Heard somewhere...

[Jiddy78]

...that generations x & y will be the first generations to have it worse off than their predecessors in American history in terms of work vs. reward....Anyone catch anything on this? I heard it second hand. I'd like to see that report.

[IBC]

...that generations x & y will be the first generations to have it worse off than their predecessors in American history in terms of work vs. reward....Anyone catch anything on this? I heard it second hand. I'd like to see that report.

Haven't seen it, but ti is essentially what I am touting in the other thread.

[Jiddy78]

Haven't seen it, but ti is essentially what I am touting in the other thread.

That's what reminded me of it....It was a convo from a few weeks back that I had intended to research...

[BoredWithNoSB]

That's what reminded me of it....It was a convo from a few weeks back that I had intended to research...

I've heard that stat around a lot. I'm sure it's probably a single over-hyped study that is being used to generate all of the talk, but I wouldn't be surprised if its true. Greedy old people refinancing our country into servitude.

[IBC]

From where I come from, the pie doesn't get big enough to account for increasing income disparity and a decrease in diversity of private ownership.

[Jiddy78]

I've heard that stat around a lot. I'm sure it's probably a single over-hyped study that is being used to generate all of the talk, but I wouldn't be surprised if its true. Greedy old people refinancing our country into servitude.

It seems somewhat farfetched...but I'd like to know if they attempted to compare working hours/benefits received (ie additional technolgy etc)/debt servicing and tried to jumble them...If anything, I would be interested to see what backs this water cooler talk...

[Vegas]

That's not the first time these types of predictions have been made. That was a big part of the Jimmy Carter "mailaise" speech.

It's also bunk. Our economy can continue to grow and our people can continue to prosper as long as people are willing to start businesses and work hard. The opportunities are endless.

[Jiddy78]

That's not the first time these types of predictions have been made. That was a big part of the Jimmy Carter "mailaise" speech.

It's also bunk. Our economy can continue to grow and our people can continue to prosper as long as people are willing to start businesses and work hard. The opportunities are endless.

You've seen what we're talking about? Or are you just bunkifying based on opportunity that is present?

I'm extremely interested if there is some sort of relevant study that concludes that current living is worse the prior living...IE...A 25 year old today has it worse of than a 25 year old 30 years ago...or something to that effect.

[IBC]

You've seen what we're talking about? Or are you just bunkifying based on opportunity that is present?

I'm extremely interested if there is some sort of relevant study that concludes that current living is worse the prior living...IE...A 25 year old today has it worse of than a 25 year old 30 years ago...or something to that effect.

That would be tough to do, no? However, the decline in wage is a start to proving that theory.

[Jiddy78]

That would be tough to do, no? However, the decline in wage is a start to proving that theory.


Exactly why I'd like to see how they went about it...or if this is just some random bs you hear people say...I don't know if snopes will have this one, though...:p

[BoredWithNoSB]

http://www.msnbc.msn.com/id/18868904

Pew Charitable Trusts’ Economic Mobility Project

[Roy Munson]

If family comes before work, your oportunities for advancement at Corporation Inc. are less than the people who are willing to work 70 hours a week. Makes for more kids who are living with less from their parents, either in money, or time. Take your pick.

also another reason why I haven't had kids yet, maybe not ever.

[Jiddy78]

If family comes before work, your oportunities for advancement at Corporation Inc. are less than the people who are willing to work 70 hours a week. Makes for more kids who are living with less from their parents, either in money, or time. Take your pick.

also another reason why I haven't had kids yet, maybe not ever.

I can tell you this...I miss my wife's fat income check as a mechanical engineer....

[ryr8828]

30 years ago I was 21.

The 25 year olds around here, and I stress around here in my area, that are willing to work and have ambition, are better off than we were.

They also have many more diversions, some of which are now called necessities, than we had to spend their money on.

[ryr8828]

I can tell you this...I miss my wife's fat income check as a mechanical engineer....

If she's not going to put out and you have to cook anyway, throw her back to the workforce wolves.

[Roy Munson]

Where's that clip of the lady telling Bush she has to work 3 jobs to support her kids and he says "only in america"?

[Jiddy78]

If she's not going to put out and you have to cook anyway, throw her back to the workforce wolves.

Surprisingly, we're one of the few families that CAN beat the childcare bill (pretty significantly) by dual working...but I like that my wife is home...I think that will really help the kid out in the long run. Of course, I'm a product of divorce and I turned out ok...but I'll tell ya...It wasn't fun. I wish I had a traditional family home growing up.

Wifey is going back to work when the kid starts school. 6 years of an additional paycheck isn't the end of the world.

[Roy Munson]

Surprisingly, we're one of the few families that CAN beat the childcare bill (pretty significantly) by dual working...but I like that my wife is home...I think that will really help the kid out in the long run. Of course, I'm a product of divorce and I turned out ok...but I'll tell ya...It wasn't fun. I wish I had a traditional family home growing up.

