💵 Join 26,000+ people saving money faster with my FREE Savings Goal Tracker → vincentchan.co/savings-tracker 💸 Earn up to 5.25% APY with the best High Yield Savings Accounts → vincentchan.co/best-savings-accounts 📈 Get free stocks when you open an account and deposit $100 → vincentchan.co/moomoo/

A 2-3% raise annually when inflation increases 3.5% annually? That's literally a slap in the face, LMFAO.

@lisam200

15 күн бұрын

Yes, my company hasn't given office staff a raise in FIVE years

@jayocean4724

15 күн бұрын

I have gotten a raise at all

@istvanpraha

14 күн бұрын

And that’s official inflation. I love how rent went up 7 percent cars 10 percent food 20 percent and that equals 3 percent inflation :-)

@wilmaterna4667

14 күн бұрын

@@istvanpraha exactly

@Maikeru722

14 күн бұрын

It's more like 8%, isn't it?

What pisses me off is that your friend in IT was unfairly let go. He was doing his job. He met his quota. The company got what they were paying him for.

@TMeyer-ge5pj

15 күн бұрын

Yes! It is so annoying. You have to be doing it in the way that the company wants or they fire you

@broadestsmiler

15 күн бұрын

He automated himself out of a job. It wasn't unfair at all -- he did nothing for a year (apart from creating his script for moving files) and likely expected to be fired or given additional responsibilities. He should have began looking for another job as soon as he had nothing to do, as then he could have two jobs and only really need to work one!

@Liam-iv7wk

14 күн бұрын

@@broadestsmiler and yes it's absolutely unfair. Companies shouldn't own your 8 hours 5 times a week, they pay you to take care of their crap, not to have to look busy half of the time. Do I pay a cleaning lady to just sit in my kitchen in case I drop something later in the afternoon or does she leave after the job is done?

@broadestsmiler

14 күн бұрын

@@Liam-iv7wk He literally made a program to do his job for him. He replaced himself, that's on him.

@ThisIsntmyrealnameGoogle

13 күн бұрын

@@Liam-iv7wk It's not unfair at all lmao that's like saying you are unfairly letting go of your netflix subscription when you see that no one in your family is using it. Do you pay a cleaning lady when you realize they arent cleaning but they are using a robot that is way cheaper to clean for you? Your own example counters your own argument. You can make an argument about should we need to work in order to live or should we get a universal basic income but that's another philosophical argument all together. But as for the worker getting let go, no one is going to pay for something when they don't need to. Neither you nor your employer. It's not the company's responsibility to make sure he can still get paid while playing video games, you can argue it's the governments job to make sure there are social safety nets so people who do get laid off have some time to search for someone else before they go homeless.

Possibly one of the worst things about a 9-5 job...being unable to land one

@user-te3qm5mv6r

14 күн бұрын

It helps having gone to an Ivy League university or working FOR one.

@SevenEllen

13 күн бұрын

You want a bet? The 9-5 job IS the worst thing.

@rustym.shackelford5546

5 күн бұрын

Feel you there. Went to Trade School so I could get a better 9-5. Now I have to practically "freelance" my Welding Skills in order to make some money - and that's difficult to do as well.

@adriangomez2861

3 күн бұрын

Exactly

@JohnSmith-fo5cx

3 күн бұрын

I've been job hoping for a while now, and I get hired very quickly..usually within a week.....I'm pretty sure it's because I was in the military.

Working a 9-5 job, living frugally, and still living paycheck to paycheck is the stupidest system I’ve ever heard so far in my life.

Gig work only is a viable option in a good economy. There’s a ton of down sides that weren’t mentioned in this video for a balanced perspective. No benefits or health insurance, no pension or retirement assistance, taxes are all on you, and even a slight recession can totally throw off your ability to provide and pay the bills with no stress. Not to mention how saturated it’s become in the last few years. Gig work is great for secondary income. Don’t go into it thinking it is the best decision to make a living. Learn a trade and join a union. You will won’t have to worry about a recession or living in retirement, or any unplanned medical situations for you or your family.

