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re: 51% of 30 year olds make more than their parents did at 30;down from 92% in 1970
Posted on 12/9/16 at 7:43 am to SECdragonmaster
Posted on 12/9/16 at 7:43 am to SECdragonmaster
Considering my dad had to work 7 on 7 off for Freeport in the Gulf,he made bank but worked 90789070790790 times harder than I have too from my office and lab environment. I also now make more than him. BS in Elec Eng.
Before I went to college I was in this shite warehouse job where they paid you just enough to not leave. I thought to myself frick this shite im going to bet on ME! The rest is history :) .
Before I went to college I was in this shite warehouse job where they paid you just enough to not leave. I thought to myself frick this shite im going to bet on ME! The rest is history :) .
0
Posted on 12/9/16 at 7:44 am to GetCocky11
Make Millenials Great Again
Posted on 12/9/16 at 7:47 am to LSUBoo
quote:
shite, 30 is just getting into the work force for some people these days, after an extended undergrad and then the obligatory Master's degree.
Cant tell you how many positions are out there for an entry level position, but must have 4-6 years of related experience.
Posted on 12/9/16 at 7:55 am to OTIS2
quote:
OTIS2
Sees a 60 year trend. Blames it on the person who has been president for the last 8 years.
Posted on 12/9/16 at 7:59 am to KG6
quote:
Is the middle class shrinking?
Yes.
quote:
You have to have concentrated wealth to have large scale investments in the private sector.
No. You don't. Just an incredibly silly lie that you have bought into to justify crony capitalism and corruption in the government.
Posted on 12/9/16 at 8:01 am to GetCocky11
Thanks Obama!! 
Posted on 12/9/16 at 8:06 am to GetCocky11
I'm no economist, but aren't we to expect a pretty big dip based on the time frames chosen? Thirty years before 1970 was WWII, which itself was immediately preceded by a decade long Great Depression. The US economy exploded right after that. Obviously at some point every generation can't have it better than the one that came before it, but the time frame chosen seems to fall in the perfect spot to make the biggest splash headline.
Posted on 12/9/16 at 8:09 am to Peazey
quote:
No. You don't. Just an incredibly silly lie that you have bought into to justify crony capitalism and corruption in the government.
Okay then, how do you gain enough capital investment to build a skyscraper, who has enough pocket change to start up a cargo ship, who can take a startup company and build a billion dollar oil rig for a Deepwater project that eventually employs thousands? A guy with 500k net worth and an 80k salary isn't going to be able to do that. shite, a guy with 5 million net worth and a 250k job can't do any of that. And that guy is part of the big bad 1 percent. It takes someone having a lot of concentrated capital to do those things. Otherwise, every major project would have to be started by 200 individual investors. And I understand that's kind of how the stock market works, but you don't just start off with a billion dollar valuation on Wall Street the first day your company exists. It takes millionaires.
Posted on 12/9/16 at 8:12 am to GetCocky11
The four states where the suicide rates are the highest: Washington State, Alaska, Nevada, and Michigan all at the top.
We are the government and we are here to help you has only exacerbated this costs for businesses large and small which in turn has led to higher costs across the board for everything. Hey but the DOW keeps climbing
We are the government and we are here to help you has only exacerbated this costs for businesses large and small which in turn has led to higher costs across the board for everything. Hey but the DOW keeps climbing
Posted on 12/9/16 at 8:13 am to EveryonesACoach
quote:
I'm no economist, but aren't we to expect a pretty big dip based on the time frames chosen? Thirty years before 1970 was WWII, which itself was immediately preceded by a decade long Great Depression. The US economy exploded right after that. Obviously at some point every generation can't have it better than the one that came before it, but the time frame chosen seems to fall in the perfect spot to make the biggest splash headline.
Posted on 12/9/16 at 8:16 am to stewie
quote:
The market seems to be demanding that, no?
The market demands it because there are so many people with college degrees now. If a company is looking for a secretary, Why hire someone straight out of high school for $25k/yr when you can hire someone with a liberal arts or generic business degree for the same price? At least with the latter, you know that they had their shite together well enough for 4 years to graduate. Get fewer people going to college and you'll see employer demands return to normalcy.
The experience requirements for a lot of jobs is frustrating. A lot of people will be stuck working for fairly cheap for a year or two to get that experience, but that's not the end of the world.
This post was edited on 12/9/16 at 8:20 am
Posted on 12/9/16 at 8:17 am to GetCocky11
This is the result of shortage of skilled labor jobs being available in manufacturing and such. We have been pushing our economy towards being completely based on office professional and technology positions. Not everyone is suited for that. But democrats think everyone must be like them, and that's the only way. They think everyone should be gender neutral pajama boy sipping hot chocolate. They have geared the economy to deny opportunities to anyone else and shipped those jobs to Mexico, etc.
It's bullshite and it needs to end.
It's bullshite and it needs to end.
Posted on 12/9/16 at 8:28 am to Pax Regis
MAGA!
Posted on 12/9/16 at 8:32 am to Pax Regis
quote:
This is the result of shortage of skilled labor jobs being available in manufacturing and such
I sort of agree with this. It's is becoming more rare that you work for 5 or so years in a manual low level job, then move into the office and work your way up to management. All my managers when I started had field or shop experience. Now it's guys who started in the office with college degrees who make the jump to manager. The shop guys have a much harder time grabbing that entry level desk job. So they stay in the shittier position. It's certainly not a perfect process. Nothing against the college grads or shop people. Both have a lot to offer. It just cuts off upward mobility for many.
Posted on 12/9/16 at 8:34 am to GetCocky11
Kind of a result of that depression dealy thing wouldn't you think? Or are my dates off?
Posted on 12/9/16 at 8:36 am to stewie
quote:
The wealth disparity (when compared to the 70's) leaves more people in the upper class and most in the lower class with few in the middle.
Define upper, middle, and lower class. Without a firm definition of these 'tiers' this conversation is pointless.
Posted on 12/9/16 at 8:44 am to GetCocky11
What a misleading statistic. A 30 year old in 1970 was born in 1940, presumably around the time their parents were approaching the age of 30. The country was coming out of the Great Depression.
Posted on 12/9/16 at 8:44 am to stewie
quote:
The wealth disparity (when compared to the 70's) leaves more people in the upper class and most in the lower class with few in the middle.
We should be less concerned that this is happening and more concerned as to why its happening.
America's middle class between 1945-1970 was anchored by mid-skill, industrial jobs. We have chased those jobs overseas. The only way to reverse this course is to get those jobs back.
Posted on 12/9/16 at 8:44 am to Epic Cajun
For a family of 4 with a dual parent income situation, probably like below. Although the number of parents working shouldn't matter, I just don't see two people working and making 150k each as upper class, nor do I see 1 person making 30k as lower class. But if both struggle to make 30k feeding 4, then it's bordering lower class.
Upper class: 350k plus household income
Upper middle class:200k to 350k household income
Middle class:60k to 200k household income
Lower middle class: 30-60k household income
Lower class: 30k and below
Upper class: 350k plus household income
Upper middle class:200k to 350k household income
Middle class:60k to 200k household income
Lower middle class: 30-60k household income
Lower class: 30k and below
Posted on 12/9/16 at 8:46 am to KG6
Your numbers are useless without taking cost of living into consideration. Also is that gross income or w2/taxable wages?
This post was edited on 12/9/16 at 8:48 am
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