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re: I reject the idea that young adults/millennials “have it harder” than boomers at that age
Posted on 3/30/19 at 12:33 pm to deltaland
Posted on 3/30/19 at 12:33 pm to deltaland
quote:
Boomers had a vibrant manufacturing economy that offered middle class jobs with nothing but a high school degree. People working there could afford a nice home and car without a college degree.
Not in the South. You had to leave the area and go up North in order to participate.
The "nice homes and cars" were things you wouldn't live in today.
On the back end of boomerhood, you had endless recessions, high interest, low employment and inflation. Those jobs were dying.
1
Posted on 3/30/19 at 12:35 pm to Themole
quote:Troof! Millenials probably think “three on the tree” is a sexual position.
Was enough to cover the 1/4 sufficiently in those days.
Posted on 3/30/19 at 12:37 pm to HailHailtoMichigan!
quote:
I happen to reject the idea that is most convenient for me to reject
Posted on 3/30/19 at 12:40 pm to Clames
quote:
...unlike your misguided belief, still do not require degrees. Welding, plumbing, electrical, HVAC/mechanical, flooring, carpentry...you clueless kids have no idea how much demand there is for work in skilled labor right now and it never stagnates if you always look for work to do. You saddle yourselves with debt because you chose dead-end fields that are easily commoditized instead of working some calluses into your hands.
This. All day.
Last actual job that I had, they would send me helpers that had absolutely no interest in learning what was going on. Just stand around looking at their phone and fetching something now and then.
Opportunity to learn a pretty good paying trade, but they had no interest.
Posted on 3/30/19 at 12:42 pm to kingbob
quote:Probably. You need to decide if you want to be a small fish ina big pond, or a big fish in a small pond.
What I was getting at is that the few places where entry level jobs allegedly exist (NYC, DC, SF, L.A., Denver, Austin, Portland, Seattle, Nashville) are all so expensive to live anywhere near
It’s sometime easier to get hire instead a small market because the pool is smaller. Might have to wait it out longer, tho.
quote:Like anything else, you have to do the math and see if those “losses” are with it. If you’re in a better place in a few years - they aren’t losses but investments. It’s a calculated risk.
you almost have to take a loss for a few years to move there and start those jobs.
My business “lost” money for years. Quotes needed because I haven’t lost a dime from it. And I’m getting ready to “lose” some more money.
Again I must be doing this wrong. I’m finding all kinds of opportunity.
quote:Yeah. Work-for-hire is old thinking. You should be looking for ways to not be dependent on the traditional (frankly outdated) way of making income.
Either way, on every job, I’m not competing with a dozen applicants, but hundreds and hundreds for every job, and most are much more “diverse”.
This post was edited on 3/30/19 at 12:45 pm
Posted on 3/30/19 at 12:43 pm to HailHailtoMichigan!
Wages are not keeping up with the cost of inflation.
Posted on 3/30/19 at 12:46 pm to auggie
quote:The best thing about those jobs it you can’t outsource them to India. No phone rep is going to fix your water leak.
Opportunity to learn a pretty good paying trade, but they had no interest.
Posted on 3/30/19 at 12:47 pm to GeauxPhillies26
quote:
Wages are not keeping up with the cost of inflation.
Wages in the Cush jobs with a/c and no manual labor aren’t keeping up with inflation. Skilled trades are paying very well.
Posted on 3/30/19 at 12:47 pm to Taxing Authority
quote:
Absolutely. If you want to use CDs and Savings accounts to earns return on your money today... it’s going to be hard as hell.
Housing is the big one. It served as the main vehicle for wealth building for Boomers and older Xers, and the entry costs - like for like, even on a per square foot basis - are much higher in real terms than they used to be.
quote:
Sure some things are indeed harder. But that’s only half he equation. Most things are far easier. And opportunities far greater.
Some things are easier, not most things.
quote:
The idea that a HS graduate of my dads generaltion (that many didn’t even have electricity for pat of their childhoods) had more opportunity or an easier road than anyone alive today is... silly.
Considering Millennials are tracking to have lower lifetime earnings and wealth accumulation, I think it's fair to say that most Millennials' economic opportunity isn't as good as their parents' was. That's not a cultural issue or a personality thing; that's a macro systemic problem. Our entire system is designed to boost the economic well-being of Boomers - look at Medicare and Social Security and state pension inlays vs. outlays over the course of their lives - and has been for a very long time.
If you're educated and live in a large metro area, your opportunities are pretty good - as good or better than your parents. Overall, though, and considering every class of education and income, I don't think that's the case on average.