@Glenningway

14 күн бұрын

That annoyed me when he was going through only the upsides, he doesn't look like he has enough life experience so maybe he's not aware? Also consultancy is probably a bit more safer than just a gig, where you can take your skills and offer your services for a good rate.

@SFX_714

14 күн бұрын

@@Glenningway same I’m sure he had some good intentions but you can easily mislead people, especially young people like his main YT demographic, into believing being a gig worker is better than a full time employee. It most likely is the lack of life experience. No one wants to work their life away, but working your ass off in the beginning is the best place to start to see where your gifts and passions are. It’s so easy to stand out and be successful in a trade or a hard skill these days because everyone has his mentality of being allergic to work, or looking for an “alternate route”. Pick something, show up consistently, work hard, and be eager to learn and you’ll have a great base.

@Ninetailsmaster16

10 күн бұрын

@@SFX_714 I did this!....was fired from my job of nearly 7 years a few months ago for pretty much a machine issue haha. By time I was fired I basically felt like offing myself any day though so I suppose it was gonna end very soon one way or another. Switching to freelance work as an artist quite literally is the reason I'm still here breathing...That lifestyle of only living to please others higher up than you on the food chain works and paysoff for a "lucky" few but numbers don't lie - it's just not worth it for pretty much everyone. Love the term "allergic to work" too. People don't mind meaningful work. But most people are products of their circumstances and their "choices" are 1.) take this pretty sh*t offer and get by barely or 2.) idk starve lol next

@wayfinder81

6 күн бұрын

I was wondering where the balance to the positives were. If this was released only 8 days ago, how is this being made without taking the state of the market in mind. o_O

@rustym.shackelford5546

5 күн бұрын

I'm just gonna embrace the fact that I might never """retire""" in the traditional sense. Can't work the time needed to put money into Social Security, so why bother thinking that I'm supposedly gonna just up and stop working come 65 or 70.

4:03 your friend didn't do "fake work". He did the actual work faster and more efficiently. His employer is just mad that he didn't offer to do more work for the same pay.

Starting a Side Hustle and it eventually turning into a "main hustle" has been the biggest game changer in my life

@Mayhzon

15 күн бұрын

Yes, yes I'm sure it did. This surely isn't another Hustlebro sales pitch.

@Cokk9ine

15 күн бұрын

200 views 😂 spend that money on ads bro

@borlean4691

14 күн бұрын

my side hustle became my 2nd job and now i need both to afford living

@darrellbratton9679

14 күн бұрын

My side hustle equaled my main job and then I retired and took the pension and still had the side hustle

@mr.frandy7692

5 күн бұрын

Those drugs sell like hotcakes. Good for you bro. Hahaha

Busywork/makework/fake work drives me up the wall. Give me meaningless shit to do just to "keep me busy" if I finish early? Ok, I'll just slow down on my actual work so it takes a full eight hours to do then. You shouldn't be punished for being efficient and good at your job.

The ultimate problem at its core : You have a bunch of people doing something they hate doing with no possibility of moving up if their brains aren't in it and the only thing keeping them there is comfort / survival. Like, why wouldn't someone try to escape that as much as they can get away with?

@michaelhenderson2657

15 күн бұрын

Perhaps they choose to work there just to pay their expenses...and have their main enjoyment outside of work ie....I like sports betting....but this isn't dependable income like my day job....and on my day job I have time to do research....

@BrianCarney-tn7mq

14 күн бұрын

Exactly. Add to that the most toxic and demoralizing job application and hiring process in history outside SLAVERY and Sparta. You get this male exodus from dating and society

@BrianCarney-tn7mq

14 күн бұрын

Exactly

@theboringchannel2027

14 күн бұрын

sounds like the human experience of the past couple hundred thousand years.

@EmilyGloeggler7984

14 күн бұрын

That’s how I feel about blue collar jobs and most side hustles including e-commerce and peddling unnecessary shit.

We had a code word at my last job: “broccoli”, which meant the manager was rounding the corner and we all had to look busy. I am so glad I work from home now, so now I can do laundry and start dinner instead of looking busy when someone shouts out the name of a vegetable.

@smiechu47

13 күн бұрын

We just have snitches and have to be busy all the time.

