i spend what ever hours i have left watching trucking videos
A lot of people have realized that no matter how hard they work they will never be able to afford a house or retire so they give up and just scale back to working enough to pay bills and survive and use the free time to exercise and enjoy life
This is 100% me.
I bought a house for my mom right before the inflation hit, and watched on real estate apps as all the houses in our area went up by 50% in price minimum. I realized that at the rate things have been going the past 4 years I've been getting further and further from my goal of owning a home despite my hard work. The moment I realized that I went from working 60 hours a week, to working 40 and spending more weekends eating out with friends and family instead of pinching every penny.
Everyone is able to retire, the trick is starting early and getting your employer match.
@@Foogle6594 and hoping the stock market doesn't crash when you retire and wipe you out
Back in the 1990s, you could buy a house near Central London for £80k, now it's £600k minimum. Salaries in London went from £19k median to £41k median. Houses are literally unaffordable.
@@Foogle6594 Paul, I feel like you got it all figured out, quick question though, how old are you?
“Do the least amount of work but just enough”
My mom (in her 50’s) works as an NP. She is only supposed to be there 8 hours. She works 12-15 on average.
I work as an accountant, (in my 20’s) I turned down being controller because I rather fly under the radar and do minimum work. Than make a little more more to do WAYY more work.
When I tell her that she is doing too much. She debates it… the older generation is stuck in their ways.
Finesse your regular job. And do something you enjoy. These companies don’t care about us.
Well, it’s possible that she is doing it for society rather than her employer.
I'm guessing by NP you mean a Nurse Practitioner, which is a far more important job than that of one in banking or finance. She doesn't work long hours for her company, she does it for the people she's caring for, people who actually need the help. Healthcare is full of people like that because they go into that because it's a passion of theirs, as well as there has never been and never will be enough nurses or doctors to fill in the gaps so no one has any real choice, unfortunately.
@@aliannarodriguez1581 Harming yourself for society is never helping society, it is the government's responsibility to have enough nurses working
Hey I'm going to study accountancy soon, it is really that bad and where u from?
Exactly my ideology haha. Do the bare minimum but find skills that are in demand, as the ROI is really good
Labor shortage has always been one of the funniest terms to me because it is just companies saying they don’t want to pay people and complaining. Like obviously there are super technical jobs like doctors where you could actually have too few qualified people. But the vast majority of jobs could be staffed by most anyone if you payed them fairly and trained them.
Won't happen under capitalism(fascism) unfortunately.
CEOs be like "muh profits tho"
@@user-gz4ve8mw9l if you're seriously conflating capitalism and fascism then you don't understand either. Corporatism, yes, but not actual capitalism. Honestly, the problem is that we don't have an actual free market. We do live in a cproratist one (at least on the macro level anyway).
@@Tyler_W The end form of capitalism is a monopoly. The bigger fish eats the smaller one, until only the big fish is left (see Amazon, which are on their way there for some time already).
If you're "lucky", you might end up with an oligopoly (like in telecommunication right now in the US and Canada), where you can at least choose between a few companies to buy from - even though prices will be way too high, and the quality way too low then, too, since there is no other competition anymore. And if there is only one (or a few) companies where you can work, have fun trying to get a good job, too.
"But then another new company will show up, because capitalism!11!!!eleven!" - yes, it *might* show up, be there for a couple of years, and then will either be bankrupted by cheap prices from the big fish's business(-es) or even be straight bought out by the big fish, because *the big fish has the resources to do so, while the new company doesn't* (see Wal*Mart).
The only way to prevent this outcome is to actually have serious regulation in place (which is actually the opposite of capitalism), to prevent this end form of capitalism - this includes something called "anti-trust legislation", and as such is something the big fish are trying to get rid of ever since it was introduced (and in the US, they seem to be on their way to get this done, too).
When 1% of the world population holds over 50% of the world's wealth, then you know that something is wrong with the market model you are using.
Edit: Before somebody gets some funny ideas: communism or socialism is even worse. The best solution seems to be what some European countries (still) have, which is a capitalistic system combined with strong regulations in place to keep up fair competition and a welfare state. But the big fish are trying their best to get that converted to pure capitalism as well, and already were able to throw a few wrenches in those systems, too.
@@Tyler_W Capitalism is the economic maintenance of fascism; you can't change my viewpoint
I worked in a administrative position for 7 years at a fortune 100 corporation during my 20s. I applied every chance to any new opening for a promotion and was constantly overlooked because other staff had seniority. The final straw was when a fill in position in my department opened up for a supervisor that was out for a few months on maternity leave. They hired a young 21 yr old fresh college grad who was clueless and never had any experience supervising let alone working, it was her first job. I realized the whole system was screwed and the falsehood of room to climb the ladder. It was a sham. I resigned and never looked back.
Damn. Hope you're doing well 👍🏿
You were probably too good of an administrator and that's why they would not let you move up. I'm glad you left.
Go to college and get a degree
@@RealEstateClub- If only they actually compensated such positions then
@@PatrickGotHands smartass I had an associates degree at that time and after resigning finally got my masters degree, dont give me advice I never asked you for
My company makes you do a ‘program’ to get promoted. The ‘program’ is just working the next job up without pay for 6 months to a year (sometimes longer and the promotion isn’t guaranteed). It’s the most disrespectful thing a company can do in my opinion.
And I bet some are stupid enough to take it.
That just sounds like free slavery.
Its called quiet hiring
My company will do this too. Saying it’s experience. I call it the company getting problem so do the work and not paying them for it. I won’t do a manager job unless I’m getting paid for it.
My job is like that.
Workers are at their most productive than in any other point in history. What strikes me is that this means people are doing more quicker. That pace is brutal on our physical and mental selves. Leaving us stressed and miserable.
Meanwhile wages have flattened and mostly declined since the 70s…as the number of hours worked AND the cost of living have increased. Capitalism is 💀
What are we more productive at?
@@crescentprincekronos2518 look up the productivity pay gap. productivity can be quantified by the amount of income generated per hour of work. productivity has steadily increased and pay has stagnated.
@@codyrouse2372 all productivity is not productive work.
@@crescentprincekronos2518 correct. I am referring to work productivity which is quantified like I said above.
Climbing corporate ladder? The ladder is not available to all new employees.
Even if you give your sundays to the company.
You have to be liked by the upper bosses. It does not matter if you have stellar performance. It's a popularity contest.
The minute they dont like you, the exit door will be opened to that employee. They dont care how long you were in the company.
Every Corporation I worked for preferred to hire outsiders for management roles than promote from within. This created the cruel illusion of a career path that didn't exist in reality. And older people wonder why I switch jobs every few years (spoiler alert, it's to get a real pay raise).
@@Lonovavir good job on you getting that raise 👍👍Going to other companies will definitely give you a raise & learn more work experience.
Painful for those people who were loyal but never got promotion.
my coworkers from my first job thought I was " different" when I changed companies. they all stayed in that toxic company.
I work in govt now in my asian country & my bosses are humble cool, young people. Happiest ever been with work.
Govt job here is for permanent position. people are not easily replaced unlike in private companies where boss will show the exit door anytime.
You must work for a small company. In my experience working in large fortune 500 companies, the employee was just a number. When the earnings were bad, the FCO and CEO started laying off hundreds if not thousands of employees. It didn't matter who you knew...
@@travisadams4470 true to a certain extent.
Here in Asia, i tried working both for big & small companies.
Small start up companies are less toxic and wanted the " family" culture.
But still I am still an " employee" that can be removed when not needed.
I work in Govt now where our bosses are young & cool. trusts me 200%. They are not micro managers.
"Just do your job, we let you do your thing" laid back types.
In my govt role, my bosses want me to stay for the long term. Something private companies never made me feel.
