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re: Minimum wage in the 1970s would be the equivalent of making almost $56,000 a year now
Posted on 4/22/26 at 11:37 am to DCtiger1
Posted on 4/22/26 at 11:37 am to DCtiger1
quote:
I think most, including myself, have no issue acknowledging it is in fact harder to achieve the "American dream" for a number of factors. The issue I have is saying it's straight up impossible and there's no hope for current and future generations. Yes it's harder, but the ones that are willing to work towards it will still achieve it. That number will most definitely be less then the past
oh i agree 100%
0
Posted on 4/22/26 at 11:39 am to Bayou_Tiger_225
quote:
I live in BR. Bought my first house in 2022 for 325k.
This was after getting a BS and MS in accounting, passing the CPA exam, getting a job in big 4 accounting, and living with my parents for 3 years while working so I could save up. Scholarships allowed me to graduate with no debt, and I’ve driven the same truck for the past 14 years. Don’t eat out often, no frivolous spending, etc.
My gripe is that I started this journey long ago, doing everything the “right way”, and along the way the rules of the game changed….and they continue to change to make it harder and harder. Doesn’t mean I won’t stop pushing. But along the way, you’re allowed to pause for a moment and say “damn, this isn’t how it is supposed to work.”And none of that even starts to consider the AI gun barrel we are all staring down.
I guess at the end of the day I’m just tired of being gaslit by people telling me to climb the ladder, when the same people telling me to climb the ladder pulled it up with them after they climbed to a comfortable spot.
And that's fair. Seems you worked hard to get there, I commend that.
But when it comes to cost of everything in this world it's all about supply and demand. And the supply of land is only shrinking, therefore housing costs will only go up unless the government intervenes in some way to basically directly or indirectly subsidizes. Which it sounds like what most of you are advocating for.
I'm just standing over here saying, I'm not going to waiting on the government to figure it out for me. If they do cool, if not, I'll handle it.
Posted on 4/22/26 at 11:40 am to DCtiger1
quote:show it
There's plenty of examples in the same style of thread that pops up exactly like this.
quote:Well “we” don’t agree is the problem. The generation currently in power either outright denies it or knows it is happening and purposefully continues to pass policies to help themselves and only further hurt future generations
we agree it's harder, what is the point of beating this dead horse over and over? What are we going to do to fix it?
Posted on 4/22/26 at 11:41 am to DCtiger1
quote:
There's plenty of examples in the same style of thread that pops up exactly like this.
If we agree it's harder, what is the point of beating this dead horse over and over? What are we going to do to fix it?
lot more example of people acting like it so easy and people today are lazy and unwilling to sacrifice.
Posted on 4/22/26 at 11:41 am to UnluckyTiger
quote:
You live in St. Petersburg, not Monaco.
Fl real estate is a bit different, a lot of it has to do with proximity to water, when I last lived in Fl and was trying to get an appraisal on my house the work was farmed out to a company not familiar to the area, I told the would be appraiser that if you drew a five mile ring around my house inside that ring would be Tiger Woods'(poor kid on the block on Jupiter Island
,) home and also inside that ring would be a sizable trailer park, lots of affordable stuff inside that ring
Posted on 4/22/26 at 11:41 am to Techdave
quote:
It does for a first time homebuyer willing to build equity.
$150k gets you a condemned shack anywhere in Tennessee
Posted on 4/22/26 at 11:41 am to lsupride87
quote:
Well “we” don’t agree is the problem. The generation currently in power either outright denies it or knows it is happening and purposefully continues to pass policies to help themselves and only further hurt future generations
So I am trying to consider a different viewpoint. What would you think should be done?
Posted on 4/22/26 at 11:43 am to lsupride87
So what are you going to do to fix it?
Posted on 4/22/26 at 11:47 am to BluegrassBelle
Don’t let TechDave fool you. He’s scamming the government for a disability check and claiming he made good financial decisions to get to that point
Posted on 4/22/26 at 11:47 am to BluegrassBelle
quote:
I bet you think you can just apply online, a company will call you right back, and boom you’re in don’t you?
You are actually supposed to throw on a nice shirt and go hand off your resume in person to the receptionist
Posted on 4/22/26 at 11:48 am to DCtiger1
The best starting point would be the president of the USA not vowing to keep home prices high in order to protect investments of the boomer and forgotten generation
Posted on 4/22/26 at 11:48 am to lsu777
That is true, but there will always be people who are lazy or unwilling to put in the work.
It is undoubtedly harder. However, when posters try to share their own success or struggle it gets shite on. You and I both know the plant baws will crush that OT for the American dream!
I also think the competition with peers and AI is exponentially fiercer. Imagine the first few Super Bowl champs going against the monsters of today's teams
It is undoubtedly harder. However, when posters try to share their own success or struggle it gets shite on. You and I both know the plant baws will crush that OT for the American dream!