@asheharris6642

13 күн бұрын

Same. We didn't have a code word, but it was a weird scramble when our boss came into view. Now, I can fold clothes or take care of the dogs or play a pc game in my down time. I've increased the number of books I read as well. It's not my fault that my workload is lacking or that they make it easy for me to get all my tasks done efficiently. My husband even urged me to automate some of my work and I told him that wasn't even necessary, because it doesn't take me very long to do it.

@jennifertarin4707

12 күн бұрын

I work at a law firm and 90% of most of my days is me doing busy work and by that I mean "checking my spreadsheets" so that according to my computer, I'm working

@KB-xk8pr

5 күн бұрын

Same!!

It’s 8-5, not 9-5…

@jersterdota

6 күн бұрын

Or even 9-6

@mr-jon

5 күн бұрын

more like 996

The problem is corporate capitalism, which is a corruption of true capitalism. Why do I say that corporate capitalism not true capitalism? For one, corporations are not risking their own money. The corporate capitalist system allows them to privatize the profits but socialize the risk. The system also stifles competition (a key component of true capitalism) by favoring corporations over small business and by favoring larger corporations over smaller ones. If unchecked, this leads to so much consolidation in the market that monopolies form. And as these monopolies form, the customers and employees of those companies have fewer and fewer options. This leads to price inflation along with stagnant wages. If a labor shortage begins to develop as it was in 2021-2022 and laborers start gaining bargaining power, then they use shareholder money to pay off politicians to throw open the southern border and flood the country with cheap labor. You see, in the same way that socialism leads to communism, corporate capitalism leads to an oligarchy. This is where we are currently at as a nation.

@yappykaki

14 күн бұрын

so true

@kikijewell2967

13 күн бұрын

But doesn't a growth-based economy lead directly to corruption and slavery every single time? Growing like yeast until it dies in its own "waste"?

@sm00thtrooper

13 күн бұрын

if only every implementation of capitalism had not been corrupted by outside forces and changed into "corporate capitalism" it's almost like profits can be used by firms to influence markets to their advantage

@tjdgmlchl6305

12 күн бұрын

you hit the nail on the head

@chaseallen4352

11 күн бұрын

I wish to see true capitalism one day in my life. But I only dream

It’s almost like corporations shipping our jobs overseas, and importing cheap foreign labor was a bad idea. 🤔

@user-te3qm5mv6r

14 күн бұрын

Well the wages of foreign laborers can be just a tiny fraction of the wages of US workers- thats often why they do it! wages 1/20 as high!

@mikesteelheart

14 күн бұрын

Yup and whenever you bring that up Boomers will just brush it off like it's not really an issue.

@SariahSavvyTips

12 күн бұрын

@@mikesteelheart Oh no, not the blame game.

@carlacampbell9708

10 күн бұрын

He’s not blaming, boomers are just not flexible enough to understand that things have changed since they were starting out

@SariahSavvyTips

8 күн бұрын

@@carlacampbell9708 Sounds like a generalization to me.

I retired from a union grocery company. I worked full time for 35 years. I got my pension and loving it. It wasn't the glamorous job, but it kept me employed during all the business cycles. It was a recession proof job.

@alans.philippines

14 күн бұрын

Right. Less than 8% of Americans have union jobs now. Your generation, including my parents, lived in a time when working one job for great pay with great benefits was the norm. Times have changed and millennials like myself would rather travel blog, live off of English teaching, KZread, and other side hustles,. When I graduated from college with an education chemistry, the biotech company that hired me for one year wouldn’t extend me because I didn’t have any experiencein their type of work. So I gave up and moved onto something else.

@darrellbratton9679

14 күн бұрын

I got demoted as a federal employee, but I stayed for another 10 years to get my pension

@cashflow68

14 күн бұрын

@@darrellbratton9679 I’ve seen that many times when our coworkers wanted to leave the union for a managerial position. I always tell them that I will probably last longer in the industry than they would if I didn’t do anything illegal. I’m glad I did because 99% of the people who left the union eventually quit or got fired. To them, they wanted the title & pay. I wanted steady income and started investing in equities back in the 1980’s and done real well. I fully retired at 58.

