rEvolutionist wrote:Forty Two wrote:rEvolutionist wrote:Blah blah blah. In the civilised world Baby Boomers had free education,
Where? Baby boomers were in college from about 1963 to 1983, at the very latest. Where is this "free education" you speak of (referring to college, not taxpayer funded primary education)?
Australia.
Since they started requiring repayment 33 years ago, I guess the few years of "free" college didn't work out so well, lol. Shangri-la.
rEvolutionist wrote:
rEvolutionist wrote:
plentiful secure jobs,
Plentiful secure jobs in 1979 and 1980, when unemployment was in double-digits? When and where was this "Shangri-la" of which you speak. If anything, from 1965 to 1980, there were fewer legal protections than there are today. Every western democracy has dramatically expanded employee protections since baby boomers got out of school. It's not even close. I can't see how you make this argument with a straight face.
You live in a bubble, don't you?
No, but naturally you can't avoid making douchey statements and just being an all-around unpleasant person.
rEvolutionist wrote:
Compare UNDER-employment rates. Unemployment now isn't the same measure as unemployment then.
In the US, the measure is basically the same. We have several different rates - coded "U-3," or "U-6", etc. So, it's easy to look up underemployment and unemployment.
rEvolutionist wrote:
Employment now, depending on jurisdiction, is considered as little as 1 hour a week of work.
full time vs part time are analyzed, in civilized countries like the US, by the Bureau of Labor Statistics in different scales (see U-3 vs. U-6) numbers, etc.
rEvolutionist wrote:
This has been a recent(ish) recalculation, for obvious reasons.
That damn Obama Administration, fudging the numbers, I guess....
rEvolutionist wrote:
And worker protections isn't what I am talking about. There simply wasn't the pressure back then for efficiency gains like now.
You can go ahead and provide some evidence anytime now....
rEvolutionist wrote:
There has been MASSIVE casualisation of the workforce now compared to then. Employment was simply more secure and more plentiful back then.
Less secure, because it's harder to fire someone now, and there are more safety net protections for workers, more assistance for retraining and finding new jobs, etc., than there ever was 40-50 years ago.
rEvolutionist wrote:
rEvolutionist wrote:
and affordable housing.
How in the world do you get this? Housing is way more affordable here now than it ever was. At least in a civilized country like the US. Here in the US, you can find a house or apartment in every price range. We recently, just a few years ago, had the largest percentage of Americans owning homes than ever in the history of the country. And, in the 60s and 70s, when boomers were buying their first houses, the price of homes was much harder to pay, because credit was much tighter, and you had to put far bigger down payments.
You must have missed the property bubble in the rest of the world. UK, Australia, NZ. Ratios of house cost : average wage has soared over the last 30 years of liberalisation. In those three countries it has gone from less than 5X to up to 15X on average, and up to 30X in places like Sydney and London. To give credit to the US, inexplicably they didn't adopt the insane negative gearing and capital gains tax discounts that other countries have with liberalisation. That has driven up property prices, as well as states and local council refusing to release land to ease demand, as they have had their funding pinched in the efficiency drive of 35 years of neoliberalism.
Well, here in the states the average income is about $55,000, and in most places around the country, you can get a lot of house for $165,000, to $200,000. Not in Manhattan or San Francisco, but then again the average income is much higher in those places too. But, throughout the US, you can buy a nice, new house for that. We do have capital gains tax discounts here - the capital gains rate is much lower than the ordinary income rate.
rEvolutionist wrote:
The current generation have none of that.
The current generation can walk into a bank with a $50,000 per year salary and get a $150,000 mortgage at 4% interest with $0 down or 5% down. In 1981, you would go into a bank and need 20% down, and pay 12 to 15% interest. It's not even close, rEv.
I agreed that credit is easier these days. That, of course, is one of the biggest problems in the neoliberal world today. It's what kicked off the GFC.[/quote]
Not exactly. What kicked off the GFC was the mortgage and finance industry creating junk securities. I.e., the banks were covering up bad/shaky lending practices by bundling up bad debts into derivative security instruments. They would then sell these instruments, which were rated AAA and such by the rating outfits, even though they had no idea what was in them. They would look good, because you'd have $150 million in "receivables." But it was a lot of shit debt.
Add to that the fractional reserve system gone wild, where banks and other lending institutions were (and are again) lending out many times more "money" than they actually have. And, unsustainable debt.
So, I agree, credit is too easy. But, then that's something the governments are encouraging. Here in the US, they don't want to tighten credit. They are afraid that a rise in interest rates will trigger another recession. The regulators feel their hands are tied, and that will guarantee another 2008.
rEvolutionist wrote:
rEvolutionist wrote:
Youth under-employment is upwards of 50%.
You'll have to define "youth underemployment." All youth employment is part time in civilized countries like the US.
What in the fuck are you talking about? "Youth" usually refers to under 24.
By that measure, in a civilized country like the US, the "youth unemployment rate" is about 12% give or take.
rEvolutionist wrote:
Do you have a measure for when a youth is not working enough part-time hours? Or, when a kid earning minimum wage should be banking a couple bucks more?