@@dianaverano7878 I've learned "No one is irreplaceable" We can all be replaced.
The moment companies started saving money by eliminating pensions and retirement funds was the beginning of the end for the traditional career. The main insensitive many in the previous generation had to stay at their jobs despite better careers being available was wanting to keep their retirement/pension that they worked so hard for. Not to mention, that everyone clearly understands now that you can get be let go at anytime and lose all those benefits anyways. It's like full time simply means being a contract employee for a "little longer". There's not that much difference anymore.
This must be a uniquely American issue because I have no idea what you mean. Where I live, pensions are owned by the individual and managed by insurance companies, and the same pension plan migrates with the individual between jobs. The government also guarantees 30% of your pension in case of total financial collapse. Your pension can't just disappear.
@@talknight2 It’s not as bad as it sounds. In place of fixed pensions we have privately managed retirement accounts that do transfer between employers
@@zacharysilver911 "privately managed retirement accounts" are incredibly dangerous, because if the institution your money is at goes bankrupt than * poof * most (if not all) of your money os gone. One financial crises and you can lose your job and your retirement account at once.
@@NankitaBR so what is the alternative?
@@NankitaBR This is why the US government has notoriously bailed out banks repeatedly. Because if the banks die, everyone's retirement dies with them and then the politicians all lose their jobs and possibly lives due to millions of angry, soon to be homeless pensioners.
I still remember the look on my manager's face when I declined a promotion. There are no words! There was no way I was going to live in that office! I cut and ran so fast, and I'm glad I did.😊
Proud of you!👏🏿
It definitely isn’t worth the detriment to your wellbeing.
My manager offered me her position before she left. A LOT more work and responsibility, as she is the top person at our location (for exam proctoring) but the difference in pay is a raise of 85 cents an hour, totaling $15.85 per hour. I laughed. Hard pass.
Lol so then what happened??
When I took Managerial Theory nearly 20 years ago, I was confronted with the eye-opening statistic that the estimated productive workload in an 8-hour day was only 5 hours. When I finished my MBA three years ago, it was down to 4 hours. The other half the day was wasted on meetings, or just idle chit-chat. So, it's no surprise to me that when people started working from home, they realized that they were going to end up with a lot more free time.
Working from home is the best, next for working for yourself. I actually do both - I have a 40-hour day job 12 hours a day, 4 days a week. In my free time, I have a small business that I am growing. And then I have family pets and stuff to do. Working from home has freed up so much time! And time is the most precious commodity we have in our lifetimes. Don't waste it!
This is insightful. I got my first salary job last year and a colleague let me know a full work day was considered 4 hours and you still get paid your regular salary. From that moment on I vowed to not do more than 8 hours.
Depressingly somewhat reminds me of Squidward's words: "I order the food, you cook the food, the customer gets the food. We do this for forty years and then we die."
If you are lucky to do it for 40 years before layoffs
My father worked all his life, and he passed away (sudden heart attack) last week at the age if 62, he didn't even receive his 3rd pay check! He was such a great man and his passing changed me forever, because it was sooo unexpected! Definetely puts stuff in perspective and shows me what's important in life! Which is building great memories with your loved ones
Sorry to hear that brother. I’ll say a prayer from you
I’m very sorry for your father's passing. 😢❤
sorry for your father. read about islam
Sorry for your loss. The pandemic was a game changer for me. Life is short and precious. Try your best to enjoy it and live with no regrets.
I think you missed some HUGE points in this. Most jobs do not reward hard work with increased pay, they reward hard work with more work. Average raises are 3% of your current salary per year for cost of living increases, however for the past few years inflation has far surpassed this rate. Therefor, the best way to make more money is to find a new job every couple of years that pays more money. Simply put, “loyal” employees are no longer rewarded for their “loyalty”, which is why, if they want any better opportunities or pay, they have to find that elsewhere.
He literally covered all of this lol
Don't companies require letters of reference? That would make job hopping difficult. "Oh yeah, this dude worked here for like a week now he's asking me for a letter of reference to work for you guys? Don't hire this bozo, he'll dip the first chance he gets."
@@cryora you don't dip after a month, you dip after a year or 6 months and they can't give you a bad reference for job hopping.
@@cryora butthurt
@@epic1053 Employers can write whatever they want in a reference and you won't know what they wrote.
Last month I officially quit my job and my 7-year career as a developer. I was making a good living, liked the collective at work and enjoyed the projects I was doing. But there were other downsides as well: an insufferable manager, a miserable amount of overtime and the corporate politics you have to play which will slowly and surely drive you insane if your are simply "not that kind of guy". I became a freelance developer and now I have half the salary but also half the work. The rest of my income comes from my IG modelling which, believe it or not, has more potential to grow and scale than my income from a regular job ever could. The 9-5 model is officially dead. It is just not yet talked about publicly because it would offend a massive amount of people and could potentially cause worker outrage all across the world.
9-5 doesn't work in the age of information.
Most positions will either require way more time investment or won't be able to fill up the 8 hour shift. The concept is as dead as it can be we just don't talk about it because that's how it always was.
I can relate to the Manager part. In the past decade, only about three of my managers didn't immediately start screaming over absolute nonsense.
You are an IG model?
How did you get started as an ig model? Any advice?
@@sahulianhooligan7046 easy be 6ft tall and chiseled chin.
One of the things that should not be overlooked is the fact that companies regardless of what you do simply don't want you on their payroll after 10 years, you cost the company to much money, they want you to move on
But they still hire new employees. The reason is they want fresh blood that's still overly ambitious. Companies just cannot say that out loud.
@@mllenessmarie This, they want fresh blood for many reason 1 easier to manipulate 2 less risk of accidents 3 theyll just accept whatever pay they get and not fight back. Unfortunately the gen Z kids arent falling for this crap and do whatver the f they want, demand anything they want. Its a good and bad situation.
Exactly, I left a job that was stagnant for me (no headroom, not acquiring new skills). Eventually they would think “why are we giving him salary increases each year when we can bring in a fresh grad for less?”
💯 after ten years the 401K match is too much so you gotta go.
Have you ever heard of a way to turn the tables on these companies?
The salary gap between executive and employee is insane, not to mention the golden parachutes of millions of dollars. Until workers are fairly compensated there's no reason to work hard. So far most companies are just digging in their heels.
The more we spread out this message, the better chance employees have at winning this tug of war. Let them dig their heels, it'll give eventually if we keep it up.
This is exactly right. 💯
My wife and I had a conversation about how valuable time. How we can find ways to earn money or make a living but no matter what we do we can never ever bring back time. This has been my life motto.
I currently work remotely due to the pandemic. In the beginning, I worked harder and even got a promotion. But I was getting burned out so I got a new job with better pay. I knock my work out in a FRACTION of the time. Now I use my extra time for personal items: going back to university, fitness, working on starting a small business, and new hobbies.
I hate to say it because it was terrible for a lot of people, but the pandemic has been the greatest thing to happen to me.
@@renevile in the US. I meant it as I never worked remotely before the pandemic. My job at the time went remote, and my new role is now permanently remote.
Some times life just works out that way. I paid off my student loans and started investing while deployed to Iraq and Afghanistan. Horrible wars from which I suffered 0 consequences from and entirely benefited.
The pandemic nearly killed me from the isolation and day to day media induced panic. Even though I was rich.
@@EricDaMAJ I'm guessing you take all the boosters, am I right? I am just curious.
@@rejectionistmanifesto8836 Nope. I got the first one, then the first booster, and that's it. I'm just smart enough to admit I was living in an emotionally painful place. As opposed to a lot of people who to this day think they're OK but are going apeshit in the streets.
I have so many questions, what's the remote job? Are you going to university full time or part time, online or in person? How does one manage that, did you have to reduce your work hours? How do you pay for life if you now have a reduced income, possibly thousands in new university expenses as well?
