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Most of those working age people not employed are unemployed because many are no longer employable by todays standards. Many do not want to work either. As they are working off the books but show up as unemployed statistically.
They can't pass drug testing ,background checks , credit checks and even simple math tests required to even be considered for anything but a low paying mom and pop store job
Yeah, I agree with all of that. My point was it adds up to a serious social problem.
My late husband worked for the oil refinery in Philadelphia. One of the few remaining jobs where all you need was a H.S. diploma and the pay started out at 47K plus great benefits. many of the guys/gals made over 70K with shift differential and holiday pay. since refinaries run 24/7 all year, everyone works rotating shift.
I asked him once why if they were only hiring 60 operators would they have to interview about 600 people. seemed cruel to me. He said because 90% would be weeded out (no pun intended) 'cause they could not pass the drug test.
My old company has been hiring for years. Unless they are stealing best of breed employees from competitors many of those unemployed are unemployed for a reason. We are down to the bottom of the barrel .
MANY WERE CLEANESED OUT IN THE GREAT RECESSION. they are those marginal employees no one wants .
Yeah, I agree with all of that. My point was it adds up to a serious social problem.
The drug usage ,especially pills and coke are out of control by potential emloyees of all ages and levels. The company has an old style biilboard out front advertising for help on all levels besides all the employment sites .
The hired a few hundred and had to weed through a few thousand
Dude you are 26. you are full of crap. If you don't have a house it's because you don't want one.
You have a computer just like me. go on zillow, realtor, redfin etc. find a starter house and purchase it. there were house you could afford. NO they were not the biggest or the best, bunch of foreclosures.
You are the POSTER BOY of the millennial sterotype and the sad thing is you have more means than many truly poor folks.
you've got 4 pages on this thread with advice on how to move out of your mama's house.
talk to the hand.
Actually, he probably really can't afford a house in the Bay Area if a good chunk of that money is in retirment plans such as 401ks.
However, it's not like his situation is soooo freaking unique. The vast majority of other 26 year olds in the Bay Area don't own their own homes/condos either...and the vast majority of them don't have 180k put away, even if living with their parents (to Perma's credit, at least he saves serious $$). Heck, most people in the Bay Area of any age. can't afford to buy a place here, let alone people in their 20s. My doctor friend is 48 and only owns a studio condo (admittedly a somewhat swanky studio in SF, but a studio nonetheless, with no parking space, I might add)
If he saves $3000 a month and gets a fairly conservative 6% return on investment, he'll have $391k in 4 years. If he saves $4000 a month, at 6% he'll have $446k at 30. Millennial whiner stereotype? Indeed.
Technically, the dollar bill (federal reserve note) is not a dollar, but an IOU denominated in dollars.
A unit dollar, pursuant to the Coinage Act of 1792 is a silver coin with no less than 0.77 ounces of silver.
But you are correct regarding the relative trade value of a paper note versus a silver dollar. One need only look at the quaint prices of the "MONOPOLY" game to get a feel for prices in the first quarter of the 20th century.
Based on the 147.4 million ounces of gold bullion allegedly stored in Fort Knox depository, coining it all would only amount to 2.9 billion dollars (as defined in the aforementioned act). Which means that the current 18+ trillion dollar bill eCONomy would need to have a price adjustment.
Let's say 6,431 : 1 devaluation.
A million "dollar bill" mansion = $155.49 US (approaching "PARK PLACE" in rental cost!)
A 50,000 frn upscale automobile = $7.77 US (amazing, what automation can do)
Working in reverse, a penny ($0.01) would have the equivalent buying power of $64.31 (2017).
Making "a dollar a day" would be equivalent to $6,431 - a fine amount.
Of course, this system would break down due to the scarcity of precious metal coinage.
Dividing $2.9 billion gold dollars among 320 million people computes to $9.06 per capita.
And if the economy tries to grow faster than the increase in bullion, deflation will knock down prices even more. Work more - get paid less. OUCH.
Like our other resident complainer freemkt they don't understand that being able to buy a home is not the key to accumulating wealth it is the by product of having the resources in the first place.
Rolls owners tend to be wealthier because they are wealthier not because having a rolls created their wealth
Last edited by mathjak107; 11-12-2017 at 06:23 AM..
Actually, he probably really can't afford a house in the Bay Area if a good chunk of that money is in retirment plans such as 401ks.
However, it's not like his situation is soooo freaking unique. The vast majority of other 26 year olds in the Bay Area don't own their own homes/condos either...and the vast majority of them don't have 180k put away, even if living with their parents (to Perma's credit, at least he saves serious $$). Heck, most people in the Bay Area of any age. can't afford to buy a place here, let alone people in their 20s. My doctor friend is 48 and only owns a studio condo (admittedly a somewhat swanky studio in SF, but a studio nonetheless, with no parking space, I might add)
If he saves $3000 a month and gets a fairly conservative 6% return on investment, he'll have $391k in 4 years. If he saves $4000 a month, at 6% he'll have $446k at 30. Millennial whiner stereotype? Indeed.
And you know what? I’d still live like a hermit with a **** poor quality of life. Without a home I’d literally have nothing of note to my name.
complaining about it is not going to help reach goal.
Having a goal of owning something without a plan for doing so if you can't ,is just a wish not a goal. Making it in to a goal requires action,not complaining.
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