• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

RANT Sure, let’s blame capitalism

Discussion in 'Off Topic: Sports, Funnies, Pop-Culture' started by Scot, Nov 30, 2017.

  1. Scot
    Online

    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    2,422
    Likes Received:
    10,440
    Joined:
    Jul 10, 2016
    Gender:
    Male
    Location:
    Florida
    Rep Bank:
    $48,502
    So this post came across my Facebook news feed today.

    BD053B4D-5C80-4523-80E2-40C146AB6EA9.jpeg

    The post title was something to the effect of

    “This is capitalism for you. Actual job posting...”

    The comments section was full of people complaining about minimum wage, how they had jobs with low pay but high qualifications, etc.

    The only thing I could think was, “ god, I hope they found the sicko who held a gun to their head and forced them to apply to this job”

    Everyone saw this as an example of why capitalism was horrible.

    But we all know the other side of this story, being entrepreneurs.

    What actually happens is this employer won’t get qualified leads. They’ll either get applicants who are bad fits for this position or just need a paycheck while they look for another, better paying one.

    The end result is the employee will put out bad quality work and produce less profit. In the end, the employer will suffer because they did not want to pay market value for qualified employees. They will either suffer on the P&L sheets or learn their lesson and increase salary offering.

    That is how capitalism works. What the comments want is socialism, where you get paid whatever some agency seems fit, not based on merit or skill level.

    I know this is common sense to us, but I had to vent to people who actually get this concept.
     
    SMH, visiomari, Supercar and 28 others like this.
  2. Longinus
    Offline

    Longinus Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    764
    Likes Received:
    2,924
    Joined:
    Aug 28, 2014
    Gender:
    Male
    Location:
    Flanders, Belgium
    Rep Bank:
    $12,954
    [​IMG]
     
    Nik@16, SMH, Supercar and 29 others like this.
  3. CycleGuy
    Offline

    CycleGuy Bronze Contributor Speedway Pass

    Messages:
    123
    Likes Received:
    296
    Joined:
    Jan 16, 2015
    Gender:
    Male
    Location:
    Midwest
    Rep Bank:
    $1,700
    The majority of people who are already poor/impoverished/unemployed/underemployed tend to believe they are special and deserve $25/hr or higher starting out. Especially people with non-stem bachelor's degrees. It doesn't work that way.

    In 10 years, it won't be minimum wage we're fighting. It will be universal basic income...
    People aren't advancing at the pace of tech and the cognitive abilities required to function as a successful member of society will continue to rise.
     
    SMH, masterneme, Deceiver and 10 others like this.
  4. LeoistheSun
    Offline

    LeoistheSun Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    416
    Likes Received:
    579
    Joined:
    Oct 3, 2017
    Gender:
    Male
    Location:
    Southern Cali
    Rep Bank:
    $2,653
    Well I had experience and did not have a bachelors or associates (im a dropout) and I DID get a $25/hr job starting out...
     
    SMH, ZF Lee, Envision and 2 others like this.
  5. CycleGuy
    Offline

    CycleGuy Bronze Contributor Speedway Pass

    Messages:
    123
    Likes Received:
    296
    Joined:
    Jan 16, 2015
    Gender:
    Male
    Location:
    Midwest
    Rep Bank:
    $1,700
    That's great, you're not the majority I'm talking about. We have lots of general laborers and coal miners doing similar but the key word is experience. You have a skill set employers are willing to pay for.

    edit:
    Location: Southern California

    Don't dog walkers in Southern Cali make $75k/year?
    (I keed, I keed)
     
    SMH, ZF Lee, Kingmaker and 1 other person like this.
  6. Scot
    Online

    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    2,422
    Likes Received:
    10,440
    Joined:
    Jul 10, 2016
    Gender:
    Male
    Location:
    Florida
    Rep Bank:
    $48,502
    I had a bachelors and was a veteran and I washes dishes at Red Lobster. But then I went to job fairs and got a job with Verizon. There I developed a skill, sales, and at my day job I make a really good living. It’s all about what you do to improve your own lives.

    That’s why we’re all on this forum. We’re here to improve our lives, something most people don’t seem to actually want to do.
     
  7. PedroG
    Offline

    PedroG Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    277
    Likes Received:
    692
    Joined:
    Oct 1, 2013
    Gender:
    Male
    Location:
    NH
    Rep Bank:
    $4,353
    Interesting comment. I was just thinking the other day about how members of my family are so much worse off than they were 20 years ago when I was a teenager.

