Quote (thesnipa @ Jun 8 2021 11:56am)
its not just retail/food. my work can not find entry level assemblers or fabrication workers. we pay like 16-18$/hour and all of the young guys who normally come in are sitting at home on unemployment for now. temp agencies cant even get us people....
i dont blame them, i'd take a 2$ pay cut to sit at home and fish all summer too.
GL beating my 401k with that new wood carving skill!
focused on 1 part of my sentence. new skill could also be additional education so they dont have to work the low-skill set retail job.
look at whats going on with WSB and retail investment community. with the time on hand, people learned to invest or get involved in the market and could take that further. if they are disciplined and develop their knowledge further why not invest full time if they can make an equivalent, if not more, for less overall time worked. the key is not to work more, but to increase earnings per hour and maximize other freedoms.
i agree with you that it may not beat the returns, but, supplementing investing with monetizing a hobby that people enjoy doing might be more worthwhile than working and dealing with shitty customers + bosses lol
fyi, my buddy started wood carving and invested in a 3-d print machine to help him out and sells wood signs, tables, etc. he's starting to pick up. will check back with you how he does in 1 yr, although, he does work full time as an engineer and has no plans to exit his job right now so not the demographic we are talking about lol
This post was edited by Budgeting on Jun 8 2021 10:30am