re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks

quote:

---

It was “easier” to a point in years past since you had more options for employment with just a HS diploma (manufacturing jobs vs service jobs of today) but we are saying this with the benefit of hindsight. There are still opportunities today but we have an overabundance of information and it’s tough to separate the wheat from the chaff.

---

Those are not small things. My dad went to LSUA for 2 years because he couldn’t afford LSU for 4 years, which was already absurdly cheap by today’s standards (inflation adjusted, too). He’s gainfully employed now.

If he couldn’t afford LSU in the 70s, what do you think he would do today? Colleges are literally 50 times more expensive, inflation has outpaced wages and houses have skyrocketed. On top of that, college degrees don’t mean anywhere near what they meant back then.

I also don’t see what hindsight has to do with it. I’m not necessarily saying the boomers did it intentionally, at least at first. I am saying that boomers who think there’s a comparison between their generation and ours are total retards.

I’m all about calling out lazy, entitled Gen Z and millennials. I’m all about ending worthless degrees. In fact I’m against college entirely except for a handful of occupations.

But we are faced with absurdly different environments now. Is there opportunity? Sure. But not like it was. Kind of like being a musician in New Orleans today. You can still technically do it, but nothing like it was in the 20s.