I don't know how anyone ever thought that wasting almost your entire life at work and then getting to "enjoy" maybe 20 years once you're already old was a good life. This has always been a garbage system.
Thank you. You get it. I always thought it was fucking stupid even when I was a kid.
It was different before. Your starting salary out of college would be, in today's terms, around 80k, then after a few years you'd get promoted to 120k and in your early 40s you'd make around 200k (in today's purchasing power) and could take time off for golf, fishing and "business trips".
So you'd feel motivated to bust ass in your 20s and 30s.
So incredibly true about moving companies every 2 years or so to make more money!! I started my first career job 10 years ago. Sat there for 3 years to discover I was going no where fast..I switched companies and also moved up to senior level at the same time, and doubled my income. 1.5 years later I was promoted to manager, but the increase was very small. 2 years after that it was time to move again. I love my new job (3rd company in 10 years), and I'm approaching 2years soon. Will soon have to decide what is best for me..
My point is, don't sit anywhere too long while you're young. In your 20s and 30s, move around as often as you can!
For once, Federal cube-dwellers were ahead of the curve. Nobody I work with wants to be promoted, and especially not into management, because the 15% pay increase doesn't make up for added accountability and the extra hours that goes with that. Just in my department, multiple new managers took voluntary demotions after realizing their mistake.
My supervisor of 4 years took a demotion to work in another section of the department because being a manager was taking a massive toll on his mental health. From what I've heard, he is infinitely happier not having to worry about inter-office politics.
Going into management is double the responsibility and double the duties for 1% more money. Promotions have become a scam.
My wife became middle management and then demoted herself. The position has seen 2 others over 3 years, so a manager a year taking the role and atepping down because the hostility of the workers and the hostility of the upper management. Upper management wants a whipping boy to blame when production slips but doeant want to higher quality employees at better wages and the employees know they can do anything they want because none of them can get fired for being rude, no calls/no shows, work errors etc. It is a rotten system that breeds mediocrity and wasted potential.
Manager pay looks higher on paper, but after taxes it's an ouchie🤕. You're only outpacing your employees by like 10% in some cases. Rough.
Well, I knew a guy that worked in IT. The guy ended up in a managerial position. He was rarely doing any software maintenance, development or coding or anything like that. He was managing. He didn't like it. He quit and quickly found another job that paid more and wasn't management. Thing is recently he was interested in entering management again...if the pay was good enough. In the end he started freelancing.
I think people are getting wise to the fairy tale they were told as kids where you "work hard, be honest, be loyal, and you will succeed at life." There can only be so many corporate execs, there can only be so many millionaires, and the statistics show that you likely won't be one of them. It was always kind of a ruse to get people to work harder than they normally would. It never really was true in the first place and now people are reclaiming alot of their lives. Work is important but should never be the #1 focus in your life. Make sure to take care of yourself, your close ones, and your community.
I think work hard, be honest, be loyal, and you will succeed at life is still true. HOWEVER, what is left out is loyalty is a 2 way street. The issue is that many of these companies are not loyal or honest. And as a result why the heck do they expect the same out of their employees. The old adage is the key to success from both an employee and employer standpoint. If you get a good individual, be loyal to your employee and pay them what they are worth and keep them along. If they don't want to move up, and are good at what they do, pay them. Other companies cannot take employees that are being given fair compensation for their work.
And of course being dishonest will get you fired fast from any job. Not to mention meeting loyalty with loyalty leads to a really good career option. Given you find a loyal employer. The interpretation of that old adage for loyalty is that you should be loyal and expect it back. If it is not given then you should find somewhere else to work. This is the ultimate reason the for the state of things. Loyalty does not exist int he corporate structure and you are meaningless. And that sort of environment is not going to get loyal employees. If they pivot and become loyal to their employees, then they should expect loyalty in return. But its a 2 way street and them being the people in charge need to be the first to initiate that relationship.
That last one is really true. My dad worked hard in a low paid job to afford a good life for us. Because of that I was able to get a good degree and job and earn triple what my dad did adjusted for inflation at the age, but he afforded a better lifestyle then than I do now. What's the point in working 60 hours instead of 40 hours for 20k more $ which doesn't change your life. After taxes and per week that affords a nice dinner once a week, which is cool and all but not worth 50% more of my life at work.
A few years ago in my job I was asked if I would be willing to work at the next grade up, but with no pay rise, to show that I was able to do the job so I could apply for promotion. I told the boss that if I was good enough to do the work of the next grade then I was good enough to be paid for that work. Needless to say it was never mentioned ever again. Employers have no loyalty to workers adn they WILL take the piss if you let them get away with their bullshit.
As a first gen American and first one to go to college, corporate culture was a shock. So much wasting of time and practices that are ridiculous. Focus on yourself and secure the bag. That’s the “career.”
My last job kept attempting to heap responsibility and encouraging me to go above and beyond, all the while providing little to no incentive to pursue this. After a couple years experience, I was offered a better position with better pay and took it immediately. Lots of companies seem to put the blame on the worker rather than their antiquated practices for loss of valued workers.
Couldn't agree more, I work in a pharmacy and the pharmacists and managers work so hard, have to come in 6 days a week, have to keep ontop of supply, rosters, patients and any changing legislation surrounding any drugs we might stock, often in their own personal time. Yet my manager makes 3 dollars an hour more than me. Which at the amount I work would be about 73 dollars extra a week. I don't think those 73 dollars a week are worth it when all I need to do is show up on time, do my work and then leave.
What are people in these comments doing that they just get offered these amazing jobs right as they want to leave their other jobs?
@@borger99 lmao dumb luck. When you have millions of people watching a video, someone has to get lucky
@@BigJeffeDaGoat _"lmao dumb luck. When you have millions of people watching a video, someone has to get lucky"_
EXACTLY. And how rare it is for one of those who got lucky to actually acknowledge their luck. So thank you, mate. That was as close to a breath of fresh air as one can except from a RUclips comment section. And long may your luck on your personal career path persist.
@@BigJeffeDaGoat some people make there own luck
Can confirm. Went from making 13 bucks an hour to the salary equivalent of 35 bucks an hour just job hopping every 1-2 years for the last 4 years in the IT field. I don't think I'll ever stay at a company long enough to retire if I'm only going to be getting a fraction of those increases and companies still reserve the right to leave my children destitute because it looks good on an execs spreadsheet.
Similar! I'm 28 and get equivalent to about $54/hr plus bonus.
Congrats on your financial growth
IT / Software is one of the few good careers left. If you know your stuff you get paid for it. I know so many that have left fields like engineering and chemistry for software.
Yep and considering how my job fucked up my bonus I'm looking to move on again soon. Not one of those grindstone douches. I've got kids to feed and want to eventually get a home they can grow up in.
I have no interest in being rich. I just want to earn enough that my wife and kids don't have to worry or go without.
I used a similar strategy to get to where I am today in tech. However, my end goal was not to maximize my pay, it was to find an enjoyable job that also had a fair and sustainable compensation structure. I am one of the lucky ones who found such a place at a small private company that’s been around for ~20 years. Big tech and startups will suck the life out of you, and government work generally doesn’t pay well.
At 58, here's what I've learned:
You will never get rich working for others, so don't ever make work a priority.
Working life is never about the money. It's basically high school politics, so never take any job seriously. Get what you need and move on.
Always have a side hustle.
Take care of your health and body and marry up!
Exactly my thoughts! I learned this a couple of years ago, I’m 40.
