Welcome to your future Millenialls and Gen Y... welcome to Neo-American Feudalism

Yup. This is an issue I am currently grappling with. Move to a popular tech town to finally step into an IT roll or stay here working a low wage manufacturing job with no future as a printing press operator in a dying community.

Either we move somewhere where the jobs are but still can't afford to live or we stay where we are and can't afford to live. Don't worry about retirement or saving money that isn't happening.

Fuedal system

In a feudal system, a peasant or worker known as a vassal received a piece of land in return for serving a lord or king, especially during times of war. Vassals were expected to perform various duties in exchange for their own fiefs, or areas of land.

Hmmmmm, so how long is it until Lord Bezo (Jeff Bezos CEO of Amazon) and his soon to be 100 billion dollars and first ever 1 trillion $$ market share company start purchasing housing in Seattle for his employees rather than paying them enough to make the choices they sit fit for themselves??

GeekWire

Whether it’s deserved or not, the Seattle tech community has become a target for the frustrations of longtime residents grappling with the rising cost of living, and housing affordability issues.

Austin Housing Shortage

Austin's housing shortage spreading to suburbs

Santa Barbara Housing Shortage

Boston Housing Shortage

10 cities with housing shortages

Seattle, Washington: available for sale, 0.4%; year-over-year decline, 13.4%
Eugene, Oregon: available, 0.6%; decline, 27.3%
Grand Rapids, Michigan: available, 0.6%; decline, 24.7%
Buffalo, New York: available, 0.6%; decline, 15.9%
Fort Wayne, Indiana: available, 0.8%; decline, 24.9%
Sacramento, California: available, 0.6%; decline, 5.5%
Detroit, Michigan: available, 1%; decline, 25.7%
Portland, Oregon: available, 0.6%; decline, 14.2%
Santa Rosa, California: available, 0.4%; decline, 1.8%
Omaha, Nebraska: available, 0.8%; decline, 15%

Notice... many of those cities are known for Tech. Detroit actually surprises the crap out of me I wonder what's going on in Detroit and maybe I should invest??

Millenialls not saving for retirement

This isn’t the first time you’ve heard it: millennials aren’t saving enough for retirement. In fact, at the rate millennials are currently saving, some won’t be able to retire until well into their 70s.

Not surprised considering the devaluation of the dollar and the historically low interests rates. Long gone are the days of the 90's with proper % returns on basic investments and savings accounts.

Mill's and Gen Y not buying cars and houses

illennials have produced plenty of anxiety for automakers. As the stereotype goes, entitled young adults would prefer to hail an Uber, take public transportation or even hitch a ride from Mom instead of driving; an unusually large number of young millennials haven’t even bothered to get a driver’s

Housing cost

The problems facing millennials include an economy where job growth has been largely in service and part-time employment, producing lower incomes; the Census bureau estimates they earn, even with a full-time job, $2,000 less in real dollars than the same age group made in 1980. More millennials, notes a recent White House report, face far longer period of unemployment and suffer low rates of labor participation. More than 20 percent of people 18 to 34 live in poverty, up from 14 percent in 1980.

Now before you go on about your garbage about people buying cellphones over houses that is such nonsense I can't even believe it.

Conceptual math . org

Education: Before 1970 an American stood fair odds of entering the middle class without a college degree. Many skilled labor jobs paid enough for one income to support a family at a middle class level. Most high schools offered classes so that boys could develop those skills. Many companies offered on the job training at the company's expense.
Now its almost impossible for a citizen to stay out of poverty without a college degree. The cost of college has risen much faster than the official rate of inflation. Frequently workers need retraining that they are required to pay for themselves. Education has become a mandatory cost for citizens which is not included in the standard basket calculation for inflation.
Transportation: Before 1960 a typical American could get to work, services, and shopping without a car. They might have relied on mass transit for some transportation. Back then, looking for a job was called "hitting the pavement" because a person would walk to all the local companies to find work.
Now, due to a major shift towards suburbanization resulting from a combination of factors including zoning laws and subsidies and regulations that favor large corporate chains over small businesses most Americans can not accomplish anything without depending on a car to do it. Many poorer Americans live in food deserts. They can not find access to food, jobs, or services without a serious drive. A personal car and all the related expenses: fuel, maintenance, and insurance are part of the mandatory costs of being an American citizen. Cars must be added to the standard basket calculation for inflation. The increased distances we must drive to find jobs, goods, and services must also be added.
Resources: Before 1990 most jobs were advertised in local newspapers. Before 1970 a person could go to the company and apply in person. Now most jobs are listed on the internet. Most jobs require computer skills. Computer skills are changing so rapidly that a person needs constant practice to keep up. A home computer with internet access is now mandatory for staying out of poverty and improving one's position in the economy. Computers and internet access are now necessities that must be considered in the cost of living.

