Readit NewsDead Comment
It’s easier to make a move when you have nothing to lose, or have a fallback option in your home country.
The immigrant ones had stories like "I own 3 of these cars, so 2 guys drive for me, and my daughter is in nursing school" or my favorite "I just got hired in Columbia University as a janitor so I can get my MBA there for free". While the Americans were just kinda resigned to driving the Uber.
Immigrants are self selecting - we are people who chose to make moves, get off our asses to make something of ourselves .so of course the idea of accreting valuable skills and assets is going to resonate with us.
While people like me who came from 3rd world country that immigrated to US and first world countries can relate with posts like these.
Edit: and I do it while working at one of the tech giants. Paycheck goes to crypto.
Dead Comment
You accumulate wealth out of what you can set aside out of the flow.
Some of us immigrants do not come to this country with an existing stock of wealth either back home or here. We are also not in the favored group of immigrants. We have human capital which we are trying to convert to financial capital for the next generation.
Then, when we sort of "make it" here, people who have family homes worth close to million and up (you can draw on that home equity, you know), people who know people (either family or others) who can "help" them with down-payments etc label us rich based on the flow we are receiving right now. These people tend to themselves make in the $150K range, in my experience and do not realize that the wealth they have was already accumulated in the less punitive environment of the 80s and the 90s.
I do not begrudge anyone for what they have. But I do find people who got a "hand-me down" apartment in Manhattan after growing up in a nice house in Westchester lecturing me about "the rich" and "the poor".
Except that my ability to make it in today's corporate environment depends on their political sensibilities.