Wifey is going back to work when the kid starts school. 6 years of an additional paycheck isn't the end of the world.
Same here, if we end up having kids, my wife won't work until they are out of the house in school.

[Jiddy78]

30 years ago I was 21.

The 25 year olds around here, and I stress around here in my area, that are willing to work and have ambition, are better off than we were.

They also have many more diversions, some of which are now called necessities, than we had to spend their money on.

Yes...but at what cost? When they are pushing 35-40, will those fancy trinkets matter much? I think you know this answer.

[Jiddy78]

Same here, if we end up having kids, my wife won't work until they are out of the house in school.


Had things gone to plan...We'd just be starting to try right now.

Ugh...I don't want to think about it. Damn midwife.

[Roy Munson]

Yes...but at what cost? When they are pushing 35-40, will those fancy trinkets matter much? I think you know this answer.
ryr doesn't NEED a new computer, but Michael Dell says he does.

[ryr8828]

ryr doesn't NEED a new computer, but Michael Dell says he does.

I don't need a computer, even the ones I have. They're damn handy though.

I called best buy and they have that toshiba with the 2 gig processor and 17" screen in stock.
I'm going shortly to pay some bills and I doubt I have the willpower to keep from driving to Carbondale where best buy is.

$799.

It's all your fault, what with all your talk of posting from the bathroom.

[Roy Munson]

I don't need a computer, even the ones I have. They're damn handy though.

I called best buy and they have that toshiba with the 2 gig processor and 17" screen in stock.
I'm going shortly to pay some bills and I doubt I have the willpower to keep from driving to Carbondale where best buy is.

$799.

It's all your fault, what with all your talk of posting from the bathroom.
I expect a poop thread by tomorrow morning...

[IBC]

I don't need a computer, even the ones I have. They're damn handy though.

I called best buy and they have that toshiba with the 2 gig processor and 17" screen in stock.
I'm going shortly to pay some bills and I doubt I have the willpower to keep from driving to Carbondale where best buy is.

$799.

It's all your fault, what with all your talk of posting from the bathroom.

Bathroom internet..... its not just for masturbation anymore.

[V]

...that generations x & y will be the first generations to have it worse off than their predecessors in American history in terms of work vs. reward....Anyone catch anything on this? I heard it second hand. I'd like to see that report.

I have heard bits from NPR and internet reads and whathave you. But I do think a 25 year old today is NOT better off than a 25 year old say 25 years okay. A simple support for that notion would be student loan debt...

[Vegas]

I have heard bits from NPR and internet reads and whathave you. But I do think a 25 year old today is NOT better off than a 25 year old say 25 years okay. A simple support for that notion would be student loan debt...

I had plenty of debt when I graduated from college 25 years ago. It was a fine investment for me just like it should be a fine investment for someone graduating today. That's hardly a poor indicator of being well off.

[ryr8828]

I have heard bits from NPR and internet reads and whathave you. But I do think a 25 year old today is NOT better off than a 25 year old say 25 years okay. A simple support for that notion would be student loan debt...


Everyone doesn't go to college, and everyone doesn't have a student loan.

Among those that do, some are used differently than others.

[V]

I had plenty of debt when I graduated from college 25 years ago. It was a fine investment for me just like it should be a fine investment for someone graduating today. That's hardly a poor indicator of being well off.

Yes it is. 25 years ago, you were paid more than what your debt was in total. NOW, those that went to college because there were student loans available to them do not make as much on their first job as their student loan debt totals.

[Vegas]

Yes it is. 25 years ago, you were paid more than what your debt was in total. NOW, those that went to college because there were student loans available to them do not make as much on their first job as their student loan debt totals.

I don't know where you came up with that. Seriously. I made a whopping $23k at my first job out of college and my debts were considerably more than that.

[IBC]

Rising college costs are an issue.

[V]

I don't know where you came up with that. Seriously. I made a whopping $23k at my first job out of college and my debts were considerably more than that.

Okay, how long ago did you go to college where you started out making 23K. How many years or decades was that?

[V]

I don't know where you came up with that. Seriously. I made a whopping $23k at my first job out of college and my debts were considerably more than that.

Let me cut to the chase. College graduates are NOW being offered $23K in most sectors. IF they are lucky, they can get a job 30K starting out.

I would guess you went to college at least 10 years ago. So, you can do the math and figures.

[MTVike]

Rising college costs are an issue.

Everything I've read on the subject indicates that the costs of college have out stripped inflation by a lot. And it seems that way, to hear first hand what people pay these days.

[MTVike]

Let me cut to the chase. College graduates are NOW being offered $23K in most sectors. IF they are lucky, they can get a job 30K starting out.

