Why don't Americans save?

What I have never figured out is why there is this notion that if you don’t have a skilled job, then you pretty much deserve to make so little money that you’ll inevitably live in poverty. Where does this thinking originate from? Is it a new economic theory or is it market based economics?

Sandybestdog, you know the answer to this. Why are you basically writing a doctoral thesis when, deep down, you know the answer? Just in case you don't, which i am pretty sure you do, jobs that require no skill or experience are reserved for students and young people who compete over those jobs and don't require much pay. If you want more money, learn a skill that young, inexperienced, college students can't get and you will do fine. Now, I am sure, you will write 500 words on some vague topic.
:confused:
 
our "tax" package is quite high. It's just given a bunch of different names, like property taxes, sales tax, social security, medi-care, gasoline taxes, state income taxes, capital gains tax, etc etc. We're even taxed monthly on our cell phones for "environmental fees"

For most that doesn't include retirement costs and their own medical insurance so freecash flow for most Americans is close to zero.
 
Quote from harkm:What I have never figured out is why there is this notion that if you don’t have a skilled job, then you pretty much deserve to make so little money that you’ll inevitably live in poverty. Where does this thinking originate from? Is it a new economic theory or is it market based economics?

Sandybestdog, you know the answer to this. Why are you basically writing a doctoral thesis when, deep down, you know the answer? Just in case you don't, which i am pretty sure you do, jobs that require no skill or experience are reserved for students and young people who compete over those jobs and don't require much pay. If you want more money, learn a skill that young, inexperienced, college students can't get and you will do fine. Now, I am sure, you will write 500 words on some vague topic. :confused:
Every job I mentioned above I deemed required the same or less skill, risk, and investment than pizza delivery. Millions of Americans young and old do these jobs. They are not just for students and young people. So if we are going to continue with your philosophy, you are condeming millions of Americans to a life of poverty. I read some of your posts. You seemed very concerned and aware of the devaluation of the dollar. Don't you know inflation and the devaluing of the dollar is the preferred method of choice by the rich to widen the gap between them and the poor? So I don’t need to write 500 words on my response to you. I can sum it up in 2 letters. F.U.
 
Quote from Sandybestdog:

Every job I mentioned above I deemed required the same or less skill, risk, and investment than pizza delivery. Millions of Americans young and old do these jobs. They are not just for students and young people. So if we are going to continue with your philosophy, you are condeming millions of Americans to a life of poverty. I read some of your posts. You seemed very concerned and aware of the devaluation of the dollar. Don't you know inflation and the devaluing of the dollar is the preferred method of choice by the rich to widen the gap between them and the poor? So I don’t need to write 500 words on my response to you. I can sum it up in 2 letters. F.U.


Touchy, Touchy. :D Does this mean this thread is dead?
 
Quote from Sandybestdog:

Every job I mentioned above I deemed required the same or less skill, risk, and investment than pizza delivery. Millions of Americans young and old do these jobs. They are not just for students and young people. So if we are going to continue with your philosophy, you are condeming millions of Americans to a life of poverty. I read some of your posts. You seemed very concerned and aware of the devaluation of the dollar. Don't you know inflation and the devaluing of the dollar is the preferred method of choice by the rich to widen the gap between them and the poor? So I don’t need to write 500 words on my response to you. I can sum it up in 2 letters. F.U.

Why do you constantly focus on "why you can't" instead of "what you can"?

Think about that for a while.

Instead of chosing pizza delivery, why don't you chose something that is more highly skilled, compensated, sought after?

I could go out and find 3+ pizza delivery jobs today, if I chose to, which means that it requires little skill. All they are looking for is someone that will show up for their shift and has a vehicle.

Find a career that is a little more skilled, as has been discussed.

Quite frankly, I have no more pitty for you, because anyone that has time to come to ET and talk about their problems, isn't working hard enough to justify that complaining, in my opinion.

You should be working so hard, that you don't have the time or energy to complain on an internet board. Then and only then, would I agree that you have the right to complain.
 
Quote from clacy:
Why do you constantly focus on "why you can't" instead of "what you can"?

Think about that for a while.

Instead of chosing pizza delivery, why don't you chose something that is more highly skilled, compensated, sought after?

I could go out and find 3+ pizza delivery jobs today, if I chose to, which means that it requires little skill. All they are looking for is someone that will show up for their shift and has a vehicle.

Find a career that is a little more skilled, as has been discussed.

Quite frankly, I have no more pitty for you, because anyone that has time to come to ET and talk about their problems, isn't working hard enough to justify that complaining, in my opinion.

You should be working so hard, that you don't have the time or energy to complain on an internet board. Then and only then, would I agree that you have the right to complain.
Didn’t we already go over this? Right now I’m filling in for the day for my friend who owns a store in the local mall. 30 feet from me is the kiosk that I owned for 6 months. I worked 12 hours a day, 7 days a week, and invested over $25,000 to see that business succeed. Do you think I had a “why can’t I” mentality when I opened that? I tried everything I could. I asked friends and family for advice on why I had no business. The mall staff couldn’t figure it out. A local magazine even put my product and store location in as one of their top 10 gifts for the holidays. All of this failed miserably and nobody I asked could explain why to me.

So don’t tell me I haven’t worked hard enough. This is just one of the many things I have tried and nothing has worked out. Again we still have this notion that hard work pays off when it clearly doesn’t. Only smart work pays off and perhaps even to some extent dishonest work pays off.

BTW, that kiosk is empty right now. Several merchants have been there since me, all are gone now. I guess I figured out that this mall isn’t the best place to do business. Unfortunately it took me $20,000 to figure that out. That’s how business goes.

