If you're under 30, you're odds on to be poorer than your parents.
 

30-year economic betrayal dragging down Generation Y?s income

Besides the anecdotal stories, it's obvious most will be poorer than their parents. And their children will be poorer still. Just so we can buy cheap iPods and clothes. Which the next generation will struggle to afford at any price.

The reasons are simple. Countries where poverty once rules are now becoming wealthier, the 1% are becoming even richer while the rest grow poorer.

The EU has signed a fast track deal to include Turkey, so that will continue the process.

The fast track to work on 5 of the 14 clauses? They have been working on just 1 for 10 years, now they will work on these 5 for another 20 and then there are still a few left...

Big business rules Governments. This is because the major economies won't work together and say to the Corporations "Play by our rules or don't sell to us".

The list of companies that now manufacture in countries where Labour is a 20% to 10% of what it is in the West is growing by the day. Yet very few of those companies sell their goods in poor countries. They can't sell very much to a mass market on $328 per month. Just enough for food, rent and utilities.

This isn't just those on the production line. It's all the people right up to the top. With only the very senior staff being First Worlders.

Why would I sell to CZ magazines when they paid shit or hire staff on a UK wage? Just a tiny example of how it works for the boss.

it's 1st case in east europe for 99.9%

Every generation after X is messed up. They were pampered and coddled too much with their "participation awards", and other bullshit. Generation Y and the Millennials are a real tragedy, especially the Millennials. Generation Z (anyone born between 1990-2010) is fucked up beyond belief.

With the migration crisis, Euro debt, and more 2nd world countries joining. The EU is on Death Row.

Yep. Read this. You'll laugh, cry and laugh some moars...
https://www.rt.com/op-edge/334733-ed...gs-compassion/

^^^ This ^^^








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My daughter is 18 months old. I've already planned to train her with skills which will be useful in 20 years. Things like cleaning an M4 and spear combat.

Ok .......

what about being over 110 like you? what does that mean?

I was poorer than my parents too when I was 30 in 1985 -- so what has changed?

The problem is doubt of a future and an unwillingness to *TRY* to make ones own destiny.

Sorry you guys have been misinformed.

The reason our generation is so poor is because the bankers have stolen trillions from us.

You know the federal reserve? Think its federal?

No its a private corporation which has control of the money supply.

Then they do crazy ponzi schemes.. lose all the money - Guess who pays for it...

You.

What do you think this banker bail out shit was?

But wait it gets better.. Wait for the bail IN.. when they start taking money out of our accounts. Just like they did in cyprus.. greece.. more will come.

Interesting article from Mike Rowe:


5.6 MILLION REASONS TO STOP IGNORING THE SKILLS GAP

Last week, my personal toilet at mikeroweWORKS Headquarters coughed up a disgusting clog of bad advice, noxious bromides, and odorous stereotypes, leaving my entire office awash in the horrific stench of myth and nonsense. With no licensed plumbers on hand, I was forced to address the problem myself, pulling each offending fallacy from it’s cardboard tube of allegorical poo, and confronting it with a mix of government statistics and righteous indignation. As always, my objective was twofold - to shine a light on America’s widening skills gap, and debunk the growing perception that “all the good jobs are gone.”

This latest effort is called “Hot Under the Blue Collar,” and it was sponsored by One Hour Heating and Air Conditioning, Benjamin Franklin Plumbing, and Mister Sparky Electric. Like so many other companies who rely on a skilled workforce, the people who own home service businesses are struggling to find the next generation of tradespeople who will keep our lights on and our pipes clear. Right now, thousands of good jobs - literally thousands - exist within these three companies alone. But no one seems to want them, and the reasons have nothing to do with low pay, poor benefits, or a lack of available training. They have more to do with the metaphorical miasma of misinformation currently clogging my commode. Consider:

Back in 2009, 12 million people were out of work. Most Americans assumed that could be fixed with 12 million new jobs. Thus, “job creation” became headline news. But then, the Bureau of Labor and Statistics quietly announced that companies were struggling to fill 2.1 million skilled positions. That statistic generated a lot of questions.

How could so many good jobs go unfilled when so many people were out of work? Why weren’t people lining up for these opportunities? Why weren’t apprenticeship programs exploding with eager applicants?

Democrats blamed corporate greed. “Just offer workers more money,” they said, “and the skills gap will close itself.”

