I am working in manufacturing from 12 years in Australia and now I’m getting paid 70k(I started with 30$/hr). Same with all my colleagues. Businesses are making most of their stuff in China. So companies like us need to be competitive to stay in business.
If my wife works, my family income will be at least 120-140k. If that isn’t enough for a family, I don’t think even 250k will be enough. As a wise man once said “There is everything in this world for everyone’s need, but there is not enough for one man’s greed”.
Until recently I managed my family with my single income with 2 kids and a mortgage and just recently my wife started working. There is family income offset and rental offset you get from Centrelink if you have less than 100k income.
If everyone pay increases, everyone start to spend more and prices increases. And it’s a lose lose situation for everyone because of high inflation.
Why can’t we just spend on bare necessities and buy what we need rather than what we want. Personally I don’t want or need any material things. Those doesn’t give me happiness. But if you start comparing with neighbours or colleagues then you want everything money can buy.
We are living in a lucky place. If you are not happy here, I don’t know where you can?
What do you think?
Are people running a rat race and that is the reason for present situation where nothing makes you happy because there will be a expensive stuff you can buy.
Should people focus on living happily rather than spending their fortune on material things?