@BlueSkyOcean

13 күн бұрын

You are very lucky, I just read a post from someone else working for Walmart for like 20 years and the moment he got cancer. They fired him. Union job is very nice.

@cashflow68

13 күн бұрын

@@BlueSkyOcean Walmart would get sued for illegally terminating the employee. A union is good for protecting union rights. I for one never needed the union because I always followed company policies.

G dang I feel the fake work problem. At my last job we had queues with jobs we were supposed to fill the day with. We could pick up work along the way but that was hit or miss. Most of the time in our slow season all of us were stretching out about 3-4 hours worth of work across 8 hours. When they coudlnt come up with something to keep us busy we were sent to help other departments that didn't really need it. There was so much time I wanted to go home and work in my garden, work out, or at least go for a walk and I couldn't because I had to be there even though there was nothing I could do.

and alot of the "fake-work" or "make-work" workers are still employed in 6figure IT jobs whilst much of the top talent, key leaders and contributors alike are unemployed and getting rejected left and right by interviewers who are more along those lines of the fake/make-work workers

If people did their research, most in the U.S. don't work from 9:00AM-5:00PM. The 9-5 hasn't been the norm since the 2000s!

Hey, corporate jobs have never cared about employees, especially my Generation X. If you noticed pension plans are no longer offered and 401k plans were savings accounts now turned into retirement accounts.

@kikijewell2967

13 күн бұрын

Yep, we GenX were screwed by Boomers, and now screwed by Millennials and those rising into power.

I'm on HR review at work for this same reason. I did my job but if I completed my tasks before working 8 hours they say I'm not productive enough

Yup, if you want true freedom, you have to ultimately employ yourself. Putting your financial eggs in the basket of your 9-5 employer makes you VERY vulnerable. These corporations have no loyalty towards you, so be strategic about how much of your time and sanity you dedicate to their business goals.

I never understood some people and their cult like loyalty to their employer. I am loyal to the people i work with who i made friends not the firm. They will fire me in an instance if it benefits them, just like I will leave them if it benefits me. I also hate employee participation in company BS or any thing involving celebrating month of X whoever group. I come to work to work and get paid, thats the job.

9 to 5 in the UK is virtually gone, jobs are advertised and 'you are expected to be flexible,' ie give your life just for the company. I am currently looking for a p/t job, yet I have about as much enthusiasm to do this as put a gun in my mouth.

It’s also a problem that work is too complicated now. Most people want a paper pushing routine IME. They can’t deal with all of the ad hoc stuff and problem solving. So the few smart people end up burnt out while everyone is lost and getting paid about the same

Sen Bernie Sanders wants to change the work week from 5 days to 4 days. I wonder if it would change the 9 to 5. Or reveal that employees are trying to look busy.

@tinad8561

15 күн бұрын

It’ll create a de facto second shift where office people are pushed to wfh on the new “day off”, and encourage the hiring of two 20-hour part-timers, no benefits, for coverage in jobs that have to be face to face. We did this already with the temp agency revolution in the late 80s/early 90s-in an employer’s market, the employee gets nothing, no stability, no benefits, sinking pay.

@Liam-iv7wk

15 күн бұрын

Honestly a 4 day work week but 10 hour day would absolutely be preferable to five 8-hour days. Also that would mean one less commute, one extra day of better sleep, and an extra day per week to do something else that's not waging.

@user-te3qm5mv6r

14 күн бұрын

@@Liam-iv7wk Many employers give a day each week to work on personal projects, NASA also does that so does Google.

@deegs1749

13 күн бұрын

Sen Bernie Sanders also wants to tax all stock transactions, a “carbon pollutant” tax, and tax large estates at 50%.

@foodlover8151

13 күн бұрын

@Liam-iv7wk you are absolutely right. 8 hrs + commute, and there is little energy and time to do anything significant. I rather spend 4 days working 10 hours. At least I have 3 days to shop, clean, decompress

Loyalty makes sense when you like being a doormat and net wages are greater than costs of necessities of life.

