What job does a poor, uneducated knowledge worker do?
What job does a poor, uneducated knowledge worker do?
Making a 50-70% higher salary than the median isn’t “wealthy.” That’s just “upper quartile middle class.” That’s a wage employee who depends on a regular paycheck and couldn’t remain unemployed for an extended period of time.
The word “wealthy” doesn’t meant that at all. “Wealthy” means you fly first class. “Wealthy” means you pay for luxury cars with cash. “Wealthy” means you own more than one home.
The median software engineering salary is now at the bottom cutoff for being approved for a mortgage on a basic home.
I bet most of the “wealthy” software engineers who worked in-office in 2018 and are remote now make less today after adjusting for inflation.
There is a massive difference between the lifestyle of the (e.g.) top 5-10%, 2%, 1%, and 0.5%. Those numbers are basically jumping from “still has a mortgage” to “has a 80-foot yacht.”
There is almost no difference in lifestyle when you compare the top 50%, 25%, 20%, 15%, maybe even 10%. It’s the same deal: depending on a continuing wage, getting 1-4 weeks of time off every year but no more, needing to use a financial instrument to pay for kids’ college, having a house and probably a car loan. All of those attributes stay the same.
Walmart is paying $95k per year starting salary.
https://www.cnn.com/2022/04/07/business/walmart-truck-driver...
I work in manufacturing as IT and everyone is using computers for all kinds of forecasting and estimating along with running the actual production machinery.
Every job that requires physical labor requires knowledge of how to accomplish the task at hand.