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re: Minimum wage in the 1970s would be the equivalent of making almost $56,000 a year now
Posted on 4/23/26 at 11:23 am to Techdave
Posted on 4/23/26 at 11:23 am to Techdave
I’m not considering affordability just in BR, I’m considering home affordability as a whole across America. And in my opinion, you have to in this conversation because home prices in New York, California, Illinois, etc end up driving home prices in many of the “cheaper” states.
We’ve seen this over the past 10-15 years. Cities that were once affordable are no longer affordable because people are moving across the country to those “lower cost” areas, thereby making them no longer affordable. Nashville, Dallas, Houston, Boise, Las Vegas, Phoenix, Austin, and Charlotte are some great examples.
Yes you could sit there and say how Louisiana has been “shielded” from this, but in my opinion that says more about what the state of Louisiana is lacking than anything else. I’m not trying to shite in Louisiana too bad, but I mean you can’t use that as your driving example and not acknowledge that Louisiana constantly ranks towards the bottom or last in the major state ranks (economy, health, education, safety)
We’ve seen this over the past 10-15 years. Cities that were once affordable are no longer affordable because people are moving across the country to those “lower cost” areas, thereby making them no longer affordable. Nashville, Dallas, Houston, Boise, Las Vegas, Phoenix, Austin, and Charlotte are some great examples.
Yes you could sit there and say how Louisiana has been “shielded” from this, but in my opinion that says more about what the state of Louisiana is lacking than anything else. I’m not trying to shite in Louisiana too bad, but I mean you can’t use that as your driving example and not acknowledge that Louisiana constantly ranks towards the bottom or last in the major state ranks (economy, health, education, safety)
2
Posted on 4/23/26 at 11:39 am to Bacon84
quote:
It would cost more, and I make more
How much more would it cost?
And you did a lot of the work yourself but don’t know $/sq ft ? Cmon
Posted on 4/23/26 at 11:45 am to Scruffy
quote:
I am considering the overall nationwide social and political impact of this.
This issue is not just one with local impacts. I don’t even live in LA anymore.
Younger generations not being able to obtain what we consider the American Dream will ultimately result in them rejecting it.
The impact of poor economic situations and a feeling of separation from our capitalist system will have dire consequences.
If they aren’t part of or feel as if they can take part in our system, they will have zero issues throwing it away for a more socialist one to all of our detriment.
I believe it is very important to take in the whole picture, and, IMO, it is why the statements of “suck it up” by older generations is detrimental.
Housing is just one part of the picture. The same thing goes for things like retirement and 401k. If the younger generations cannot afford to see aside money for retirement/401k, why would they oppose raiding mine or yours?
Ok I'll play along,
I believe in American Dream as well, and I want younger generations to believe in the same things that I do.
So as a general statement: I absolutely believe that every generation in recent history has been handed things to them from previous generations. Previous generations had it worse than I did, I know that. You can't convince me that the newest generation has it any harder than me or generations before me.
Now....If we are narrowing that down to specifically home buying, then I can maybe side with you. But their lives as a whole being harder? Hell no.
And I think that is where most of us arguing have the problem. When a 20 something says they have something harder than a previous generation.... those of us in that previous generation stop and say "bullshite!" Because we are well aware of advantages they have, that we never got.
If I'm assuming too much, and this is specific to home buying then maybe I can be a little more open minded.
This post was edited on 4/23/26 at 11:52 am
Posted on 4/23/26 at 11:59 am to Techdave
quote:I am 37.
And I think that is where most of us arguing have the problem. When a 20 something says they have something harder than a previous generation.... those of us in that previous generation stop and say "bullshite!" Because we are well aware of advantages they have, that we never got.
What advantages do the younger generations have that I didn’t?
Tuition at LSU has doubled since I was there.
Rent has probably doubled. The last apt I had was in MS pre-Covid and it was ~$1k with cable, water, and trash included.
The job market is abysmal.
I am trying to see what advantages they have over even what I had.
And again, I live in a two physician household. These issues don’t affect me like others.
This post was edited on 4/23/26 at 12:04 pm
Posted on 4/23/26 at 12:06 pm to Scruffy
quote:
What advantages do the younger generations have that I didn’t? Tuition at LSU has doubled since I was there. Rent has probably doubled. The job market is abysmal. I am trying to see what advantages they have over even what I had. And again, I live in a two physician household. These issues don’t affect me like others.