    Maybe it's just how I remember things being back then, but it seems there are so many people that I know that just haven't done what it takes to just survive, let alone thrive in society.

    It's like they're all in a big bubble waiting to burst. They're one economic crisis away from being out on the street. And it's all because they went through life like it was just about being biologically alive, and nothing more.
     
    SMH, visiomari, TheCj and 3 others like this.
  8. MidwestLandlord
    Online

    MidwestLandlord Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,447
    Likes Received:
    10,009
    Joined:
    Dec 6, 2016
    Gender:
    Male
    Rep Bank:
    $36,508
    Optometry techs are gonna get replaced by machines anyway...
     
    SMH, vinylawesome, TheCj and 4 others like this.
  9. mike24601
    Offline

    mike24601 Consumption Bear Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    195
    Likes Received:
    486
    Joined:
    Apr 8, 2017
    Gender:
    Male
    Location:
    Illinois
    Rep Bank:
    $3,844
    I work in a unionized job that doesn't require very much skill and where all employees in the work group are equal in qualifications. Assuming enough caloric intake and you don't do anything get fired, you can progress to a very high pay rate in a relatively short period of time. As a result, I work with a lot of petty, uneducated goobers that get paid 4x what I make for the same job and have a complex because of it, even though the guy/gal starting on day 1 has no less skill or actual value than the most senior employee. Makes me want to puke
     
  10. CycleGuy
    Offline

    CycleGuy Bronze Contributor Speedway Pass

    Messages:
    123
    Likes Received:
    296
    Joined:
    Jan 16, 2015
    Gender:
    Male
    Location:
    Midwest
    Rep Bank:
    $1,700

    It's happening as we speak. While tech is helping our economies grow and most of us on this forum are benefiting from it, the lower functioning portion of society continues to struggle.

    Your observation of your family is correct. I've noticed a similar pattern in my family. Some members of my extended family are the types of people I truly despise. Using every type of handout and assistance available instead of working hard and bettering their situation.

    The thing is, none of them are "African Poor". They all have phones/tvs/housing/cars. I think that's what the future points towards. A large section of the population with low cognitive abilities, who never thrive in society, but have all of their basic needs provided for them.

    It's sad and against everything I believe in, but I think it's going to happen.
     
    Contrarian, GSF, ZF Lee and 3 others like this.
  11. Arun Siva
    Offline

    Arun Siva aspiring 大君 of the bourgeoisie Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    1,059
    Likes Received:
    1,635
    Joined:
    Aug 31, 2016
    Location:
    NORD-TRONDELAG
    Rep Bank:
    $11,069
    i hope robots take over so then I can implement quality control on those robots to do menial tasks like janitorial and button pushing at automotive plants lol
     
  12. MJ DeMarco
    Online

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    26,470
    Likes Received:
    81,567
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $343,661
    Admin Post
    OMG, just look at this from a mathematical perspective...

    You've graduated from college with an optometry specialization. In doing so, you've spent 4 years of your life and approximately $150,000 for WHAT?

    An extra $2 an hour more than minimum wage!
    Does this sound like a good investment?

    No, capitalism doesn't suck.

    Your brain sucks at questioning authority and making economic decisions about your life.

    But yea, everyone in the world from grandma to your guidance counselor said "Go to college!" and you did, without question, without pretense, and without foresight.
     
    SMH, visiomari, masterneme and 19 others like this.
  13. CycleGuy
    Offline

    CycleGuy Bronze Contributor Speedway Pass

    Messages:
    123
    Likes Received:
    296
    Joined:
    Jan 16, 2015
    Gender:
    Male
    Location:
    Midwest
    Rep Bank:
    $1,700
     
    jon2089, GSF, DaRK9 and 4 others like this.
  14. C-Jay
    Offline

    C-Jay Audeamus Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    146
    Likes Received:
    389
    Joined:
    Aug 7, 2017
    Gender:
    Male
    Location:
    Ottawa, Ontario, Canada
    Rep Bank:
    $2,160
    Exactly. This all relates back to the script. The advice kids receive to "do what you love and everything will work out". That then gets twisted into "do what's easy". The thing about STEM is that it's f*cking hard. No surprise that the highest paying jobs are in those fields. I can't count how many friends/acquaintances I have, or fellow students in university, who got their degree in liberal arts, English, sociology, or (insert 90% of useless degrees here) and to this day, years later, work unskilled labour, server, or retail jobs making the minimum wage or slightly higher. No disrespect meant to that portion of the workforce.

