re: The High Cost of a Home Is Turning American Millennials Into the New Serfs

I am a "millennial" who owns a small healthcare business. I employ 14 people, about 2/3 millennial and 1/3 "boomers." The boomers complain about the dumbest shite and act like they are above doing the little things. I have much less trouble with my millennial employees who have half the experience.

That's because their parents have done everything for them. Their parents want to give them the life they didn't have, which isn't a good thing if it isn't done right. When I was in high school, it seems like most people drove old cars and was just happy to have something to get them from point A to point B.. These kids get brand new cars and don't want to drive something "embarrassing".

You know what needs to happen? Once everyone graduates from HS (if they drop out, then when they turn 18), there needs to be some type of two year life training they have to attend. When they leave home to go to this, they do not get to take anything with them except whatever clothes they are wearing. for about a month they do a boot camp type thing then they are put in situations in which they have to figure how to get out of, etc.. Basically get the pussy out of them.

As a 31 year old Millennial I cannot implore now more than ever to pick your partner in life wisely.

We are now in a 2+ household income environment.

Marry up or equal and for fricks sake do not knock up some broke arse brawd and be stuck.

Make your household income range target around 125-150k and you are golden man.

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I know that I was a bit of an outlier with the long wait to get a job, but I think that STEM = easy to get a great paying job is overblown.

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You are an outlier and wrong at the same time.

I had a job offer before I walked across the stage in the spring of 2015. After bonus this year ill pull in over 80k.

BSEE, Telecom Industry.

Almost all my classmates who graduated had a job offer before graduation or a month after.

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Most of them want to start moving up the corporate ladder - but they are blocked by the 55 and 60 year olds who just realized they need to start saving for retirement.

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and as a manager of one of these said 55 year old, I am secretly happy that this has occurred. I get a 30 year experienced employee for just a higher cost compared to a new hire with zero experience.

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I had a job offer before I walked across the stage in the spring of 2015. After bonus this year ill pull in over 80k.

BSEE, Telecom Industry.

Almost all my classmates who graduated had a job offer before graduation or a month after.

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To be fair.. 2015-Now has had a pretty decent job market.

Nothing at all like the shitshow we saw for the half dozen years before

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Meh. I graduated in EE in May '15. Started looking for jobs 3 or 4 months prior. Didn't start an engineering job until January 16. Applied to tons of jobs all over the southeast/midwest and had a good GPA. And I don't make great money. It will probably take me a about a decade before my salary hits 6 figures.

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Well, no offense, but anecdotal evidence is bs.

I have 5 close friends, 3 of which (including me) graduated in CM. One makes 80k 3 years out. I started at 60 and 3 months in am now making 65k. The other graduates this fall and already signed an offer letter starting at 57.5k.

2 buddies in engineering, one in MECH, and the other in EE.
The mechanical guy is doing the worst out of all of us. It took him 2 months after graduation to find a gig and 2 years in he's at 70k.
The EE just graduated and started at 28/hr on his tools with the same company he interned with thru 2 years of school.
My last buddy graduated 2 years ago and hasn't been able to keep a job. He's now on job #3 after getting popped for a failed piss test at his first job, and walking out on his 2nd job after getting into it with his boss. He is definitely the one with issues out the group.

My point being, if you graduate from the engineering college at LSU, unless you had 0 internship or drug issues, it's probably you, not the job market.

50 Tiger, will you trench in some fiber in Charlotte for me next week? I need some 2in stuck and strung inside too.

3-4 months before graduation is also wayyyyyyyy too late to start looking if you're expecting to have options. The top tier kids start getting plucked up in the fall semester of senior year.

There is no replacement for time in the market.

Bunch of old dickbags in here who think millenials are just lazy.

What they don't understand is after college you don't just roll into decent full time jobs. Now you roll into a couple of years of unpaid internships while repaying the grossly high college debts. You're starting underneath water instead of even just treading it.

Then when you actually make full time money everything else is way more expensive and the cost of living has outpaced the paychecks.

Not to mention its harder now to build credit because all of our baby boomer parents scared off the banks with their inability to pay off their debts.

Did i mention how more jobs are going the way of the machine, increasing competition and making it more difficult to find and keep jobs than it use to be.

I have a fantastic job so I'm lucky. But I understand the struggles.