patrick.net

Trumpligula should keep him on speed dial. You never know when a good criminal would come in handy.

Many economics statistics are not that negative: Americans private wealth, unemployment, home prices, retail sales....

But all these statistics mask how the status quo was maintained while the economy was hollowed: i.e. by loading more and more financial weight on the youngest generations:
- high home prices: good for boomers, bad for millennials
- student debts: injects money in the economy, but load the millennials like donkeys from the get-go
- exploding national debt
- unfounded pensions.
etc, etc...

what's next? divorce?

Flakes with degrees in humanities, comm, phych, ...............

Dummer than high school..............

Obamacrats - stupid is good, just ask the MSM! I need some weed........

where are the "you stand for nothing" crowds.

never seen them in threads like these.

Interesting article. Why won't they just retire?

https://www.theatlantic.com/business/archive/2012/10/who-destroyed-the-economy-the-case-against-the-baby-boomers/263291/

"CRESCENT LAKE, Ore.--My father taught me how to throw a baseball and divide big numbers in my head and build a life where I'd be home in time to eat dinner with my kid most nights...

...On behalf of future generations, I am accusing him and all the other parasites his age of breaking the sacred bargain that every American generation will pass a better country on to its children than the one it inherited....

...Ultimately, members of my father's generation--generally defined as those born between 1946 and 1964--are reaping more than they sowed. They graduated smack into one of the strongest economic expansions in American history. They needed less education to snag a decent-salaried job than their children do, and a college education cost them a small fraction of what it did for their children or will for their grandkids. One income was sufficient to get a family ahead economically. Marginal federal income-tax rates have fallen steadily, with rare exception, since boomers entered the labor force; government retirement benefits have proliferated. At nearly every point in their lives, these Americans chose to slough the costs of those tax cuts and spending hikes onto future generations....

...They will leave the workforce far wealthier than their parents did, with even more government promises awaiting them...Those retirees and near-retirees bequeath a shambles to their offspring..".

They are retiring now at least.
Finally.
Generally the most useless baggage at any university, corporation or firm, they're finally taking that golden parachute to inconsequence.

Entitlemented says

phych

Psych is ok if you are willing to get to the phd level

Indiana Jones says

Lawyers come to mind here

The thing not mentioned here also is that the purchasing power of the dollar has dropped greatly since the days when boomers were in their 20s and early 30s

Ironman says

Atlanta named one of America's top 'murder capitals

Take a look at huffpo article....although the poverty rate in the 5th district is about 17% with unemployment rate of 8.2%, they only show tweets from mostly white people living in good neighborhoods.

If you take out buckhead and Druid hills, most of district is crap

Strategist says

Ironman says

Ironman says

Ironman says

Ledesma graduated from college four years ago. After moving through a series of jobs,

Gee, I can't figure out why she's having such a tough time finding a good job, can you???



-

-


I wonder if that GREEN hair is any giveaway???

She would fit in perfectly in California, and make a $100,000 per year.

Depending on where she went to school, who she knows and what her skills are? Yeah, maybe.

Ironman says

Indiana Jones says

So Sad, they had to work for 25 YEARS, 50+ hours a week at ONE company to get that pension....

Not my job. That's the mainframe crowd.

MMR says

Indiana Jones says

Lawyers come to mind here

IBM is said to be thin on certain skill sets specifically because of all the Boomer retirements. I was just in Minneapolis and saw it first hand.

KILL THE BOOMFUCKS! KILL THEM ALL!

Then what, no more demonized sin eaters for the whining MillXYers? Guess they will need a comet from space to cry over and blame.

rootvg says

Depending on where she went to school, who she knows and what her skills are? Yeah, maybe.

And who "IT" is blowing.

Ironman says

Over the past few years, as the Millennial generation has grown into its own, in 2016 surpassing Baby Boomers as the nation's largest living generation according to the Census (Americans aged 18-34 in 2015 now number 75.4 million, surpassing the 74.9 million Baby Boomers aged 51-69), in the process becoming the fulcrum support of the US economy, it has also prompted many questions:

Why aren't Millennials investing in the stock market?

Why aren't they starting families and buying houses?

Why are they living in their parents' basements well into their thirties?

Why don't they just... spend?

The latest answer to all these questions came yesterday following a new analysis of Fed data by the Young Invincibles group, according to which with a median household income of $40,581, despite being better educated, millennials now earn 20% less than boomers did at the same stage of life in 1989, who earned $50,910 some 25 years ago.

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Her problem is location. She and her BF need to move south. They'll never do well in Milwaukee unless they're doctors, nurses or lawyers and maybe not even then.

It's going to be Altamont Inaugural! Hell's Angels with swinging chains, to wrap around liberal pencil neck geeks and watch them go red, swollen and bug eyed.

A few pool cue love taps here and there, and helicopters dropping tabs of bad acid, this could be a really cool event.

In its most recent survey, the National Association of Colleges and Employers found that for 10 broad degree categories ranging from engineering to communications, 2016 graduates are projected to have an average salary of $50,556. That's up 5% from 2014, when new grads earned an average of $48,127.