Housing: During this same period the cost of housing has gone up significantly. The portion of income that Americans spend on rent and mortgages is now much higher than it had been back in the 1950s. Many Americans now spend more than 50% of their income on housing. Increased instability increases the number times an American will be expected to relocate to find work. Relocation is very costly.

My official predication is that the new state (the corporation) is going to start providing housing before raising the wages of employees and it will market it as a new benefit and try to make it look cool.

Continued:

The large companies (new state) will now offer housing as part of it's benefits package and increase it's value through the acquiring of new assets to support it's workforce.

We are going back to the early 1900's.

Millennials and Gen Y my message to you:

We are going to have to start working together and create a labor union with political clout similar to that of many European countries. We need to work together and demand more for our work and for our time.

a reply to: toysforadults

Why even work for anything? Why not develop a substance abuse problem and anger issues and have 6 kids and get on that wonderful magic carpet ride? Seems to work for a lot of people.

I hope they at least start culling us humanely when the robot revolution happens.

a reply to: toysforadults

Excellent thread! Wages haven't gone up in decades, yet inflation has been on the rise.

You can thank the Supreme Court decision to allow unlimited campaign contributions from companies along with lobbyists. Our "elected" (bought) politicians are stripping away citizen rights and giving the power of monopolies to control our economy.

As if it wasn't bad enough, the two party system distracts most who are affected. Democracy is only as strong as the people voting. And with a roughly 50% eligible voters showing up for a presidential election (one of the least important politicians), we don't have much of a voice.

Assuming a fourth of them tune into unbiased information and keep up with current events, we're still at the mercy of money in elections.

Millennial in my mind is only a patronizing way to generally try to speak to people that are 'younger' than you with the explicit intent of sounding condescending in the first place. No one that is a "Millennial" really calls themselves this, only people looking to talk about 'the next generation of stupid kids, who remain stupid until there is another generation to hate on'.

Most of the older generation that I interact with are idiots compared to Millennials I've met, and the generation before them even dumber many times, some would call this a 'pattern'. I'm not speaking about simple day-to-day life things like Driving, and Computer use, but critical thinking in general. The idea they aren't just 'bad' at video games for example, but literally incapable, while currently 5 year old absolve enough of their environment to understand a button push relates to another event, feels disgusting to me. Imagine having to explain to someone how to use an elevator every opportunity it's used, and that's roughly how it feels having grandparents with a computer and email.

Millennials this, Millennials that, the Baby Boomer group sure pisses me off the most, and are the last people that would ever take advice. It's only fitting they demand to serve it. The audacity the older generation has when talking down to the young ones is fierce though particularly this time around. Generally it's spoken like Millennials are all damned idiots and will never accomplish anything, while we sit here with your old ass bitching, and Millennials discovering cures to diseases and self-making billion dollar companies like SnapChat and Facebook, that the older generation is too old and inept to even figure out 'how to use it', but still stand to mock their decision making skills in the face of this- even directly to the smartest ones, like that's the whole huge joke that successful Millennials are idiots as well.

Discrimination based on Age, Older>Younger is a real and worsening thing. An older man on a plane, sitting next to me in First Class started yelling at a Stewardess about a crying baby, and about how rich he was, blah blah blah, he deserves such respect and how he would sue people this and that, no one wants to hear it. I'm 100x your networth, sit the hell down and enjoy your peanuts that were upgraded to Steak, or did you not notice me dressed in pajamas? The seriousness of the attitude is the worst part. I can't stress that enough. Most of you will be reeling in your graves against what is no doubt your failed personal expectations. You have dwindling retirement because that is the scam you bought into for your life. Opportunity for Millennials has never been better and the ones who lack it just don't work at all. The "Work, Work, Work" attitude kills you and Millennials respect personal self-comfort levels. Working yourself into a grave isn't cool, rest allows better work. Maybe my issue with the man on the plane was the fact he felt like he had to display his pathetic wealth like it matters, many people in the 1% of the 1% don't even matter, there is no reason to actually give a damn once the real lines are set.


But I will say this, calling a Millennial stupid holds about as much footing as calling an American stupid. Anyone being that general is obviously the stupid one. The constant nagging like they're incapable of thought and need people to decide things for them, and their whole generation, is insane. Lets be real here, the biggest issue Millennials face is how the hell we're going to take care of the dying Boomers that excessively demand the highest possible quality of life in their final years.

a reply to: CriticalStinker

Good point, we have no idea what the truth is anymore and it is in a way immobilizing our ability to act on it.

It's also hard to educate yourself while willfully remaining ignorant due to your unwillingness to admit fault or concede a point because of your emotions or because of your ego.

a reply to: DoneWithHumans

Well...

