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re: Millennials earn 20% less than Boomers did at same stage of life

Posted on 1/16/17 at 9:37 am to
Posted by WinnPtiger
Fort Worth
Member since Mar 2011
24936 posts
Posted on 1/16/17 at 9:37 am to
why does every generation have an antagonistic relationship with the prior?


is it tribalism psychology or some shite?
Posted by stewie
Member since Jan 2006
4023 posts
Posted on 1/16/17 at 9:43 am to
quote:

why does every generation have an antagonistic relationship with the prior and future?



FIFY




Everyone is too afraid to point the finger at themselves and take responsibility for their poor actions or inactions.

If we want to fix this country, start looking at what you, yourself can do...quit worrying about other people.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69170 posts
Posted on 1/16/17 at 9:44 am to
This. There's a missing rung on the ladder. All jobs require relevant experience (most do not count internships or typical service jobs like bartending, barista, fast food, waiting tables, or food service) of 3-5 years. But because they all require it, there's no where for applicants to get that 3-5 years in order to get their foot in the door. The number of jobs that will give people a chance right out of school are far far far fewer than the number of recent graduates. This leads to millions of students with business degrees, accounting degrees, engineering, economics, math, and yes, liberal arts, stuck in the same types of dead end jobs they were working in high school while the idiot HR departments can't figure out why they struggle to fill positions with qualified applicants and why those that they hire have rediculously high turnover rates and steep learning curves.
This post was edited on 1/16/17 at 9:45 am
Posted by WinnPtiger
Fort Worth
Member since Mar 2011
24936 posts
Posted on 1/16/17 at 9:50 am to
quote:

This. There's a missing rung on the ladder. All jobs require relevant experience (most do not count internships or typical service jobs like bartending, barista, fast food, waiting tables, or food service) of 3-5 years. But because they all require it, there's no where for applicants to get that 3-5 years in order to get their foot in the door. The number of jobs that will give people a chance right out of school are far far far fewer than the number of recent graduates. This leads to millions of students with business degrees, accounting degrees, engineering, economics, math, and yes, liberal arts, stuck in the same types of dead end jobs they were working in high school while the idiot HR departments can't figure out why they struggle to fill positions with qualified applicants and why those that they hire have rediculously high turnover rates and steep learning curves.



it is truly amazing how many HR sumbitted job postings read something like







"Recent college graduates desired, 3-5 years relevant experience preferred"



who writes that and thinks, "makes sense"
This post was edited on 1/16/17 at 9:50 am
Posted by tigerinthebueche
Member since Oct 2010
37656 posts
Posted on 1/16/17 at 9:55 am to
quote:

Entry-level is not actually entry-level anymore. Entry-level means 2-5 years of direct experience and a college degree. Jobs for recent grads with 0-1 years of experience are extremely hard to come by. That's the problem


i don't disagree with you. But thats a result of the weak economy (among other things) and not the fault of a particular generation (boomers, X, or millennials).
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 1/16/17 at 9:56 am to
quote:

All jobs require relevant experience (most do not count internships or typical service jobs like bartending, barista, fast food, waiting tables, or food service) of 3-5 years. But because they all require it, there's nowhere for applicants to get those 3-5 years in order to get their foot in the door. The number of jobs that will give people a chance right out of school is far far far fewer than the number of recent graduates. This leads to millions of students with business degrees, accounting degrees, engineering, economics, math, and yes, liberal arts, stuck in the same types of dead-end jobs they were working in high school while the idiot HR departments can't figure out why they struggle to fill positions with qualified applicants and why those that they hire have ridiculously high turnover rates and steep learning curves.


Thank You. I have always been aware of this fact. I have even tried to stress this fact on both OT and Politalk.

Granted, the dialogue about my college left a bad impression. But in all seriousness, what you address is really an issue no matter the university or trade school. During my undergraduate years, many of the senior students (in practical programs) faced the same issues of no job or underemployment.
Posted by SaintBrees
Member since Oct 2015
547 posts
Posted on 1/16/17 at 10:05 am to
quote:

You no longer set yourself apart from the crowd just going to college and getting "a degree."


Very true.

I am very much on the millennial side of this in most regards. But one thing I will say is that when I was in college, most of my friends didn't work. Their parents wanted them to focus on school only, and it fricked them over when graduation came.

When I graduated, I had a resume filled to the brim with work experience. I was hired for a full time job (low paying, but a job) 2 days before I took my last final exam at LSU.

A lot of these people unable to find jobs when they graduate have an empty resume because they have never been anything other than a student. I don't understand why these parents aren't making their kids work in college.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43031 posts
Posted on 1/16/17 at 10:11 am to
And who created and perpetuates the weak economy currently?
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69170 posts
Posted on 1/16/17 at 10:12 am to
Some parents believe grades to be the end-all-be-all for post collegiate success. They think working a job could be a distraction, resulting in worse grades. What they don't realize is that in engineering at least, unless they graduate with a 4.0 or 3.8, no relevant experience is an automatic disqualifier for them. It doesn't matter if they want to graduate early, they need to work internships, at least during the summers. If they don't have prior work experience from high school, it will be harder to get decent internships. Internships care about your grades, but more than that, they care about your work experiences.

