My sister graduated into the GFC
Thanks Obama
Thanks Obama
Fuck Israel
your sister is my age?
Yup, absolute motherfucker, look at Spain, 50% youth unemployment and a complete lost generation.SuperJail Warden wrote:
I just wanted to give a shout out to the Zoomers. I know it sucks graduating into a checks notes "once in a lifetime" economic crash.
Fuck Israel
ask larssen and he'll tell you all about how the southern europeans deserve it. wisdom is boundless in brussels.
incidentally i have quite a good circle of spanish friends in bristol, who come from barcelona mostly (similar character to both cities) to work in hospitality, kitchens, study at language schools, etc. enemies no. 1 of brexiteers, of course. can't be having that.
incidentally i have quite a good circle of spanish friends in bristol, who come from barcelona mostly (similar character to both cities) to work in hospitality, kitchens, study at language schools, etc. enemies no. 1 of brexiteers, of course. can't be having that.
Last edited by uziq (2020-04-13 05:29:19)
- SuperJail Warden
- Gone Forever
- +640|3937
Millennials Don’t Stand a Chance
I bet this article votes like a woman. These millennials just need to have faith that the invisible hand of the free market will do its magic and fix things.
https://www.theatlantic.com/ideas/archi … on/609832/The Millennials entered the workforce during the worst downturn since the Great Depression. Saddled with debt, unable to accumulate wealth, and stuck in low-benefit, dead-end jobs, they never gained the financial security that their parents, grandparents, or even older siblings enjoyed. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession, near guaranteeing that they will be the first generation in modern American history to end up poorer than their parents.
I bet this article votes like a woman. These millennials just need to have faith that the invisible hand of the free market will do its magic and fix things.
truly enterprising and wicked smaht individuals will learn mandarin or go teach english to arabs in the gulf peninsula.
Invisible hand's not even giving Millennials a reach around while it fucks them in the ass.
The shape of an eye in front of the ocean, digging for stones and throwing them against its window pane. Take it down dreamer, take it down deep. - Other Families
Lmao I have never argued that point. What I have argued is that there's a tug of war on economic sovereignty and that the greek government knowingly took the rest of the EU for a ride by way of creative accounting.uziq wrote:
ask larssen and he'll tell you all about how the southern europeans deserve it. wisdom is boundless in brussels.
incidentally i have quite a good circle of spanish friends in bristol, who come from barcelona mostly (similar character to both cities) to work in hospitality, kitchens, study at language schools, etc. enemies no. 1 of brexiteers, of course. can't be having that.
Now that it's crisis you can be certain an end will be put to government expenditure habits in the south. So yes, austerity, once again, to reduce deficits that are far beyond what is healthy.
You really need to take all these articles with a grain of salt. They're written by people with low paying freelance writing jobs with no benefits. Of course they're going to project their own experience onto everyone else. I think the biggest issue is that millennials expected to graduate college and instantly have the same quality of life that they had when they were living with their parents. Their parents had twenty-five plus years to accumulate the wealth and income they were used to having access to.SuperJail Warden wrote:
Millennials Don’t Stand a Chancehttps://www.theatlantic.com/ideas/archi … on/609832/The Millennials entered the workforce during the worst downturn since the Great Depression. Saddled with debt, unable to accumulate wealth, and stuck in low-benefit, dead-end jobs, they never gained the financial security that their parents, grandparents, or even older siblings enjoyed. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession, near guaranteeing that they will be the first generation in modern American history to end up poorer than their parents.
I bet this article votes like a woman. These millennials just need to have faith that the invisible hand of the free market will do its magic and fix things.
Last edited by Jay (2020-04-14 10:15:23)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Lol
yeah it's not like there are numbers to support what the stupid, low-paid journalist is saying. Real wage growth is fine! Income inequality is low!
Here's a real wage growth ~50 year snapshot:
Here's the GINI index since 1975
(I'm going out on a limb assuming you know how to read these graphs, Jay)
Stats and trends aren't relevant - remember, anyone who uses statistics to form policy is an idiot - emotion is a much better source for policymaking. Don't misogynists say women aren't born leaders because they are too emotional? Are you advocating voting like a woman, Jay?
The real issue is that millenials are so stupid that they believe they should be given everything at 18 years old.
