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re: Is Gen Z etc totally out of touch about salaries?

Posted on 5/22/22 at 1:22 pm to
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
63416 posts
Posted on 5/22/22 at 1:22 pm to
Lay it out in terms of total compensation, not just dollars-per-hour.
Posted by Korkstand
Member since Nov 2003
29105 posts
Posted on 5/22/22 at 1:23 pm to
quote:

It is funny that benefits don't matter when you are young and important when you get older.
It's more that benefits only matter if your monthly cash flow is in the black.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
75371 posts
Posted on 5/22/22 at 1:23 pm to
quote:

Or better yet, automate.


I'm pretty sure I know OP's company and location. They absolutely are automating their warehouses across North America. If it's going to cost $25 an hour to pick merchandise on a forklift, then it's worthy buying a robot to do it.
Posted by Napoleon
Kenna
Member since Dec 2007
74249 posts
Posted on 5/22/22 at 1:25 pm to
That's why I chose the totally unlicensed discipline of appliance repair. Pay inline with plumber or even electrician.
No licenses really needed. I hold an EPA license but no one has ever asked for it.

Though also in 11 years only one person has ever asked to see my insurance certificate.

Posted by Jsand43
Member since May 2021
882 posts
Posted on 5/22/22 at 1:26 pm to
I dabble in appliance repair, but these new smart appliances are not easy to work on unless you have the computer equipment to do so.
Posted by Texastiger43
Houston
Member since Oct 2015
557 posts
Posted on 5/22/22 at 1:27 pm to
When you make that little money you are not concerned with retirement. You are just looking to pay the rent. Double that salary and you can start saying people are dumb for leaving benefits on the table for a few more dollars. Someone making that low money is looking at working the rest of their life and not retiring anytime soon.
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 5/22/22 at 1:27 pm to
Wages REALLY aren't keeping up with inflation. Im in an fb group where people compare contracts and offers. Its been stagnant at 100 lowball and 140k high end for like a decade now. But that doesn't go nearly as far as it used to, and 75% of the offers are terrible given the work that has to be done.
Posted by LSUintheNW
At your mom’s house
Member since Aug 2009
36972 posts
Posted on 5/22/22 at 1:30 pm to
quote:

Are these people retarded?


They/them is retarded.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299657 posts
Posted on 5/22/22 at 1:30 pm to
quote:


You can continue to be hard headed and wrong all day if you would like


It says a hell of a lot about character when a "man" is presented with viable solutions and cries about it because he just wants the problem to complain about. Everyone knows housing is expensive in many cities, everyone is dealing with it chief.

Millions of young people succeed every day, but you...all you see is the problem which you are incapable of rationalizing.

Do what people have done forever

Move where housing is cheap
Get a skill
Get an education
Buy a mobile home for a while
Do manual labor

Lots and lots of solutions, but you be you. If you cannot find a way to succeed, its on you.


This post was edited on 5/22/22 at 1:31 pm
Posted by RockinDood
Member since Aug 2020
1107 posts
Posted on 5/22/22 at 1:31 pm to
quote:

Hell the turnover now probably Hoovers around 25% a year and that includes salary and hourly.


That sucks.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
72130 posts
Posted on 5/22/22 at 1:32 pm to
quote:

another flawed viewpoint from these young dumbasses, at the beginning of your career you can't afford not to do those things, you start that discipline at the onset and get to your 50s and will be shocked at how much wealth you've accumulated, but no, got to have ...fill in the blanks ...now! young idiots don't no what "necessessities" really are


I don’t know man. I’m usually in 100 percent agreement with this mindset. I paid off 93k in student loans in 2.5 years in 08-10.

31k before taxes isn’t doing a whole hell of a lot with what even basic shite is costing these days.

I see what our entry level employees are making and don’t even get how they’re paying these insane rates foe rent, much less the rest of their expenses. I’m not in some hip big city area either.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299657 posts
Posted on 5/22/22 at 1:34 pm to
quote:

I paid off 93k in student loans in 2.5 years in 08-10.


Pretty impressive considering the recession at the time.

