#UpperManagement #JobStruggles #WorkLifeBalance #AffordableHousing
Hey everyone! 🙌
I’ve been thinking about how upper management often seems a bit out of touch with what we’re facing every day. It feels like they’re living in a completely different world, right? 🤔
- They’ve been around so long: Many of them bought their homes back in the 90s when prices were low. Imagine snagging a house for just $200k!
- Now, though? That same house would run you close to $450k, with mortgage payments hitting around $2500 a month. Yikes! 💸
- For those of us who are just starting out: A lot of employees here with 3 years of experience are making $22/hr. It makes it super tough to find affordable housing when nearly everything is above $400k.
- Basic math says it all: You’d almost need to work here for 15 years before you could realistically afford a mortgage. That’s quite a long wait for anyone!
I mean, we’re all here for a job that’s supposed to provide a decent living and come with great benefits, right? But the reality is that many of us are struggling to make ends meet. Like, did you know that a lot of workers here even qualify for food stamps? 🥺 And with such a limited leave policy, people come to work sick because taking a day off without pay could cost them dearly. It’s tough when you have kids to think about, too.
What do you all think? Do you feel like upper management understands what we’re going through?
- Do you have any tips for navigating this situation?
- What are some ways you’ve managed to cope with the wage vs. cost of living struggle?
Let’s swap experiences and maybe come up with some solutions together! Drop your thoughts below. 👇💬
At my company, upper management is mostly privileged people who all went to private schools and then Ivy Leagues and have generational wealth. They have never experienced what it is like to try to save and allocate food until the next paycheck, what it is like to take out loans to cover rent, to avoid going to the doctor or ER because they can’t afford the copays and high deductibles, to walk to work/stores not for pleasure but because they can’t afford a car or parking. And they truly don’t even get what it is even like to be middle class, it is more an abstract concept. For example, one of the partners at my company was trying to relate to me and said something about how it is hard to figure the market without an investment manager, amiright? I was like…dude, I rent. Maybe pay me $50k more per year and in 10 years i can afford to buy a house in a flood plain.