Are Working Women Choosing the Wrong Guys?


Traditionally women sought out guys to marry who showed that they could earn money and provide for a comfortable lifestyle.  Looks and personality were also factors, and certainly some women married guys with few prospects to provide an income out of love, but the ability to earn a living was always important. At one point in history this was probably the guy who could hunt and build a cabin, or who had land and could raise crops and animals, but with time it morphed into the guy who could earn a six-figure salary.  The guy with the nice car, nice clothes, and nice watch was the one who got the girl.  Guys would buy the meals and pay for everything on dates, give gifts, and even give an expensive diamond ring when proposing in part as a way to show the ability to provide.

For many guys, attractiveness, both physical and inner beauty, were important factors when looking for a wife.  Finding someone who was fun to talk to and nice to be around, and someone who was caring and nurturing, could also be important factors.  Few guys really cared about a woman’s ability to pay for things because they had always assumed that they would be earning money for the family.  Many guys might even feel intimidated if a woman earned more than them and was the primary breadwinner, and therefore not even seriously consider a woman who was more successful.  Likewise, many women would not respect a man who earned less than them.

Gender roles are all changing, however, with many women are choosing to primarily focus on a career.  Women are moving into top roles at companies and gaining parity with men in many fields.  There are even more women attending college then men in the US, so it only makes sense that many women are moving into the position of primary breadwinner.

Given this shift, one would expect more men to be taking the role of caring for and training the children, along with managing the household since it would make more sense for the wife to work.  Given this trend, you would therefore expect women to start seeking men who would be better at raising children.   You would expect them to be looking for men with qualities such as patience, concern, devotion, communication, an ability for multi-tasking, and selflessness instead of seeking the type-A personality with little patience who is quick to anger.

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And yet it seems as though men’s role has rarely changed, so we have ended up with scenarios in which both parents work and where both are heavily focused on their careers.  This can result in some high household incomes, leading to the generation of lots of tax revenue, but it leaves the children being raised by others or by themselves.  It is as if both parents have decided to leave the cave and hunt because the hunt has become such a focus that both parents have forgotten why they were hunting in the first place.  Society has suffered as the internet and television has raised the last generation of children and imparted its morals upon them, the morals of Harvey Weinstein and individuals in the darkest corners of the world.

Maybe it is time for career-minded women to seek out men who can better fulfill the role of primary caregiver and mentor for their children instead of choosing men based on their ability to provide.  A woman who can ear a six-figure income doesn’t need a man who can do so as well.  Most people who really crunch the numbers will find that a family will actually come out better on one income with a spouse spending time doing things like preparing meals at home and taking care of the children than they will with two incomes.  In addition, time spent in childcare for one’s own children is tax-free, where extra income made at work is taxed at the highest rates.

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Our children really need to become more of the focus.  Why wouldn’t we want to spend time training our children to be good, self-sufficient citizens that share our values and make the world better rather than creating the next report or presentation that will just be forgotten in a week?  Children are our greatest legacy and will make far more of an impact that anything most of us will do in the office.  Why would we be satisfied to pay a stranger minimum wage to simply watch our children rather than to make sure our children are educated, motivated, and cared-for?

So what do you think?  If you are a woman who is focused on your career, would you marry a guy because he would be a good parent instead of finding someone who would be a good provider?  If you are a guy, would you be satisfied raising your family instead of going into work each day, and would you feel important doing so?

Got and investing question? Please send it to vtsioriginal@yahoo.com or leave in a comment.

Follow on Twitter to get news about new articles. @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice. It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.

What do you think?  Please leave a comment?

Contact me at vtsioriginal@yahoo.com

Follow on Twitter to get news about new articles. @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice. It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.

An Update on The Kiosks are Here!


About a year ago I wrote the post below after seeing an ordering kiosk in a McDonalds down in Alabama.  I was in our Hardees last night, and they now also have kiosks in addition to a single person taking orders.  It looks like order takers will be replaced by kiosks and smart phone apps very soon.  The way to fight back is to give great customer service, making the restaurant make more per hour than your salary by your being there instead of a cold, humanless machine.

McKiosk?

McKiosk?

I was reading a stat this weekend that one in three working people were in a union in 1970 but only one in ten are now.  The author of the editorial used this to explain why wages have stagnated, but I took a different meaning.  Given that once a company is unionized it is virtually impossible to de-unionize it, this statistic means that we saw a lot of union jobs go away, forever.  A drive through Detroit (with your windows rolled up and at top speed, not stopping at the lights) would also show the effect of trying to force companies to pay a worker more than what the value of what he was doing was worth.  This, combined with absurd work rules (in some union car plants, you needed to continue to pay workers who sat and read the paper in a room in the plant if you didn’t have enough work for them), has chased a lot of companies out of the country or just out of business.

Now the same folks who brought us the unions and ran great American cities into the ground have their sites set on minimum wage workers.  With demands of $15 per hour wages, organizers are convincing some  misguided fast food workers (many workers wisely don’t participate because they can do the math) to protest at their place of business.  Note that the average McDonald’s worker produces about $13.50 in value for his/her company, so the company would be losing $1.50 per worker per hour if they paid $15 per hour.  Multiply that by thousands of workers, and you would see millions of dollars in losses each year.  No company could withstand that.