Both my kids are student loan free and homeowners, both earluyu 30s. Hasn't been easy for them (one changed careers) but I am proud of them for getting through it.
Posted by NoSaint
Member since Jun 2011
12690 posts
Posted on 5/22/22 at 1:36 pm to
quote:

These kids expect $25 hr+ to do menial tasks in an entry level warehouse position. I said what about the benefits? No care, it's all about their paycheck every 2 weeks.


Counter:

You are talking $30k a year vs $45k in your $15 vs $22

Medical benefits aren’t super exciting when you can’t afford to see a doctor even with them. An extra 3% match on the 401k on a 50% salary gap? They could take all three weeks unpaid and still be ahead bigly

Maybe they aren’t the ones out of touch with their lives today?
This post was edited on 5/22/22 at 1:38 pm
Posted by Jsand43
Member since May 2021
882 posts
Posted on 5/22/22 at 1:36 pm to
Telling someone to invest in a mobile home, the only type of home that depreciates, shows how out of touch and ignorant you really are.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138899 posts
Posted on 5/22/22 at 1:36 pm to
quote:

Fact remains, in terms of housing, the biggest factor in wealth creation for Americans throughout our history, wages are at the weakest they have ever been, even weaker than the Great Depression
Three things:

(1) Though it's probably inadvertent, your statement is misleading. It's based on median home price, but not the cost of equivalent homes. The 2022 median home you are pricing is 2500sqft with central heat, a/c, modern appliances, stone counters, etc. The avg depression era homes you're drawing comparison with were 1000sqft with none of the other luxuries.

(2) We're in a housing bubble. Buyers at these levels may have to wait a decade just to break even on the purchase price. Home purchase right now is not a "wealth creation" vehicle.

(3) Comparing wage-to-price ratios in a present-day housing bubble with similar ratios at points in time (like the depression) where home prices were depressed isn't particularly indicative of much.
This post was edited on 5/22/22 at 1:38 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 5/22/22 at 1:39 pm to
quote:

The 2022 median home you are pricing is 2500sqft with central heat, a/c, modern appliances, stone counters, etc.


How many other type homes are on the market? And the small amount that are, how many of those are being snatched up with above asking cash offers by PE?

quote:

We're in a housing bubble. Buyers at these levels may have to wait a decade just to break even on the purchase price. Home purchase right now is not a "wealth creation" vehicle.


Maybe, that's just your opinion, and not really relevant in the macro.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299657 posts
Posted on 5/22/22 at 1:41 pm to
quote:

Telling someone to invest in a mobile home,


No, I said buy and live in a mobile home while you save for a downpayment, sell the mobile home and you're better off than paying rent.


You know, like people used to do when housing was "affordable"

Lets go back to 1,000 sq foot home, trailers and tenements. Thats the age your talking about.
This post was edited on 5/22/22 at 1:43 pm
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53534 posts
Posted on 5/22/22 at 1:41 pm to
quote:

Both my kids are student loan free and homeowners, both earluyu 30s. Hasn't been easy for them (one changed careers) but I am proud of them for getting through it.

My dad paid for my tuition and I'm grateful for it. I'm planning to pay whatever TOPS doesn't cover for the youngest because my wife and I are fortunate enough to be able to afford it. I'd hate to set her off into the world saddled with 90k in loans but I realize that's not an option for everyone.
Posted by NIH
Member since Aug 2008
122859 posts
Posted on 5/22/22 at 1:41 pm to
quote:

Avoid college


Good. Get them away from liberal professors who may turn them queer.
Posted by lsupride87
Member since Dec 2007
111459 posts
Posted on 5/22/22 at 1:42 pm to
quote:

things: (1) Though it's probably inadvertent, your statement is misleading. It's based on median home price, but not the cost of equivalent homes. The 2022 median home you are pricing is 2500sqft with central heat, a/c, modern appliances, stone counters, etc. The avg depression era homes you're drawing comparison with were 1000sqft with none of the other luxuries.
One thing

First time homebuyers would love to buy a 1400 sq foot home with 3 beds and 1.5 baths in a nice working class neighborhood like the 50s-70s. Those houses are like south downs in BR, where that 1400 sq foot home goes for 300k

So please, point these homebuyers where the affordable entry level houses are
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