This post was edited on 3/30/19 at 12:59 pm
Posted on 3/30/19 at 12:49 pm to GeorgeTheGreek
Coming from the guy who thinks smartphones are a necessity.
Posted on 3/30/19 at 12:49 pm to GeauxPhillies26
That is untrue.
Posted on 3/30/19 at 12:49 pm to kingbob
quote:My other advice... don’t waste your time with these folks. In every comrporate environment I worked in it was the supervisors, engineers etc telling HR who to hire, not the other way around. Want to get hired? You should be talking to those people.
Try telling that to idiotic hr departments.
They’ve never been easier to connect with than now.
I get cold resumes/calls from time to time. Even though we aren’t hiring. I keep every one. And if we hire they get called before we advertise. They found me so I know they are determined and resourceful. The kinda people I want to hire
This post was edited on 3/30/19 at 12:52 pm
Posted on 3/30/19 at 12:50 pm to HailHailtoMichigan!
It takes time. Every generation looks at their parents and sees where they are at and they think they will never get there, but eventually they are the parents. Even on a modest income, if you don’t overspend and make bad financial decisions you will look pretty well off in your 50s. Wealth is accumulated over a lifetime for most people.
Posted on 3/30/19 at 12:51 pm to GeorgeTheGreek
quote:
Let’s also add in, the very common, 1-2 year unpaid internships on top of that. Sky rocketing cost of vehicles too.
Lol at both of these. Those millennials aren't forced to accept 2 year unpaid internships. If someone offers you a shite deal you walk away.
As for cars, maybe those kiddos don't get a brand new car. I am 40 years old and have never owned a car that was less than 5 years old at my time of purchase. But, know what? I have a few dollars socked away and am doing pretty well. I could get you a car with every modern convenience and less than 80k miles for under $6 grand. I could get you one with all that, that's a luxury brand for well under $10k.
Posted on 3/30/19 at 12:53 pm to Taxing Authority
You can’t start a business without capital and runway to absorb losing money for a while. I can’t build up that capital and runway without working. It is like a snake eating its tail. I can’t find a job working for others, so I should go into business for myself, but I can’t afford to start my own business because I have no money. To get money to save up for starting my own business, I need to get a job working for someone else, but I can’t get a job working for someone else without already having five years experience...You see where this is going. I have no savings and live paycheck to paycheck because I only could land a part time job, and that’s about all it will pay for.
What I would do with a little capital is invest in income properties. I would buy worn down duplexes and fix them up, live in one side and rent the other. I would buy rental properties and slumlord them until I have enough passive income to afford to take other risks. However, I don’t have a couple hundred thousand dollars to spare, so I can’t do that anytime soon without overextending myself financially.
What I would do with a little capital is invest in income properties. I would buy worn down duplexes and fix them up, live in one side and rent the other. I would buy rental properties and slumlord them until I have enough passive income to afford to take other risks. However, I don’t have a couple hundred thousand dollars to spare, so I can’t do that anytime soon without overextending myself financially.
This post was edited on 3/30/19 at 12:59 pm
Posted on 3/30/19 at 12:54 pm to AUTiger1978
quote:They kinda are to be competitive. But he previous generation did them too. They got their basic experiences while working while going to school. Today’s kids just take out loans and only go to class. They graduate with no relevant work history. Though that’s a choice.
Those millennials aren't forced to accept 2 year unpaid internships.
quote:If they had this skill most wouldn’t be in college in the first place.
If someone offers you a shite deal you walk away.
This post was edited on 3/30/19 at 12:56 pm
Posted on 3/30/19 at 12:55 pm to Taxing Authority
Troof! Millenials probably think “three on the tree” is a sexual position.
Posted on 3/30/19 at 12:55 pm to kingbob
quote:
You can’t start a business without capital and runway to absorb losing money for a while. I can’t build up that capital and runway without working. It is like a snake eating its tail. I can’t find a job working for others, so I should go into business for myself, but I can’t afford to start my own business because I have no money. To get money to save up for starting my own business, I need to get a job working for someone else...You see where this is going. I have no savings and live paycheck to paycheck because I only could land a part time job, and that’s about all it will pay for.
There are ways to do it without bootstrapping, but you'd need to be clever and have a good idea (and be able to sell it well).
Posted on 3/30/19 at 12:56 pm to Taxing Authority
Often, your choice is a shite deal or no deal at all.
Posted on 3/30/19 at 12:59 pm to HailHailtoMichigan!
quote:
HailHailtoMichigan
My god you're a piece of shite
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