That last one: marry up, only applies if your female
@@spencervance8484as a female I think hypergamy is also an outdated model. E.g. A guy at work asked me out and he's a manager but he has a luxurious lifestyle and devotes everything to climbing the corporate ladder that I as someone who leaves frugally, does the bare minimum and has a side hussle wants to be financially independent by 40, just can't afford it. Marrying the wrong person applies for both genders and for me financial independence and family is my number one value. In fact lately through exposure through my side hussles I've been vibing with men from technical jobs like carpenter, web dev. Their humble nature and blunt to the point is very charming. I wouldn't see marrying the manager as marrying up (being presumptuous that I won't get dumped here lol) just as I wouldn't see marrying a carpenter as marrying down.
What I have learned is that all a job does is pay the bills. If you want to get rich, you have to own successful investments and businesses.
@@spencervance8484 that's true. Women marry up and men marry down.
My first year in my field. I saw 5 guys pass away around retirement or shortly after. All of them worked 6 days a week and never took vacations. They all had plans to retire with big bucks and travel or buy a RV etc. one guy had 1m saved up. Died 1 year before he could spend it. I am 48. I spend my money now and travel and spend time with my wife and kids. I will only have a house paid off by 65 and free healthcare. If I retire and get cancer. At least I can say. I enjoyed my money and did not make my job my life. My mom passed away 6 years after retirement. Screw that!
It's time to change all of these corrupt workforce companies
In 2021 60% of the people walked out my job. I stepped up worked 50 hours a week, I did things completely out my job title. I have 3 kids and took time away from my kids and gave that time to the company. I have 8 years with company, I can got to different departments and completely run these departments. I worked so hard to prove myself thinking to myself they will throw the old dog a bigger bone. Will I was wrong I got a $0.25 rasie and they hired new untrained people and started them out at $0.75 less than me. Here i am doing way more than everyone else with more experience and skill for new people to come straight in the company with no experience damn near on my pay skill. I also trained these new people. Was denied another rasie because they said a recession was on the way. They rasied all their prices and continued to have tons of sells.
Clearly you know how to make that company work but your efforts are not compensated.
Why not apply on other companies with higher rates? Dont resign in your current company, but if another company sees your value, it is time to consider.
that's what happens when you're stupid
If I were you I would apply to other companies that pay more than your current employer. I would also look to work remotely . Your kids need more of your time. your mental health is more important than your current employer or job . The current employer doesn't value you.
@@georgewoodget271 such coworkers and boss underestimate bmo.
If you know how to run the company on the ground, you are more than its, ceo haha.
Your advise is correct. Let bmo find a new conpany who appreciates effort
I am sorry. You are a smart person and correctly deduced your company’s lack of respect for your contributions. It’s time to polish up your resume, interview when you have time, and offload what work you can to others. Your children deserve an attentive parent, and you deserve a job where you are treated correctly, compensated fairly, and given time off to enjoy with your family. I wish you the best of luck.
Sleeping and doing exercize aren't outside job. Keeping your body up and running is actually more productive for your company than any BS meeting
Yup but they can't control you if you're not in the office ...
I take a lot of meetings while I walk
A large part is people have come to realise that corporations don't care about them, it's shattered the illusion that you're 'part of something' and should be loyal when they're so happy to lay people off at the slightest downturn of profits whilst keeping wages low as possible for decades. Now we've got a reverse situation they're offering these large salaries to entice people but the damage is done, someone keeps a boot on your throat for years they aren't going to suddenly make friends when they offer a slice of cake.
Yeah, it's weird that anybody ever thought a corporation would care about them. A corporation isn't a sentient entity. Many corporations employ managers who care about their employees, even going so far as to protect their team to the detriment of the corporation as a whole. I've known some managers who protected their entire organization by misrepresenting headcount requirements or fighting to keep projects that will never succeed. But I've also known managers who only protected their small group of favorite employees. Good for you if you're one of the favorites but not if you're a non-favorite who suffers from the non-optimal management decisions. But anthropomorphizing corporations never made any sense. The individual people in the corporation are the ones who either care about their subordinates or don't, and those people have a wide array of different priorities.
I couldnt agree more we are just a number, most salaries are just enough to live and thats it
Loyalty goes both ways, but it's only recent generations that seem to have realized that.
I think the reality is that corporate jobs are really not a good way to go. Smaller companies tend to be a lot better since there is a better sense of loyalty. And not just from the employee but the employer. That is why you see many small companies still with workers who have been there for 30+ years for the majority of the people working there while in corporations you just don't see loyalty. I mean there is a huge disconnect the larger a company gets. Its a very different experience when the owner of the company is working by your side and knows everyone who works for them from a company where the owner/ceo doesn't even know the names of 50% of their employees and is an in individual you will never lay eyes on. With the corporation of the US with fewer and fewer medium sized businesses and small businesses you will see less and less loyalty.
Loyalty is a 2 way street. If the employer is not loyal then why should they expect their employees to be.
It seems that there is a narrative pushed to try and squeeze every bit of productivity out of low and medium workers in the prime of their lives with low compensation in the dream of making more in the future. Workers are influenced to hold off on starting a family and that the company is their family. But if the company fails or workers are laid off, the corporate family is gone with no real family to go home to. However, with a severe drop-off in population, there seems to be a labor shortage. So any job that can't be automated, shipped overseas, or filled by a random migrant seem to be safe and even vulnerable to a demand in wage increase.
Promotions lead to more responsibilities. More responsibilities leads to more work. More work leads to stress. More stress leads to death
-Financial Yoda
All for a 10% raise, HELL NO
@@Shay416 👋
I learned that promotions are crap when I was in retail. Really easy to learn when the raise was a $1 and the responsibility doubled.
They gave you $1 more? All I remember were raises less than a quarter for more responsibility.
I was going through indeed earlier and saw management positions in retail only being paid $1-2 more than the base associate's position
I was a part timer turned full time supervisor and later asked to apply for management position. By that time, I’ve learned and quit the job. Bloody disgusting that place was. They just overwork you until you burn out. It’s not worth it.
I make the money of a manager but dont have the manager job. I find that amusing at my part time job.
Yes indeed. And then there's the game they play in which you're led to believe that the $1 is beyond the norm, and you need to be so appreciative because your higher up had to "work really hard to get you that amount." Meanwhile the dipshit who approves that $1 makes close to 6 figures for sitting in an office and has no idea what you actually do day in and day out.
It boils down to passion. If you’re passionate about what you do, it doesn’t matter the hours you have to do it. Reality is perspective and perspective is built with strategy. I’ve had my fair share of losses but trust me when I say, financial education or rather life education in general is important. It’s unwise not to ask questions. Again, what do I know?
“Like all learning, financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions that affect one’s ability to attain the assets, such as education, property, and savings, that improve economic well-being.” - Alan Greenspan, economist and former chair of the Federal Reserve of the United States
You cannot escape the responsibility of tomorrow by evading it today.
See, that's exactly one of the mindsets that has changed with covid. Suddenly having so much free time, people realized that no matter how passionate you are, free time is very important. Yea sure, maybe not no work at all. But also not working 40+ hours a week and between all other things (driving to/from work, breakfast/dinner, going to the gym, parenting the kids, showering, etc) leaving basically no more time for any relaxing, hobbies, trips, or family/friends.
A few decades ago there were still incentives to work long hours. Actually being able to afford a decent life, worth-while promotions, decent healthcare, etc. But those have disappeared as well. 2 people working 40~50 hours can often still barely afford the cost of living, raises have become less than even inflation, promotions put so much extra work on you the money isn't worth it, and despite having healthcare coverage people still have to go into debt to pay it off. Not to mention that there is no company loyalty at all in most places, yet they expect loyalty from you.
TL;DR: the economy and employers have turned to shit, so if you're screwed whether you work your ass off or not why not take more time for yourself/friends/family? Why slave away at your jobs for 40+ years when you might as well actually try to live a little instead?
