- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- 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: How will young people ever get ahead?
Posted on 5/4/23 at 6:55 am to TigerFan55555
Posted on 5/4/23 at 6:55 am to TigerFan55555
quote:
You’ll Own nothing and like it. They’re trying to depopulate.
I'll state this for about the 1000th time, but this is the dumbest conspiracy theory going.
Depopulation of any scale would shatter the standard of living for everyone. The argument that "the elite" who secretly control everything and live the best lives of modernity want to go back in time (Without staples like electricity and filtered water), makes literally no sense.
1
Posted on 5/4/23 at 6:59 am to SquatchDawg
quote:
Also, companies are always looking for talent and the way to make more is definitely in moving. Your employer will pay you as little as they can get away with until you leave or threaten to leave.
The characteristic which tips the scales in the symbiotic relationship which is capital and labor is the fact that capital is more mobile than labor. Other than that and without state intervention the two sides or on equal footing. Mobility, however, is not an insignificant advantage. Labor is not, generally, as mobile...but it can be far more mobile than most people are comfortable with. It is extremely advantageous to be in a position to move across town or across the globe to better your lot in life...it is also advantageous to be willing to do so. It is also conducive to personal growth...consider the people you know who have never left the area they were born in...most tend to be cautious and lack an understanding of anything outside of their known world. It'd be nice to plant roots, grow a career and do so in a single area...it is not something that happens as often today as it once did....
Posted on 5/4/23 at 6:59 am to BonesMalone
quote:
If there was a time to keep the family unit together, this it. It’s better for everyone to stay together and keep the kids at home as long as possible.
I've been saying this since 2008. I knew that this would happen after the too-big-to-fail banks were bailed out. One of my friends probably thought I was crazy when I told him that my kids will continue to live with me out of necessity. One is out of the house and his rent is as much as my mortgage. I have two living with me right now. My 23-year-old has a disability, and my 30-year-old who works for the state and does not make enough to qualify for an apartment now that he broke up with his girlfriend and only has one income. My Mortgage continues to go up as the cost of escrow is increased by higher taxes and insurance, so we will soon have issues as well. We are moving to Texas. Kids will be able to find well-paying jobs, and if they need to stay, they can live with us. We are looking for a home on land or a large home we can all share. Anyone who thinks it will not be our new reality is fooling themselves. I can't truly believe any employer is going to give 15 percent raises to cover inflation. For the next 5-8 years, this is our reality. I don't think it will be a sudden demise of the "American dream", but instead a slow degradation where we initially think it will get better, then realize it never was good, we just ran out of credit to prop us up. It will truly be interesting to see how society copes with the change. One thing's for certain, Louisiana will get far worse. Crime will continue to increase as more people are pushed over the edge financially. I plan to be out in North Houston on some land living my nice safe life.
Posted on 5/4/23 at 7:00 am to crap4brain
quote:
They can start by voting for conservatives.
The irony of this by people whose generation started out as hippies or grunge rockers is too much
Yeah young people this generation should act completely different than young people of my generation, because that will CLEARLY mean that by living completely different than my generation did, they will end up like we did
Posted on 5/4/23 at 7:02 am to SlowFlowPro
quote:
Depopulation of any scale would shatter the standard of living for everyone.
The worlds population starts shrinking in a few decades. Your argument doesn't work either.
Its going to happen. The entire desire for a demand economy is based on the idea that the world population will shrink and so will the economy.
This post was edited on 5/4/23 at 7:04 am
Posted on 5/4/23 at 7:04 am to tiggerthetooth
quote:
It's not going to happen. Millennials are going to be on the opposite end of globalization from their parents.
Boomers got a super charged economy with the post-WW2 globalism, Millennials will have the demise of that system.
Anyone who says it all be the same as it has for the last 50 years isn't paying attention.
This. Also, I have a boomer
sister-in-law who is 68 and refusing to stop working.
Posted on 5/4/23 at 7:08 am to Revelator
quote:
They won’t make it. America will collapse soon.
It will look very different for sure.
Every move made by "globalist" is a reaction to projected population decreases and the need to import workers and consumers to keep the scam going. The middle class being engineered out.
Posted on 5/4/23 at 7:10 am to ghost2most
quote:
All I know is inflation is killer. I made plenty enough to live comfortably 5 years ago. My salary has not gone up much while my expenses have rapidly increased.
Property tax
Insurance
Groceries
Gas
I have zero debt but I also have very little excess money anymore unlike before.
You are not alone...in fact yours is the typical experience of most Americans at almost all income levels.
I negotiated a 12% raise in July last year to stay in my current position, leveraged by a job offer from the same employer for another position with a similar bump in pay. In February I received a 4% COLA raise....so from May 22-May 23 I have increased my earnings by 16% without transferring and with no increase in responsibilities. For the most part this increase, larger than normal, has merely offset the inflation which started in 2020....discretionary cash flow is about the same as it was then, in essence wages for me have been stagnant despite having an increase in salary of about 25% in the last 3 years. Official inflation rates have lagged that over that time period but true cost of living inflation, excluding things like appliances and electronics and the like, have consumed almost all of that increase...had it not been for the 12% increase during that period I would actually be earning less now than then...this is not isolated and has been ongoing since the early 1980s.
Posted on 5/4/23 at 7:11 am to deeprig9
quote:You're both right, but the guy you replied to did a good job of describing how things work at my employer. The favored few have equity stakes in the company. They get dividend payments semi-anually that consume most of our profit. Very little sits in Retained Earnings.
