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Started By
Message
re: Millennials earn 20% less than baby boomers did—despite being better educated
Posted on 11/7/19 at 11:53 am to RogerTheShrubber
Posted on 11/7/19 at 11:53 am to RogerTheShrubber
quote:ok
Nope. You pull your info from the DoL sites and dont understand what you're looking at.
Give me a source (other than some guy “you know” in Alaska) that supports welders and Plummers all pulling in 150k across the country
I’ll wait
1
Posted on 11/7/19 at 11:54 am to wutangfinancial
If those fringe benefits weren't required in the past, yet now are by the society we live in, is the outcome not in fact the same? The end result is still that your paycheck is less. That's just playing semantics.
Posted on 11/7/19 at 11:56 am to Pettifogger
quote:
But this shite isn't static, people in Kia plants aren't laboring in the same manner as people did when production levels were lower (unless we're talking relatively recent rubber room history or something).
Specialized vs enlarged jobs were vastly different for production during the boomer era. Graduating HS and moving on to the plant was cyclical in nature for boomers, and rather expected.
Posted on 11/7/19 at 11:56 am to EarlyCuyler3
quote:
If those fringe benefits weren't required in the past, yet now are by the society we live in
Why are they required now?
Posted on 11/7/19 at 11:56 am to GreatLakesTiger24
@centinel and @rogertheshrubhery are the classic "this guy I know..." posters.
Posted on 11/7/19 at 11:56 am to EarlyCuyler3
quote:
If those fringe benefits weren't required in the past, yet now are by the society we live in, is the outcome not in fact the same? The end result is still that your paycheck is less. That's just playing semantics.
Keep in mind nobody has considered how much of a boost in real income we receive from exporting deflation to China. Consumption wouldn't be what it is today without this phenomena, and savings and investments would have obsorbed that money if we didn't. We are all materially better off in today's economy than the boomers had it. But muhhhh "okay boomer."
Posted on 11/7/19 at 11:58 am to Mr Perfect
quote:
@centinel and @rogertheshrubhery are the classic "this guy I know..." posters.
Point out where I've used this in an argument?
I mean hell the only thing you contribute to this forum is dick-riding everyone here with "Ya bro good post!" over and over.
You'd think you were an aggie fan or something.
Posted on 11/7/19 at 12:00 pm to wutangfinancial
quote:
Keep in mind nobody has considered how much of a boost in real income we receive from exporting deflation to China. Consumption wouldn't be what it is today without this phenomena, and savings and investments would have obsorbed that money if we didn't. We are all materially better off in today's economy than the boomers had it. But muhhhh "okay boomer."
Don't you use that economics voodoo on me ricky bobby!
Posted on 11/7/19 at 12:04 pm to xxTIMMYxx
quote:You're right. I can't ever imagine my father tweeting while trying to put a string of barges together in his 20s.
Well yea. Things like technology kind of play a factor.
Posted on 11/7/19 at 12:05 pm to Centinel
quote:
And this is a shitty attitude to take.
Sure but does not mean it is not a prevailing sentiment.
quote:
And your inability to grasp basic ideas is as well.
lolwut? What basic ideas am I not grasping?
Posted on 11/7/19 at 12:07 pm to HailHailtoMichigan!
quote:
First, the value of fringe benefits—such as health insurance and pension contributions—is often excluded from calculations of worker pay. Because fringe benefits today make up a larger share of the typical employee's pay than they did 40 years ago (about 19% today compared with 10% back then), excluding them fosters the illusion that the workers' slice of the (bigger) pie is shrinking.
First, this is absolutely laughable to even begin to think increases in fringe benefits are in line with increases in profits. Not even fricking close.
Posted on 11/7/19 at 12:07 pm to Mr Perfect
quote:
centinel and @rogertheshrubhery are the classic "this guy I know..." posters.
No one has done that, kid.
Posted on 11/7/19 at 12:09 pm to wutangfinancial
quote:
People wanted this, and they received. Now they bitch
They did?
You have no background in labor history. Stay in your lane.
Posted on 11/7/19 at 12:10 pm to JohnnyKilroy
In your view, assuming it’s true, WHY are firms able to obtain higher profits now than in the 60s and 70s?
Posted on 11/7/19 at 12:13 pm to HailHailtoMichigan!
Technology mostly.
I need to see some evidence that shows corporate profits have been flat relative to gdp over the last 40-50 years. This is the 2nd time you’ve asserted that.
quote:
assuming it’s true
I need to see some evidence that shows corporate profits have been flat relative to gdp over the last 40-50 years. This is the 2nd time you’ve asserted that.
This post was edited on 11/7/19 at 12:14 pm
Posted on 11/7/19 at 12:14 pm to JohnnyKilroy
Corporate profits have risen, the relevant stat is whether they have risen as percent of gdp
Posted on 11/7/19 at 12:14 pm to HailHailtoMichigan!
quote:
WHY are firms able to obtain higher profits now than in the 60s and 70s?
globalization. please think dude
Posted on 11/7/19 at 12:15 pm to Mr Perfect
He will think. As soon as Hoover tells him what to think.
Posted on 11/7/19 at 12:16 pm to HailHailtoMichigan!
quote:
the relevant stat is whether they have risen as percent of gdp
Let's see some evidence that they haven't. You said they haven't already.
Let's get some facts, instead of just feelings.
Posted on 11/7/19 at 12:17 pm to wutangfinancial
quote:
Keep in mind nobody has considered how much of a boost in real income we receive from exporting deflation to China.
This sounds like more semantics honestly. And who is "we?" If the real income is going into the quarterly earnings and not the worker's paychecks, as the numbers seem to indicate, then how is it helping?
All it takes is looking at an inflation calculator to realize that your money is worth far less these days.
quote:
In 2018, it would take $6.47 to buy the same amount as $1.00 bought in 1970.
There is no way in hell wages have kept up at that rate. It's impossible.
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