You just have no concept of these issues, do you?
Far better than you, but you can't help but make these silly, douchey comments. I will chalk it up to you not being very bright.
rEvolutionist wrote:
The concern isn't with kids who live at home with their parents. It's young people who have left home and need to enter the workforce to make enough wages to survive. The jobs just aren't there due to mechanisation and off-shoring of lower skilled jobs.
Plenty of jobs in a civilized country, like the US. Unfortunately, as has always been the case, teenagers who are on their own and just starting out in life have to bust their ass. There is no way to pay a 17 or 18 year old with at most a high school diploma $40,000 a year or more. They don't know how to do anything. If they obtained a trade skill, they can get more money.
rEvolutionist wrote:
rEvolutionist wrote:
Virtually everyone could get a job out of school or uni in the 60's.
They can now too. They just don't want to work hard.
FFS. Debating you is like explaining the world to a mushroom. In the US there are 2x job seekers to job vacancies. And that gets worse at the younger end of the scale (i.e. the people you are whinging about). In Australia it's 3x.
CNN -- The problem is that Americans don't have the skills for the jobs that are available. --
http://money.cnn.com/2015/09/09/news/ec ... -openings/
experts agree: At the core of the job skills problem is a lack of technical skills. Some Americans choose to go to a 4-year college when they might be better suited for a career as an electrician or plumber, experts say.
It's these 'middle skills' jobs -- ones that don't require a college degree but do require more than a high school diploma -- that aren't being filled, Fuller says.
New York Times - In Iowa, Jobs are plentiful, workers not so much -
http://www.nytimes.com/2016/01/29/busin ... e-not.html
NY Post - Plenty of jobs --
http://nypost.com/2015/08/29/dont-worry ... out-there/
CNN -Near record jobs available -
http://money.cnn.com/2016/02/09/news/ec ... -openings/
Plenty of jobs, Stossel --
http://www.marketplace.org/2012/07/27/e ... -want-them
Bloomberg - Plenty of Jobs -
https://www.bloomberg.com/view/articles ... ugh-skills
New York Times - Brisk hiring in Feb. 2016
http://www.nytimes.com/2016/03/05/busin ... .html?_r=0
CBS - plenty of jobs, if you have the right skills -
http://www.cbsnews.com/news/plenty-of-j ... ht-skills/
rEvolutionist wrote:
Wages have been stagnant more or less for decades now. You live in a fantasy world.
There were periods of time of stagnant wages in the past. Inflation and interest rates have been record lows for decades now too. Back in 1980, we had the Carter Stagflation days, where interest rates were up over 10%, inflation up over 10% AND unemployment up over 10%, and gasoline prices doubled in a couple of years. You don't know what you're talking about.
I do, actually. Real median wages are stagnant. They weren't stagnant for decades in the past.
Again, you are dead wrong, at least in civilized countries. Wages have grown over the past few years at rates similar to historical trends. The frequently repeated claim that wages are “stagnant” is at odds with six measures of wages and compensation, which indicate that hourly and weekly real wages (wages adjusted for price inflation) have grown between 1 percent and 2 percent per year since the beginning of 2013. Further, when you are talking about "real wages", you're talking about comparisons based on inflation and other factors. For real wages to remain about the same, it means that buying power and such of a person's wages remain about the same.
rEvolutionist wrote:
rEvolutionist wrote:
And none of this addresses my questions about wtf "white guilt" and "self loathing" are supposed to be.
White guilt and self-loathing is what white males are supposed to feel because they are white.
"Supposed to"? Who says we are supposed to?
Leftist Progressive activists and groups.
rEvolutionist wrote:
And how does this gel with my post earlier about empathy.
I don't know. I didn't read your earlier post, nor do I keep your posts in mind for days when I'm off line, and nobody else does either. Try to make your posts self-contained, so that people know what you're talking about.
rEvolutionist wrote:
You haven't even bothered to address that.
I don't bother with a lot of your posts.
rEvolutionist wrote:
You are more interested in getting on your hobby horse and bashing young people and women.
I don't bash women, I bash modern feminism. Most women don't identify as feminists - feminist =/= woman. I respect women, and I treat them as equals, and I do not, therefore, subscribe to the modern feminist movement, which is itself sexist, illiberal, and authoritarian in nature, as well as dishonest.
I am also not "Bashing" young people. I am simply stating the obvious - that young people have it easier than any generation in the history of mankind, yet they think they have it tough. that's not bashing -- it's no more bashing than your claim that the baby-boomers are the ones who had it easier.
rEvolutionist wrote:
It's a concept being sold by racist leftists applying class theory to identity politics.
Where's it being sold? Where is it suggested that people should feel guilty for being white?
I'll use your line: You live in a bubble, don't you?
“When I was in college, I took a terrorism class. ... The thing that was interesting in the class was every time the professor said ‘Al Qaeda’ his shoulders went up, But you know, it is that you don’t say ‘America’ with an intensity, you don’t say ‘England’ with the intensity. You don’t say ‘the army’ with the intensity,” she continued. “... But you say these names [Al Qaeda] because you want that word to carry weight. You want it to be something.” - Ilhan Omar