We are choosing freedom over security....plus employers dont want to pay benefits thus they hire independent contractors

Another EXCELLENT video. Human work norms have always been changing over the centuries. Even in modern times after the industrial revolution, 9-5 would have been considered luxurious. For a brief period in the 20th century, 9-5 was the norm. I like that Vincent pointed out that today, corporate 9-5 actually means 24/7. Good observation that things are moving toward the at-will gig model. Beyond the gig economy, we have reached the point where multiple jobs are often a necessity and eventually may become the norm. I like the three tips for future-proofing your career. Regarding "time is money", always remember this is only true from the business perspective. In reality, time is actually a finite resource, the one thing that you own outright, and your most precious possession. Give it away at your peril. It is NOT always the best idea to see it as something that you need to receive dollars for. You should use it to your best interests.

@user-te3qm5mv6r

14 күн бұрын

My wife works an average of 60 hours a week she is an engineer!

@BSGSV

14 күн бұрын

@@user-te3qm5mv6r Yes, exactly. As a scientist, I was working about the same and was expected to reply to "urgent" business emails essentially 24/7.

@BSGSV

14 күн бұрын

@@user-te3qm5mv6r Exactly my point. I was a scientist and worked about the same but was also required to be accessible and responsive after hours by email.

I does really wonder what’s the point of working for a company where you can’t speak on things you don’t like. And the pay is mediocre Ain’t worth it to me 🚮

Having a full time remote job that's also flexible for hours is great compromise. With the right company/job, you can balance out some weeks it's a lot, other times you don't do as much but don't need to fake work necessarily.

With gig work you don't have 401K, medical insurance, sick days and other things that keep you going when you're not able to work. Also how freelancing different from contractors? Companies prefer to work with body shops like EPAM rather than individuals. Freelancers are getting peanuts.

9-5 is not going away. Trust me... its there to exist.

@strawberribubbletea

15 күн бұрын

It’s more like 9-9 now with all the unpaid overtime companies expect you to work while laying off so many people

@Mayhzon

15 күн бұрын

Exactly. What's actually getting replaced sooner is all the cool freelance work and artsy stuff. All the things actually worth engaging in and doing. Ugh.

Lol I hate that once I heard the slack notification sound, my head turns to see if there's a message. I'm so conditioned ...

This is not new. This has been going on since 2001. I think that era really changed the work economy and the economy in general for the worse.

I don’t know anyone who works 9-5. It’s always 8-5 and a bottle or two of antidepressants.

@ToulouseFan

17 сағат бұрын

Fucking facts man

I never thought about "gig work" and not much about freelancing. This is great information. However, the problem I see with this new trend of working alone is ..... loneliness issues getting even even worse (it's already sky high). There is noone else to interact with; no new people to meet.

Gig-work only is often is impossible to maintain in field like software engineering. Gaining knowledge of the current systems and leaving a system that can be maintained and have it running for the future in a short timespan is impossible. That said, I can agree that many companies can benefit from having less full time employees and more independent contractors in fields like this. I literally have no idea what some of my coworkers do everyday because the output is just not there

Sounds a lot like the issues that Japan has, looking busy as opposed to being efficient.

@VincentChan

15 күн бұрын

Ahh I heard about how the culture is to stay super late until like 9pm to look like they’re working

@VincentChan

15 күн бұрын

Have you been to Japan and seen this?

@Mayhzon

15 күн бұрын

I can assure you that this is entirely an American thing and not everywhere there, either. See Sales Jobs. You bring numbers or you're out. Come to Europe, Germany in particular. Try the "look busy" thing here. You'll be out sooner than you'll realize. The whole "there is nothing to do" is so deeply entrenchened American culture, I don't think any of you Americans grasp how different your reality is from the rest of the world. Except for Japan maybe, who have the "stay in office til the boss leaves" culture coming from their honor-culture. But that's it.

Your friend did the work and the companies think that kind of work costs them "1.5 trillion a year" ? That's ridiculous, what they asked was done, END OF STORY. I've been doing exactly that for 8 years now.

