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Millennials Work Harder for the Same Pay Their Parents Did

Posted on 3/7/16 at 1:24 pm
Posted by LoveThatMoney
Who knows where?
Member since Jan 2008
12268 posts
Posted on 3/7/16 at 1:24 pm
You're Making the Same Money Your Parents Did... But You're Probably Working Harder


quote:

According to a new report from the Center for American Progress (CAP), median compensation (wages plus the value of employer benefits) for a 30-year-old in 2014 was below that of a 30-year-old 10 years earlier. Instead, 30-year-olds today make around the same amount of money as 30-year-olds in 1984 — $19.30 an hour.

That compensation's been adjusted for inflation. Still, get ready for the kickers — the wage equivalency, the report notes, exists  despite the fact that today's 30-year-olds are 50% more likely to have finished college. They also work in an economy that is 70% more productive. Translation: there's a good chance you're being asked to do more at work than Mom and Dad were.





frick off, old people.
Posted by purpleleaf
Member since Aug 2011
4004 posts
Posted on 3/7/16 at 1:25 pm to
frick off millennial. No way this young generation works hard...hell they hardly work.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83922 posts
Posted on 3/7/16 at 1:25 pm to
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 3/7/16 at 1:25 pm to
Insert meme with that guy from the 70's.
Posted by Bunk Moreland
Member since Dec 2010
52799 posts
Posted on 3/7/16 at 1:26 pm to
The poli board is going hot and heavy today over a similar article.
The 30-year economic betrayal dragging down Generation Y's income.
This post was edited on 3/7/16 at 1:28 pm
Posted by lsu31always
Team 31™
Member since Jan 2008
107728 posts
Posted on 3/7/16 at 1:26 pm to
First page
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83922 posts
Posted on 3/7/16 at 1:27 pm to
Posted by Bunk Moreland
Member since Dec 2010
52799 posts
Posted on 3/7/16 at 1:27 pm to
Old Economy Steve is the best.

Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83922 posts
Posted on 3/7/16 at 1:28 pm to
Posted by SG_Geaux
1 Post
Member since Aug 2004
77912 posts
Posted on 3/7/16 at 1:29 pm to
I make more money than my dad ever made, and he damn sure worked harder than I have to work.
Posted by Artie Rome
Hwy 1
Member since Jul 2014
8757 posts
Posted on 3/7/16 at 1:30 pm to
quote:

frick off millennial. No way this young generation works hard...hell they hardly work.


Because your dad was in a factory 18 hours a day? GTFO. I totally believe this.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
141386 posts
Posted on 3/7/16 at 1:30 pm to
And I thought the Baby Boomers whined
Posted by Paddyshack
Land of the Free
Member since Sep 2015
8170 posts
Posted on 3/7/16 at 1:30 pm to
I have never understood the sweeping generalization against millennials.

1. Most millennials I know cannot stand the stereotypical millennials anymore than you can. They give everyone in my generation a bad wrap.
2. Millennials catch a lot of flak especially around election time, but like I had to remind someone the other day, most "millennials" could not vote the first time Obama was elected.
3. Who the frick raised us bunch of fricked up, no-working retards? That's right I'm looking at you people between 35-55 years old.
Posted by Hangover Haven
Metry
Member since Oct 2013
26379 posts
Posted on 3/7/16 at 1:32 pm to
Posted by Phat Phil
Krispy Kreme
Member since May 2010
7371 posts
Posted on 3/7/16 at 1:32 pm to
Younger people just need to work harder and stop complaining.
Posted by High C
viewing the fall....
Member since Nov 2012
53660 posts
Posted on 3/7/16 at 1:32 pm to
quote:

They also work in an economy that is 70% more productive


I wonder if technology has anything to do with that, and the economy is actually more productive, but requires less work to make it so.

frick off millennial.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
420796 posts
Posted on 3/7/16 at 1:32 pm to
30 Year Economic Betryal Dragging Down Gen Y

quote:

A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.

A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies.

Where 30 years ago young adults used to earn more than national averages, now in many countries they have slumped to earning as much as 20% below their average compatriot. Pensioners by comparison have seen income soar.


being discussed on the poli board right now
Posted by BayouBengals03
lsu14always
Member since Nov 2007
99999 posts
Posted on 3/7/16 at 1:33 pm to
Duh.
Posted by purpleleaf
Member since Aug 2011
4004 posts
Posted on 3/7/16 at 1:33 pm to
quote:

Because your dad was in a factory 18 hours a day? GTFO. I totally believe this.


No he was in construction and typically worked 40-50 hours a week. Sometimes 60 if they were rained out the week before. Millennials today want a $80K starting pay job with no experience. They can suck a dick.
Posted by junkfunky
Member since Jan 2011
33839 posts
Posted on 3/7/16 at 1:34 pm to
Leaky vag
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