I'm passionate about chemistry. I will not work more than 40 hours a week, ideally not even more than 35. Why? I'm also passionate about those I love.
Perspective is also shaped through experience. People that claim "I've been through hard things, but now I am success!" Have not been through hard things.. At least not relative to many of the people that have consistently been through much worse. Or they're a sociopath, and therefore; certain things, like not having any friends, a lifetime of betrayal from other people, never having a significant other, .etc; doesn't bother them. As well, sociopaths, unlike autistic people, are rewarded by society for their mental illness, instead of being treated like a disease. I'm not playing the victim card; I've just learned categorically by experiences throughout my life, that I don't want anything to do with our current society.
As a career engineer what is crazy to me is that the more specialized, experienced, and capable i become, the less work Im required to do, and the more pay i get. If this trend continues, soon ill be banking mad $$ and not doing anything at all.
My friend who worked himself up the corporate ladder at a big media company siad the same thing! 😅 The stories he tells me about the senior executives are wild!
I would like to know which kind of Engineering job you are doing 😂
@@mumu1520 well I started with an EE degree, but I'd be lying if I said i do anything I would consider hardcore engineering anymore. It's mainly software and automation now at minimal effort like I said.
I am over qualified for my position. I am an Electrical engineer, got my P.Eng, got my PMP. I am doing project management and I am always surprised to find myself being the only person able to do stuff around the tables with all these breath of experience with gray hair. It is babbling how stupid they are...
Have multiple friends who have attained this and it's literally what I'm in the process of doing now career-wise.
More afraid of being promoted than fired? I can totally relate to that. I like the position I am in. I don’t want more responsibility. I don’t think they would pay me enough to take more responsibility.
Even double the salary?
@@jasonhaven7170 haha! That would do it. But they wouldn’t double my salary. 😂
@@jasonhaven7170 Keep in mind that higher tax brackets mean your take-home pay would not double. Realistically, a professional might be looking at a 15% raise that's only a 10% increase in net income.
@@tofuprogrammer probably even less
@@jasonhaven7170 that's the thing, they wouldn't even double the salary, and even then, it's sometimes not worth the effort. There is a legitimate limit to how much income before additional income becomes useless. If you comfortable with your life and spend $1000 a month on food, you won't spend $2000 on food just because you earn twice as much. You can only eat so much.
Additional income at some point will only increase your disposable income and if you learn be comfortable with not being a constant consumer, and rather enjoy life. Taking on more work and income doesn't make sense.
I can relate 100%. I don't want a promotion because I don't want the increased job stress. When I started my career I used to think I wanted to be a top level executive in my profession. Before COVID I had another organization try to recruit me to be their managing director, but the pay was only 50% more than what I was currently earning with 4 times the responsibility. I declined the offer. However, after going through COVID I saw the sheer amount of BS my boss had to deal with and I decided I wanted nothing to do with top level executive management. I'm in middle management and I will likely stay that way. I decided that if I want to increase my income I'm going to focus on becoming a really good investor and have been working to develop those skills instead.
It's time for all workers in this country to get paid a living wage have mandatory paid vacations and work less hours
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now. Currently, I'm facing some challenges and wondering if there are any short-term opportunities I can explore to help scale further. Any guidance in this regard would be much valued.
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks, you can minimize risk.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $650K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Teresa L. Athas” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
“When workers are more afraid of a promotion than getting fired” is literally how I feel at work and I didn’t even realize it until this vid
I quit my job 3 months ago. My employer beg me to stay and said was there any they go do to make me stay, I said no and it’s not even about money. I’m a freelancer now, I make less than I did before but I’ve lost 20lbs because now I have time to make healthier food. This is a way better lifestyle . And now I can even spend time figuring out a proper budget to make up for the less pay. Working every day and having little time for yourself has a high cost to it
That a real talk Career has changed alot, I even quit my my job as an RN last two years ago after almost 16 years in the field. It was not an easy decision, but life is too short to dread going to work everyday. No amount of money can buy real happiness, but friends I'm not asking you to resign from your job or abandon your business but be wise!
Many of my friends are RN’s…may I ask what industry you pivoted to?
It all depends on how much money you make. If the options were work a job you absolutely hate for $100k or work a job you absolutely love for $50k then most are probably going to take the hated job. If the option is work the job you hate for $200k or work the job you love for $150k then giving up that extra $50k doesn’t sound so bad.
@@spades9048 cool
@@spades9048 but I gat problems I'm facing
I can't imagine being more than 4 years in one place, let alone 40!!!
If you are valuable enough to a company, they will keep you. The thing we all need to remember is that those companies do not care about you, and you should return that in kind. Do whatever you can to extract as much value for yourself as possible and after a few years unless your ascending the ladder, move companies for a raise. Even if you do not want to climb the laladder, you'll make more.
People can care about people, companies are inanimate entities who cannot. If one is lucky, there might be some decent people working at the company to make the time there nice.
not true, I have a friend who was fired because he did such a good job, even his bosses looked bad, so they fired him
Not true. Companies don't know whether you provide value or not.
Ex-Strategy Consultant and I approve this message. I unintentionally followed the playbook. Started off at a big consulting firm job hopped working at 5 companies in 10 years. Got up to 200K in compensation and realized I was better off transitioning to a career in sales where I could be in control of my earnings as opposed to hitting a literal ceiling.
So companies putting more money into recruiting new employees instead of maintaining current staff has led workers to no longer see their current employers as aligned wit their career ambitions.... who would have thought!
This is literally spot on. Im so cozy in my minimal risk/stress role at my work that if i was offered a promotion i would refuse it. Aint about to pick up more stress for some more pennies.
I use to work at Dunkins a few years back. I was there for a total of 6 years and the entire 6 years I only made $9/hr. I was originally only supposed to work 8 hour shifts but ended up working 16 hours every day for 6 days a week for 6 years for only $9/hr. I ended up quiting cuz I was being disrespected by co workers and boss, I was asking them to just help me with keeping the store clean and help me get some of the closing duties done before the afternoon group all leave between 2pm-4pm and to make sure things are set up and ready for me when I come in in the morning....no no one helped me. Even my boss told everyone to ignore me asking for help and that I could do it all myself, my co workers basically refused to stop working cuz they saw I was going above and beyond doinging extra shift and being able to jump around and work at every station so they all decided to back off on the job for a while and let me handle the store alone all day. After a couple weeks of this I walked out at quit cuz I was done being taken advantage of there
My mother and father worked 30-40 years each for the federal government and a private business. They both had so many mental, emotional, and physical health issues that they can not enjoy there retirement pensions. I get pissed each time I see them taking tons of medications and attending weekly doctors appointments. From what I see with my parents, they endured years of abuse over the last 30-40 years. I vowed not to subject myself to this. The newer generations will not accept this type of abuse. We are not lazy we just not tolerating the Get a good job with benefits and work until you die BS!
I have five years left until a defined pension for life working at the same location. I was diagnosed with cancer a few months ago and awaiting treatment, so getting nervous about my health. I’ve also had a side hustle for 18 years but that was mainly to deal with losing half my stack due to divorce. If I didn’t get married, I maybe would already be retired and driving a Porsche. On the other hand, I knew nothing of money and personal finance until I was forced to learn it for the same reasons. Good lick everyone!
It seems like the general problem most people have is that there is no return on working harder. That's the big one.
Great breakdown, fantastic video!
"Work smarter, NOT harder"
That's the real motto we should be following
That was my previous work. Worked in a factory where productivity was pushed on us and constantly more responsibility, but rarely did they try to compensate me. If i wanted more pay i needed to learn a higher skill but the amount of extra effort and learning needed was not sufficient, but now i hopped to a different job that has the same pay but 50% less working hours, easier work and free food. Instead of working 5 days a week i work usually 2 days a week leaving time to either work extra or enjoy my new found freedom.