I would guess you went to college at least 10 years ago. So, you can do the math and figures.


Vegas and I went to college when the ivy was still new.

[ryr8828]

Vegas and I went to college when the ivy was still new.
Still evolving from primordial ooze.

[Jiddy78]

Everything I've read on the subject indicates that the costs of college have out stripped inflation by a lot. And it seems that way, to hear first hand what people pay these days.

If not, the 30% increase they just unleashed in Florida will make it so.

[BoredWithNoSB]

Still evolving from primordial ooze.

Don't you mean that you could still hear the echos of God's voice saying 'let there be Ivy'?

[ryr8828]

Don't you mean that you could still hear the echos of God's voice saying 'let there be Ivy'?
MTVike killed Cain.

[MTVike]

MTVike killed Cain.

Sorry about that, Dad.

[ryr8828]

Sorry about that, Dad.

I know when I've been owned. Good show pal.

On that one I'll leave for town, and laugh all the way there.

[ryr8828]

My trip has been delayed. My wife, aka "the boat anchor" called and is off work and now I have to wait for her to get here so she can go with me.

[Roy Munson]

Let me cut to the chase. College graduates are NOW being offered $23K in most sectors. IF they are lucky, they can get a job 30K starting out.

I would guess you went to college at least 10 years ago. So, you can do the math and figures.
My first job out of college I made 60K with a 10K signing bonus.

[Ed Who?]

What better way to get us ready to be eternally suckled to the nanny state than to start preaching that things are going to get worse financially.

It would be like preaching that the Earth's temperature is getting warmer because of industry polluting the air. Or even the step further and have a former President call for the economy to slide so that these evil polluting capitalists have to toe the line...nothing creates unemployed entitlees like businesses forced to reshape their model based on trash science.

[Roy Munson]

What better way to get us ready to be eternally suckled to the nanny state than to start preaching that things are going to get worse financially.

It would be like preaching that the Earth's temperature is getting warmer because of industry polluting the air. Or even the step further and have a former President call for the economy to slide so that these evil polluting capitalists have to toe the line...nothing creates unemployed entitlees like businesses forced to reshape their model based on trash science.
Like the thing I heard from one of the Big CEOs one time when asked about raising taxes on the rich, "I guess I'll just have to lay off some more workers to make up the difference, because I'm going to get mine" something along those lines. Its all circular and must work in perfect harmony. No need to disrupt that.

[BoredWithNoSB]

http://biz.yahoo.com/ap/080201/economy.html

Things are going great. Nothing to see here. No news to report.

They should have just squashed this article as facts are clearly alarmist and we are growing and always going to grow because God Bless America and we are #1! :rolleyes:

[ryr8828]

http://biz.yahoo.com/ap/080201/economy.html

Things are going great. Nothing to see here. No news to report.

They should have just squashed this article as facts are clearly alarmist and we are growing and always going to grow because God Bless America and we are #1! :rolleyes:

Manufacturers, construction firms and a variety of professional and business services eliminated jobs in January -- reflecting the toll of the housing and credit debacles.

I know for a fact that this is the first winter that my construction buddies and I have been short of work in years. We always have our busiest time around the holidays and during the coldest part of the year. <sarcasm>

[Jiddy78]

I know for a fact that this is the first winter that my construction buddies and I have been short of work in years. We always have our busiest time around the holidays and during the coldest part of the year. <sarcasm>

I know for a fact that we DON'T have a "winter" in Florida...and I DO have construction folk down to a pile of rubble compared to what they have had in recent years...

[ryr8828]

I know for a fact that we DON'T have a "winter" in Florida...and I DO have construction folk down to a pile of rubble compared to what they have had in recent years...

Still yet, winter is a slow time for construction. Your little world is but a very small part of it.
I have a friend who moved from here to northern Florida because of the work, and he can't get it all done. He has more than he can handle.

[Jiddy78]

Still yet, winter is a slow time for construction. Your little world is but a very small part of it.
I have a friend who moved from here to northern Florida because of the work, and he can't get it all done. He has more than he can handle.


Likewise.

[ryr8828]

Maybe this will explain it better. I've been in construction for more years than you've been alive.
You have a small number of construction oriented clients who are in trouble.

Me>>>>>>>>>>>>>>>>>>>>>you
when it comes to this issue.

[Jiddy78]

Maybe this will explain it better. I've been in construction for more years than you've been alive.
You have a small number of construction oriented clients who are in trouble.

Me>>>>>>>>>>>>>>>>>>>>>you
when it comes to this issue.

I agree with you.

I also draw from years of accounting experience with MULTIPLE areas of business and the like...and

ME>>>>>>>>>>>>>>>>>>>>you

when it comes to determining what causes a recession.


Or...Likewise.

You won't win.

I'm that young whippersnapper that knows everything.