In Finland, we have the so-called zero-hour work contracts. They are "come to work when called" contracts that don't guarantee that you will have a certain number of working hours per week, but that you will only come to work when the employer needs you. You are still counted as a full-time employee and the phantom salary that you don't get is counted as a potential salary that you could have received. Its name comes from the fact that it is possible to make workweeks under that contract where you have zero working hours and you don't even get paid for this time, because you only get paid for working hours worked. In such an agreement, the employer's working time requirement for the employee is, for example, that the employee has nothing that would prevent they from coming to work, for example, one hour or half after the call, and this applies to taking other jobs because it would affect the employee's availability when called. It sucks for the employee, but at least the employers like it. If anyone even wonders how this is possible, we do not have a statutory minimum wage in Finland and no politicians who would be interested in changing this situation. The minimum wage is agreed freely between the employee and the employer or the trade union and the company so that there is flexibility in the wage.

Most jobs have enough work to be completed in 8 hours or more. Must be a few jobs where you have to fake like you are working.

@istvanpraha

14 күн бұрын

Agreed! In fact the 8 hour tradition gives me a great reason to leave “early” since work is never done.

@TheGreatWasian_

14 күн бұрын

I am a finance data analyst and yeah there is enough work for 8 hours or more but it just is not realistic at all to expect anyone to work for that long in deep work for a mentally intensive job. You have no choice but to do some fake work just to take a break and let your brain recover. Hopefully my corporation is not spying on me right now reading my comment haha

Having a “job” has become a dangerous prospect. It’s (almost) riskier to gamble your life away with a 9-5 than starting your own company. We’re close to a big shift in how work gets done. It makes sense to me to get ahead of this movement now.

Great channel, I am so glad I came across this you and you definitely keep it up! A big supporter.

Look at that size of glasses for milk in that old clip. We had those size glasses in late 60s. It’s wild,the size,of the glasses we have and use now makes those old milk glasses look like shot glasses.

My issue with gig work is I've found that many don't pay well or offer benefits, since the "gig" is your own business you're likely to fund your own insurance, which is very pricy in the US. At least pre-COVID. And when the gig ends, you're out of work until you find another.

@justjoanish

14 күн бұрын

Exactly. No stability, no permanency, no benefits. No consistency in income as a very possible side effect.

@jon9509

12 күн бұрын

And you're trading one boss for everyone is your boss. And flexibility to work when you want means you have to work all the time at any hour you can get work.

white collar jobs sure, but nursing and shipping will always be in demand

Interesting topic you presented and keep it up!😎👍

I think you said absolete but meant to say obsolete. Also knowledge work has been a thing for decades. Multiple jobs has become a necessity for multiple reasons. Results vs time is a management shift but they're not effective at measuring the desired results and that affects the relationship and expectations. Good job thank you.

9-5 with weekends off is luxury employment. You go into the healthcare field and see how far you'll get adhering to that silly paradigm. Spoiler: you'll be dropped day 1 of your training period.

I thought tech was the fastest growing field now it seems like everybody is getting fired?

@aaronaustrie

13 күн бұрын

I might have to reevaluate my decision to work in tech after college cuz it’s probably not worth it

@Zeecash22

13 күн бұрын

@@aaronaustrie same here

Nice Video, very educational. Thank You!

Grateful I found this video.

The issue with “finish your tasks” is that in many white collar roles, the “tasks” are just your morning routine and your actual job and what you put in your review and what you discuss in meeting is all of the troubleshooting and coding and automation

@baseballer181

13 күн бұрын

This. Or you work at an extremely under resourced company where this always a list of things to do.

Lots of solid points but I'm sorry, all I need work for is to collect a paycheck to pay bills, medical, and retirement. I'm not looking for some life fulfilling career or any of the crap we've been brainwashed to believe. Keeping my expenses low and avoiding debt so I can hopefully retire way sooner rather than later. 😳

@jeshuarestituyo284

14 күн бұрын

Wanting to be happy at work it ain’t crap the heck? I’m sure you didn’t even watch the video at all and your name already tells me everything 😂

The video gets a big thumbs up 👍 from me, as this is how most people feel nowadays in office jobs, with all these strict requirements and communicating in and out of traffic for hours before and after work. Majority of the time not having a proper social life during week days 👍

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

@keshams3665

5 күн бұрын

Well said!