They got a year of their childhood/ hs / college stolen from them by insane people
They have millions of illegals and H1Bs flooding this country driving up prices/crime/etc
Everytime congress passes a budget bill more of their tax money gets stolen to fund boomer luxury communism
Posted on 4/23/26 at 12:09 pm to Techdave
quote:
Get a better degree or trade, save your money, don't spend on stupid shite, build equity in a smaller house then upgrade to a larger one.
There, I solved this problem.
Shut up boomer! If I don't have my food delivered to me I can't eat and I need all of those subscriptions so I can be entertained.
Millennial and Gen Z, probably. No more like definitely.
Posted on 4/23/26 at 12:12 pm to Midtiger farm
quote:Other great ones too.
They got a year of their childhood/ hs / college stolen from them by insane people
They have millions of illegals and H1Bs flooding this country driving up prices/crime/etc
Every time congress passes a budget bill more of their tax money gets stolen to fund boomer luxury communism
What are these advantages?
Posted on 4/23/26 at 12:38 pm to Scruffy
quote:
What are these advantages?
I haven't been in this thread arguing either point and I certainly think housing is too high, but they have some advantages. Certainly not everything is harder for them.
- School is more costly but there are wider opportunities now and higher attainable education than previous generations. More jobs that are less physically demanding on your body out of college too.
- Younger generations have the benefit of growing up in a society that actually cares about you mentally and not everything is "suck it up pussy". My dad was a "suck it up" guy and it worked for me but nothing wrong with a generation that cares about mental health.
- More options for remote work instead of a traditional 9 to 5.
- Healthy food option/healthier lifestyle is becoming more and more available.
- Benefits of growing up in a tech world that opens up way more options for learning and expanding your general knowledge. Also lends itself to more inovative thinking.
- Women are certainly seeing pay benefits with more pay equity and a better workplace enviroment where they don't have every guy in the office grabbing their arse and laughing or making their boss requiring them to suck their dick to move up in the company
Just some stuff off the top of my head. I'm a millennial but I'd be curious on a Gen Z's opinion.
Posted on 4/23/26 at 12:47 pm to iwyLSUiwy
quote:
School is more costly but there are wider opportunities now and higher attainable education than previous generations. More jobs that are less physically demanding on your body out of college too
This is about equal for Gen Z and millennials- so no advantage for Gen Z
Posted on 4/23/26 at 12:54 pm to iwyLSUiwy
quote:Compared to which generations? I would say it is pretty comparable to Millennials and X.
School is more costly but there are wider opportunities now and higher attainable education than previous generations.
quote:Compared to boomers, absolutely.
More jobs that are less physically demanding on your body out of college too
IMO, they have the same advantages I did but with double the cost.
quote:I guess, although their suicidal trends have been pretty terrible.
Younger generations have the benefit of growing up in a society that actually cares about you mentally and not everything is "suck it up pussy". My dad was a "suck it up" guy and it worked for me but nothing wrong with a generation that cares about mental health.
Gen Z is higher than previous generations.
quote:Sure, but that increase is now shrinking.
More options for remote work instead of a traditional 9 to 5.
quote:Sure.
Healthy food option/healthier lifestyle is becoming more and more available.
quote:I would contend that tech has had a much more detrimental effect on the younger generations socially and psychologically than any of the benefits they have gained.
Benefits of growing up in a tech world that opens up way more options for learning and expanding your general knowledge. Also lends itself to more inovative thinking.
I am pretty much on par with the majority of Gen Z when it comes to tech, but I also got to experience life without it.
That is an advantage that us millennials have.
quote:Sure, I guess.
Women are certainly seeing pay benefits with more pay equity and a better workplace enviroment where they don't have every guy in the office grabbing their arse and laughing or making their boss requiring them to suck their dick to move up in the company
This post was edited on 4/23/26 at 12:55 pm
Posted on 4/23/26 at 12:56 pm to Scruffy
quote:
What advantages do the younger generations have that I didn’t?
Well, if you are going to use price increases on one side of your argument you have to consider wage increases from the other side of the argument. Which I wasn't even going to talk about unless you want to get into all the details of salary increases over time?
You mention abysmal job market but the current unemployment rate is falls right in line with historical norms.
Let's go down the list of advantages present in society today, that older generations did not have or were not as widespread.
