Posted on 05/21/2024 12:20:01 PM PDT by DallasBiff
The downturn of the pandemic economy has hit many groups hard. But for many millennials — those born between 1981 and 1996 — and Generation Z, who follow them, that pain — plus a number of other factors — are creating questions about who is responsible. Over the next few nights, economics correspondent Paul Solman is going to examine this. He begins tonight from the perspective of some millennials.
(Excerpt) Read more at pbs.org ...
"In 1966, NOW is founded and the fight for equal rights for women begins"
How so is that?
I bought my first home in 1987 right before I got married. The interest rate for my home loan was 12% and I thought that was great, being that a little before then rates were in the upper teens.
Isn’t it ironic that the Greatest Generation gave birth to the worst?
and no, you can't blame spending on lattes at Starbucks or smartphones to explain away the above. The country has adopted policies which have definitely made things tougher for all but the wealthiest.
For example:
What would happen if we radically slashed H1bs or imposed a hefty annual fee for each one such that it was MORE EXPENSIVE to hire a foreigner than it would be to train and hire an American? Corporate profits would decline slightly but lots of young Americans would get jobs and would get their feet on the career ladder who are not getting that now.
What would happen if we closed the border, deported tens of millions of illegal aliens and cut legal immigration? (Congress doubled it in 1990 from half a million to a million a year.....why?) That would greatly reduce demand for housing. Pushing the likes of Blackrock and Vanguard out of being able to buy residential real estate would lower the cost of houses further.
What would happen if we radically slashed administration at universities by about 75% back to where it was 40 or so years ago? College would get significantly cheaper.
What would happen if we slashed expensive and unnecessary regulation on businesses and imposed hefty tariffs on cheats like China? More companies would re-shore manufacturing creating good middle class jobs. Yes, the cost of some goods would go up but the benefits to social stability/cohesion and national security would far outweigh the costs IMO.
These are all choices the politicians have made. We could reverse course if we wanted to.
Entitlement, ingratitude, and a false understanding of what life was like for us.
Liberal Tom Brokaw coined that fake term to sell his book.
What years are you counting for the “Greatest Generation”?
Invincible Faith...the aura of personal gift power responsibility. “Pep in the Step” ALWAYS.
“You cannot serve Yaweh and Mammon.” - Quote: The Word made Flesh.
Resurrection Power.
Not sure what you are taking exception to here. Sounds like you are a genXer.
What did the average home cost as a multiple of average earnings in the 70s? The 80s? Look at it now. Its at least twice as expensive in real terms.
Both terms are false and highlight the idiocy of generational stereotyping. Thanks for the example.
Those that were born in the early 20th century, many of which fought in two world wars.
What years are you saying America’s greatest generation in history were born?
They don’t seem to understand that the present and future belong to everyone, not just them.
I gave you a pretty good window.
That's a lie.
Boomers knew how to start small, save money, and didn't think they were entitled to start life in their 20's with the level of living their parents attained after decades of work.
Kids these days look at what people have in their 60's and think they are owed it, too, not considering where their parents started from.
Lucifer’s Boomers, are now running “America”
Both my father and mother grew up on dairy farms in WNY.
Dad went through the Depression. So, he never hired anyone to do ANYTHING with one exception. At 500K miles he had the Detroit Diesel engine on the White Freightliner Semi tractor rebuilt.
I think if he had the machinery to rebuild the engine himself he would have. He was a very good diesel mechanic and had been a field mechanic after the war for Yale & Towne.
That would probably include the parents of every man who ever walked on the moon.
Sadly, parents like you are the exception instead of the rule.
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