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Sadly, many of these discussions devolve into generational/class/political party bashing as opposed to having a meaningful discussion as to how to realistically solve some of our economic and societal challenges. Perhaps inequities are more pronounced now than they were in our recent past but not more pronounced than they were 100 years ago. It is only through organization, cooperation and concerted effort that meaningful changes take place. I do not subscribe to the notion that the 1% will own the world and that the 99% will passively allow their destinies to be determined by feudal lords. I for one would personally not stand for it and would actively work with like-minded citizens to protect our rights as Americans. Right now too many people who are working are distracted by their busyness and not paying careful attention to what is going on in DC, at their state capitals, or within their own communities. On the other hand, there is an equally large number of people who are not busy who could be using their time more wisely to affect the changes that they wish to see to improve economic conditions for themselves and others.
Everyone gets old so we have to respect old people? What kind of logic is that? Everyone dies so should we pay our respects to every dead person?
We should absolutely respect our elders because whether you realize it or not, your behavior today is going to set a precedent for the behavior of those of tomorrow. So if you're going around with no respect for your elders, don't expect any respect when you get their age.
And if you're like the majority of the youth today and you don't take care of your body, you might not only be old, but weak and disease ridden. Meanwhile, you have to walk with eyes in the back of your head because at any time some young kid might look to knock your head off its shoulders.
So, yes you should respect your elders. You just don't know what it's like yet, but one day you will. We all get there one day.
Honestly, a lot of millenials are hurting other millenials without realizing it. For instance, they're acquiring student loans for a degree that won't lead them to job prospects that justify the opportunity cost. Additionally, they're raising the price of tuition for those who are more conservative with their finances. There is no reason I should have to pay $90K for three years of tuition at a top 20 business school. That's absolutely ridiculous, but it's called interest inflation.
There is so much available capital as well as accompanying low interest rates that are driving the cost of tuition sky high. In addition to that, you have educational institutions trying to maintain or climb up the rating systems and are spending more and more money without having the foresight to realize that in the future, the money is not going to necessarily be there because the country can no longer afford it. To be honest, the country can't afford it now.
Then you combine that with an overall bad attitude with a lot of lazy people who lack the self discipline to take care of their body and to control their finances and build wealth, you have a disaster waiting to happen. At the end of the day, you reap what you sow. The one thing that you have is free will. If you don't weigh the opportunity cost and exercise value optimization with every decision you make, you have to be prepared to deal with the consequences. Stop crying and complaining and start lowering your expectations or attempting to change the educational system in a way where the US can progress to the next phase of economic development.
Honestly, a lot of millenials are hurting other millenials without realizing it. For instance, they're acquiring student loans for a degree that won't lead them to job prospects that justify the opportunity cost.
It's a broken system. Even worse, it was created for them.
For one, education shouldn't be that expensive. The idea that you must go into potentially ruinous debt to amount to anything is silly, and something no other generation faced to this extent. You have the government giving loans to (often) government-financed institutions of higher learning which can take advantage of the fact that they can run tuition to whatever they want now, so they can purchase such necessary resources for a well-founded education such as having, say, Hillary Clinton deliver a keynote address at graduation to the tune of $300K.
I'd said earlier about college being pushed on every high school graduate. Not only does this dilute the value of college education, we also don't have as many kids going through trade schools. Blue collar work is frowned upon. We've outsourced much manufacturing. So, we have most of these people who are essentially guessing what will get them work in five years. This is a fast-moving target. Tell you what, I feel bad for all the petroleum engineering majors who went to school four or five years ago because that field was looking like money four or five years ago. Hey, we were fracking our way to prosperity! Now the Saudis have engaged us in a price war we'll never compete with. What we were doing was only profitable with oil prices much higher than they are right now, or could be for a good while.
You also have a lot of counselors, advisers etc. steering them toward whatever they like to do. Enter the music, fine arts majors etc. Which are fine if the market isn't flooded with them. It doesn't matter to anyone else, because the institutions get paid no matter what the kids choose.
For some fields (Computer science, engineering) going into debt to attend a good university is worth it. A computer science degree from Stanford is going to hold way more weight than one from a small town community college. You also get excellent opportunity to network with the best professors in their fields.
Also let me get this straight. You have a PhD in psychology and an MBA and went to work for ibm?
Keep trolling. You're just another old geezer with a screw loose. Nothing new
He's not even old. City-Data skews older, so there's tons of examples of how actual older people write to stand in stark contrast to whatever he's trying to pull.
Honestly, a lot of millenials are hurting other millenials without realizing it. For instance, they're acquiring student loans for a degree that won't lead them to job prospects that justify the opportunity cost. Additionally, they're raising the price of tuition for those who are more conservative with their finances. There is no reason I should have to pay $90K for three years of tuition at a top 20 business school. That's absolutely ridiculous, but it's called interest inflation.
First, it should not take you 3 years to graduate business school unless you are going part time. Second, a top 20 B school will get you close to a $90K starting salary.
First, it should not take you 3 years to graduate business school unless you are going part time. Second, a top 20 B school will get you close to a $90K starting salary.
I didn't specify, but it is part time. At the same time, there is no guarantee with anything in life, especially concerning your projected salary, and 90K is still inflated no matter how you slice it due to interest inflation for the reason I described, excess available capital combined with artificially low interest rates.
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