You make some of THE most sensible videos on youtube!! I'm a big fan!

Hi Vince, I love your videos... I am now back working at a city job after 10 months of no jobs!

@VincentChan

15 күн бұрын

Thank you Annie!! Love reading your comments :) what city job are you at nowadays?

@annielin2894

15 күн бұрын

@@VincentChan tough job case management at Tuberculosis Control in New York City Department of Health and Mental Hygiene. I am 50 and single... I just roll with a job until I retire with a pension. That is all. Grateful for the free health insurance.

@annielin2894

15 күн бұрын

Also at my job everyone commutes from ages late 20 to 70 all live far away, misery and all waiting for that pension to kick in and free health insurance.

@kizunaryuvermillion

14 күн бұрын

​@@annielin2894good for you, though i can't always trust companies with "pension" ik a person who retired and their company didn't even send the money they were supposed to send for the pension to be made. (Company Probably ate it) And i doubt most retired people are looking to get into legal issues so they avoid doing anything about it. (This wasn't just in case of one person but more than one too). - So they got nothing, thankfully they atleast got the one time big amount of money they get at the end of the retirement so they could invest that to atleast get an interest on it. You probably won't face it if your company was good though & depending on where you're living, but having a second plan is a good idea.

@kizunaryuvermillion

14 күн бұрын

​@@annielin2894 good for you, though i can't always trust companies with "pension" ik a person who retired and their company didn't even send the money they were supposed to send for the pension to be made. (Company Probably ate it) And i doubt most retired people are looking to get into legal issues so they avoid doing anything about it. (This wasn't just in case of one person but more than one too). - So they got nothing, thankfully they atleast got the one time big amount of money they get at the end of the retirement so they could invest that to atleast get an interest on it. You probably won't face it if your company was good though & depending on where you're living, but having a second plan is a good idea though I don't wanna get you to be too jumpy.

This is easily said but how do we start a side hustle. In what aswell

These are the days of going out on your own. Figure out how you can be independent and offer clients a good product...😉thx V..❤

What silver watch is on your wrist? I really like it!

Yeah even in my current role. I sometimes finish my work early and just pretend to be busy for the full hour shift to be over lol

I've been saying this for years before I knew the term "knowledge worker". I would say, I don't work in a factory, why am I puching in and out like a factory worker.

Anyone remember the vibe from about 10 years ago when "the gig economy" and startups like Uber, Airbnb were so cool? Were they ever anything but indicators of coming poverty?

HO + Freelancing = 0% knowledge transfer between employees. That's a disadvantage for both sides.

On the other hand, 9-5 offers stability. Its too stressfull to go on a full gig

its 8-6 or 7 and monday to saturday in my country, its really suck.

facts sense covid as a carpenter ive only got 1$ raise in 4 years

@VincentChan

15 күн бұрын

Damn, a $1 raise in 4 years? Do you know if your company’s competition is hiring, maybe switching jobs will help :(

@kingbender22

15 күн бұрын

@@VincentChan oh its terrible but it motivated me to learn new skills i mainly trade stocks like a hedge fund now the 9-5 is just a safety net for the bills slowly turning something i learned as a hobby to a job would be amazing

@robbro3589

15 күн бұрын

I highly doubt they are paying any better. One of the biggest lies happening now it that blue collar jobs will make you wealthy. Now being a business man first in the blue collar sector that may be true but it's being the "entrepreneur " that is the success part.

@kingbender22

15 күн бұрын

@@robbro3589 yea always say unions and stuff which a union is ok if you there for like 8 years the carpenters union in virgina starts at 16$ and so does walmart here lol

I started my little business around five years ago now since i kept being forced to choose between my childs health and my job, it has simultaneously been the most challenging and most rewarding thing ive ever done. Its incredibly hard but it's incredibly freeing and ive grown it to a point where i make enough to constitute a decent part time job. I can actually say im almost to the point of needing my own employees. Maybe one day.

You said "could not care less". Bravo! The proper use of that expression and I congratulate you for it. So many on KZread can't even manage that.

Amazing video tbh. I’m going to start 2 side hustles from my main one now. My main hustle isn’t paying very much and has zero stability.

