Hey Reader,
Right now we feel the pressure. Many economies seem to struggle. There are many news reports about prices going up.
A friend of mine said the math for January: Over the last five years, prices have risen by 30–60%. Even for singles—more for families with kids.
Yet the economy is still feeling the pressure.
The big danger is still ahead. Because in Germany there are a lot of people asking for a raise. They want to earn more. I fully understand this.
People speak up to raise the minimum wage. This is true. And people are afraid to not afford to live anymore. To not be able to afford to pay rent.
But—there is a flaw in the system.
A raise of your salary by 10% is ruining the expenses for the business by about 20%. These 20% must either be saved from somewhere (and push people to work like they did 10 years ago), or they need to raise product/service prices.
This means that the 30–60% price increase of the last years will keep going up— which the 10% salary increase will never be able to catch up with.
The only solution I found to all of this: is to skill up. You need to get better, get faster, and solve bigger problems.
The best way to keep the worst of the years at bay is to start a business.
Yes, a business is also uncertain. But in times like this, a business allows you to grow your income exponentially— where a job will always struggle to get a big raise.
Because the business you’re hired by needs to still make a profit and they still need to be able to keep prices acceptable by the market.
That’s why I started my business 8 years ago. Just as the best way to escape the system. Now what I do is my salary. I need to do what helps my people better.
Keep chopping Wood!
Your Jowi
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