this post was submitted on 21 Jan 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
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- Better and fewer working hours.
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It reeks of those headlines saying that millenials/gen zs are "losing interest in buying cars and houses".
Motherfucker, interest has nothing to do with it. We can't afford it!
Well interest does come into it. Y'all can't afford the interest payments on the loans you'd need. Can't even find a decently priced used car.
Oooh, cool word play! I like it.
Also, I find it funny* that we somehow can afford rent but are not qualified to pay a mortgage with monthly payments that costs the same.
*enraging
I think this is a huge part of the problem. Rental property owners are just a liability buffer for the banks. There should be mortgages at a 1% down payment for first time buyers with a proven track record of making rent payments on time. Maybe the rates are a little higher, with the extra interest giving the banks motivation for taking on the extra risk. Then after the first term the owner can renew with a normal rate.
Doesn't help with the demand issue, but maybe all the rentals will flood the market after nobody is being punished for not having $100k laying around because they're busy paying someone else's carrying costs.
We can afford rent?
The article talks about millenials not being able to afford houses..
I know... I read about it on other sources too and mixed the headlines too. Sorry for the confusion.
Right, like the majority of my millennial friends also work to live, not live to work, it's just that living is so damn expensive that after we're done working enough to pay rent, there's not many hours left in the week to live.
I'm incredibly privileged. I have no debt, no loans, and housemates to split bills with. I only do 20 hours of paid work per week, and my hourly rate is pretty damn decent for my industry (I'm a coordinator in a community centre, I make $32AUD an hour).
I enjoy my work life balance and I wouldn't have it any other way, I have time to care for my chronic illness properly, and time for friends, and family, and to volunteer in my community for passion projects that could never in a million years pay the bills.
But being in your mid thirties and splitting rent with other people is tough, I fortunately don't want marriage or kids, but I can't see how I'd make it work if I did, babies can't help me split the rent, and most housemates don't want to live with a crying baby that isn't theirs.
So when my friend leaves his fun job for a grind company we know sucks our your soul, but it pays 8x as much and it's "just for 2 years until the deposit is saved for and the baby is born" then it's completely understandable why the next 24 months of my friends life is consumed with work. Because he needs that work now, so that he can live later.
But 2 years becomes 5 years becomes 10 years because first it's the GFC, then it's the housing bubble, then it's the mini recession, then it's covid, now it's whatever the fuck times were living in.
And at some point for millennials (and many younger Gen X'ers) living became surviving and we work to survive, we don't even know what thriving looks like.
I'm a milennial. I live in a country where we try not to work ourselves to death. Even my employer encourages an active separation between work and personal life. I do not remember what my monthly or yearly salary is, but I am able to have a good personal life with alot of spare time and money for my hobbies.
When I talk to my friends over the pond to the west, I'm always shocked about what I hear. 40+ hour workweeks, hardly any time off from work, etc. I also have a couple of friends in Japan, and their stories are actually worse compared to across the western pond.
Me and my girlfriend rent, which is somewhat unheard of around here. After the war, the economy was based on owning your own home. I made a few stupid choices when I was in my 20s, and I'm paying for them now by renting. The prices of homes are skyrocketing, so that every time I save some money, the prices increase and I have to save more to get a loan. Tough luck, but that's the way it is. I do not want to get a side hustle just to kill my self getting enough money to buy my home.