- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Next Recession Will Destroy Millennials
Posted on 8/27/19 at 12:33 pm to TopFlightSecurity
Posted on 8/27/19 at 12:33 pm to TopFlightSecurity
this is correct.
What's funny is there are so many old people advocating for a rate cut. As you grow older ideally you need to reduce risk in your investments and move towards a saver. Lowering interest rates hurts savers. They are too stupid to realize this.
They are F***ed.
What's funny is there are so many old people advocating for a rate cut. As you grow older ideally you need to reduce risk in your investments and move towards a saver. Lowering interest rates hurts savers. They are too stupid to realize this.
They are F***ed.
Posted on 8/27/19 at 12:33 pm to SlowFlowPro
quote:
Boomers will be retiring
Or dying.
Posted on 8/27/19 at 12:35 pm to The Maj
quote:
You used the term "devolve" earlier, as if "if Jr doesn't get a professional degree, he is less"... So, yeah you are...
go re-read that sentence again
quote:
Why doesn't you graph include trade degrees or trade school or certification completion? Did I just miss it?
they're in the "high school diploma" portion of the graph
Posted on 8/27/19 at 12:36 pm to SlowFlowPro
quote:
they're in the "high school diploma" portion of the graph
Oh, wow, so lets lump it all together on that level and it is correct...
I was incorrect in calling you a dumbass earlier, you sir are a fricking idiot...
Posted on 8/27/19 at 12:40 pm to The Maj
quote:
Oh, wow, so lets lump it all together on that level and it is correct...
I was incorrect in calling you a dumbass earlier, you sir are a fricking idiot...
i did a cursory google search and couldn't find that data readily available but if you want to go find it i'd love to see it
Posted on 8/27/19 at 12:47 pm to SlowFlowPro
I don’t think that graph is particularly useful as it doesn’t split non skilled hs diploma from skilled
Posted on 8/27/19 at 12:49 pm to Turbeauxdog
The average (I know not median), skilled trade makes just below 50 based on a quick search, add in a wife making in the 30s and the household income gets into the 80s which is on par with a bachelors.
Point being, college educated parents raising skilled trade children is not a degradation in family achievement.
Point being, college educated parents raising skilled trade children is not a degradation in family achievement.
This post was edited on 8/27/19 at 12:51 pm
Posted on 8/27/19 at 12:53 pm to Turbeauxdog
Also, I’m a very young gen x and don’t have a dog in this millennial/boomer battle.
Gen x is obviously superior to all.
Gen x is obviously superior to all.
Posted on 8/27/19 at 12:55 pm to 93and99
How fat are you? I can hear you wheezing from here
This post was edited on 8/27/19 at 12:56 pm
Posted on 8/27/19 at 1:11 pm to BigJim
The problem with that argument is that the poorest groups today are not experiencing upward mobility anywhere near the same extent that even upper income groups had 50 years ago. If it were merely a question of diminishing returns, our lowest income quintiles should be experiencing significant upward mobility. That’s not happening; something more is going on.
Diminishing returns may account for some portion of the mobility decline, but not close to all of it. Automation and globalization are both much larger culprits.
And whatever the cause, it doesn’t change the reality that younger generations today simply don’t have the same opportunity for advancement that previous generations have had. So all this “I worked hard and advanced so everyone today should also be able to” nonsense is badly missing the mark. The opportunities flat out aren’t the same. If we keep ignoring that, we’ll keep pushing the younger generations right into the waiting arms of the paternalistic nanny state.
Diminishing returns may account for some portion of the mobility decline, but not close to all of it. Automation and globalization are both much larger culprits.
And whatever the cause, it doesn’t change the reality that younger generations today simply don’t have the same opportunity for advancement that previous generations have had. So all this “I worked hard and advanced so everyone today should also be able to” nonsense is badly missing the mark. The opportunities flat out aren’t the same. If we keep ignoring that, we’ll keep pushing the younger generations right into the waiting arms of the paternalistic nanny state.
