Will moving people to daily wages solve financial stress?
&quot;The money problem&quot; is a human problem, and unfortunately, one that has been with us since our beginning.<p>We always think that if someone just gave us enough to pay our bills, our mortgages, and a little extra, we&#x27;d be happier. Even if we won the lottery and earned that $30 million after taxes, we&#x27;d be happy, but really, it does bring about more problems. We always want more and are never satisfied. We want and want and want!<p>When we have more money, we are likely to spend more money. When we don&#x27;t have a lot, we make due with what we have, yet we still spend it, usually paying our bills and our rent, and just trying to figure out how to come up with a little bit more.<p>The true fact is: elementary school, middle school, and high school teach people nothing about finances, and unfortunately, the majority of people get into debt and make their mistakes and figure it out, and some never actually do figure it out, and remain there for life.<p>I&#x27;m from the generation where I made $5.05 an hour at my first job. Can you imagine telling someone they are going to make that an hour? That is crazy. Unfortunately since then, greed has skyrockets, with very little change in minimum wage. I know it is now $7 in most places and $8-$9 in many more.. $8-$9 was a lot of money when I was 18! Luckily now I&#x27;m a developer.. making no where what I want to be making, but I&#x27;m making more than I&#x27;d thought I&#x27;d ever be making in my life.<p>There is no way to solve the money problem until people are actually educated. The fact is... housing prices are insane. Why is that a house in 1975 was $35k yet in 2017 it is $200k. Inflation? Sure, lets call it that... who controls that? The more money printed, the less value it has? Who makes up these rules? Economists? Because as far as I can see.. economists would have solved the issue by now.. but there is far more to it than that.<p>The problem of the world is two factors: Greed and instant gratification.<p>Credit Card company and banks: &quot;Hey you want this now? We&#x27;ll lend you money. You want to go to school but can&#x27;t afford it because the price is too much? You want that house? We got you! Here&#x27;s money you don&#x27;t have! We&#x27;ll give you all the money you want as long as you pay it back with interest!&quot;<p>Most people (Americans): Hell yeah, lets do this!<p>I&#x27;m in my 30s... I can&#x27;t help but realize: After I turned 18 and decided to go to college, I&#x27;ve owed some company somewhere money. After I paid off my student loans... I was lucky enough to understand credit card debt and never had any... but then I took on a mortgage.. now I&#x27;ll be paying that back for who knows how long.. the 30 years they give me in which they make over $100k in interest if I don&#x27;t make more than just the minimum payments?<p>If you think about it... the majority of our lives... is just spent paying someone back. Why is life designed like this? Because someone somewhere continues to make money and is happy about it.. &quot;someone&quot; is usually not just one person, but a great many people.