The solution for companies faced with rising labor costs who can’t just move out of the country as did the factories is to cut the number of workers.  Enter the ordering kiosk.  The picture above shows kiosks I found at a McDonald’s in Florida last week.  There were six kiosks setup and they were getting a lot of use by the customers without many complaints.  I went ahead and ordered at the counter (I like to support the workers, plus I would rather have a person help me with my order than go to a machine), but a lot of others chose the kiosks.  Smart phone apps are also being rolled out.  Raise costs enough and you’ll just have a cooked burger appear on a conveyor belt and you would add the toppings yourself.  The restaurant would just need to employ a couple of people to load the burgers into the hopper.  They could eliminate the need to clean by just making it a drive-thru with no table service.

People with three kids and a home should not be in these jobs.  These are jobs for teenagers and young liberal arts majors to take as a first job to learn the skills needed to get the next job and move up the ladder.  If you take these jobs away by raising the minimum wage or by protesting until McDonald’s and other employers relent, you’ll be cutting off this critical pathway to a better life that a lot of people need.  You can’t get a job without experience, and without minimum wage jobs, you can’t get experience.

So if you’re a fast food worker and want to keep your job, what can you do?  Be the best worker that ever existed.  Show up ten minutes early.  Leave your cell phone in the car and concentrate on doing your job to the best of your abilities.  Smile at the customers.  Help them with their orders.  Make suggestions for them to save a few cents by bundling items.  Provide value for your employer so that they have more business because of you.  Make customers visit your store to see you, rather than go to the place across the street with the kiosks.  In short, act like you work at Chick FilA.  Plus, don’t demand to be paid more than you create.

Got and investing question? Please send it to vtsioriginal@yahoo.com or leave in a comment.

Follow on Twitter to get news about new articles. @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice. It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.

What do you think?  Please leave a comment?

Contact me at vtsioriginal@yahoo.com

Follow on Twitter to get news about new articles. @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice. It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.

How to Fund Everything without Filling Out Tax Forms


A while back, probably right after I’d finished filling out my income tax forms for 2010, I made a post about a tax idea called the Fair Tax.  The beauty of the Fair Tax is that it would eliminate all of the hassles involved in paying taxes.  Income taxes, Social Security, and other Federal taxes would be replaced by a single sales tax on goods and services when purchased (a national sales tax).  Because taxes would be figured out and charged automatically when you purchased something, you would no longer need to keep track of expenses, have tax-deferred accounts, set up medical savings accounts, 401ks, IRAs, etc… and go through other hassles.

You would simply receive your whole paycheck each month and then spend or save as you choose.  One benefit beyond the simplification of tax compliance is that saving would be rewarded while spending would be penalized.  The current system encourages spending and borrowing, through tax breaks for things like business expenses and the mortgage deduction, and penalizes earning.  This means that under the current system there is a disincentive to grow businesses or work harder because more of your income is taken the more you earn.

The Fair Tax is prevented from being regressive, or level in any case, through the use of a prebate.  In the prebate, a certain amount is refunded to each person each year at the beginning of the year.  For example, if the sales tax is 10%, and $3000 were prefunded to everyone each year, then no one earning less than $30,000 would pay any taxes that year ($30,000*10% = $3000), even if they spent their entire paycheck on taxable goods and services.

One issue with implementing the Fair Tax is the radical change to the tax system.  We have spent so many years having taxes taken from our paychecks and doing things to reduce income taxes that it would be a big shock to the system to see it changed overnight.  Imagine the shock of going to buy a new car and seeing a 20% tax added to the top of it!  Never mind that you have 20% more cash in you pockets – you still see that big tax on the car.  You were paying that big tax before, but it was taken in small increments so you did not see it all at once.  There is a way, however, to implement the tax in a way that will be a smaller shock on the system.

(Never read The Millionaire Next Door?  It is a must for anyone wanting to actually become a millionaire.)

Currently about 50% of people pay no income tax at all.  In fact, many get cash given to them by the tax system since they receive a refund through the Earned Income Tax Credit.  This means that implementing the Fair Tax to replace the tax payments of the lower 50% of earners would not require a large sales tax since the amount of revenue collected from them is mainly Social Security and Medicare, which aren’t large amounts of money.  Also, implementing the Fair Tax would enable taxes to be collected from those who currently don’t pay taxes – those who get paid under the table and/or have illegal sources of income (drug sales, prostitution, illegal labor) – since they would also be charged the sales tax when they spent the ill-gotten money.

If the Fair Tax were implemented only on people making $60,000 per year or less say, it would only be necessary to have a sales tax of about 5% or less.  This means that everyone would see a prefund each year of $2000 (5% x $40,000) and see their sales taxes increase by about 5%, assuming that it is desirable to continue to see 50% of the people pay no income taxes.

After a few years of seeing those at the low-income levels not need to file taxes and also seeing how the system worked, those in the middle and upper-middle classes would probably want to join the system.  The threshold for the Fair tax could be then be ratcheted upwards as political winds allowed.  The prefund would need to be ratcheted upwards as well since the level of the sales tax would need to increase as the income level of the Fair Tax threshold increased.  This is because in order to generate the same level of revenues the sales tax percentage would need to increase since those at the higher income levels are paying a larger portion of the taxes.  If the Fair Tax were ever to fully replace the income tax, including for those in the top 1% of earners, the rate would be about 23%.  It is thought, however, that the drop in the expenses paid by businesses for tax compliance and tax avoidance would allow them to charge less for the goods and services; therefore, the actual price of the goods might stay about the same.

If you like this idea, please tell a friend – let’s get rid of the IRS!

Follow me on Twitter to get news about new articles and find out what I’m investing in. @SmallIvy_SI

Disclaimer: This blog is not meant to give financial planning or tax advice.  It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA.  All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.