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Explore how people in the U.S. aged 18 to 34 have changed over four decades

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Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#31

Earlier quoted context omitted.

Seems to me it's the government which needs to stay competitive, not the workers, ie regulation and bureaucracy.

Thank you for submitting HN's most hackneyed comment.

Please try harder to follow the HN guidelines.

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#32
As a millennial these trends are frighting to see.

It's frustrating when I chat with friends who are a few years older than me about this (mid 30s), and they blame all of this on millennials just being lazy. Or stupid, for picking bad degrees. I think the issues are larger and more systemic than that.

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#33
Considering there has been an increasing larger percentage of the population going to college, the statistics might somehow get skewed by the population between age 18~23.

If one is in college, it is natural to assume that she or he is not fully employed, has low income, mostly not married, etc.

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#34

These numbers are really grim, and considering the job market only gets more cruel a few years after the top end of this age bracket, it makes it hard for young people to have a lot of hope for the future. Granted, maybe some of them are reflective of age-agnostic trends but still! Start in higher debt then make less than ever! As a young person looking at these numbers I realize I am squandering my blessings as a hi…

Careful with your use of the word "we".

What is happening is that between 1974 and 1994, the generation that was then in power decided to stop paying off their own debts, and started deferring payment to future generations. The effect is similar to being forced to cosign a mortgage before you are even born, then when you turn 18, your parents kick you out of their house and stop making the payments. You then have to pay for two houses, and can probably only live in the worst one.

It's a really nasty thing for your elder generation to do, but all your life, they have taught you that you aren't allowed to murder all of them and sell off the assets they purchased with your labor as collateral. So it becomes somewhat of a tradition for each generation to refinance the debts of the previous with the labor of the next as security. But at some point, a generation realizes that the only way they can afford the same lifestyle as their parents is by having two incomes and fewer children.

"Our" grandparents needed to make the sacrifice back before they died. But they didn't, and now they can't. So I prefer to let their creditors go find them in Hell if they want their money back. I am perfectly willing to be responsible for my own financial decisions, but rolling over the debts of the fathers unto the fourth generation seems more than a little bit unfair.

And that is justified in large part by use of the pronoun "we". I, specifically, am being taxed to pay for the economic benefits enjoyed by entire generations of older people who reaped more than they ever sowed. And my gruel, along with that of younger generations, has become thinner ever since.

I even get angry when my spouse says "we need to do X" and really means "I want you to do X, and expect nothing--even gratitude or acknowledgement--in exchange", so I can't imagine how politicians can so easily get away with doing the same thing to entire nations. What "we" need to be doing is demanding that some specific people be held individually responsible for their own bad behavior.

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#36
post #23

Earlier quoted context omitted.

Seems to me it's the government which needs to stay competitive, not the workers, ie regulation and bureaucracy.

What a cliché. EDIT (to elaborate): IMHO economy (like most things) is all about trade-offs. I know the states and bureaucracy are cumbersome, but they offload risk from individuals into society (which isn't always a bad thing). I respect your views on deregulation (and share them to some extent), but your phrase is really a cliché and does not address my comment (since deregulation is orthogonal to labor competition…

A cliché? Or general agreement? I thought people generally agreed that Spain has issues in that regard.

"I know the states and bureaucracy..."

I wasn't referring to states in general, you were talking about Spain, I was responding about Spain. I'm not a ranting libertarian, I'm aware of a state's role in society. Knee jerk pouncing on a cliché that wasn't here.

we've been told over and over again that we have to stay competitive, which is just an euphemism for working more and earning less

How much of that extra work is unnecessary (in Spain)?

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#37

Earlier quoted context omitted.

Seems to me it's the government which needs to stay competitive, not the workers, ie regulation and bureaucracy.

Thank you for submitting HN's most hackneyed comment.

Presumably that means many people think it, yet nothing is being done about it.

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#38
post #2

The Median Earnings for Full Time Workers page was quite sad for America. Language Other than English Spoken at Home was quite surprising for me. I had no idea it was that high. I don't understand how the employment numbers can be that bad. 35% unemployment - that is mostly impacted by people rearing children and college age folk, I hope.

I'm living in California. California has a considerable amount of Spanish speaking hispanics for historic reasons. For greater SF/LA areas, actually non-native English speakers communities are growing very fast due to hi-techs and relatives immigrants.

Just to mention a few: Monterey Park, 20% whites, 66.9% asians (50% Chinese). Milpitas, 20% whites, 62.2% asians. Cupertino, 30% whites, 63.3% asians (20% Chinese, 20% Indians)

Just been to Monterey Park in LA area two weeks ago, and found I can live there naturally even if I can not speak an English word. At the contrast, I think that city would be a bit harsh for non-Chinese speakers...

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#39

These numbers are really grim, and considering the job market only gets more cruel a few years after the top end of this age bracket, it makes it hard for young people to have a lot of hope for the future. Granted, maybe some of them are reflective of age-agnostic trends but still! Start in higher debt then make less than ever! As a young person looking at these numbers I realize I am squandering my blessings as a hi…

Careful with your use of the word "we". What is happening is that between 1974 and 1994, the generation that was then in power decided to stop paying off their own debts, and started deferring payment to future generations. The effect is similar to being forced to cosign a mortgage before you are even born, then when you turn 18, your parents kick you out of their house and stop making the payments. You then have to…

[deleted]

Re: Explore how people in the U.S. aged 18 to 34 have changed over four decades

#40
post #18

Earlier quoted context omitted.

Welcome to "staying competitive". Here at Spain (and generally Southern Europe) we've been told over and over again that we have to stay competitive, which is just an euphemism for working more and earning less (i.e. becoming Europe's China). In a globalized market with a (still) steadily growing population, competition is growing and therefore salaries are shrinking. It's happening in all industries (e.g. tech firms…

Seems to me it's the government which needs to stay competitive, not the workers, ie regulation and bureaucracy.

Governments don't have to be competitive if they mutually limit migration - and this is one problem.

People need the option to leave a system that doesn't work for them, or that system won't see a need for change. The same competitive forces that are so important to capitalism should apply to nation-states as well.

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