I agree that the focus on wealth is culturally disgusting oh in fact allow me to create a thread on that. I also agree that our entire being shouldn't be dedicated to work. The entire "work until you die" ideology is such garbage I think a lot of younger people see through it while the older generations cling to it like some odd mantra. The indoctrination was much stronger back then/.

originally posted by: NarcolepticBuddha
a reply to: toysforadults

Why even work for anything? Why not develop a substance abuse problem and anger issues and have 6 kids and get on that wonderful magic carpet ride? Seems to work for a lot of people.

I hope they at least start culling us humanely when the robot revolution happens.

Yeah that's all well and good, this wonderful majic carpet ride is now responsible for people losing the plot all over the place, generations with no morals, standards or education. YAY.

a reply to: toysforadults

You only need ONE job and don't need to move to find one that appeals to you.

This is the same mentality of people that can't find a mate. You don't look for a job or a mate in bulk. You just find one that meets your needs.

I am a Millennial.

Without saying anything rude, your thread is completely bogus and made up.

1. Jeff Bezos, even if he has 2 trillion dollars, is not the cause of the high prices we see around the country.
2. There is no housing shortage.
3. Baby boomers are the most God Damn useless generation I have ever had the displeasure of dealing with followed by Gen X
4. The World/Future is what you make of it.

I think it's fairly obvious that those who cannot just criticize those that do. Don't worry Emo kids, Justice will be yours one day. In Heaven..

a reply to: hopenotfeariswhatweneed

As opposed to what generation before having Morals? Which one was this?

Was it the generations that allowed/did nothing about slavery in the world for so long? Was is the generation using water cannons against people of a "different color"? Perhaps the generations that wanted long drawn out engagements militarily in Korea, Vietnam, etc.

Are these the generations that carry with them, the moral fiber and compass we need to be seeking?

Lulz, k.

a reply to: SR1TX

3. Baby boomers are the most God Damn useless generation I have ever had the displeasure of dealing with followed by Gen X

So you are annoyed by hard working people that take responsibility for their lives?

You really can't make this stuff up...just WOW.

a reply to: Metallicus

Hard working>???


Ahahahahaha. Yeah, right. So hard the baby boomer generation is at working that you guarantee yourselves ridiculous pensions that pay out forever and then some, leaving the next generation on the hook for your bogus payouts. Most of the countries municipalities and states are CHOKING on this Baby Boomer madness and it's likely going to leave many of them in out right ruin and disaster.

If that is the generation you are apart of, trust me when I tell you, your are a plague on the economy. A substantial, burdening, and menacing, financial plague.

What a joke.

Won't be long before housing becomes a "benefit"

That is no mystery,these liberals that are in office are tools of the elite,they preach the entitlements,when in fact they want to own you,these ignorant fool's can't see the hand writing on the wall,one thing that does still exist,you give zero effort you will get a zero result,the government will own everything,including your housing and food,the demise of many natons,lazyness

I must be one of them statistical out liars.

The baby boomers call me a millennial, but the kids entering the work force think I'm part of the problem...

All I did was to use my schooling to get a job, then use my job to buy more schooling, which I then in turn used to get a better job.

Working hard for over a decade has made me the bad guy according to the "kids these days" - but that's all we really had as an option when I grew up. My parents are in the trailing edge of the baby boomers, they had to work hard too. Their whole lives- I've been there for half of it, and seen what they accomplished.
I will say that they had the benefit of having bought property before the 90s. Back then, rapid inflation was still being converted into profit for property owners.

We were raised to work hard without a participation trophy, and none of my siblings suffer from the "millennial" syndrome.

a reply to: lordcomac

You are a fool is the problem.


School costed close to nothing still when you were in it as opposed to now and guess what generation made it possible to saddle Millennials with tons and tons of student loan debt so as to make sure they could get loans taken out against those students as collateral.

The ignorance of the previous generations is both staggering, and appalling.

a reply to: toysforadults

It is, it's called section 8.

originally posted by: Oldtimer2
That is no mystery,these liberals that are in office are tools of the elite,they preach the entitlements,when in fact they want to own you,these ignorant fool's can't see the hand writing on the wall,one thing that does still exist,you give zero effort you will get a zero result,the government will own everything,including your housing and food,the demise of many natons,lazyness

Everyone is complaining the old people are ignorant/arrogant.

You could at least spell "nations" and "laziness" correctly when bitching about 'stupid liberals' Mr. old timer.

Also, space after comma, ? I can't even imagine someone doing that, it makes me wonder if your account is artificial intelligence and the whole thing is pasta.

originally posted by: Metallicus
a reply to: toysforadults
You don't look for a job or a mate in bulk. You just find one that meets your needs.

But generation Y isn't just polyamorous, we're also polyproletariat. Lol.

Never settle until you are happy. And not even then. When the generation before you has removed most upward mobility, variety breeds contentment.