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This has already been addressed by Elizabeth Warren in a presentation she did. It was caused by (youre going to love this) the duel earner household. We effectively doubled the workforce without doubling the consumer base (because households didn't double). This negatively affected wages over time and also drove up housing prices because families had more income and therefore the ability to bid higher on housing. Wages are now lower than they should be and many other factors have adversely affected those. Your best bet these days if you want to get ahead is...dun dun dun....marry the right person. If you are a lawyer and marry a doctor, youll still have that ideal Leave it to Beaver middle class lifestyle. If you are like the bulk of Americans youre screwed. The full effects of this haven't even been felt yet. Wait until us Millenials are in our 50's and have nothing saved up for retirement, youll see demand for government assistance programs shoot to a level beyond what the government can provide. That's when the S will hit the F.
This has already been addressed by Elizabeth Warren in a presentation she did. It was caused by (youre going to love this) the duel earner household. We effectively doubled the workforce without doubling the consumer base (because households didn't double). This negatively affected wages over time and also drove up housing prices because families had more income and therefore the ability to bid higher on housing. Wages are now lower than they should be and many other factors have adversely affected those. Your best bet these days if you want to get ahead is...dun dun dun....marry the right person. If you are a lawyer and marry a doctor, youll still have that ideal Leave it to Beaver middle class lifestyle. If you are like the bulk of Americans youre screwed. The full effects of this haven't even been felt yet. Wait until us Millenials are in our 50's and have nothing saved up for retirement, youll see demand for government assistance programs shoot to a level beyond what the government can provide. That's when the S will hit the F.
When the boomers retire/die in mass, there will be a huge labor shortage in the US. We have other issues too like IP address exhaustion, energy issues, which will create needed work.
The population is developed nations is imploding big time, fertility rates are down.
When the boomers retire/die in mass, there will be a huge labor shortage in the US. We have other issues too like IP address exhaustion, energy issues, which will create needed work.
The population is developed nations is imploding big time, fertility rates are down.
I think the millennials will do fine, eventually.
That labor shortage isn't being backfilled though. Companies are finding ways of doing more with less, outsourcing, offshoring, and blatant elimination of positions. Im seeing it right now in my company. We offered voluntary layoffs to specifically eliminate older employees, whose positions will be ELIMINATED.
We millenials aren't just griping undeservedly. Were trying to figure out how to have a lifestyle AT LEAST as good as our parents had, but at every turn we are being attacked.
That labor shortage isn't being backfilled though. Companies are finding ways of doing more with less, outsourcing, offshoring, and blatant elimination of positions. Im seeing it right now in my company. We offered voluntary layoffs to specifically eliminate older employees, whose positions will be ELIMINATED.
We millenials aren't just griping undeservedly. Were trying to figure out how to have a lifestyle AT LEAST as good as our parents had, but at every turn we are being attacked.
Typical, want want want. Try working, planning and postponing gratification for a change. Millennials aren't attacked, they are questioned about their entitlement attitudes. It seems Millennials want the lifestyle their parents have but aren't willing to work for it and instead want it from the start instead of after the work gets done. Tough.
I agree it's a huge problem that we are now confronting. I don't know where it all leads. I don't know what the answer is. A lot of folks seem to think there's nothing new under the sun, or that American exceptionalism will see us through, or that it's just the same old progress and generational grumbling and hitches. Or, they just don't care and want those dam n kids off their lawns.
I hate it for my brother who is 13 years younger than me, and for my niece and nephew. My plan is to get out before my job / career is sent elsewhere or able to be done by an AI. Retiring at age 50 (ten years).
Indeed.
I am finding the responses very interesting since in so many of these threads, when the "laziness," etc. of millennials is the starting point, the responses tend to be of the "when I was that age, I had my own house, was married, didn't need a college degree, etc."
Now, all of sudden everyone was poor and suffering?
Funny how circumstances change when faced with the truth of what is going on with the younger generation.
It's a shame, really, how quickly people are willing to pull the ladder up after them and completely forget the advantages they had due to the GI Bill, legacy factory jobs and other things back in the day.
So far every generation has figured life out, along come the millennials and suddenly life is a crisis. The problem is the handouts are drying up. No one gave your parents a living wage.
I am finding the responses very interesting since in so many of these threads, when the "laziness," etc. of millennials is the starting point, the responses tend to be of the "when I was that age, I had my own house, was married, didn't need a college degree, etc."
Now, all of sudden everyone was poor and suffering?
Funny how circumstances change when faced with the truth of what is going on with the younger generation.
It's a shame, really, how quickly people are willing to pull the ladder up after them and completely forget the advantages they had due to the GI Bill, legacy factory jobs and other things back in the day.
Now people can sit at a desk, bang on a keyboard and make 6 figures. Factory jobs? This is 2015, not 1960. People are pulling up the ladder behind them because the millennials think hanging on the ladder is the way to the easy life. Pull up the ladder? Used to be kids left home after high school or the latest college. Now the millennials live with their parents. Just who is pulling on the ladder?
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