My assembly job got rates for builds. I be getting 8 hours worth of work done in 5 I ain’t finna be not a single 1 over the rate cuz my pay stays the same

I am still in a 9 to 5 for now, I earn enough to pay for everything and paying off my student loan. After that I will look what do after that. Like investing.also my job increases it salary drastically as I work for the government in my country. ( I will have 20% increase this year ) and had same last year

Dating and job market becoming more similar with each passing moment dear god

Freelancer work can work in many cases, but not all cases. In essence, freelancers don't get benefits. Employees do. Its actually more detrimental to freelancers in almost every way than to be an employer. The thing you didn't talk about is how being a free lancer costs more money than being an employee.

It seems so complicated to be an independant contractor / freelance. I don’t know how to do it, how to track my hours, etc.

Gig work could work for people who makes enough money to save for down time, taxes, health insurance, and other expenses, retirement, etc. This where having a good job or working for a reputable company with great benefits increases your chances to have a better future.

It’s rather interesting how colleges never talk about this. I feel like we the youth have no control of choosing not to work for people and starting off alone

Looking for a new job. Been at my company 3 years and has no received a raise

@TheCreoleSon89

14 күн бұрын

Same! I haven’t gotten a raise in 2 years and can’t find anything that is better or pays more. I have to get my skills more refined with KZread university. I’m just plotting my exit. I’m in my office plotting additional ways to make money. Also have a second job and saving money and investing a lot.

great video

so gig work is the old freelance moniker ?

This only applies to office jobs, tbh. Jobs like mine, delivery, or construction and such work fine with the 8+ hour schedule.

I just do a small giggle every time a young person realizes that they are nothing more than an “at will employee”. I also giggle whenever my coworkers proudly display pictures of the CEO shaking their hand on their work anniversary AS IF he remembers, cares, or places your picture on his desk

can you share how you "agressively" ask for promotions?? so curious

03:30 would your friend have agreed to be still employed for a reduced salary ? he just needed to daily check the files which took 10 minutes

9-5 job…..lol! More like 7:30am -5:30pm with not breaks……on a good day.

@alphaomega1351

14 күн бұрын

More like 24/7 if you work on IT. It's interesting how organizations have managed to take up even more of our time for the same pay. 😳

But filling in time until finish with no work although counter productive, it pays the bills. If we don't have this and get told to work half the day our pay will be cut. No point mentioning this.

Soooo much hoop looping, backflipping and just overall bs

@BrianCarney-tn7mq

14 күн бұрын

The job application process is so demoralizing, dehumanizing, as disrespectful to the job seekers as possible....and has become generally more depressing and draining then 90% of my "not good or fun" experiences I've had serving 4 years in the usmc.

Always stretch your work out!!! Never let them learn you can do more… then eventually your 15min breaks and off days are luxuries

1:35 Painfully incorrect. It’s still tied today, you’re just able to understand it easier in the context of a conveyor belt spitting out thingamajigs

First. Also I've yet to work a white collared job that actually has a union and that includes multiple fortune 500 companies.

@VincentChan

15 күн бұрын

Are you looking to join a union?

@Liam-iv7wk

15 күн бұрын

@@VincentChan I'm unemployed right now and switching industries so no. But I was interested in doing so in my last few roles

It's refreshing to see discussions about the evolving nature of work and the need for flexibility! Embracing flexible work schedules can lead to happier, more productive employees and ultimately benefit both individuals and companies. 🌟

No health insurance!!! Yeah!!!

Gig work is only good during stable economies, not during weak economies or recessions, like now!!

Gig work will ultimately employee individuals in India, Mexico, etc. many have been educated in Canada, USA, UK and once have degree go back to home country. These countries will become the hub of gig work and contractor jobs. North America will loose big.

In my industry, the freelancers are all gobbled up by large consulting firms and there's a premium for typically worse talent.

I figured this out in 2010 itself and didn't do a degree. Just focused on the skills needed to get highly paid jobs

please make the entire video brighter and whiter,

1.5 Trillion or 1.5 Billion per year?

The system is being designed this way! Degrowth