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re: Millennials earn 20% less than Boomers did at same stage of life
Posted on 1/13/17 at 5:14 pm to knight_ryder
Posted on 1/13/17 at 5:14 pm to knight_ryder
I am not a millennial or baby boomer. I am Gen X. I am just sick and tired of all the bitching and moaning from both groups directed at the other.
Both of them suck.
Both of them suck.
1
Posted on 1/13/17 at 5:14 pm to Byron Bojangles III
Trickle-down economics is a proven lie. Yet many still believe in the lie.
Posted on 1/13/17 at 5:14 pm to Byron Bojangles III
Boomer here. I started working summer jobs in 1965 and retired this year. I wasn't in a union, owned a boat or most of that other stuff. Stop throwing rocks at us. 
Posted on 1/13/17 at 5:16 pm to CaptainBrannigan
quote:
Trickle-down economics is a proven lie. Yet many still believe in the lie
Man you just can't help yourself
Posted on 1/13/17 at 5:17 pm to hogminer
quote:
A lot of the baby boomers went to work for a company at age 18 with a good work ethic and advanced their way up through hard work. Its different than little Dakota coming out of college at age 23 expecting big money right off the bat.
Show up at those same companies fresh out of high school with a good work ethic today and let me know how it goes.
Posted on 1/13/17 at 5:20 pm to Byron Bojangles III
What is this chicks degree in? If it's in women's studies then she just made a poor life decision. My parents are boomers, I'm GenX (GOAT Gen) and I do better than my parents did income wise. They though had more of a savings (cash on hand not 401K) than I do at the same age. The main reason for this is the cash I have to fork out for my kid's education that they didn't have too. Tuition seems to have outpaced everything inflation wise. Also that meme about the economy seems wrong. Part of the economy in the 70's was shite. Gas shortages and all kinds of out of control inflation.
Posted on 1/13/17 at 5:20 pm to slackster
quote:
Show up at those same companies fresh out of high school with a good work ethic today and let me know how it goes
You can still do it, just have to committed for the long haul and realize it's a slow grind. There isn't much instant gratification.
Posted on 1/13/17 at 5:20 pm to Byron Bojangles III
quote:
Latino millennials earn nearly 29 percent more than their boomer predecessors to $30,436.
I found that and that Asians were included very interesting.
Posted on 1/13/17 at 5:21 pm to Byron Bojangles III
quote:
Whites still earn dramatically more than Blacks and Latinos, reflecting the legacy of discrimination for jobs, education and housing.
Is it discrimination, or are white people completing college/postgraduate education at a higher rate of their minority peers? Inheriting daddy's company? Or more willing to go to BFE West Texas for blue collar jobs?
Does the data include those with no income? I'm astonished that the net worth is actually in the positive.
Posted on 1/13/17 at 5:21 pm to slackster
There are companies that will hire you right now today as long as,you can pass a background check. You might not like the job, but you have to start somewhere.
Posted on 1/13/17 at 5:23 pm to hogminer
quote:
A lot of the baby boomers went to work for a company at age 18 with a good work ethic and advanced their way up through hard work. Its different than little Dakota coming out of college at age 23 expecting big money right off the bat.
Well coming out of college at age 23 pays about what pops earned working at the hardware store with no degree
Thanks Boomers
Posted on 1/13/17 at 5:24 pm to El Segundo Guy
quote:
There are companies that will hire you right now today as long as,you can pass a background check. You might not like the job, but you have to start somewhere.
I get that, but the opportunities were much more attractive in 1980ish. The point is that things aren't as good now as they were then, not that they're impossible now.
Posted on 1/13/17 at 5:25 pm to slackster
quote:
Show up at those same companies fresh out of high school with a good work ethic today and let me know how it goes.
Boom
Posted on 1/13/17 at 5:25 pm to slackster
quote:
but the workforce is increasing
No. It isn't. It plummeted under Obama.
He totes his lower unemployment rate, but what he doesn't tell you is that rate only account for people actively looking for work. There was a massive increase in people who just gave up.
Posted on 1/13/17 at 5:26 pm to RogerTheShrubber
quote:
You can still do it, just have to committed for the long haul and realize it's a slow grind. There isn't much instant gratification.
Difference is that a boomer could take that job and be the primary earner with a house and a family at age 25.. an equally qualified millennial that took the same path would be splitting a 1-2 bedroom apartment with a friend and broke AF.
For example..
LINK
San Francisco.. $16-18/hour.. wants a bachelors degree and 1-2 years of experience.. standard office admin staff job
This post was edited on 1/13/17 at 5:33 pm
Posted on 1/13/17 at 5:28 pm to El Segundo Guy
quote:
There are companies that will hire you right now today as long as,you can pass a background check. You might not like the job, but you have to start somewhere.
Exactly. I could line people up with jobs left and right paying about 45K a year. It's hard work outside and most young people don't want that even if it gets their foot in the door for something much better 5 years down the road.
Posted on 1/13/17 at 5:32 pm to bmy
After I retired from the military, I was starting up a business. For the first year or so, I wasn't "working". I got tired of my wife giving me honey do lists, so I worked for a satellite provider doing installs for a whopping $12.25. I was there for 3 months.
If my over 40 broke down arse can crawl around in attics and under trailer houses when I didn't even need the money, I have zero sympathy.
If my over 40 broke down arse can crawl around in attics and under trailer houses when I didn't even need the money, I have zero sympathy.
Posted on 1/13/17 at 5:33 pm to bmy
quote:
Difference is that a boomer could take that job and be the primary earner with a house and a family at age 25.. an equally qualified millennial that took the same path would be splitting a 1-2 bedroom apartment with a friend and broke AF
Not boomers on the latter end of the Era.
I'm not sure where the legends of these boomers living so luxuriously. My working class neighborhood growing up had no new cars. People Nicole and died to get by. Homes were small, cars were old.
Posted on 1/13/17 at 5:34 pm to CaptainBrannigan
quote:
Trickle-down economics is a proven lie. Yet many still believe in the lie.
This. Any objective analysis shows it accelerated income inequality (exponentially).
Posted on 1/13/17 at 5:35 pm to slackster
quote:
I get that, but the opportunities were much more attractive in 1980ish. The point is that things aren't as good now as they were then, not that they're impossible now.
That's not entirely true especially in O&G and plant work. Old timers tell me that regardless of trade or education when you hired on at a lot of places you started in what was called the labor gang for a minimum of two years. It was hard work to see what kind of work ethic you had. Prove yourself then you went to operations, lab, design, mechanical and even engineers. I personally know a chem E that did this back in the day.
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