Cameron Herold argues that fair pay matters, but employees also need to live within their means. Baby boomers budgeted carefully and avoided unnecessary big purchases. Employers should encourage financial discipline alongside competitive wages.
But they almost need to teach all their employees to start living within their means, which is something that this generation has forgotten to do. But, you know, the Gen X, maybe not even so much Gen X, but certainly the baby boomers and above, they understood that. Like, they, they, they had money coming in, they budgeted, they lived within their means, they cut. They, they didn't have seven TVs in their house. They didn't have a, you know, an 80 inch flat screen because they wanted one. Like, they couldn't afford it, so they didn't buy it. And I think there was something really interesting about that, which was, yes, we have to pay people fairly, but people also need to ratchet back their extra.
Flutterwave Former Global Head of Operations Awa Kone | When Growth Outruns Operations (Podcast 611)