    Intense disrespect to the ones that then have the audacity to complain about it and how it isn't their vault that they've topped out. They blame the job market. They blame the job-stealing immigrants. They blame the boomers. They blame their boss. Their coworkers. Everything and everyone gets blamed.

    My degree was fairly useless too, but I've done just fine in spite of it. And the only person who receives any blame for that is this guy.

    I'm in Canada, and the job market here isn't that bad. When I hear people complain about, say, the housing market? Okay, yeah I'll grant them that. It's absurd, and even responsible slowlaners earning respectable wages are being priced out of major cities (try living in Manhattan on 100k; that's Toronto with 80k). But complaining about your job? Give me a break. There are well-paying jobs for everyone willing to learn the required skills to get them. If you refuse to divorce your connection with the useless bachelor's degree you got...well, that's your problem.

    edit: the reason I mention the housing market is because my grandparents, on unskilled labour salaries (before my grandfather started a business), were able to comfortably afford buying a house. In fairness to unskilled wannabe homeowners today, that's simply impossible in the majority of medium+ cost of living cities, and that fact is a larger economical issue.
     
    SMH, Contrarian, jon2089 and 3 others like this.
  15. JAJT
    Offline

    JAJT Ha Ha! Business Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    2,568
    Likes Received:
    12,872
    Joined:
    Aug 7, 2012
    Gender:
    Male
    Location:
    Ontario, Canada
    Rep Bank:
    $64,659
    Want to know what almost nobody wants to hear from you?

    "Have you tried calling the places you've applied to and speaking to someone about the position?"

    I've asked this to a bunch of folks and "resentment" is the best word to describe the response.

    The mere idea that maybe they might have to speak to someone and do a little hunting and selling of themselves is insulting to them. "I don't want to work at any place that requires candidates to go that far out of their way to work for them" is one of the funnier answers I've heard. "I don't want to annoy them and ruin my chances" is another funny one.

    You're jobless.
    You're broke.
    Pick up the f*cking phone.

    I swear, everyone agrees with the statement "insanity is doing the same things and expecting different results" until it comes to job hunting. Then it becomes "I've applied everywhere and nobody is hiring me, I better find more places to apply to".

    No f*cking wonder you ended up at a sh*t job.
    Instead of looking for the needle in the haystack you went looking for the peanut in the sh*t pile.
     
    SMH, sun2804, UnrealCreative and 19 others like this.
  16. C-Jay
    Offline

    C-Jay Audeamus Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    146
    Likes Received:
    389
    Joined:
    Aug 7, 2017
    Gender:
    Male
    Location:
    Ottawa, Ontario, Canada
    Rep Bank:
    $2,160
    I have a few "friends" who are constant complainers. Every word they say with regard to money or finance is laced with resentment at the luck or good fortune of others. And then, when you try to give them the practical advice of "here's an idea for you..." - you get the mumble response of why it wouldn't work, or that they'll do it someday. It's laziness and nothing else. They're the exact people who will let you believe they know what they're talking about when they say "I know I shouldn't follow up on that application too eagerly; I don't want to look desperate"

    Well, you should be desperate. But you clearly are not. And that's your problem.
     
    SMH, visiomari and Contrarian like this.
  17. luniac
    Offline

    luniac Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    1,305
    Likes Received:
    1,780
    Joined:
    Dec 7, 2012
    Gender:
    Male
    Location:
    brooklyn
    Rep Bank:
    $10,218
    As long as there ARE jobs and affordable food and housing, i got no complaints.
    if u want an iphone 10 too, well that's a luxury buddy...
    I do believe all U.S. citizens are entitled to a job that can support basic needs.
    12 an hour is enough for a decent existence in a sh*t neighborhood, or roomate in a better neighborhood.
    of course 40 hours a week is wage slavery but that's what the fastlane is for.
    and if neither sound appealing, can always move to the third world i guess?
    The system ain't perfect, but 150 years ago there weren't even hospitals around, people need to keep things in perspective.
    The bachelor requirement is pretty funny though lmao!!!!
     
  18. LeoistheSun
    Offline

    LeoistheSun Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    416
    Likes Received:
    579
    Joined:
    Oct 3, 2017
    Gender:
    Male
    Location:
    Southern Cali
    Rep Bank:
    $2,653
    The things that got me my job when the requirement was a bachelors was:

    - Being sociable (I heard stories about the other candidates I was competing with. Most were highly introverted)
    - Sending handwritten thank you letters to everyone in the interview and even not (like the head boss)
    - Follow up calls 1x a week
    - Knowing someone who knew the IT guy doing the hiring

    Im pretty sure that a bachelors has nothing to do with it. Bachelors just signifies you go for what you want (more than people who dont have it), you've got good work ethic and some other qualities.
     
