The yearly income required is substantial, almost everywhere, and quite absurd in a few others. What you have to keep in mind here, however, and despite whatever fluctuations may occur, is that maintaining a substantial yearly income will be ever more assaulted by the vagaries of increasing hypercompetition, and a host of interacting global uncertainties.
What does that mean?
In a nutshell it ensures that retraining requirements will increase. You will be expected to retrain in an environment where the training costs are sure to increase, even as what you may be able to retrain to won't ensure a comparable follow on wage. Any more than where you will have to go in order to make use of that new skill, and what that housing market (purchasing or renting) may require in order to be housed as you were previously. And this will be guaranteed to be so because greater uncertainty in the world will make further investments so problematic that what is continued to be done here, commercially (other than certain core services), will become quite unpredictable; especially as to what would allow for substantial yearly incomes.
Sep 12 2016, 3:31 PM
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