@@PHRCpvh Play office politics and benefit from the doom. That sounds like the new motto.
What happens when you complete work quickly? You get more work 😂
@@krunalgode3391 Exactly. Better performers end up getting swamped with tasks without matching compensation
I agree with you that climbing the corporate ladder no longer has the appeal. My supervisor has to manage a team on top of his day job. He works long hours every day and has to have several meetings every day. The money has to be really good to endure that.
Same with my boss. I’d never take their job
This reminds me of when Chandler quit his job because he felt that accepting a promotion would be like admitting that data processing had become his career, as opposed to the temporary job he wanted it to be.
My dad's company hired my dad fresh out of high school with 0 experience. They gave him training. Promotions and salary increments were real and worthy. They treasured their employees and people stayed for 40 years.
I always intended to get a job and grow with the company and retire. Staring in '87 I tried this and was was laid off after 14 years. Then tried again and was laid off after 8 years. I've seen the cycle in all the companies I know about. It's nearly impossible to stick with a company even if you're providing value to them. So, I don't know that this is new. Good companies offer good benefits including 401k matching, but no one has pension plans or retirement packages. It's been that way since the 80's so I don't know how this could be considered something new.
" new" in a sense that youtube has videos on this topic.
Movies, tv shows shows the " stay loyal" in a company till the employee retires.
We all know this " myth" of climbing corporate ladder in 1 company gets more difficult. Hopping to new companies is more realistic.
People need to realise companies will pay you as little as they can keep you happy.
Be 5% better than your peers and ask for pay increases every year and if they don’t give it to you leave and find another job… build an investment portfolio at the same time and you’ll be able to “retire” (pursue your passion) at mid 40s instead of mid 60-70s
I've given up on 401k's and rely on investing instead. The days of companies matching 401k contributions dollar for dollar are over.
@@Lonovavir I’m in the UK so we get very good tax relief on pension contributions, but doing investments outside of that too means you’ll be setup later in life from multiple sources. Just wish I started earlier!
I was working a unionized grocery clerk job in California. I got so burnt out co-managing the dairy with all the overtime, long drives, flip-flopping hours, and a couple of back injuries lifting a lot of product. Meanwhile I would see other workers call out sick once a month and I would be utilized as a backup cashier because most were slow, which took me away from my primary job. The compensation is how much time people put in, not performance based. Lazy workers that been at the store longer that me got paid more than me. Then I found a better job, put my 2-week notice, and I was offered a $2 raise that day as an initial offer. Yup, you have to look out for yourself. Companies will "optimize expenses."
I don’t avoid promotion due to work life balance, but because I love technical work. Being a manager and spending more time on meetings with management instead of users, and doing paperwork would make me want to die.
Although I haven't worked apart from an internship, I've thought of the same think, I like technical stuff more. God bless you
This is how I feel about teaching vs being an administrator or professor. Sure, professors teach and earn high, but research in a field like English sounds boring AF. I like learning and teaching. I'm also interested in growing my skillset outside of education as a field.
Same here, in my field there isn't much hierarchy so any step "up" would mean I'd no longer be doing what I like doing. It'll be budgets and office politics and maybe even getting in the way of my team... Funny thing is I told that to my last manager and he was quite upset I didn't have "ambitions". I do, just not the ambition to do what he does.
My mum, being a nurse, enjoyed direct patient care over the responsibility of managing other employees, so she never accepted the promotion to shift supervisor they kept offering her. She was the most senior nurse in her sector for years, but never changed her mind on the issue.
Just be careful. I ended up in a spot where I was viewed as to expensive to stay in the technical field.
As a shift leader at Dunkin’ Donuts I was regularly making more than my manager on a weekly basis and he was putting in more hours than me. He kept begging me to take a promotion to manager but I always turned him down. I think I could do the job, I might even be good at it, but it’s not worth taking a pay cut and additional stress to do. I’m not surprised that this issue just gets worse the larger you scale it up.
Similar situation for me. Worked as shift manager at Arby's, but never became assistant because that meant 40hrs plus 8hrs mandatory overtime. I rather keep my personal life.
That's insane. Isn't a shift leader subordinate to a manager? How in the world is a manager making less than a shift leader at Dunkin?
@@edwardthach1849 shift leader was a step above the average employee and it was because I was being paid per hour, and eligible for overtime pay, he was on a fixed salary and could not get overtime pay. I was working ~60 hours a week and making more than he was when he was working ~80 hours a week.
Governments/Companies/Organizations want good slaves who are married/have kids. After about 20 years working, I'll tell young people you should not have any loyalty to any organization, they will turn on you in a second when its convenient and fire/replace you. Also to ensure no slavery, young people do NOT get married and do NOT get a girl pregnant, make sure she takes the birth control pill daily in front of you and both wear protection. You will just condemn your new child to increasing poverty and freedomless slavery and these control/money/job trends worsen. Promote this idea in videos and social media to help prevent more young people into this new slavery.
it depends what your goals are. if you are planning to leave dunkin donuts in 6 months. your better off taking that manager role. work as a manager for 6 months then you use it as leverage to get a pay raise for your next job but also a better position. if you plan on staying at dunkins for another 2-3 yrs. it's not worth taking the manager role for more work and less pay. so it depends on what you are planning. if you plan on bouncing in 6 months time. it's better to take it and then bounce in 6 months.
another thing is many people are realizing there is no point in wasting time to make fake money/for tax
if you make $80k, you are taxed by the gov about 40%-50%. using SmartAsset's income tax calculator, you can see the tax break down,
Federal (13%), FICA (7.65%), State (Maryland 4.5%), Local (City 3%), property tax (4%), sales tax (6%). totaling about 38.15%
Just realizing every extra hour you work, you work 22 minutes to pay government, then they send money oversea, spend little on our country
and they create inflation so the money you save becomes worthless when you try to retire.
seriously. why work so hard?
I’m 65, and I’m working a full-time day job, and a part-time evening gig.
I’m still wondering how all this played out, and I’m going to have to do this another 5-7 years.
I mentor young zoomer and millennial men in my faith community, and I tell them this-
Respect is where you find it.
Give a good faith effort and integrity, that’s it.
Never rely on an employer for anything.
Self-fund your own retirement.
Expect to jump jobs every 2-3 years.
At will employment terminations are far more often arbitrary than causal. Expect to be shown the door in seconds and on a whim more than once in your career.
Get in and out of the workplace asap.
Unless it’s STEM, stay clear of universities.
Look at trades, dirty nasty nobody wants to do it jobs (cleaning septic tanks, etc), or entrepreneurship.
Most of these guys connect the dots.
That is another reason why paid vacations must be mandatory for every worker
why work FT at one and PT at another....you're doing OT work and not getting paid OT for it.
Remember Mike Rowe’s TV show, “Dirty Jobs?” A few years after the show was over, he said that a lot of those guys were multimillionaires. I think he specifically mentioned a guy who had a business cleaning out septic tanks…
Trades aren't hiring new people.
Companies have failed to balance out the triangle of Role, Work-life balance and Pay. You used to get to pick two or even 3- promotion either meant better pay comparable to work or less work overall or sometimes both. They eroded the pensions, the pay stagnated and the workload got more concentrated with layoffs and the constant drive to keep productivity increasing year after year at the cost of personal life. They aren't providing enough value now in relation to the cost on your time or effort.
Ill be honest, ive only moved up slightly only cuz I never liked the idea of having to answer to someone. Problem is since 2004, Ive always been at the bottom of the totem pole in everything: call center, layout artist, retail associate, data entry, instructor, bank teller etc... never moving up the ladder or getting screwed over in one form or another.
