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originally posted by: nerbot
a reply to: toysforadults
Can't say I care about millenials. They see further education as normal and expect to have a highly paid job right from the start and fall foul when they relise they have to actually work hard and promotions are not just around the corner.
Welcome to the real world.
originally posted by: jacobe001
Where does Bilderberg and CFR Meetings and Corporate Globalism fit into your narrative?
That has a lot more to do with things today than anything.
originally posted by: Krakatoa
And how many Millennials have a cell phone (with accompanying monthly payment), Internet access to post their narcissistic rantings (with accompanying monthly payment), and monthly cable/TV payment that the boomers did NOT have to spend their money upon? That Boomer money went to essentials like food, housing, transportation.....things to help keep you and family alive. Not things that help you whine and moan about your lot in life all while expecting someone to fix it for you.
originally posted by: Willtell
a reply to: ChaoticOrder
My friend a few posts up I went into the hidden causes of what you speak of(root causes) about the Club of Rome and their Limits to growth philosophy.
originally posted by: cenpuppie
a reply to: Willtell
An A+ PC tech could get 50 60 grand, not anymore.
Down to $15 an hr in my area and it's all customer service now. An IT tech like you describe gets the same pay but it has to be in-house.
I'm working on mine , they want that certification!
In-fact trickle down and deregulation in the past has produced utter failure: 2007-8 massive recession.
right now this is still the Obama economy.
No what caused that was a flood of toxic mortgage assets caused in large part by the governments affordable housing policy, leading to a housing bubble. So ultimately the cause comes down to banks taking on too much risky debt and the government even encouraging them to do it through a virtuous program aimed at helping the less wealthy
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. ~ Ludwig von Mises
As one of the world's leading international financial centres, Hong Kong's service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure it is fully market-driven. There is no officially recognised central banking system, although Hong Kong Monetary Authority functions as a financial regulatory authority.
According to Index of Economic Freedom, Hong Kong has had the highest degree of economic freedom in the world since the inception of the Index in 1995. Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the global financial turmoil. The 2017 version of the Economic Freedom of the World Index lists Hong Kong as the number one nation, with a score of 8.97.
Hong Kong's economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US $408 billion as of mid-2017, rigorous anti-corruption measures and close ties with the mainland China. Despite the downturn, these strengths enable it to quickly respond to changing circumstances. It has the most efficient and a corruption-free application procedure, the lowest income tax, the lowest corporate tax as well as an abundant and sustainable government finance. The government of Hong Kong consistently upheld the policy of encouraging and supporting activities of private businesses
Economy of Hong Kong
originally posted by: diggindirt
a reply to: Gothmog
I'll bet a lot of us had jobs well before we grew up. I began earning and saving money when I was seven years old. An elderly neighbor paid me to exercise and groom her dog when she didn't feel up to it. My brother had a paper route at seven and collected a lot of cash in summer mowing yards and cleaning out flower beds for ladies in the neighborhood.
I would venture to guess that the majority of the kids in my class at school had some sort of job by the time we were in junior high. By that time we were getting serious about saving money for a car.
In the past couple of decades at least, I've noticed that students who participate in any sort of extracurricular activity can't hold a job. At least that's what I hear from parents who are going into debt to finance the extracurricular activities. I wasn't alone in holding a couple of jobs while participating in sports and civic organizations during high school. Our parents didn't think idle teens were a good idea.
The Millennials I know personally who are doing well in their careers and life in general were raised by "old fashioned" parents. They may have collected the participation trophies in school but they were taught by word and action that working toward a goal is enriching experience. They were given the opportunity to fail at home and the opportunity to learn from their failures.
Our biggest desire was for a transistor radio that it would take us 20 hours of work (at $1/hr.) to earn. Or a $30 record player and a few $1 singles.