[mfDjB]

Thanks for posting this. I always found it odd that the transition from labour to capital seemed to be so hard, even with mid-figure 6 income TC's it always seemed like you can't quite escape the rat race, you can definitely live more comfortably, or maybe as comfortably as you can as one of the rats in the race but never escape. Of course with very disciplined saving and LCOL arbitrage you stand a chance, however it seems like these methods are being purged with COL adjustments, inflation purging cash savings, markets tanking 401k's. Just when you think you are out they pull you back in. I often wondered whether this was by design, because it seems a bit too convenient for labour pools, or whether its a feature of the economic system we operate in.

[hagbarth]

Seems to me that it’s central to the economic system we live in. If advancing from labour class to capital class was not very very hard, there would be far fewer workers, which is untenable in our society.

[closeparen]

Labor demand was sluggish for a decade after 2008, it’s only now that the economy wants a lot of workers.