This job Ive had since 2019 has been very good with me wherw Ive gotten promoted to a lead... which I am perfectly fine with. I have a manager, but she leaves me alone as i know what Im doing and I can help my coworkers. My pay has gotten up 60% from my previous job, and my time off has increased from the typical 2 weeks and 3 personal days to 5 weeks and 1 wk sick time. I get an 8% match on my 401k and I get great medical, dental and vision benefits.
Overall, Im happy where Im at, and I can handle many years here. The ppl ive worked with have been here for 10+ years and I wanna join thay group.
I was offered a “promotion” to review the work of 2 people with 20+ years more experience than me to handle a large client account. I had about 3 years experience in the field. My manager also said this would be a lateral move. I knew this was a setup and would be a nightmare, not to mention the audacity of them not wanting to pay me more money. When I declined the promotion HR tried to get involved and asked me why I declined so I told them flat out. A couple months later I was laid off. These companies do not care about you. Use the job to get the skills you need, change jobs for pay increases and a better office culture, start a side hustle, and work on a plan towards permanent entrepreneurship. Corporate America is a wicked evil place and it’s full of phonies and psychopaths. Literally.
Agree completely
My Mom died at 53 after working 30 years in the NYC board of Education- she never got to retire… Her dream was to retire and move to Europe and live in France…. I retired at 41… I spend 6 month a year in Provence and 6 months a year in Tuscany! I am 47 now… Every cappuccino or cafe au lait I drink in the morning, I do a little toast to my mom… retire as early as you can, the future is never promised
I used to be in the military and I got out and people were like, why didn't you stay long enough to retire?? And I said I hated it, they tried to control how I live my life in uniform and out of uniform. And people typically respond with "but it's such a small part of your life". Just for reference, everytime I'd go into work, I'd pray I'd get injured in a car accident or something that would prevent me from having to come in. I told someone else that and she said she thinks the exact same thing before she comes in lol. Just my personal opinion, but if you're a company worth working for, I shouldn't have to sign a several years long contract that's nearly impossible to get out of honorably unless you just finish out the contract lol. I read somewhere that said America is young. And if you think about it, we do act young. There are some countries that sorta have it together and they're not out here having so much pushback all the time. And I think it's because they're "old". They've lived and learned. They understand the importance of family and health and rest and peace. We're still young and trying to show off our feathers. I think one day we'll finally get it.
One of the nice parts of the conscript army here was that no one pretended the army was a good job or would train you in skills useful in civ life. If that happened it was incidental, but most of my older relatives were trained in things necessary for the army. The army needed them to range in mortars and solve field traffic jams.
I think it's absolutely beautiful and an expression of pure good that people have stopped falling for the exploitative lies of the system. But I also think it's only natural that they have - it's enough to look at all those people who've given their entire days and even weekends to their companies for years, not going nearly as far as they had hoped it would take them. If working just 8 hours results in the exact same outcomes, why not do that?
Was told by an interviewer that I had a lot of job hopping on my resume. In the past eight years I have had four jobs and only voluntarily left one. The first I was a contract employee for three years; yet let go because the company was in a projects slump. So they wanted to move full time employees into the area I was working in. Thus letting go of all of us contract employees.
Second job I was let go due to covid lockdown. Self explanatory.
Third job i left after a month due to the fact that the hiring agent misrepresented everything about the job; from duties to pay. I only held out for so long until I got my fourth job.
Fourth job I was laid off due to the fact that our company lost the logistics contract that they had with another company. Over 1700 of us were let go.
Would probably had stayed for many more years at my fourth job if they were able to keep the contract. It was decent pay and close to where I lived.
Above and beyond = working without pay
🎯
such a bs term lol
When the Pay stops
the Work stops
Boom!
I work in cyber security and I'm one of the people who tried to take on more responsibilities and I can tell you, it's BS. I've put in dozens of after hours work the past couple years and no matter how much devotion I put in, all that matters are the mistakes you make. I'll be on calls late into the night, work long after hours to fill my time card, and all that mattered at the end of the day was the fact that I missed a couple meetings and was a bit slow on 1 project.
I think many of us have watched our parents be unhappy at work trying to get as high as possible at unrewarding office jobs to be able to afford a stable life and family.
Now stability is harder to get, even when working these jobs, so why bother. We don't want to be stressed and unpurposeful for the whole week like we saw our parents at home. Specially if we're missing the reward.
It's sickening that people accept this bullshit I don't nobody needs to die from being overworked to death to provide for their families. Things needs to change in this country like having mandatory paid vacations work less hours and getting paid a living wage
Having spent more than the usual three year span as a company once, I can see the downside of having such a turnover. Every few years, new manager, repeat the same plan, don't execute the plan, new manager, repeat the same plan, don't execute the plan. Rinse and repeat.
What exactly is the benefit of a company being stuck in this loop???
Every new manager comes with a "new idea", the same as the last one. So we all spend going over the same "new plan" which ends at the exact same spot as the previous "new plan". And, let me make it clear, this "new plan" is a carbon copy of the previous "new plan".
What's the plan?
You may have heard of the wheel before, but our strategic vision for Wheel 2.0 will have your head spinning. (Next slide please). You see, we not only will be reinventing the wheel, we will bringing it to the blockchain by leveraging machine learning in the cloud. (Next slide please). This will minimize downtime while improving customer satisfaction and driving brand awareness in the critical Gen Z demographic.
And unlike our prior "iWheel", "New Wheel", "Wheel Plus", and "New New Wheel" initiatives, this plan is guaranteed to Just Work. Why? Because it will be built by our greatest assets: all of you.
@@rdean150 That manager departs, the new manager does the same presentation as if it is his new idea.
I am exactly there. I am applying for the dotation process for an engineering supervisor position, however becoming a manager will double my work load and barelly get me 3000$ more. My salary cap is at 120 000$ and the Supervisor cap is 139 000$. Why even bothering, my house is paid, I am 39, I have no debts and I spend like a university student. I might just retire at 45...
The earlier you retire, the more money you need.
Thing about you is that you still can keep job not to get bored but reduce working hours dramatically or take some big break
Yeah I'm pretty much never going back to the workforce again. Too much work for too little pay and it was ruining my physical and mental health. If I can just get a job that is 24/7 online and also pays me online instead of requiring me to be at an office that would be great... but companies demand that you show up to work and "hang out" with the employees, who do all sorts of bullying anyway that the company does nothing about...
Same here, getting laid off was the best thing that ever happend to me!
Thanks
Get what you can,then go.The longer a job goes,the worse it gets!
Companies have so much leverage and just take advantage!
Exactly and it's downright disgusting
I'm Gen X- I had a Gen Z frame of mind while I was working. You're not going to grind me into the ground for little pay ESPECIALLY when the financial experts kept saying "social security will not be available." I just didn't see the benefit to staying away from my family. 🤷♀️ Gen Z is fortunate to have social media..they can VISUALLY see that working like a dog for minimal pay isn't worth it. That ship sailed after the Boomers and pension was over. The U.S. sold their souls to China and created unbelievable debt.
Sure, but let's be honest. How hard was it to see that the rat race was just an endless treadmill? It didn't take the advent of social media to have a functioning brain.
@@NinjaRunningWild No one said it was hard.
Wally in the Dilbert strip probably best describes folks I think.
US debt to China is minimum compared to US debt to their own people
I’m generation x - I was like you and did not believe in martyrdom. I refused to work additional hours nor would I burn myself out for crap pay with more responsibilities.
Dude you described my career to a T. So much truth in this video. 10-years ago I was killing myself trying to get promoted to a management position. Last year my company had over 6 manager positions, I was encouraged to apply and I didn't nor did anyone else. They had to go around begging people to apply.
It's a trap to get free labor out of you and the stress will lead to early death on the long run.