I also think the competition with peers and AI is exponentially fiercer. Imagine the first few Super Bowl champs going against the monsters of today's teams
Posted on 4/22/26 at 11:48 am to theunknownknight
Make minimum wage $27 and see what happens.
Posted on 4/22/26 at 11:51 am to lsupride87
You vastly overestimate the power of the executive branch.
How is the current president doing that? We don't have an adequate supply of housing and rates have priced the middle class out of moving out of their starter homes
How is the current president doing that? We don't have an adequate supply of housing and rates have priced the middle class out of moving out of their starter homes
Posted on 4/22/26 at 11:52 am to DCtiger1
quote:
rates have priced the middle class out of moving out of their starter homes
not really true
Posted on 4/22/26 at 11:53 am to SulphursFinest
quote:
Don’t let TechDave fool you. He’s scamming the government for a disability check and claiming he made good financial decisions to get to that point
I freakin wish. I got my financially stability from an Engineering degree and working for years offshore and around North America in the oilfield. Had to sacrifice being gone all the time for the pay. Eventually secured a cush office job, but only after 10 years in the field.
All that in addition to the national guard as a second job.
This post was edited on 4/22/26 at 11:56 am
Posted on 4/22/26 at 11:56 am to 777Tiger
Let me clarify, no one who got a sub 4 rate is selling unless they absolutely have to because of current rates. There's not as much upward mobility as there once was
Posted on 4/22/26 at 11:56 am to 777Tiger
There is no singular group intentionally “pulling up the ladder,” but there are multiple groups acting in their own interest in ways that collectively make upward mobility harder. Examples….
College degrees use to mean more and carry you farther, and the cost to obtain said degree was astronomically cheaper. Now they come a dime a dozen with huge financial cost.
Entry level roles were just that, entry level. Now even entry level jobs are asking for years of experience, or are being eliminated all together between offshoring and AI capabilities. Additionally, for those that make the entry level roles, companies are flatting out middle management, reducing the ability to move up. Lastly, those at the top are staying in their high earning roles far later than the generations before them, reducing the ability for individuals to move up into those roles.
For people who already own appreciating assets, they are benefitting from scarcity that wasn’t as much of a problem when they were acquiring those assets. Restrictive zoning and limited housing supply has increases property values, which has been compounded by the influx in immigration. Now and days, access to early-stage or high-growth opportunities is often limited to those who already have the capital. The stock market has been on a heater since the Great Recession. Even factoring in the COVID years. So while an individual’s cash flow may get tighter with accelerated inflation, their investments in the market have largely offset it. But for younger individuals who missed this window, they are struggling to get into the market due to the inflation squeeze, and the assets for purchase in the market cost way more than what they once were.
I’m sure there are plenty of other examples, but those are just a few
College degrees use to mean more and carry you farther, and the cost to obtain said degree was astronomically cheaper. Now they come a dime a dozen with huge financial cost.
Entry level roles were just that, entry level. Now even entry level jobs are asking for years of experience, or are being eliminated all together between offshoring and AI capabilities. Additionally, for those that make the entry level roles, companies are flatting out middle management, reducing the ability to move up. Lastly, those at the top are staying in their high earning roles far later than the generations before them, reducing the ability for individuals to move up into those roles.
For people who already own appreciating assets, they are benefitting from scarcity that wasn’t as much of a problem when they were acquiring those assets. Restrictive zoning and limited housing supply has increases property values, which has been compounded by the influx in immigration. Now and days, access to early-stage or high-growth opportunities is often limited to those who already have the capital. The stock market has been on a heater since the Great Recession. Even factoring in the COVID years. So while an individual’s cash flow may get tighter with accelerated inflation, their investments in the market have largely offset it. But for younger individuals who missed this window, they are struggling to get into the market due to the inflation squeeze, and the assets for purchase in the market cost way more than what they once were.
I’m sure there are plenty of other examples, but those are just a few
Posted on 4/22/26 at 12:04 pm to Bayou_Tiger_225
quote:
College degrees
my company still requires them for the entry level position in the department that I'm in
quote:
Entry level roles were just that, entry level. Now even entry level jobs are asking for years of experience,
experience is required, and even mandated by the gubment, but a first year guy can make up to $300k, and it shoots up considerably from there
quote:
those at the top are staying in their high earning roles far later than the generations before them,
we have a mandatory retirement age, but I can't see how they should be shamed for sucking off that teat as long as possible
quote:
For people who already own appreciating assets, they are benefitting from scarcity that wasn’t as much of a problem when they were acquiring those assets.
now we're entering the realm of capitalism, stock market investing was never meant to be short term, and when interest rates were reasonable, neither were CDs or savings accounts, a lot of you whippersnappers will eventually benefit greatly from this by way of inheritance
This post was edited on 4/22/26 at 12:12 pm
Posted on 4/22/26 at 12:16 pm to theunknownknight
Any adult making anywhere near minimum wage has failed themselves and the ones they support
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