I didn’t go the traditional go to college to get a good job route. Maybe I should have. But I don’t want to work for somebody else and have to rely on them. I’ve been trying to make it on my own.
 
Quote from Sandybestdog:

You got it. I can’t save like I used to.

I can’t comment on people in Europe, I don’t know anything about the way things are there other than they seem to have a lot higher taxes and a lot of social programs.

You’re right, if I was able to save X $’s, then a higher level job should be able to save a lot more. I don’t see why this shouldn’t be the case. You have to also take into account that I don’t really care about a lot of the things others do. I have a higher goal and am willing to sacrifice the time and money now to achieve it later. I still live with my parents, so that I don’t have that extra burden. Many my age are realizing that is the only way they will ever have a shot at anything. It’s not uncommon now for kids to live at home into their 20’s. My sister just moved back, she’s 22. We can’t afford a $1000 apartment. I have bought 3 cars. The most expensive was $5000. The car I have now has 226k miles. I hardly buy new clothes and pretty much watch every dollar I spend. So maybe that is why I used to be able to save a lot. I’m not cheap, I just see the bigger picture. My one nemisis is obviously trading, and once every 2 years I buy a nice cell phone.

I have never ever said that I should get rich deliverying pizza. That would never work. I think many here are not getting this point. What I have asked is why did such an unskilled job used to provide so much, but now is barely providing minimum wage. Nobody seems to want to answer this. I will never get rich deliverying pizza, but I can get rich taking the money I can save from pizza and investing that and starting new businesses with that. But I can’t do that if I’m barely able to pay my bills and the cost of living never seems to stop going up.

What I have never figured out is why there is this notion that if you don’t have a skilled job, then you pretty much deserve to make so little money that you’ll inevitably live in poverty. Where does this thinking originate from? Is it a new economic theory or is it market based economics?

I went to the wisest source I could find to see what could be said about work and labor. I really don’t like religion, but I figured the Bible was a good source to look to. I was unable to find any verses that said those who work hard, but at an unskilled job, deserve poverty. Instead I found this.

2 Thessalonians 3:10
For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."

Proverbs 12:11
He who works his land will have abundant food, but he who chases fantasies lacks judgment.

Proverbs 14:23
All hard work brings a profit, but mere talk leads only to poverty.

Romans 13:7
Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.

I Corinthians 9:7-11
Who serves as a soldier at his own expense? Who plants a vineyard and does not eat of its grapes? Who tends a flock and does not drink of the milk? Do I say this merely from a human point of view? Doesn't the Law say the same thing? For it is written in the Law of Moses: "Do not muzzle an ox while it is treading out the grain." Is it about oxen that God is concerned? Surely he says this for us, doesn't he? Yes, this was written for us, because when the plowman plows and the thresher threshes, they ought to do so in the hope of sharing in the harvest. If we have sown spiritual seed among you, is it too much if we reap a material harvest from you?

James 5:4
Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.

These seem to suggest that labor should be rewarded accordingly. I never saw a verse that said somebody should work and not be paid his worth, or that only skilled workers deserve to eat. The overriding theme seems to be an honest days work should be granted an honest days pay. I’m not a Bible expert, so feel free to disagree, I know most of you will.

So here is a list of as many jobs that I can think of that are doomed to poverty if we continue with this notion that only skilled work should be justly compensated. I know I’m going to take a lot of heat for this post, and frankly I don’t care. Somebody has to say it.

Pizza delivery drivers, janitors, taxi drivers, cashiers, cooks at fast food restaurants, host and hostesses, waiters, bar tenders, receptionists, maids, lawn care people, bell boy’s, school bus drivers, mailmen, postal workers, DMV workers, grocery store stocking clerks, couriers, trash collectors, prostitutes, hotel roomservice workers, newspaper delivery persons, UPS drivers, parking attendants, probably most low end government jobs and pretty much most retail jobs.
the first thing you need to understand is the bible was written as a means of keeping the poor under control.
 
Quote from Sandybestdog:

Didn’t we already go over this? Right now I’m filling in for the day for my friend who owns a store in the local mall. 30 feet from me is the kiosk that I owned for 6 months. I worked 12 hours a day, 7 days a week, and invested over $25,000 to see that business succeed. Do you think I had a “why can’t I” mentality when I opened that? I tried everything I could. I asked friends and family for advice on why I had no business. The mall staff couldn’t figure it out. A local magazine even put my product and store location in as one of their top 10 gifts for the holidays. All of this failed miserably and nobody I asked could explain why to me.

So don’t tell me I haven’t worked hard enough. This is just one of the many things I have tried and nothing has worked out. Again we still have this notion that hard work pays off when it clearly doesn’t. Only smart work pays off and perhaps even to some extent dishonest work pays off.

BTW, that kiosk is empty right now. Several merchants have been there since me, all are gone now. I guess I figured out that this mall isn’t the best place to do business. Unfortunately it took me $20,000 to figure that out. That’s how business goes.

I didn’t go the traditional go to college to get a good job route. Maybe I should have. But I don’t want to work for somebody else and have to rely on them. I’ve been trying to make it on my own.


Sandybestdog, how did you save up the $25000?
 
Quote from harkm:
Sandybestdog, how did you save up the $25000?
Haven’t you been reading this thread? PIZZA DELIVERY. $2 and $3 tips at a time. I made almost every dime I’ve ever invested in the markets and business doing what society deems as a worthless job. Also as I explained earlier, I live a very modest life. I live with my parents and drive a very old car. I used to watch every dollar I spend because I wanted to, now I do it because I have to.

So again. I’ll ask the question nobody has answered. If I used to make lots of money doing a worthless job, how come I can’t anymore? How long until skilled proffessions like nurses, electricians, computer tech’s etc. are saying the same thing?
 
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