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

Posted on 11/5/19 at 6:19 pm to
Posted by Clames
Member since Oct 2010
19959 posts
Posted on 11/5/19 at 6:19 pm to
quote:

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


Not all STEM drgrees are equal. A BS in anything but a core engineering discipline is worthless. A BS in Chemistry or Mathematics? Good, you can almost teach at the elementary level and earn dick money. My fiancée double majored in biology and chemistry and knew that wasn't enough. Her Ph.D. in molecular/cellular pathology wasn't going to make her much more than $30k/year either. So she got a DMD and then specialized which is what has made her Ph.D. a real income earner as it opened up immediate University faculty positions. Her first job after residency is about $180k/year right now as a newbie public sector employee, private practice is the next step.

Oh, and she did it all without a single dime of student loans.
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11743 posts
Posted on 11/5/19 at 6:22 pm to
Gen Xer here. I don't care what generation are, if you can't make a frick ton of money in this job market, it's a you problem.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76111 posts
Posted on 11/5/19 at 6:22 pm to
Boomers didn't live with their parents after age 18 unless they were too retarded for the army or too ugly for the whore house.

That helped them build character so by the time they were 30, they were grown ups whereas most (not all) mills are still children into their late 20's.
Posted by NIH
Member since Aug 2008
124949 posts
Posted on 11/5/19 at 6:24 pm to
Your fiancé sounds ugly
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:24 pm to
quote:

Boomers didn't live with their parents after age 18 unless they were too retarded for the army or too ugly for the whore house.

That helped them build character so by the time they were 30, they were grown ups whereas most (not all) mills are still children into their late 20's.


Thats a great anecdote you got, anything to back it up ?
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 11/5/19 at 6:24 pm to
quote:

Her Ph.D. in molecular/cellular pathology wasn't going to make her much more than $30k/year either.


Posted by Picayuner
Member since Dec 2016
3870 posts
Posted on 11/5/19 at 6:26 pm to
The boomers will leave over $60 trillion to the youngsters making them the richest generation ever BUT these same youngsters are fixin to vote in people who will make sure the GOVERNMENT gets most of it !!!!!!’
This post was edited on 11/5/19 at 6:29 pm
Posted by LCA131
Home of the Fake Sig lines
Member since Feb 2008
77703 posts
Posted on 11/5/19 at 6:27 pm to
quote:

Not all STEM drgrees are equal. A BS in anything but a core engineering discipline is worthless. A BS in Chemistry or Mathematics? Good, you can almost teach at the elementary level and earn dick money. My fiancée double majored in biology and chemistry and knew that wasn't enough. Her Ph.D. in molecular/cellular pathology wasn't going to make her much more than $30k/year either. So she got a DMD and then specialized which is what has made her Ph.D. a real income earner as it opened up immediate University faculty positions. Her first job after residency is about $180k/year right now as a newbie public sector employee, private practice is the next step.


That is awesome....






Does she give a good hummer!
Posted by Vidic
Member since Jan 2010
9513 posts
Posted on 11/5/19 at 6:27 pm to
You don’t understand it’s because boomers blame all the problems on “millennials” despite the age of people they’re blasting, specifically on this board?
Posted by dgnx6
Member since Feb 2006
91645 posts
Posted on 11/5/19 at 6:28 pm to
They weren't straddling themselves with debt from useless degrees.

Posted by dgnx6
Member since Feb 2006
91645 posts
Posted on 11/5/19 at 6:29 pm to
quote:

4, boomers weren't playing on Twitter 8 hours a day either, were they?


They sure as hell weren't on Tigerdroppings all day in their 30s.
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:29 pm to
quote:

They weren't straddling themselves with debt from useless degrees.



How does debt factor into to the headline?

quote:

Millennials earn 20% less than baby boomers did—despite being better educated
Posted by CitizenK
BR
Member since Aug 2019
16498 posts
Posted on 11/5/19 at 6:30 pm to
I am not in construction but work with a lot of industrial contractors.

For the most part under 40 ain't worth shite as workers even if they can pass a drug screen and 3rd grade comprehension reading level test (both for safety reasons)
Posted by udtiger
Over your left shoulder
Member since Nov 2006
117174 posts
Posted on 11/5/19 at 6:30 pm to
quote:

Boomers had it easy as shite


Except for the ones that did tours in Vietnam.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 11/5/19 at 6:30 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.


Dude, you so full of shite thinking this or came from a broken home. I am a boomer and gave everything to my two kids. I knew we couldn't afford more kids even after we were told to just add more water to the gravy. We did without a lot for our kids. So piss off.

Oh. bet your Mom and Dad have real pride in you. Guess you have your hand sticking out right now.
Posted by BigSalmon
Member since Jul 2019
576 posts
Posted on 11/5/19 at 6:30 pm to
Are you 100% sure your wife hasn’t had a couple Millennial dicks in her mouth?
Posted by efrad
Member since Nov 2007
18704 posts
Posted on 11/5/19 at 6:31 pm to
quote:

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).


Yeah when they were young, business was booming and there were more opportunities than people. Now that things are different, businesses must be more diligent with their money, you know it costs more than just wages to hire someone right? A business needs to get a return on its investments or it can choose to invest in something with a better return than employing people

quote:

They are now running these companies and 'hoarding' the profits, creating the wealth gap we see today


What do you mean they’re hoarding money?
Again, do you want them to keep it (no), spend it (no), or give it away (apparently no)? So what do you want them to do with it, bleed it away on employee wages that can’t give them a good return?
Posted by dgnx6
Member since Feb 2006
91645 posts
Posted on 11/5/19 at 6:31 pm to
Oh and once these millennials' baby boomer parents die, they inherit that wealth.

They will come out better in a decade.
Posted by hubertcumberdale
Member since Nov 2009
7882 posts
Posted on 11/5/19 at 6:32 pm to
quote:

Dude, you so full of shite thinking this or came from a broken home. I am a boomer and gave everything to my two kids. I knew we couldn't afford more kids even after we were told to just add more water to the gravy. We did without a lot for our kids. So piss off.

Oh. bet your Mom and Dad have real pride in you. Guess you have your hand sticking out right now.


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 Clames
Member since Oct 2010
19959 posts
Posted on 11/5/19 at 6:33 pm to
It's not shock, academia is flooded with foreign Ph.D candidates and post-doc researchers. They work slave hours and for very little money.
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