I know from personal experience that parents who do not allow their kids to work real jobs while in high school and college handicap them tremendously when they graduate.
Posted by Bugsdad
D-town
Member since Dec 2005
1152 posts
Posted on 1/16/17 at 10:13 am to
While I haven't read this entire thread I can tell you that in my industry (I/E tech) we are looking for people to hire. I work at a plant and I have looked at 108 resumes and found 3 people to interview. The majority of these applicants are not even in the field. They are working at Lowe's, Home Depot, etc. Now before you jump on me and say there aren't any jobs out there, I know contractors that would hire them today as they are short handed. Are they making top dollar, no, but they would be making more than at the afore mentioned jobs with benefits and gaining experience. I do know there are a shortage of people doing the work we did back in the mid 80's, welders, pipe fitters and such. My son has a job as an operator, I know how they are thought of on this board, but it's a good job and he has no degree only a few years of work experience and none of it in the plants. It can be done, is it easy no you have to make yourself marketable and worth something. We hire some of these guys/girls right out of PTECH school and they think they know everything about working in a plant and they should be making the same as some of the guys who have been there 20+ years. Not all of them feel that way but it's more than you would think. I know I'll get shite-hammered for this but this is my .02 from where I sit.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42737 posts
Posted on 1/16/17 at 10:13 am to
I can vouch for this. I worked all 4 and a half years I was in college in retail, half of those 4.5 in management. I had a job offer in my degree field a month before I walked across the stage.
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3377 posts
Posted on 1/16/17 at 10:16 am to
you are very correct.

A majority of my classmates either don't work, or don't do something related to their future field. Now its the last semester before graduation and 70% of my class is complaining about how they cannot find jobs (Construction Management)

It just blows my mind that people would not want their kids to work at least a little while in school. Hell, I push 40 to 50 hours a week at work plus full time at LSU. I'd be bored as frick if all I did was go to class every day.
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3377 posts
Posted on 1/16/17 at 10:19 am to
Also, I could not imagine graduating school, starting a new, full-time job in my career field, and trying to maintain a house/apartment, while having NO real world experience in any type of adult responsibilities.

I know for a fact a few of my friends don't even know how to buy a car, pay an electric bill, or (god forbid) budget off of a set income.
Posted by Hoops
LA
Member since Jan 2013
7833 posts
Posted on 1/16/17 at 10:21 am to
The people in HR that want to hire the person that used their summers during college to get work experience. Nothing wrong with wanting work experience AND a degree.
Posted by SaintBrees
Member since Oct 2015
547 posts
Posted on 1/16/17 at 10:23 am to
Exactly. On one hand, I want to say I'm lucky because each stepping stone job has been from knowing someone, but I only knew someone because I met them through another job.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69170 posts
Posted on 1/16/17 at 10:24 am to
I had that issue early on in CM, but luckily, a last minute internship opportunity opened up early one summer and I was thankful I got the job. Then, I made sure to involve myself in CSA and sign up for the mentor ship program. Doing so led directly to 2 more internships, the latter of which I worked at part time my last semester. My grades weren't great, but because I had good work for well-known firms, it more than made up for it. When I graduated, I had a job offer (heck, I'd had an out of state one in the fall before I graduated).

In law school, I have taken the same approach. If you can, always be working at something, even if it's just tutoring, and involve yourself in as many clubs as you have time for, and take on leadership roles where you can. C's get degrees AND they have a far better chance of landing a job with a full resume than a B student who only focused on school.
Posted by SpqrTiger
Baton Rouge
Member since Aug 2004
9612 posts
Posted on 1/16/17 at 10:26 am to
quote:

why does every generation have an antagonistic relationship with the prior?


Because they don't want to give up the imagined barriers to their own success.

Everyone should realize that the only real limitations in life, save for a few extraordinary cases, are self-imposed. Don't cling to the security of an excuse.

Sure, you might have been dealt a bad hand by the economy or student loans, or whatever. I have sympathy for you. But the truth of the matter is that people now have never had more blueprints for success or shared knowledge and connections than they do now. The avenues are everywhere. And that goes for young and old, not just Millennials. Get your side gigs going. Start a business. Do you what you love to do, and sell it.
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 1/16/17 at 10:36 am to
quote:

can go to beauty school for $7k for 2 years and ends up making $70-80k


The following is from Bureau of Labor:

quote:

The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $8.62, and the highest 10 percent earned more than $22.79. The median hourly wage for hairdressers, hairstylists, and cosmetologists was $11.38 in May 2015.


Its possible to make over 80K being a beautician. However, as others have said, anecdotal evidence does not mean much in bigger market.

If you are exceptional in certain fields, you will make alot more than the standard rate. However, usually making that kind of money comes from starting your own business or simply being in high demand-low supply location for your job.
Posted by Box Geauxrilla
Member since Jun 2013
19193 posts
Posted on 1/16/17 at 10:37 am to
quote:

The median hourly wage for hairdressers, hairstylists, and cosmetologists was $11.38 in May 2015.


Does this include tips?
Posted by LCA131
Home of the Fake Sig lines
Member since Feb 2008
76136 posts
Posted on 1/16/17 at 10:47 am to
quote:

Get your side gigs going.


This.

quote:

Start a business


and THIS!

quote:

Do you what you love to do, and sell it.



AND THIS!!!!!

I often hear how this generation thinks differently......outside of the box...is more open-minded. All I can gather from the action side of things is "It's too hard", "You don't understand", "It's ---- fault", It's never been like this before"

Get your lazy pampered asses up, use your open minds and create something. create some business...Gates and Jobs STARTED 2 of the largest companies in history...The problem is this group has not worked and has Mommy and Daddy hand it to them in an effort to keep them or around, or be friends or some stupid shite...

You need firewood? Either go get some or shiver...
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