Republicans blamed the unemployed. “See? The jobs are out there,” they said. “Now get off your lazy ass and get one!”

Consequently, the skills gap became politicized, and ultimately overshadowed by unemployment figures, interest rates, inflation, and just about every other economic indicator. And so, the existence of 2.1 million good jobs got very little attention.

Now, eight years later, unemployment is down, interest rates are under control, and inflation is in check. But the overall labor participation rate is very low, and the skills gap is wider than ever. In fact, the latest numbers are out, and they are astonishing. According to the Department of Labor, America now has 5.6 million job openings. Page Not Found | KMBC Home - KMBC Home

Forget your politics for a moment, and consider the enormity of what’s happening here. Millions of people who have stopped looking for work, are ignoring 5.6 million genuine opportunities. That’s not a polemic, or a judgment, or an opinion. It’s a fact. And so is this: most of those 5.6 million opportunities don’t require a diploma - they require require a skill.

Unfortunately, the skilled trades are no longer aspirational in these United States. In a society that’s convinced a four-year degree is the best path for the most people, a whole category of good jobs have been relegated to some sort of “vocational consolation prize.” Is it any wonder we have 1.3 trillion dollars in outstanding student loans? Is it really a surprise that vocational education has pretty much evaporated from high schools? Obviously, the number of available jobs and the number of unemployed people are not nearly as correlated as most people assume.

I’m no economist, but the skills gap doesn’t seem all that mysterious - it seems like a reflection of what we value. Five and half million unfilled jobs is clearly a terrible drag on the economy and a sad commentary of what many people consider to be a "good job," but it also represents a tremendous opportunity for anyone willing to learn a trade and apply themselves.

As long as Americans remain addicted to affordable electricity, smooth roads, indoor plumbing and climate control, the opportunities in the skilled trades will never go away. They’ll never be outsourced. And those properly trained will always have the opportunity to expand their trade into a small business. But if we don’t do something to reinvigorate the trades, and make a persuasive case for good jobs that actually exist, I'm afraid the metaphorical crap in my literal toilet will never go away, and millions of great opportunities will go down the drain.

In closing, please - don’t let anyone tell you that opportunity is dead in America. That’s the biggest myth of all, and in honor of President’s Day, I propose we smash that turd to pieces and flush it away with all due speed. In a few weeks, mikeroweWORKS will release another batch of Work Ethic Scholarships. This year, I put a call out to a few large companies that rely on skilled labor, and they've agreed to help me fund a new round. I’m grateful. Along with the help of many on this page, we’ve raised enough to make a sizable splash in mid March.

I’ll also provide a link to “Hot Under the Blue Collar,” which probably won’t win a Cleo, but just might keep the conversation lively.

Stay tuned…

Mike







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that's some shocking finding... who would have thought that in CAPITALism, those that lack capital (both $$ and human capital: skills/knowledge/experience/etc) don't prosper as much as those that do...

is it really surprising that 30 year old with no "capital" of any kind isn't prospering?

while 60 year old who is an expert in his field with 30 years experience and some $$ saved up and invested on the other hand is prospering?

... and that's how it was since the beginning of time...

Agree. My Father went to war, like his father before him and his father. When not at war they went into a factory or similar job. When I went to work in a factory, the people around me were getting on the housing ladder.

My daughter, now 39, started work after so many factories had closed, she went to work in a shop. An entire skills sector had disappeared.

My second daughter now 14 is a concern. Maybe she can get one of those skill jobs the Republicans claim are plentiful.

Plumber Jobs, Employment in New York, NY | Indeed.com

Electrician Jobs, Employment in New York | Indeed.com

New York has 400,000 unemployed.
NYS Economy Adds 14,600 Private Sector Jobs in January 2016.

The trends show it's getting worse. And some of those jobs much lauded, are on a low wage.

Not true. The bankers are one of the success stories we still have. Without them, we would be up shit creek without a canoe, paddle and surrounded by sharks. Bigger sharks than the bankers.

Where do you think all the money comes to fuel the debt that makes us look economically sound?

Interesting article. It shows that people who pay for a college degree want more than a secretaries job that pays $45,000 to $60,000 a year in NY.

A simple solution would be big business to fund colleges. Via taxes. Only for the skills that are required.