Posted on 8/27/19 at 1:28 pm to SlowFlowPro
quote:
well if we're trying to have generations surpass the previous one, why would professional class parents be raising their kids to devolve? it sounds harsh but it's a serious question, especially in the richest country in the world whose economy is largely based around much more advanced economic output
Is your dad the snooty arse country club type ?
Posted on 8/27/19 at 1:35 pm to NIH
quote:
How fat are you? I can hear you wheezing from here
Did it suck growing up without a dad ?
Posted on 8/27/19 at 1:38 pm to HailHailtoMichigan!
I’ve got no problem admitting that I’m not smart enough to come up with one. It’s too large of a problem for me.
But I do know a few things that won’t help us come up with that solution. Chief among them, simply admonishing younger generations for being less successful at finding reliable work. That won’t suddenly change reality.
I know this board will be about as receptive to this as a vampire is receiving a cross, but the solution probably needs to be a government driven one. My best current best guess for a solution is some type of tax on urban America where the proceeds go to facilitate private company partnerships and investments in rural America. The groups being left behind most quickly are in the provinces, so we’ve got to find a way to reengage those areas into the 21st century economy.
But even the perfect version of that scheme doesn’t work unless we fix the growing moral and ethical problems sweeping through our country. The best discussion of the problems and proposal for some of the starting points for a solution that I’ve seen were presented by Paul Collier in The Future of Capitalism. Highly recommended for everyone.
But I do know a few things that won’t help us come up with that solution. Chief among them, simply admonishing younger generations for being less successful at finding reliable work. That won’t suddenly change reality.
I know this board will be about as receptive to this as a vampire is receiving a cross, but the solution probably needs to be a government driven one. My best current best guess for a solution is some type of tax on urban America where the proceeds go to facilitate private company partnerships and investments in rural America. The groups being left behind most quickly are in the provinces, so we’ve got to find a way to reengage those areas into the 21st century economy.
But even the perfect version of that scheme doesn’t work unless we fix the growing moral and ethical problems sweeping through our country. The best discussion of the problems and proposal for some of the starting points for a solution that I’ve seen were presented by Paul Collier in The Future of Capitalism. Highly recommended for everyone.
This post was edited on 8/27/19 at 1:42 pm
Posted on 8/27/19 at 1:55 pm to OleWarSkuleAlum
Im 33 and securely in the Middle Class, by 35, I should be Upper Middle.
Just face it, some folks just don't have the guts.
Just face it, some folks just don't have the guts.
Posted on 8/27/19 at 1:58 pm to 93and99
quote:
Is your dad the snooty arse country club type
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
Posted on 8/27/19 at 2:00 pm to 93and99
I’ll take it you’re obese from that non-response
Posted on 8/27/19 at 2:00 pm to SlowFlowPro
These threads just bring out redneck class envy
Posted on 8/27/19 at 2:14 pm to NIH
i don't have anything against labor, esp skilled labor. one reason i get along so well in LC is that i enjoy the lack of pretentiousness in a population built on non-professional employment. this strawman that i'm mocking them is just crazy talk
the fact is, especially within this sort of discussion, that we as Americans want to raise our kids to be in a better place an higher station than we are. so if you're in the professional class, your goal is not to have your kid go backwards. that is not an insult to the working class and your kid isn't a failure if that happens. however, on the macro level, this is an economic disaster (and millenials are the first generation to face this and we may be the only ones to face this until the literal collapse of the USA)
the fact is, especially within this sort of discussion, that we as Americans want to raise our kids to be in a better place an higher station than we are. so if you're in the professional class, your goal is not to have your kid go backwards. that is not an insult to the working class and your kid isn't a failure if that happens. however, on the macro level, this is an economic disaster (and millenials are the first generation to face this and we may be the only ones to face this until the literal collapse of the USA)
Popular
Back to top



0