-Internet sure makes things a hell of a lot easier for communicating, business, etc. The internet basically didn't exist until late 90s. Since we are on that topic, computers/smart phones as well. Email is a big one by itself.
-Advances in healthcare as I'm sure you are aware
-Much more reliable infrastructure, roads, power grid, telecommunications all make life easier
-Ease of global travel
-Violent crime has been on a downslope since 1990
I could really go on for hours. All I really need you to acknowledge is that all of that leads to advantages and we can move back to the original topic.
Posted on 4/23/26 at 1:05 pm to theunknownknight
Boomers have had it so good.
Posted on 4/23/26 at 1:10 pm to Bayou_Tiger_225
quote:
Cities that were once affordable are no longer affordable because people are moving across the country to those “lower cost” areas, thereby making them no longer affordable.
Las Vegas,
are some great examples.
I was there this weekend and drove around the entire town.
The crazy thing about Vegas was the layout. It's commercial center is mainly the strip which mainly visitors and workers downtown. Other commercial office space is spreadout thoughout the city with wide streets interconnecting the city with a loop and one main interstate going north south. It is easy to get around.
The other thing that struck me about the layout was how, you go from subdivisions or apartment complexes to desert and no development. I drove up the I-11 corridor from Hoover Dam to north of the city and while nice, it felt like I hit the end of civilization when the houses stopped.
Posted on 4/23/26 at 1:20 pm to theunknownknight
This is distorted by only comparing to home prices. The inflation adjustment factor using FRED PCE data ( FRED PCE) is about 6.3 (~130 in Mar 2026 divided by ~21 in Dec 1971). (We could debate all year about the proper inflation adjustment factor.)
Today's equivalent minimum wage using FRED PCE data is 6.3 x $1.60/hr = $10.10/hr.
Today's equivalent minimum wage using FRED PCE data is 6.3 x $1.60/hr = $10.10/hr.
Posted on 4/23/26 at 1:26 pm to 777Tiger
Blaming a generation is foolish. Which of us voted for our government to continually spend more than it took in? A large portion of the public continues to vote for free stuff and the ultimate burden lands on the people who are working hard trying to get a better life. Yes things are worse now than 50 years ago but we have to get mad at the right people. Not people who are a lot like you but at those we subsidize who give little back.
Posted on 4/23/26 at 1:34 pm to Scruffy
quote:
Compared to which generations? I would say it is pretty comparable to Millennials and X.
Obviously it's not going to be drastic with crossover generation like Millennials and Gen Z. But the difference in Gen Z and X is pretty significant and even more so comparing Z and boomers.
quote:
Compared to boomers, absolutely.
quote:
I guess
quote:
Sure,
quote:
Sure
quote:
I would contend that tech has had a much more detrimental effect on the younger generations socially and psychologically than any of the benefits they have gained.
Yea, fair to say there are benefits and drawbacks.
quote:
Sure
So there are some benefits, and that's just a dummy like me brainstorming. I'm sure someone else could come up with more.
Affordability is a huge downfall though for Gen Z though unfortunately. Though I do have some thoughts on housing too.
Posted on 4/23/26 at 1:50 pm to Bacon84
quote:
It’s not just the square footage, it’s the finishings.
The marble countertops, the up graded fixtures, more expensive bathrooms CENTRAL AIR, etc.
This is true to an extent.
However, my parents' 3BR/2Ba brick ranch style home built in the 1960s has custom stained pine paneling and real oak floors throughout the entire house. It has a pine ceiling in the family room, custom pine kitchen cabinets, 8'X12' solid glass sliding doors to the back patio. These are now high end luxury features.
A lot of those houses with marble countertops, the up graded fixtures, more expensive bathrooms etc are all sheetrock and many don't even have real wood floors and doors.
Posted on 4/23/26 at 1:54 pm to theunknownknight
quote:
The median home price = $420,000
You sure? Source?
Posted on 4/23/26 at 3:19 pm to Techdave
quote:
reliable infrastructure, roads, power grid,
maybe compared to the silent generation
Our country's infrastructure is shite compared to the money our govt has
Posted on 4/23/26 at 3:22 pm to dinosaur
quote:
Which of us voted for our government to continually spend more than it took in?
Boomers have been in power a long time so I'd say all those who voted for these people who have ran the country down the drain while enriching themselves
Literally you could reform ss and medicare tomorrow and fix lots of budget problems but we all see who cries every time its brough up
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