I hear that. At my previous company, I worked my way up from intern to VP and had taken on a team lead role, managing a team that I personally was helping to build. So not only was I still responsible for delivering on my the same amount of project work i had been responsible for before I took the promotiom, I was also managing 6 people and spending hours each week interviewing candidates to reach the 8 headcount I was given.
Then in a post-interview conversation with an HR rep who was coordinating the recruitment effort, that HR rep accidentally mentioned the salary offers they were giving these candidates. They were offering people who'd only graduated college a year earlier the same base salary I was making after working there over 8 years. And they were expecting me to manage these folks! It was the most outraged and offended I'd ever been by anything related to my career.
Within 6 months I had accepted an offer at different company, making literally double the salary. I had zero interest in managing - the roughly year I'd been managing that team was enough to make me realized I didn't like it.
But the hard part was that the experience changed me. Left me jaded, cynical and angry. The fact that employees are now punished for their loyalty is really bad for both the morale of the employees and for the long-term success of the companies doing it. The Great Resignation and plummeting productivity seen over the past year was a clear example of what happens when experienced workers feel unappreciated and under-compensated. They leave and take all of their institutional knowledge with them.
Sounds like you and your co-workers have thrown the toys out of the pram to your own detriment.
life isn't a struggle
@@neil1jnrtell me you didn't watch the video without telling me you haven't watched the video.
This is me right now lol. I'm a "top performer" in my current role and my former manager was really pushing for me to apply to be manager of the team after she was promoted into senior management and I just plainly refused. The pay increase is not worth the hassle of being in charge of the team, having to join a hundred more useless meetings, being required to join all company events and smooch up to the executives. No thanks!
Brown nosing is something I really don't fancy. Going to parties with people I have already worked with 10 hours a day is so unappealing.
Dealing with morons constantly is another thing I don't want to deal with.
Every time I see your videos I get a new view of the world.....I am glad You left your Career and started this RUclips channel ....else we would have missed this treasure
This channel makes me feel very comfortable about my career situation
Yeah, the two-year rule is solid. Even if you are happy at your current company, check out the job market in your field - you might find a job that's a better fit for your skills and life balance or you might find out that you can earn more for the same job elsewhere. I've spent most of my career in the Great Recession and fall out from it. Until my current company, I never could get raises at the companies I worked at. Sometimes there would be a company-wide wages would be frozen for a year announcement, and at another company they announced that we were all getting a pay cut. But most of the time I would ask for a raise after a good performance evaluation review and still get told "no" for various reasons. Managers used to understand that if an employee asked for a raise and they were denied, it was likely that they would start looking around at other jobs. After the last recession they forgot that and still view current employees as "stuck" with their companies, which now isn't true anymore.
I am in middle management and have been nudged to pursue my director's position who will be retiring soon. A few years ago I would have been thrilled at the opportunity. Now, after being in management for a while, stressed, over worked, and constantly tested by those I supervise, I couldn't imagine being a director. I work for a governmental entity so 10% is the normal rate of salary increases in many cases. Not worth it!
I cited this article for a college discussion ..thanks! Also showed the video to my wife since she's on her third company since passing the bar
These days "you get a promotion" just seems to be code for "do more work for the same pay, bitch, and we'll still lay you off the moment it's convenient." My grandpa literally worked his way up from a gas station attendant at Chevron shortly after the Great Depression to being in the upper echelon of executives at Chevron by the end of his career, and the loyalty and care that the company showed him during his entire career is unimaginable today. It's a piece of family history I feel super weird about, because holy shit are Chevron and the oil industry problematic as fuck. But it was a different era, and the culture of work that he told me about was completely different, and frankly sounds alien to me now. I feel fortunate to have a good job with a really excellent work culture, but most work feels hostile and exploitative at all levels these days. Of course it's always been exploitative at low levels, and I have no illusions that Chevron would have treated grandpa nearly as well if he had stayed an attendant or been less useful to them. But you can't even work your way up anymore, so much of the top levels of industry is practically incestuous
Bananas ain’t it? Cadillac gave my grandpa gold Cadillac earrings a Rolex and a chunk of cash on his exit. Me on the the other hand……imma get a brown box and maybe pizza
Up until about two years ago I really wanted to get promoted to the management position above my current position and finally after topping out in pay for my current position I found out it’s only a 55 cent raise from my current pay rate and the stress and responsibilities are not worth that.
I went above and beyond for my last job so I could learn a skill and solidify the skills I already had. Ask them for a raise, they refused. I quit. Got the raise I wanted from another company.
I realized that a job refusing to pay more is only giving you an opportunity to get the raise you wanted.
So there's no losing. Either they pay you or another company pays youm either way you're gonna make more money. Learn that skill and dip.
Word!
congrats
Could you speak to the change in demand of a college degree in the future. I refer to the changing in demographics so much so that employers are removing degrees as a requirement for employment. Will employers invest in their employees with on the job training? Will the college degree be worthless in the future?
College exists to filter for high performers so no it won't be useless just less valuable
you put so much information into one video, I am starting to realize the grand insurmountable amount of depth that jobs/business world has. I sat here screamingbecause of how hard it seems to grasp the ever complex world we live in. I want to be comfortable wealthy and not work like an ox... It just seems so hard.
I'm glad I spent so much time working a variety of roles/jobs in my 20s. It helped me learn what I am good at so I can confidently sell those aptitudes when I apply. It also helped me learn what I hated and didn't want to do the rest of my life.
There is no career ladder. It's more of a career hampster wheel now.
Key point: Not responsible to the performance of any subordinates also means that they are free from the stress of dealing with workers who don't want ti put in any overtime or work towards getting a promotion instead they are only responsible for themselves and their work. If they want ti make a lot more money one month, they can hustle like crazy and work on closing more sales. If they want more work-life balance, they won't be letting down a team beneath them."
That's it. I felt that and it's also the story of my life. HAHAHAHHA Freelance consulting for the win!
i think this debunks the idea that people’s greed will never be filled and theyll always demand more, which i always thought was bs and that im not alone in thinking that. all people really want is their basic necessities sufficiently met, so they can pursue what they’re actually passionate about. we only live once, doing everything we actually want to do in it should be much more encouraged i think
Can confirm about the job hopping thing. Myself and a friend started at a really terrible company, I job jumped after 2 years and have continued to job jump every 2 to 4 years since. My friend stayed until the company lost the contract for the work they were doing, then another company bought out that contracting company and cut a bunch of benefits to the personnel who stayed. After 10 years, I make almost double what he does. and I have experience in a solid handful of different IT related positions- so if I lose my current job, I have a fair amount of skills to fall back on that qualify me for a lot of different types of work. So I am not concerned about finding a new job if I need to.
From my experience "going above and beyond" doesn't necessarily mean extra time spent, it more often has to do with attitude and willingness to solve problems as they arise. You can do those things within the frame of a 40 hour work week, and if you're working for a good company your boss will notice and reward you with advancement opportunities and higher pay.
If you work in a place that doesn't recognize your hard work it's very simple: quit and work somewhere that will. Don't just sit there doing the bare minimum, you're better than that. Don't wait, be bold and make a change.
I try to solve all problems they throw at me in 40 hours work week, but they always refer someone work harder than me 😢
@@kaorunguyen7782 all you can do is your best. If that's not good enough for them then so be it. You have to accept that your best will have to be good enough, for you and for them.
No thank you, I'll be doing the bare minimum, and go above and beyond for my own business venture.
@@altumurnemtzra2026 that's fine as well, just don't cheat yourself by not working hard toward SOMETHING. Entrepreneurship is a beautiful thing, and by all means find something you're passionate about and go to it.
@Wang Lin sounds like you work for a shifty company and need to make a change. Do so and be happy