In August a series of polls were conducted with my followers on Twitter focusing on the job market.
What did they reveal? Let’s dive in.
What Is More Valuable, Time or Money?
In two polls conducted at the same time on Twitter in mid August 2022, we see that in general people improperly value money as being more valuable than time.
How so? In the set of surveys, conducted with more or less the same audience, we see that $500 is viewed as more valuable than 50 hours.
Would you be willing to spend $500 to acquire new skills that would increase your income 10% or more as an employee?
Pls RT for outreach!
— Alexandre Lores 🇺🇸🇨🇦🇨🇺 (@alexandre_lores) August 14, 2022
While the sample size was not huge the results are fascinating. 81% responded yes to using 50 hours to gain a new skill that would increase income by 10%, but only 66% would spend $500 to do the same.
Would you be willing to spend 50 hours to learn new skills that would increase your income 10% or more as an employee?
Pls RT for outreach!
— Alexandre Lores 🇺🇸🇨🇦🇨🇺 (@alexandre_lores) August 14, 2022
Yes. this was a test done on purpose. Of course respondents were not presented the polls at the same time, so they could not do the math.
If you do the math and that means that time invested into income-building skills is valued at less than $10 an hour. Most jobs pay far more than $10 an hour, even in the lowest paying jobs in retail and the fast food industry.
What are you Worth?
If you are or hypothetically would be job searching, what would you consider a good paying job for your skillset?
— Alexandre Lores 🇺🇸🇨🇦🇨🇺 (@alexandre_lores) August 21, 2022
In this poll, with a larger sample size, the respondents’ most popular answer was to consider that they are worth $30–$75 per hour, with a full 71.3% choosing the highest two income options.
A whopping 89% do not consider that they are worth less than $30 per hour, which is a contrary set of answers to the set above.
While this is a small sample size, this would seem to support the contemporary sentiment of small business owners who are frustrated that they can’t hire workers.
Health Is Wealth
Where does it hurt the most?
— Alexandre Lores 🇺🇸🇨🇦🇨🇺 (@alexandre_lores) August 28, 2022
Meanwhile in the next Twitter poll, health was chosen over wealth as the biggest pain point by over 14%.
Maybe health is the real wealth after all.
What About Congress’ Paychecks?
Would you support a law that would cap US elected officials’ salaries with the US Median income?
In other words, they could only get a raise if the average US 🇺🇸 worker did?
— Alexandre Lores 🇺🇸🇨🇦🇨🇺 (@alexandre_lores) August 27, 2022
In another twist, I proposed the concept of tethering the pay of Congressmen and Congresswomen to the US Median income, which was just over $31,000 in 2019.
Not surprisingly, the respondents overwhelmingly supported pay cuts for Congress.
Sample Size
Per Statista, there are over 237 million monthly active users on Twitter.
My audience consists of around 18,300 followers, mostly from English-speaking areas, as you can see here:
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This content is for educational purposes only. It does not constitute trading advice. Past performance does not indicate future results. Do not invest more than you can afford to lose. The author of this article may hold assets mentioned in the piece.
