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My child makes much more than I do. But he is a hard worker and got himself the education needed to secure the high paying job.
There is plenty of well paid work out there, but no one is going to hand it to you on a silver platter as you sit in your mommy's basement playing video games. You must position yourself to be qualified for those jobs.
How many folks like me thinks that our children in the future will make less wages factoring inflation when they grow up? Millennials are already making less money than their parent's prime working age.
The larger population along with automation along with high immigration and larger aging population will require higher taxes to keep this country going. Labor participation will keep going down as wealthier families will keep their children away from working.
That's life. No sense worrying about it. There is nothing that you can do about it!
How many folks like me thinks that our children in the future will make less wages factoring inflation when they grow up? Millennials are already making less money than their parent's prime working age.
The larger population along with automation along with high immigration and larger aging population will require higher taxes to keep this country going. Labor participation will keep going down as wealthier families will keep their children away from working.
What? There are not enough truly wealthy families in the US to make a dent in the overall labor market if they suddenly all somehow prevented their adult children from working. According to the IRS, 95% of Americans earn less than $167,000, which is not what I would even call "wealthy". So somehow some tiny fraction, like 2%, of the population is going to hold down labor participation throughout the country by keeping their kids from working for some unknown reason??
Last edited by TheShadow; 07-14-2019 at 12:54 PM..
I think that the period from about 1945-1985 was probably the most affluent overall in U.S. history, and I am very saddened that I don't envision anything close to that for at least the next 20 years, if ever.
(However, back then, most people weren't as materialistic as most people are now, in my opinion, based on both reading and observation, as I was born in 1953.)
one son is the youngest full equity partner in a labor law firm with 900 attorneys ... his wife is a cpa and runs the tax dept for a big hedge fund and the other son owns a car leasing business in new york and new jersey . my daughter is a teacher and her husband earns a nice living in a trade .
all do far better then we ever did at our jobs
Labor law in NY... there have to be some juicy cases
How many folks like me thinks that our children in the future will make less wages factoring inflation when they grow up? Millennials are already making less money than their parent's prime working age.
The larger population along with automation along with high immigration and larger aging population will require higher taxes to keep this country going. Labor participation will keep going down as wealthier families will keep their children away from working.
Grandfather - machinist, then plant supervisor, last year before retirement in 2000 his W2 was $105,000
Dad - welder, then engineer, last year before retirement in 2009 (early, due to health) was $80,000
Me - technical support, engineer, then lineman, surpassed both the year I turned 27.
Everyone wants white collar, college-degreed, inside work. Parents are conditioning their kids - not "do you want to go to college?" but "where do you want to go to college?" My friends (we tend to surround ourselves with like-minded people) have either HS diplomas or "some college" and are actually having fun every day, getting our exercise, and making a killing.
How many folks like me thinks that our children in the future will make less wages factoring inflation when they grow up? Millennials are already making less money than their parent's prime working age.
The larger population along with automation along with high immigration and larger aging population will require higher taxes to keep this country going. Labor participation will keep going down as wealthier families will keep their children away from working.
No. Factoring inflation, my son already makes more than I did at his age. My nephew makes WAY more, and my niece makes MORE than I currently do.
Labor law in NY... there have to be some juicy cases
He only represents employers ,never employees
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