Be mindful

70% of student loan debt is under 14K
Less than 3% are over 100K

Go to school, if you can't go to school get a trade show skill job, if you don't want to finish high school or go to college and not get a skill job

May the odds be with you

Ironman says

Just STOP with your BULLSHIT, dishonest charts!!!

However, to Iron Man's point

Young M's

Any generation that can't pay cash for anything they want or need are
FAILURES.
Proof?
Others have,so what's your excuse?
Thank god it's not your fault.

What does one call an expert troll that reached a level that no other
could even begin to approach?
HEY YOU!

Art of the deal:
You fucking trash,KILL YOURSELVES!
Or we will never stop BOYCOTTING ALL Republicans.
The Republicans may kill you first for messing with their wallets.

Logan Mohtashami says

Interesting chart. Real earnings have gone down over the last 15 years. For all education levels.

Productivity, however, has gone WAY up over the same period. I know Logan doesn't see a problem with that, but count me as one un-American SOB who thinks this is a HUGE problem.

Tim Aurora says

I think he is making that up. I think the real reason is that he does not want to lose audiance and does not want to offend Trump

Lefties, lefties-just when you think the left can sink any lower. This will probably be the next leftie choice for president. In your bizarro world, this is sane.

www.youtube.com/embed/smNliNd1Lag

joeyjojojunior says

Productivity, however, has gone WAY up over the same period

Taking the bait in this forum is getting way to easy. The great liby lie of the left... Majority of all producitivy gains came in the manufacturing side of the economy and yet they distribute the Income curve to all incomes ..... One of the most useless charts I have ever seen is that Productivity/Income chart.. not even the Russian Trolls use that garbage

Let me show you the true light

This is why the Demons lie, because the truth would show with bring the light that would cast the shadow away

Not much different between the extreme left and right on this site... but ... you're very entertaining to my followers

But I digress, have a wonderful Sunday!

Logan Mohtashami says

Taking the bait in this forum is getting way to easy. The great liby lie of the left... Majority of all producitivy gains came in the manufacturing side of the economy and yet they distribute the Income curve to all incomes ..... One of the most useless charts I have ever seen is that Productivity/Income chart.. not even the Russian Trolls use that garbage

Let me show you the true light

So was the first chart you posted a lie? It shows real earnings down over the last 15 years.

You should really look more closely at the charts you post else you post one that tells the true story like that one did.

But, you have a great Sunday too!

joeyjojojunior says

So was the first chart you posted a lie? It shows real earnings down over the last 15 years.

No it was bait AP ... :-) because you always use the P+I thesis and then I counter with all the data.. the left are as predictable as the right, I have charts for each of them

All of you go out and take a walk, watch football.. stop worrying about your kids, I know all your kids are going to do great!

Ah, yes. Everything you post is bait. I forgot. I'm afraid you've "caught" something a little bigger and a lot smarter than you can handle, unfortunately.

You're not dealing with the idiots who go to your conferences. People on pat.net see right through your nonsense.

joeyjojojunior says

idiots who go to your conferences

Exactly these are actual real people, economist, professional analyst, government officials, people who make their living off data reading.

How could they possible be as smart as the the old trolls of Pat.net I mean the same old 14 people who cry about America every day

Keep on crying... that's the entire point

Tim Aurora says

Ironman says

Opera star Andrea Bocelli backed out of singing at Donald Trump's inauguration after receiving death threats

I think he is making that up. I think the real reason is that he does not want to lose audiance and does not want to offend Trump. So as usual he is following Trum's footsteps and resorts to lying to get out of a sticky situation

Based on what? Isn't it idiot Marcus and other lefties who run around here accusing Trump supporters of the "feels"

Logan Mohtashami says

That is an interesting chart. What happened?

indigenous says

That is an interesting chart. What happened?

One item that we should look at is ages 16-17 rather than 18-19 because you be going to school at that age, more people are going to college. Women are now more educated than ever from a younger stand point.

Service sector base jobs ( some only) are being filled more by less skilled and less educated older Americas

Like all the data shows

The great recession, exclude Real Estate, Finance and Government jobs, it was mostly service sector jobs that were lost well over 140 Million Americans were working through out the Great Recession

Logan Mohtashami says

Service sector base jobs ( some only) are being filled more by less skilled and less educated older Americas

That makes sense

You can't ignore the obvious that regulation impedes younger workers from entering the workforce.

Or the fact that they don't want to work for whatever reason.

indigenous says

You can't ignore the obvious that regulation impedes younger workers from entering the workforce.

Or the fact that they don't want to work for whatever reason.

Job openings in America hit a world record high in 2016 and duration period the longest. Germany has an excuse for their numbers, they're very old, we have a rough patch of demographics from 2008-2019.. but not for ages 16-19, these were very heavy demographic patches in this cycle

logan - i think gen X is actually coming online stronger than gen Y in the near term.

their house purchases (and salary growth) have certainly been delayed due to prior recession/crisis events of the last 16 years but that is now shifting.

one problem with gen Y seems to be lack of entrepreneurial behavior. they are lackluster when it comes to developing new ideas and growing business.