    Andy Black, Contrarian, ksc23 and 3 others like this.
  19. rc08234
    Offline

    rc08234 Bronze Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    297
    Likes Received:
    187
    Joined:
    Jun 29, 2011
    Location:
    South Jersey
    Rep Bank:
    $766
    Half the guys I bounce with have bachelors. We all kick the same amount of a$$, and we all get paid the same. I don't really think the guys a$$ we are kicking cares if one of us has a bacherlors or not?

    I called this 6 years ago when Obama wanted everyone to go to college. When everyone goes to college the new "G.E.D." is a bachelors. If the trend continues we will have PHDS flipping hamburgers.
     
    TheCj, ksc23 and ZF Lee like this.
  20. socaldude
    Offline

    socaldude Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

    Messages:
    1,166
    Likes Received:
    2,499
    Joined:
    Jan 10, 2012
    Gender:
    Male
    Location:
    Mexico
    Rep Bank:
    $9,671
    Part of the problem is our stupid government.

    Give an 18 year old who has no clue $100K in loans guaranteed by taxpayers cause he is supposedly being held back. Genius.

    Way to hold him even more back cause now he has $100k in useless debt and no job.

    If it was a free market, nobody would loan $100k to some kid to go to school and not even get a good paying job.

    Or our education system who is in denial wants everyone to think that college is the prime path to success. Insane.

    All of this denial reminds of how an alcoholic looks at you in the face and says "What are you talking about? I'm not an alcoholic. I can stop drinking whenever".

    This wouldn't happen in a purely capitalistic environment.

    If you walked up to private investor and asked for $100k to go to school he would say hell no. How is he gonna get his money back?

     
    Last edited: Nov 30, 2017
    SMH, Deceiver, Andy Black and 10 others like this.
  21. MJ DeMarco
    Online

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    26,470
    Likes Received:
    81,567
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $343,661
    Admin Post
    Excellent point. In a free market system, it wouldn't happen because risk, demand, and economics would come into play.

    But instead, we have millions of clueless kids signing their debt-to-death-warrant all because they're told to.
     
    SMH, visiomari, Deceiver and 7 others like this.
  22. MJ DeMarco
    Online

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    26,470
    Likes Received:
    81,567
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $343,661
    Admin Post
    I went to college so I can get an extra $2 more than minimum wage!?

    [​IMG]

    [GALLERY=media, 93]Con by MJ DeMarco posted Dec 1, 2017 at 12:34 AM[/GALLERY]
     
  23. inputchip
    Offline

    inputchip Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    208
    Likes Received:
    682
    Joined:
    Mar 26, 2017
    Gender:
    Male
    Location:
    Alberta, Canada
    Rep Bank:
    $4,951
    Just going to leave this here.
     
  24. CycleGuy
    Offline

    CycleGuy Bronze Contributor Speedway Pass

    Messages:
    123
    Likes Received:
    296
    Joined:
    Jan 16, 2015
    Gender:
    Male
    Location:
    Midwest
    Rep Bank:
    $1,700
    The swing is happening towards more middle class youth working towards skilled trade professions. Electricians, plumbers, carpenters, welders, HVAC etc

    I believe it's a great fit for a large portion of kids who were preached "go to college!" for their entire lives. Many types of trade positions are secure, pay a decent wage, and have room for growth. Especially considering if a fast lane minded person gets into a skilled trade position, then creates a large successful business from it.
     
    SquatchMan, Andy Black and Azure like this.
  25. Mr.Brandtastic
    Offline

    Mr.Brandtastic Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    117
    Likes Received:
    327
    Joined:
    Sep 27, 2017
    Gender:
    Male
    Location:
    Parents' House
    Rep Bank:
    $1,709
    As if a place that would be that annoyed at a phone call of you wanting to work, that they wouldn't hire you, would even remotely be a good job to work at.

    Yea because jobs were so great and meaningful under communism apparently.

    mythoughtsofmaxism.jpg

    I never understand people's eagerness to be a better wage slave. I want communism! So what? So you can be a better authoritarian bootlicker and jail those who engage in wrongthink? Wow. What a great revolutionary you are!
     
    SMH, Contrarian, ZF Lee and 5 others like this.

Share This Page