Why millenials move
bloomberg.com
Why millenials move
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Re: Why millenials move
#2Public transport comes dead last. Well...
Climate is where I agree. Too many people stuck in bad weather belts fo no apparent reason.
Re: Why millenials move
#3Millennials are broke. All trends -- rates of antidepressant use, time spent on social media, choices of where to live, frequently visited stores, etc -- are byproducts of this fact. The success of the iPhone is perhaps the single outlier here, but might be explained by the fact that its up-front cost is subsidized by phone carriers. But really, they're broke (except people in tech, of course).
Re: Why millenials move
#4Millennials are broke. All trends -- rates of antidepressant use, time spent on social media, choices of where to live, frequently visited stores, etc -- are byproducts of this fact. The success of the iPhone is perhaps the single outlier here, but might be explained by the fact that its up-front cost is subsidized by phone carriers. But really, they're broke (except people in tech, of course).
Broke and unhirable.
Re: Why millenials move
#5Data: 1) people aged 18-34 are the most likely to move; 2) people aged 18-34 primarily move to find work and focus on areas with a low cost of living.
Headline: Why Millennials Don’t Live Where You’d Expect Them To: Young people want to be able to afford the trappings of adulthood.
These articles are getting ridiculous. This is exactly where anyone would expect millenials to live, if it weren't for all these stupid articles about the silly millenials coming from publications like this in the first place. Also, "trappings of adulthood" is just blatant trolling/clickbait.
Re: Why millenials move
#6While in general the people on HN are more likely to be in or working in a field related to the tech field (so it's hard for me to generalize outside of this industry demographic from a culturally anecdotal standpoint) I feel that in the tech field, the hot spots are Bay Area and Austin TX, though there are tech jobs everywhere, people are willing to decrease their cash flow as there is a cultural elitism with living in Bay Area or Austin in the world of tech. Portland and Seattle trailing behind as well.
On this note, it seems that even spanning beyond industry demographics, this article overlooked the possibility of culture and beliefs. For examples, if you are raised in the religious south, it's very likely even if you move across multiple state lines, you will be more likely to move to a place where religion is more prevalent culturally than elsewhere. Maybe this is not true however. Maybe young people raised in the bible belt are flooding out more than ever, but what are the most dominant correlation factors?
In the same way tech is a dominant culture for tech people, religion would seem to be a dominating factor, as well as people raised in extreme weather conditions. Ex: If you gew up on the Slopes in Colorado, perhaps you are much more likely to, even if moving someplace else for a few years, want to return home to the warm, the cold, the mountains, or whatever environment you were raised in, especially if you lived in an overwhelmingly dominant type of landscape.
Climate Religious/Political Preferences
Also, gender was overlooked, as well as ethnicity.
Ive noticed some ethnicities, even those of overall high socioeconomic status will stick together in demographic regions or, when populating a new region, do so in large groups. For example, I believe Jacksonville Florida has a concentrated percent of people of Indian ethnicity. As becoming a doctor or an Engineer is a common profession for this ethnicity in America, the fact that UF is near there, and the climate is similar to Indian climate, would seem like a big player.
Similarly for gender, as much as I don't like to stereotype. I wonder how many women vs men choose to move to a place because their spouse or SO lives in that place. How does that trend correlate with region and ethnicity, income level, religion etc.
Overall, poorly done research, that doesn't explore enough data to reveal any compelling outliers.
Would love to have seen breakdowns, polls or correlations of any type with
Industry type Region Landscape Ethnicity Gender Income level Education level
Re: Why millenials move
#7While in general the people on HN are more likely to be in or working in a field related to the tech field (so it's hard for me to generalize outside of this industry demographic from a culturally anecdotal standpoint) I feel that in the tech field, the hot spots are Bay Area and Austin TX, though there are tech jobs everywhere, people are willing to decrease their cash flow as there is a cultural elitism with living…
For me, it's just getting out from under the heel of social conservatism (I'm transgender, so I can't just blend in like a gay or lesbian person.). But cost of living still factors greatly in my search despite my primary goal like the article suggests.
Re: Why millenials move
#8While in general the people on HN are more likely to be in or working in a field related to the tech field (so it's hard for me to generalize outside of this industry demographic from a culturally anecdotal standpoint) I feel that in the tech field, the hot spots are Bay Area and Austin TX, though there are tech jobs everywhere, people are willing to decrease their cash flow as there is a cultural elitism with living…
Religious or cultural preferences are comparatively difficult to account to, but I agree they are one of the important deciding factors.
Additionally climatic conditions are a vital criteria which this article failed to incorporate and hence a poorly developed generalization is obtained
Re: Why millenials move
#9Better Headline - We've priced young people out of normal areas and they couldn't afford to stay.
tl;dr: Young people have huge college loans and poor job prospects combined with an economy ruined by previous generations. Houses are costing more (as a percent of the average wage) than ever, job security is poor and alot of places will only hire young people either on temporary contracts or at obscenely low wages compared to middle aged workers in the same field. As mentioned elsewhere in the thread, technology is one of the only exceptions here.
Slightly different case in Australia, especially in major cities like Sydney, where people like myself will likely never be able to afford a house less than an hours travel from the major places of work (CBDs etc.), if at all.
Re: Why millenials move
#10Millennials are broke. All trends -- rates of antidepressant use, time spent on social media, choices of where to live, frequently visited stores, etc -- are byproducts of this fact. The success of the iPhone is perhaps the single outlier here, but might be explained by the fact that its up-front cost is subsidized by phone carriers. But really, they're broke (except people in tech, of course).
Broke and unhirable.
I'm curious, why do you say 'unhirable'? Is there anything specific?