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re: The Next Recession Will Destroy Millennials
Posted on 8/27/19 at 2:20 pm to SlowFlowPro
Posted on 8/27/19 at 2:20 pm to SlowFlowPro
quote:
so if you're in the professional class, your goal is not to have your kid go backwards
My point is that skilled trade is no longer “backwards” from professional.
I agree a degree was once a ticket to higher earning, but as we have diluted the value of a college degree and told several generations that a skilled trade career was “backward” from a professional career, that’s no longer the case.
We need to look at the data differently now than we have previously.
3
Posted on 8/27/19 at 2:22 pm to Turbeauxdog
For example, is block chain technology going to eliminate millions of finance degreed spreadsheet monkeys making 75k?
Probably.
Is there a technology that can replace a skilled electrician? Not that I’m aware of.
Probably.
Is there a technology that can replace a skilled electrician? Not that I’m aware of.
Posted on 8/27/19 at 2:22 pm to Turbeauxdog
quote:
My point is that skilled trade is no longer “backwards” from professional.
I agree a degree was once a ticket to higher earning
a. this isn't just about higher earning
b. the data simply doesn't back that up. at least no data that's been posted in this thread (and i directly asked OWS for some)
Posted on 8/27/19 at 2:26 pm to Turbeauxdog
Socially it is a massive step backward
You can pretend like that doesn’t matter but that’s on you
You don’t spend years becoming a professional and marrying/having kids with another educated person to raise a pipe fitter.
You can pretend like that doesn’t matter but that’s on you
You don’t spend years becoming a professional and marrying/having kids with another educated person to raise a pipe fitter.
Posted on 8/27/19 at 2:32 pm to SlowFlowPro
quote:
so if you're in the professional class, your goal is not to have your kid go backwards.
Social class perception is far more important in the South and East Coast than elsewhere.
Southerners are paranoid about it.
Posted on 8/27/19 at 3:03 pm to RogerTheShrubber
quote:
Social class perception is far more important in the South and East Coast than elsewhere.
i think the data on college-educated coupling is pretty universal across all the American (and, Western European) geography
and then the data on college-educated couples compared to everyone else shows major output differences. pretty much all pathologies decrease substantially for that grouping compared to all others
this isn't a Southern thing
Posted on 8/27/19 at 3:11 pm to SlowFlowPro
quote:
this isn't a Southern thing
Class culture is far bigger in the South and East.
Outside of that, it's upper class or bust.
Most parents are far more concerned with a child's independence and ability to support themselves well than class distinction. Success over attainment and class
If your kid decides to learn a business from the ground up and someday have his own which means a time spent doing manual labor, I doubt you would worry too much, in reality.
This post was edited on 8/27/19 at 3:28 pm
Posted on 8/27/19 at 3:30 pm to RogerTheShrubber
quote:
If your kid decides to learn a business from the ground up and someday have his own which means a time spent doing manual labor, I doubt you would worry too much, in reality.
to use your example, the odds of this happening are much higher if that kid has a stable, 2-parent household
that is MUCH more likely if both of his parents are married
that is MUCH more likely if both of his parents are...of the professional class
Posted on 8/27/19 at 3:37 pm to RogerTheShrubber
quote:
Most parents are far more concerned with a child's independence and ability to support themselves well than class distinction. Success over attainment and class
If your kid decides to learn a business from the ground up and someday have his own which means a time spent doing manual labor, I doubt you would worry too much, in reality.
Thing is, even non-professional businesses are being run by people with college degrees nowadays. My car gets serviced at a shop owned by a guy with an engineering degree. My favorite restaurant in town is run by college grads. It's not wasted talent either. Things have just gotten more sophisticated than they were years ago.
Everyone has a degree. It is a right of passage. It is proof that you aren't a total screw up because it's so accessible.
This post was edited on 8/27/19 at 3:41 pm
Posted on 8/27/19 at 3:37 pm to SlowFlowPro
Sure, those are probabilities. but if you're In a two parent housegphold and your child has a solid career plan that doesn't include a white collar profession, I don't think it would affect you much.
I'm discussing perception, you're dealing with probability of outcomes. Most children from stable homes will do very well for themselves regardless of trade/profession.
For kids growing up today, I think most of this will be irrelevant.
I'm discussing perception, you're dealing with probability of outcomes. Most children from stable homes will do very well for themselves regardless of trade/profession.
For kids growing up today, I think most of this will be irrelevant.
This post was edited on 8/27/19 at 3:40 pm
Posted on 8/27/19 at 3:46 pm to OleWarSkuleAlum
I’m 36 and will be fine. Unlike other “millennials” I’ve focused on paying off my debts and living well within my means. Currently i only have my wife’s car note and a house note.
Posted on 8/27/19 at 4:24 pm to NIH
quote:
NIH
Yep , you hate boomers because your dad abandoned you and your mom did a bad job !
Posted on 8/27/19 at 4:27 pm to 93and99
quote:
Yep , you hate boomers because your dad abandoned you and your mom did a bad job !
you're bad at this
Posted on 8/27/19 at 4:27 pm to SlowFlowPro
quote:
my dad was an abusive alcoholic who didn't pay child support and left my mom to raise 3 kids on a teacher's salary
Now I understand why you hate boomers.
Posted on 8/27/19 at 4:31 pm to SlowFlowPro
quote:
you're bad at this
No , you are bad at it.
No one owes you anything. You should have been taught that.
Posted on 8/27/19 at 4:32 pm to 93and99
so you think i hate my mom or something? 
Posted on 8/27/19 at 4:32 pm to 93and99
quote:
No one owes you anything.
you're very bad at this
Posted on 8/27/19 at 4:36 pm to Jumbo_Gumbo
quote:
I’m 36 and will be fine. Unlike other “millennials” I’ve focused on paying off my debts and living well within my means. Currently i only have my wife’s car note and a house note.
I think AI will wreak havoc on most professions. Not sure it will badly affect older millennials but will the younger.
Posted on 8/27/19 at 4:44 pm to OleWarSkuleAlum
Millennials are so coddled and protected they don't know what difficulty is. They have to invent their own. When actual hardship comes around, some will wake up but the vast majority will cry for help.
Posted on 8/27/19 at 4:46 pm to SoulGlo
quote:
Millennials are so coddled and protected they don't know what difficulty is.
It's a societal failure. Not just their fault. They were coddled.
We made a huge jump in quality of life in the 80s and 90s.
This post was edited on 8/27/19 at 4:53 pm
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