It's held in treasury for later spending, or paid in dividends, or both depending on the corporate structure. The financial compensation of executives is already accounted for on the other side of the balance sheet. You don't seem to know much about actual finance law.
Posted on 5/4/23 at 7:11 am to latxwoman
quote:
This. Also, I have a boomer
sister-in-law who is 68
A hell of a lot of older folks went back to work at least part time during labor shortages.
Posted on 5/4/23 at 7:15 am to SquatchDawg
quote:
The same way everyone did…by working their way up. My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math. Don’t buy a new car. Buy used and reliable. Rent and live with roommates. You don’t need a house starting out.
This outdated advice. we live in an inflationary environment, our government spending practically every ensures it. Id recommend buying real estate and being house poor rather than renting.
Young people think they deserve what their parents have because that’s what they were told but nobody saw the effects of the world changing around them. More went to college, less learned trades. This drives wages down and makes costs go up for a college grad.
Working your way up is a fools errand. Profits have been squeezed, there is hardly any juice left. They will cut you as fast as they hired you, so look out for yourself.
quote:
The issue is kids think they should live and have what their parents do right out of the gate. It doesn’t work that way. I’m not saying it’s easy…but it’s never been easy.
This part I can agree with to an extent. In the past 20 years this mentality that you can’t get ahead has been somewhat self fulfilling. You certainly won’t have an easy life if you don’t work hard.
However, it’s outdated as well. The whole concept of retiring seems less and less likely. Might as well enjoy life while you can.
Posted on 5/4/23 at 7:16 am to bhtigerfan
quote:
quote:
They can start by voting for conservatives.
That’s what I was gonna say.
They voted for this, let them reap it. Maybe, just maybe they’ll see the error of their ways. But I’m not betting on it.
It is way too easy to blame it on political ideology...it is a complex, multi-faceted issue and both sides have equal roles in it. That being said young folks haven't voted for the things which set the wheels in motion...that happened in the early 1980s when greed was good, we bought into supply side economics but only one side of the equation while ignoring the bigger and more important side which is curtailing public spending. The results of 40 plus years of tax cut after tax cut coupled with staggering amounts of public spending created an atmosphere where inflation had no choice but to get out of hand...and then doubled down with bad ideas to artificially stymie inflation. Neither side is solely responsible...the American people wanted to believe the myth because it allowed us to live way, way, way beyond our means for 40 years...but it may well be over and if it ain't it will be sooner than later.
Posted on 5/4/23 at 7:17 am to AwgustaDawg
quote:
It is way too easy to blame it on political ideology...
Its related to monetary and regulatory policy.
So yes, it is very political.
Posted on 5/4/23 at 7:18 am to Allthatfades
quote:
How will young people ever get ahead?
By accusing everyone of being racist & transphobic.
Posted on 5/4/23 at 7:18 am to Allthatfades
quote:
I’m older. House, truck and everything paid for. But I walked out of Wal Mart last night with three bags of groceries that cost over $60 and thought to myself, with the cost of a new house these days, and new vehicles easily averaging over $50,000, how are your kids, grandkids, nephews, etc., , ever going to get ahead?
Just wait. The resident OT ballers will be along to tell us how they worked their way thru college without student loans and just paid cash for everything.
Posted on 5/4/23 at 7:24 am to jfootball14
quote:
Every time a boomer croaks this country gets a little better. They have caused something equivalent to the fall of Rome
This is harsh but it is not too far off base...there is a lot of truth in it. I am 58 this year so I am either a very young boomer or a very old Gen Xer...either way I am close enough to being a boomer that I am, no doubt, part of the problem. My generation, no matter which I belong to, had it so much better than my kids generation that there is no comparison. I am old enough to have worked my way through college when such a thing was still possible...its almost impossible now to earn enough to live in a college town, let alone pay for school too. The basic necessities of life are far more expensive today than they were when I starting out, relative to wages, that there is no comparison. It was also possible then to make bad decisions and deal with them and they were over...they now follow young people for the rest of their lives. Anyone my age or older who discounts these things is doing the kids and grandkids a grave disservice...it is real.
Posted on 5/4/23 at 7:25 am to RogerTheShrubber
quote:
Its related to monetary and regulatory policy.
So yes, it is very political.
It absolutely is political but neither side is without guilt...they are equally to blame and the American people bought into it lock, stock and barrel...
Posted on 5/4/23 at 7:28 am to AwgustaDawg
quote:
It absolutely is political but neither side is without guilt..
We're discussing ideology, not party.
Continued government spending will cause more inflation which makes young people's lives even more difficult.
Posted on 5/4/23 at 7:29 am to Allthatfades
quote:
I’m older. House, truck and everything paid for. But I walked out of Wal Mart last night with three bags of groceries that cost over $60 and thought to myself, with the cost of a new house these days, and new vehicles easily averaging over $50,000, how are your kids, grandkids, nephews, etc., , ever going to get ahead?
Just a few years ago everything was looking up. Then we got Joe. I never thought one man could do so much harm.
Posted on 5/4/23 at 7:31 am to Allthatfades
quote:
how are your kids, grandkids, nephews, etc., , ever going to get ahead?
The same way everyone gets ahead:
Don’t have kids out of wedlock
Don’t marry someone you will divorce
Work hard and save.
Don’t buy shite you don’t really need.
Don’t have credit card debt.
Don’t rent.
Page 33 of 35
Popular
Back to top
Follow TigerDroppings for LSU Football News