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Economics Discuss Millennials earn 20% less than Boomers did at same stage of life at the Political Forums; Originally Posted by Dog Man Well luckily slavery does not exist anymore. No one has to work for those type ...

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Old 01-25-2017, 04:08 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by Dog Man View Post
Well luckily slavery does not exist anymore. No one has to work for those type people. I could make more money for myself, but I would not have the great employees that I have. I would constantly be looking for new people. I know that I am much different because I am a small business, but it would seem to me that it would work for other businesses. Unless it is a brain dead widget factory. I don't see how a box folder, or a floor sweeper can make a living wage anywhere in the universe.
Again,,,;

People have value to their employer. Best way to improve one's wages is to improve one's value. It's not the obligation of the employer to do any more than motivate employees to try. Those that do get promotions and pay raises. Those that don't have two choices. They can settle for less or demand the government rig the system.
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  #32 (permalink)  
Old 01-25-2017, 04:23 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by FrancSevin View Post
Again,,,;

People have value to their employer. Best way to improve one's wages is to improve one's value. It's not the obligation of the employer to do any more than motivate employees to try. Those that do get promotions and pay raises. Those that don't have two choices. They can settle for less or demand the government rig the system.
Yes, I always tell my employees that they can move up if they want to take on more responsibility. My senior project manager started out doing deliveries and warehouse work, and I just recently moved another guy up into estimating and project management, he is learning very fast. I must say that I am a very blessed man.
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Old 01-25-2017, 04:24 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by FrancSevin View Post
Again,,,;
People have value to their employer. Best way to improve one's wages is to improve one's value. It's not the obligation of the employer to do any more than motivate employees to try. Those that do get promotions and pay raises. Those that don't have two choices. They can settle for less or demand the government rig the system.

I've pointed out REPEATEDLY that the American worker is one of the hardest workers on the planet.
More productive.
Less pay for their efforts.
EPI labor economists looked at wage trends in all income levels and found that Americans earning at or below 60 percent of the distribution of wages in the U.S. -- a vast majority of working Americans -- saw no gains in their wages between 2000 and 2012. At the same time their productivity increased nearly 25 percent.
America Workers Are More Productive, But Their Wages Are Flat, And In Some Cases, Lower
Overworked America: 12 Charts That Will Make Your Blood Boil | Mother Jones
Report: American Workers Are More Productive Than Ever, But For Less Pay
And no matter how many times I point that out, the right will continue to proclaim that workers should work harder for higher pay ...
... but you guys don't give a damn when that payoff isn't provided.

The funny thing is that you should be saying what you said about CEOs. They should be working harder / providing more value to justify higher pay.

The Highest-Paid CEOs Are The Worst Performers, New Study Says
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  #34 (permalink)  
Old 01-25-2017, 04:30 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by foundit66 View Post

I've pointed out REPEATEDLY that the American worker is one of the hardest workers on the planet.
More productive.
Less pay for their efforts.
EPI labor economists looked at wage trends in all income levels and found that Americans earning at or below 60 percent of the distribution of wages in the U.S. -- a vast majority of working Americans -- saw no gains in their wages between 2000 and 2012. At the same time their productivity increased nearly 25 percent.
America Workers Are More Productive, But Their Wages Are Flat, And In Some Cases, Lower
Overworked America: 12 Charts That Will Make Your Blood Boil | Mother Jones
Report: American Workers Are More Productive Than Ever, But For Less Pay

The funny thing is that you should be saying what you said about CEOs. They should be working harder / providing more value to justify higher pay.

The Highest-Paid CEOs Are The Worst Performers, New Study Says
That's BS. No one can make those type claims. What is the basis they are using? probably just asking people, "are you working harder for less" everyone will say yes. If they don't feel like they are making enough they should go to the competition and show what they are worth. I sounds like these reports are in the widget manufacturing world.
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Old 01-25-2017, 04:35 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by jimbo View Post
You don't know Salty? I'd say stop playing dumb but I'm not sure you're playing.

I'll give you one:

Pass a law requiring all future light bulbs to meet certain high standards.

Then pass laws that all the producers of light bulbs and the providers of raw goods must meet impossibly high standards.

And bingo! No more light bulbs manufactured in the US. The place where the light bulb was born.

The pollution hasn't gone away, just moved out of sight. Next up, subsidies to other countries cope with their pollution problem resulting from light bulb production.
The ''new'' light bulbs are more efficient. But the ''raw goods must meet impossibly high standards''
I don't understand, because we had much higher meat handling standards in the 60s. And restaurants certainly had higher standards to meet. I think today's people are unaware of the health affects and their responsibility to the public.

btw ever since the 80s the french fry factories are gross. You should take a tour sometime.
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Old 01-25-2017, 04:40 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by Dog Man View Post
That's BS. No one can make those type claims. What is the basis they are using? probably just asking people, "are you working harder for less" everyone will say yes. If they don't feel like they are making enough they should go to the competition and show what they are worth. I sounds like these reports are in the widget manufacturing world.
Is all you got a bunch of hyperbolic ranting or can you provide something of subtance?
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Old 01-25-2017, 04:43 PM
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Post Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by Dog Man View Post
That's BS. No one can make those type claims.
Yeah! Cuz alternative factuals or sumthin!!!



