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re: Millennials earn 20% less than baby boomers did—despite being better educated

Posted on 11/6/19 at 6:03 am to
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 11/6/19 at 6:03 am to
most boomers made it big by being uneducated factory workers. stop the lies
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/6/19 at 6:08 am to
quote:

Pretty important that we know what the degrees are in. Lots of millennials get useless degrees and then complain they can't find a job and have student loan debt.

it's not really important when you're comparing it to people who don't have a degree

quote:

Again, does this compare apples to apples? In other words, are millennials who do the same job, with the same degree and experience making 20% less?

Seems like the ole "women make less than men" fallacy.


are you assuming there are jobs millenials aren't doing or something?
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 11/6/19 at 6:20 am to
totes millennials
Posted by Centinel
Idaho
Member since Sep 2016
46697 posts
Posted on 11/6/19 at 6:25 am to
quote:

millennials lived in a world where everything is fact checked. bc of this they keep an objective truth at all times




Posted by NIH
Member since Aug 2008
124971 posts
Posted on 11/6/19 at 6:26 am to
Any data to back that up? Thanks
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/6/19 at 6:30 am to
literally just saw this scrolling on FB



OK Boomer
Posted by Jorts R Us
Member since Aug 2013
18029 posts
Posted on 11/6/19 at 6:31 am to
An hourly job asking for a Master's? What's the job?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 11/6/19 at 6:32 am to
Companies don't want to train anymore. Here's your entry-level salary to go with that graduate degree.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/6/19 at 6:39 am to
quote:

70s to the early 80s was a shitshow. High unemployment, inflation, extremely high interest rates. Manufacturing died, hundreds of thousands lost jobs


Your revisionist history is terribly wrong.

you're not wrong, but that was a long period of slowing growth and stagflation. it was the beginning of the end of the post-WW2 boom. then there wasn't another major , long-term meltdown until 2008. sure there were a few valleys, but they were regular recessions. 2008 was almost the great depression

the OTHER major issue is the ending of the period you cited is basically the end of economic power for non-urban areas. after that point the rural/small town economy began to slide and it's almost dead today. all of the opportunity moved to cities and the coasts. all those factories people in the 70s/80s relied on have closed and nothing replaced them.

2008 accelerated this incredibly because the government plans to save the economy basically only injected money in major urban areas

so yes there were bad periods for Boomers, but nothing like the post-2008 economy. now, just to get into entry level work, you need an expensive degree and live in an expensive city. and the ability to advance has been neutered b/c boomers won't retire (so Gen X can't move into their top-level and open up those middle management roles for older millennial)
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 11/6/19 at 6:44 am to
quote:

(so Gen X can't move into their top-level and open up those middle management roles for older millennial)

Don't worry. We were told millennials are just going to move straight into the corner offices because numbers.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 11/6/19 at 6:46 am to
lmao great find dude
Posted by Dawgholio
Bugtussle
Member since Oct 2015
13047 posts
Posted on 11/6/19 at 6:49 am to
You mean being an Insta influencer isn’t paying well??
Posted by NIH
Member since Aug 2008
124971 posts
Posted on 11/6/19 at 6:50 am to
But muh STEM
Posted by Martini
Near Athens
Member since Mar 2005
49696 posts
Posted on 11/6/19 at 6:52 am to
quote:


if true lmao. what a worthless arse generation. 70% of boomers don't even have 100k in retirement.

I can't wait to tell all my zoomer friends that. we can't stand boomers with a passion



I’m guessing your parents were boomers? To bad the old man didn’t pull out.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/6/19 at 6:53 am to
the thing about STEM is that it's not like every STEM major is that economically productive on its own

you go tell me all the economic opportunities you have with a biology degree

here is the thing. did boomers have a MUCH easier time? yes. are they stalling progress by everyone younger b/c of how shitty they handled their economy and money? yes. are millennials doing anything to fix the problem? no. are many millenials just promoting the same cycle that's dooming them? yes.

it can go both ways
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 11/6/19 at 6:53 am to
think my dad a gen x actually dude
Posted by Scruffy
Kansas City
Member since Jul 2011
78036 posts
Posted on 11/6/19 at 6:54 am to
Yep, that’s another issue.

Entry level jobs are requesting or requiring insane degrees or insane prior job history.

An entry level job shouldn’t require a masters degree or require multiple yeas of previous job history.

That kinda defeats the purpose of being “entry level”.
This post was edited on 11/6/19 at 6:55 am
Posted by Big_Sur
Member since Nov 2012
1176 posts
Posted on 11/6/19 at 6:55 am to
These charts are suspicious.

What are these enormous "Non-Financial Assets" that young people have, but its not their primary residence?

Is this the $60,000 Jeep pickup trucks in their front yard?

Or are they counting their Liberal Arts Starbucks degrees as Non-Financial Assets?
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 11/6/19 at 6:56 am to
quote:

are many millenials just promoting the same cycle that's dooming them? yes.


this isn't true dude
Posted by chinhoyang
Member since Jun 2011
26233 posts
Posted on 11/6/19 at 6:57 am to
quote:

Boomers had it easier than s***


Vietnam started when the first boomers came of age.
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