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

Posted on 11/5/19 at 6:02 pm to
Posted by gatorrocks
Lake Mary, FL
Member since Oct 2007
13998 posts
Posted on 11/5/19 at 6:02 pm to
quote:

better educated


Obviously not in marketable and high paying skills.
Posted by lsupride87
Member since Dec 2007
112582 posts
Posted on 11/5/19 at 6:03 pm to
quote:

Useless degrees
Milennials graduate with the highest pct of STEM degrees for any generation ever

Sweet talking point though
This post was edited on 11/5/19 at 6:04 pm
Posted by Clames
Member since Oct 2010
19959 posts
Posted on 11/5/19 at 6:04 pm to
quote:

So, in short, boomers benefited off the success of their parents by getting jobs in a booming post war economy with no education, and have since hoarded more and more of their money, creating one of the biggest wealth gaps observed in modern history.


1) Millenials are retards for putting themselves into debt by getting college degrees in dead end fields.

2) It's not "hoarding". It's saving and not spending every last earned dime on bullshite frivolities. Take ownership of your failures already, grow up.
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:04 pm to
quote:

If they kept their money they're hoarders, if they spent it they're gluttonous indulgers.
They earned the money. Were they supposed to just give it away, and to people who are not their children (because we can't have kids benefiting on their parents' success)


By no means am I advocating boomers go hand out their money on the side of the road. I was implying that boomers were able to get their foot in the door to an industry much easier than anyone has it today (no 5 rounds of interviews, background check, drug tests, prior experience or qualifications). They are now running these companies and 'hoarding' the profits, creating the wealth gap we see today
Posted by Dam Guide
Member since Sep 2005
16797 posts
Posted on 11/5/19 at 6:04 pm to
The best thing about boomers is they are dropping like flies, good riddance.
This post was edited on 11/5/19 at 6:05 pm
Posted by lsupride87
Member since Dec 2007
112582 posts
Posted on 11/5/19 at 6:05 pm to
quote:

Obviously not in marketable and high paying skills.


Wrong

More milennials graduate in Engineering, math, and healthcare than any generation before them

Why is it so hard to admit the milennials have been dealt a bad hand with the economy and job market?
Posted by Picayuner
Member since Dec 2016
3870 posts
Posted on 11/5/19 at 6:05 pm to
The youngsters will be the richest ever in the history of the world. The baby boomers will be passing down over 64 trillion dollars to these youngsters so be nice.
Posted by tigerinthebueche
Member since Oct 2010
38233 posts
Posted on 11/5/19 at 6:06 pm to
quote:

Milennials graduate with the highest pct of STEM degrees for any generation ever



And apparently it’s not doing them any good.


Posted by lsupride87
Member since Dec 2007
112582 posts
Posted on 11/5/19 at 6:07 pm to
quote:



And apparently it’s not doing them any good.

Correct. Because the job market and economy are shite, thanks to those generations before them

Posted by BigSalmon
Member since Jul 2019
576 posts
Posted on 11/5/19 at 6:08 pm to
It's pretty simple. You kept voting for dumb shite politicians (both sides) who let Roosh Vaj, Chang and Jose in to kill Tyrone and Billy Bob's wage gains.
Posted by Scruffy
Kansas City
Member since Jul 2011
78025 posts
Posted on 11/5/19 at 6:11 pm to
quote:

Because the job market and economy are shite, thanks to those generations before them
That isn’t the way to look at it.

The economy is actually great.

Products just cost significantly more now, relative to wages.

Purchasing a home or car is harder now compared to then.

There are also significantly more “required purchases” now compared to then.
This post was edited on 11/5/19 at 6:14 pm
Posted by Hogbit
Benton, AR
Member since Aug 2019
3091 posts
Posted on 11/5/19 at 6:11 pm to
College educated idiots is a real thing
Posted by fr33manator
Baton Rouge
Member since Oct 2010
135033 posts
Posted on 11/5/19 at 6:11 pm to
“Better educated”

That’s debatable
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151559 posts
Posted on 11/5/19 at 6:11 pm to
quote:

1) Millenials are retards for putting themselves into debt by getting college degrees in dead end fields.

2) It's not "hoarding". It's saving and not spending every last earned dime on bullshite frivolities. Take ownership of your failures already, grow up.



Ok boomer
Posted by Crowknowsbest
Member since May 2012
27001 posts
Posted on 11/5/19 at 6:11 pm to
Millennials got hammered by the financial crisis. The job market was terrible, so they took jobs for lower starting pay, and now their percentage raises haven’t compounded as much as prior generations because of the lower starting point (on real terms).

People can shite on millennials all they want, but that’s a tough break that had nothing to do with them.
Posted by AMS
Member since Apr 2016
6541 posts
Posted on 11/5/19 at 6:12 pm to
quote:

Why is it so hard to admit the milennials have been dealt a bad hand with the economy and job market?



Theyve convinced themselves for over a decade that millenials are just participation trophy recipients, snowflakey, bums.
any info contrary must hurdle massive cognitive bias, so will likely just be dismissed instead. highest % in STEM degrees, yet they believe most every millennial is getting liberal arts degrees.
Posted by LCA131
Home of the Fake Sig lines
Member since Feb 2008
77703 posts
Posted on 11/5/19 at 6:14 pm to
quote:

Overall, millennials earn 20% less than baby boomers did at the same stage of life,


Hahahaha... And they talk about how fricking stupid we are...

Who's laughing now, you worthless broke-dicks...
Posted by Scruffy
Kansas City
Member since Jul 2011
78025 posts
Posted on 11/5/19 at 6:15 pm to
quote:

Theyve convinced themselves for over a decade that millenials are just participation trophy recipients, snowflakey, bums.
any info contrary must hurdle massive cognitive bias, so will likely just be dismissed instead. highest % in STEM degrees, yet they believe most every millennial is getting liberal arts degrees.
That is also true.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76111 posts
Posted on 11/5/19 at 6:17 pm to
Boomers who got college degrees were in a much better place because very few people had college degrees. Today many more have college degrees so they aren't worth as much.

Not boomers fault.
Not millenials fault.

Quitcherbitchen and go be productive.
Posted by gatorrocks
Lake Mary, FL
Member since Oct 2007
13998 posts
Posted on 11/5/19 at 6:19 pm to
quote:

More milennials graduate in Engineering, math, and healthcare than any generation before them


Great. Compare their salaries to those in the same fields and I bet they're the same as baby boomers.

Add in the myriad of bullshite degrees and it gets weighed down significantly.

And the reason is I'm in IT. I know what millennials are making in the field. It's not cheap to employ them.
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