Quote:
Originally Posted by Dog Man View Post
What is the basis they are using? probably just asking people, "are you working harder for less" everyone will say yes.
Seriously.
You don't comprehend how we can have measures of worker output like GDP?
And of course, it's just much easier for you to make up some story (employees need to work harder) about the situation rather than actually research for the truth.


Quote:
Originally Posted by Dog Man View Post
If they don't feel like they are making enough they should go to the competition and show what they are worth. I sounds like these reports are in the widget manufacturing world.

The things some people refuse to grasp.
When employers are doing this across the board, your "solution" doesn't work.
I've given examples of this in the past like Silicon Valley.
https://pando.com/2014/01/23/the-tec...gineers-wages/

What's really frustrating about your reply is this.
People like you want to blame the president for worker wage stagnation when the president doesn't set employee wages.
But you do NOT want to blame the employers who actually set the wages...

People can see corporate profits rise in the last eight years.
But when the issue comes up regarding the workers at those corporations not seeing their wages rise, you guys essentially put forth that they don't work hard enough.
How the f*#% do you think those profits were rising if it weren't for the efforts of the workers who don't see their wages likewise rise?

You have made up a story in your head about how it's all the employee's fault with no evidence.
But when presented with evidence, the evidence is what is suspect...


You can lead a horse to water but you can't make him drink.
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Last edited by foundit66; 01-25-2017 at 05:22 PM..
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Old 01-25-2017, 08:02 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by foundit66 View Post
Millennials earn 20% less than Boomers
did at same stage of life


Millennials earn 20% less than Boomers did at same stage of life

These are the economic problems our country is facing.
And not only do I expect Donald Trump to have no real affect on this, Republicans aren't going to care when he doesn't either...
From the article,

Quote:
Baby Boomers: your millennial children are worse off than you.
I guess it depends on the baby boomer and the millenial.
Accounting for inflation, both my millennial children are making more than I did at their age. I guess I raised them well. Neither has a college degree. One works in finance, the other in IT. Both started working (and learning how to work) at age 16. Both are earning above household avg income.

"Your life doesn't change by the man that's elected" ~ The Avett Brothers

I spend a fair amount of time with my millennial children and their friends (and some millennial coworkers), and I see an interesting thing with the millennial generation. It is truly a generation of opposites. I see many that are hard working folk trying to get ahead and I see many that are expecting the government to meet their needs to get ahead. I don't see many in the middle of those views.
Just my observation.
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  #39 (permalink)  
Old 01-26-2017, 10:00 AM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by foundit66 View Post
Yeah! Cuz alternative factuals or sumthin!!!




Seriously.
You don't comprehend how we can have measures of worker output like GDP?
And of course, it's just much easier for you to make up some story (employees need to work harder) about the situation rather than actually research for the truth.




The things some people refuse to grasp.
When employers are doing this across the board, your "solution" doesn't work.
I've given examples of this in the past like Silicon Valley.
https://pando.com/2014/01/23/the-tec...gineers-wages/

What's really frustrating about your reply is this.
People like you want to blame the president for worker wage stagnation when the president doesn't set employee wages.
But you do NOT want to blame the employers who actually set the wages...

People can see corporate profits rise in the last eight years.
But when the issue comes up regarding the workers at those corporations not seeing their wages rise, you guys essentially put forth that they don't work hard enough.
How the f*#% do you think those profits were rising if it weren't for the efforts of the workers who don't see their wages likewise rise?

You have made up a story in your head about how it's all the employee's fault
with no evidence.
But when presented with evidence, the evidence is what is suspect...


You can lead a horse to water but you can't make him drink.
Please note that I DID NOT say any of the things you said I did. please see bolded comments. What I offer you guys is experience, not data, or hypothesis. I made a very good living before I started my businesses.
I became very good at my job when I worked for others,
and if I could not get a raise to what I felt I was worth, I sought new employment by selling myself and my abilities. That's how it's done.

Now back to Corporate profits. Do you want the government to control how much people make? Do you want Government to put a cap on corporate profits? Are you happy with your pay? Do you think that you make what you are worth?
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  #40 (permalink)  
Old 01-26-2017, 10:03 AM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by winston53660 View Post
Is all you got a bunch of hyperbolic ranting or can you provide something of subtance?
I have what is called Hyper Substance. It's hard to explain.
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