Posted on 10/06/2016 8:37:12 AM PDT by george76
“millennials” — those born in the 1980s or later — are a deeply pessimistic generation that is willing to work hard, but is “convinced the economy is failing them,” and is “very uncertain” about the future. The study shows that most millennials are living in quiet desperation. They face a job market that has left even normally employable new college graduates out of work, or employed at well below their potential as baristas, temps, or in low-level retail jobs.
Millennials understand that this situation will have a substantial impact on their lifetime earnings, due to depressed early years and and due to finding themselves on a lower income track than those few that landed higher-quality roles straight out of college.
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The Millennial mindset was dramatically impacted by the harsh economic realities of the Great Recession, which has made them remarkably politically independent, economically pessimistic, and skeptical of traditional institutions. What the establishment doesn’t understand is that in their minds, Millennials did all of the right things – they worked hard, got their education — but they incurred huge amounts of debt and the job market they inherited hasn’t rewarded any of these sacrifices. Now they are deeply concerned about their future.
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30 percentof respondents live with their parents, which rises to 40 percent for singles
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Millennials deeply admire entrepreneurship and believe it is the key to economic success, despite the fact that 90 percent of all new businesses fail within three years. Millennials also believe their biggest impediment to starting their own business is capital:
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Millennials have a very low level of confidence in American institutions. They are “skeptical of the establishment,” while “remaining fiercely patriotic and supportive of a leading role for the United States in the world”:
(Excerpt) Read more at breitbart.com ...
They’re getting economics lessons quickly; they’ve watched the economy serve their parents and grandparents well enough, and now they face much less opportunity.
“Typical, they think the economy exist to serve them.”
You are either blind, or uncommonly cruel, or have a government job.
Maybe all three.
What about our economy has been helpful to millenials?
Not everyone can be a rocket surgeon. The “economy” (depending on how you define it) does “owe” Americans who are willing to work hard the ability to prosper in some small way.
Republicans and Democrats who have made government so huge and intrusive HAVE let millenials and everyone else down.
This generation is the first that has to face the consequences of big government and it’s hollowing out of the middle class.
They feel screwed because the actually do have it tougher, collectively, than any other generation in doing things you obviously took for granted.
Oh, the GOPe is rotten, for sure.
But most millennials don’t vote for them anyway.
What they did do is vote for the past 8 years of Obama—and if they had had it their way, he would have had solid Democrat majorities in the House and Senate the entire time as well.
They have it sdrawkcab as usual. Underemployed Millenials are failing the economy because of their failure of the imagination. What is stopping them from innovating, starting their own businesses, etc.? Answer: Ignorance and sloth. Boundless opportunities await the right combination of genius and effort.
They have to thank their man, Obama for the trajectory. Another term of him channeled through Clinton will be the end for any economy, let alone freedom rights and liberty. Democracy? WILL be gone.
Well they voted for change with Obama and they got it logic would call it pay back.
You’ve highlighted all the main reasons I won’t be moving from this area anytime soon.
I’m far enough outside of Philly that I don’t have to deal with that culture. I love my gun rights. I enjoy a relatively low cost of living while still earning wages made competitive with the nearby city salaries.
My neighborhood, job, and schools are 90% white, 10% other.
There are a lot that are, but there's several reasons why one might not:
investigationof Hillary proved what they're learning (and have learned) about the government to be true: that it is corrupt, unjust, and ought not be trusted. — The desire for justice is great, and we see some of it (albeit twisted) in the rise of things like SJWs and BLM… both are problems that we simply would not have if we, as a rule, had true justice.
Question: How much does it cost to get a business going? How much intrusion is the government going to have in it with regulation? How much is the government going to confiscate via heavy taxation? How easy would it be to offend some low-level functionary who will thin go out of his way to make things unnecessarily difficult for you?
When the game is stacked enough against you, the smart thing to do is not play.
The Golden Rule
of gambling is this: never gamble more than you're willing to lose
— and while nothing in life is a sure thing, with the amount of taxes, regulations, pettiness/cruelty of government, and the new reality that the government can (a) pick winners and losers [X is 'too big to fail', but you aren't.
] and (b) violate the established rules [like w/ GM's bondholders].
Guess how I was able to know that......
I’m betting you’re in the same boat. haha
Tell that to the folks with STEM degrees who live in an economy that, increasingly, realizes that sourcing these valuable jobs (that stand at the foundation of building more expertised careers in these real and tangible fields) to India and parts elsewhere is cheaper than paying and providing for American workers, dealing with American property issues, an dealing with American regulations. These folks haven’t been a decisive election block at all, many haven’t had a chance to vote for a principled conservative, and our nation needs better policy at home and abroad more than it needs cheap lines like these.
To the folks that your line describes, it’s absolutely true. But let’s not cram engineers together with underwater interpretive pan-gendered basketweavers. We’re at the vanguard of making changes to this country to make it great again, and it’s better to let these folks know what they’re really up against rather than give them something that a New Yorker cartoon would print.
Keep reading the thread...
The economy is failing and they will fail the economy if it really does turn up. They are betas- male and female and have not education for anything useful or the drive to make a living.
There no argument that government intrusion is a barrier to business creation and growth. It’s been that way for a long time, during which some people have done fantastically well, often by working around the barriers. Success has always been difficult. Making excuses not to try is sad.
I agree, bootlegging certainly did make some people wealthy, namely the organized crime families.
Are you sure you want to go that route again?
Civil authority will break down at the loss of electricity, etc.
Ohh I agree -
but ‘shhh” ;)
Before I went Galt I made a great living in commercial real estate redevelopment in Southern California, where intense government interference and rapacity were the norm. We were highly successful yet never violated the law, paid bribes, played politics, or got special favors. There were constant attempts by government agencies to get something for nothing; figuring out how to deal with this was part of the challenge. Not sure what kind of life experience you have had, but millions of people have decent jobs and successful businesses without being crooks. Would a free market and free society be better? Heck, yes, but people need to cope with reality while trying to force the political shark back into the tank.
Socialism as well.
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