Nevermind that their parents were able to afford college by working summers as opposed to going $100k in debt (or using welfare programs like the Pell Grant). Nevermind the $24/hour wage that has been stagnant since 1975 allowed the worker to pay for a mortgage on a house with a white picket fence and 2.5 kids back then while it's barely above poverty level in most major metropolitan areas now. Nevermind that income inequality is the highest it's been in 50 years., which is a key indicator to to both recession, political unrest and lack of economic opportunity.
There aren't systemic flaws. No, it's the mindset of today's youth. Fucking millenials and their entitlement!
Here's a real wage growth ~50 year snapshot:
Here's the GINI index since 1975
(I'm going out on a limb assuming you know how to read these graphs, Jay)
Stats and trends aren't relevant - remember, anyone who uses statistics to form policy is an idiot - emotion is a much better source for policymaking. Don't misogynists say women aren't born leaders because they are too emotional? Are you advocating voting like a woman, Jay?
The real issue is that millenials are so stupid that they believe they should be given everything at 18 years old.
Nevermind that their parents were able to afford college by working summers as opposed to going $100k in debt (or using welfare programs like the Pell Grant). Nevermind the $24/hour wage that has been stagnant since 1975 allowed the worker to pay for a mortgage on a house with a white picket fence and 2.5 kids back then while it's barely above poverty level in most major metropolitan areas now. Nevermind that income inequality is the highest it's been in 50 years., which is a key indicator to to both recession, political unrest and lack of economic opportunity.
There aren't systemic flaws. No, it's the mindset of today's youth. Fucking millenials and their entitlement!
Jay wrote:
You really need to take all these articles with a grain of salt. They're written by people with low paying freelance writing jobs with no benefits. Of course they're going to project their own experience onto everyone else. I think the biggest issue is that millennials expected to graduate college and instantly have the same quality of life that they had when they were living with their parents. Their parents had twenty-five plus years to accumulate the wealth and income they were used to having access to.SuperJail Warden wrote:
Millennials Don’t Stand a Chancehttps://www.theatlantic.com/ideas/archi … on/609832/The Millennials entered the workforce during the worst downturn since the Great Depression. Saddled with debt, unable to accumulate wealth, and stuck in low-benefit, dead-end jobs, they never gained the financial security that their parents, grandparents, or even older siblings enjoyed. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession, near guaranteeing that they will be the first generation in modern American history to end up poorer than their parents.
I bet this article votes like a woman. These millennials just need to have faith that the invisible hand of the free market will do its magic and fix things.
no millenial is complaining that they don't have as much as their parents had at the point of retirement.
jesus christ do you fall over and hit your head every day or something?
You've been in the workforce for how long now? Have you seen personal growth? Have you seen growth since you left college? The graphs you are showing are for nominal wages across the entire economy, not wages for individuals. People who start at minimum wage don't stay at minimum wage. People who start low grow over time and are replaced at the low end by new entrants to the job market. This is normal.KEN-JENNINGS wrote:
yeah it's not like there are numbers to support what the stupid, low-paid journalist is saying. Real wage growth is fine! Income inequality is low!
Here's a real wage growth ~50 year snapshot:
Here's the GINI index since 1975
(I'm going out on a limb assuming you know how to read these graphs, Jay)
No, the numbers don't mean anything. Stats and trends aren't relevant. The real issue is that millenials are so stupid that they believe they should be given everything at 18 years old.
Nevermind that their parents were able to afford college by working summers as opposed to going $100k in debt (or using welfare programs like the Pell Grant). Nevermind that $24/hour wage that has been stagnant since 1975 allowed the worker to pay for a mortgage on a house with a white picket fence and 2.5 kids back then while it's barely above poverty level in most major metropolitan areas now. Nevermind that income inequality is the highest it's been in 50 years., which is a key indicator to to both recession, political unrest and lack of economic opportunity.
There aren't systemic flaws. No, it's the mindset of today's youth. Fucking millenials and their entitlement!
My brothers girlfriend just quit her job because she was only making $65k fresh out of college and thought she deserved to be making over $100k. Expectations are just out of whack.
Last edited by Jay (2020-04-14 10:40:16)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
thank you for your statistics. here is an anecdote about my brother.
Fine. Keep whining then.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Jay thinks that real wage growth charts show nominal wages.
