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by lotsofpulp 2231 days ago
While being poor may not lead to an unhappy life, having high income volatility will.

And in the US, low income and high income volatility go hand in hand. You can have your hours reduced or shifted at any time, your industry can get outsourced or automated, you may be deemed to be too old or expensive.

No one is happy with volatility, and no one today should expect to go to work and punch in and out for 30 years, especially if you’re on the lower end of the pay scale. You should be looking out for better opportunities all the time, lest your cash flow suddenly stops.