That's kind of cute, in a "i have no idea what i'm talking about" way.
get a fucking clue bro!
That's kind of cute, in a "i have no idea what i'm talking about" way.
get a fucking clue bro!
coward! pussy! whiner!Jay wrote:
Fine. Keep whining then.
They show average wage for the entire population over time. Show me by age group over time. I bet it... surprise... starts low and rises over time!KEN-JENNINGS wrote:
Jay thinks that real wage growth charts show nominal wages.
That's kind of cute, in a "i have no idea what i'm talking about" way.
get a fucking clue bro!
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Real wages adjust for inflation. Nominal wages don't.
You actually don't know what you are talking about, and you use personal stories instead of an aggregated reality to form your worldview. You are literally watching flames project in a cave.
As long as you make more at 30 than you did at 18, it's OK! It doesn't matter if your purchasing power in 2020 at 30 years old is the same as an 18 year old's from 1975, because your wage is growing YOY!
Maybe at 50 you'll be able to buy that awesome new Schwinn you've been eyeballin' since you were 16.
You actually don't know what you are talking about, and you use personal stories instead of an aggregated reality to form your worldview. You are literally watching flames project in a cave.
As long as you make more at 30 than you did at 18, it's OK! It doesn't matter if your purchasing power in 2020 at 30 years old is the same as an 18 year old's from 1975, because your wage is growing YOY!
Maybe at 50 you'll be able to buy that awesome new Schwinn you've been eyeballin' since you were 16.
Ok, and you're a bernie bro that thinks wealth inequality matters and is the driving force behind your own personal misery. Talking to you about economics is completely pointless.KEN-JENNINGS wrote:
Real wages adjust for inflation. Nominal wages don't.
You actually don't know what you are talking about, and you use personal stories instead of an aggregated reality to form your worldview. You are literally watching flames project in a cave.
As long as you make more at 30 than you did at 18, it's OK! It doesn't matter if your purchasing power in 2020 at 30 years old is the same as an 18 year old's from 1975, because your wage is growing YOY!
Maybe at 50 you'll be able to buy that awesome new Schwinn you've been eyeballin' since you were 16.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
- SuperJail Warden
- Gone Forever
- +640|3937
You guys should talk about solutions. How do we get the economy working for the average person?
- SuperJail Warden
- Gone Forever
- +640|3937
I don't think Ken is miserable.
every criticism of the system for jay comes down to some sort of personal unhappiness. very odd worldview. deeply inane, of course.
wealth inequality and Gini index matters enormously. economists from the entire spectrum will agree that it has a gigantic effect on society. you are literally beyond stupid to insist otherwise. it's been a concern in macroeconomics for decades.
wealth inequality and Gini index matters enormously. economists from the entire spectrum will agree that it has a gigantic effect on society. you are literally beyond stupid to insist otherwise. it's been a concern in macroeconomics for decades.
Last edited by uziq (2020-04-14 11:13:15)
Ken is old enough and successful enough that he should understand that it's all a matter of perspective. When you're 24 years old and making $40k a year, carrying $100,000 in student loan debt seems like an insurmountable problem and will color your entire world. When you're in your mid-30s and making twice that or more, it becomes an annoyance rather than a big deal. The big deal at that point is your $400,000 mortgage that dwarfs your student loan payments.uziq wrote:
every criticism of the system for jay comes down to some sort of personal unhappiness. very odd worldview. deeply inane, of course.
wealth inequality and Gini index matters enormously. economists from the entire spectrum will agree that it has a gigantic effect on society. you are literally beyond stupid to insist otherwise. it's been a concern in macroeconomics for decades.
How does wealth inequality matter at all? That money is sequestered away from the rest of the economy and has next to no impact on prices. Even if you're in the 0.0001% and have literally all the money in the world, you're still not going to buy more than one xbox (ok, maybe one for every house, who cares?), so you're not impacting demand or pricing. Same for food etc. Inflation is the enemy of wage growth, not wealth inequality.
Last edited by Jay (2020-04-14 11:22:29)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
- SuperJail Warden
- Gone Forever
- +640|3937
College shouldn't cost a $100,000. Small single homes shouldn't cost half a million dollars. I can't afford to own a home in my hometown due to housing inflation.