Millennials - Not worth employing

[brianmanahan]

my christian high school didn't do any money math

just remember the ol %10 tithe

and everything else will take care of itself

 

[brianmanahan]

I mean, everybody wants to make money

people don't want to make money

people want to spend money

 

[Red Squirrel]

Actually, it was shown CEO's of major corporations were right there in the arena of nutters. They live in their dream land and are fed by and encouraged by yessir men and women.

That would not really surprise me. With all that power, money, and everything that comes with it I think they quickly forget what normal life is for the rest of us and live in their own little world. I think even the good ones start to fall into that after a while.

 

[BarkingGhostar]

They live in a world where they are protected from death threats--not from their customers, but their employees. They think they control culture, not society at large. Randall Stephenson left AT&T in a state that it was the most in-debt company on the planet and achieved none of his effing psychosis.

 

[ch33zw1z]

They're not for you, then. My point is that one does not start learning them at work.

There's plenty I've learned at work, and my employer has spent hundreds of hours training me.

I think we agree tho, there's some things that should be taught and reinforced from an early age.

 

[ch33zw1z]

I mean, everybody wants to make money, and no one wants to lose money. If that's not incentive enough to educate yourself about it, I don't know what is.

American consumerism == spend money, and don't really care where it comes from. It's how Americans on average are buried in debt, and a large part of that is compound interest.

 

[BarkingGhostar]

When I started working for the devil, I got hired the same time as another. His philosophy was the only way to get back at the man was to die with the most debt possible. He made sure he had no children to pass that debt onto.

 

[ch33zw1z]

When I started working for the devil, I got hired the same time as another. His philosophy was the only way to get back at the man was to die with the most debt possible. He made sure he had no children to pass that debt onto.

An interesting philosophy. I got a couple kids, so too late to roll with that one

 

[IronWing]

Debt doesn't pass to the kids in America.

 

[FelixDeCat]

Debt doesn't pass to the kids in America.

Except the debt to serve America.

 

[FelixDeCat]

I got as far as Calculus in High School, but was never really taught "Compound Interest". I really believe that should be taught, at a reasonably early age, at least by grade 8 or 9.

I got as far as Alegebra II and four years later wrote a program calculating compound interest on overpaid amounts for a mortgage company in the early 1990s. I wasnt even a programmer, I just bought a book on BASIC and used some business math I learned in HS.

 

[ch33zw1z]

I got as far as Alegebra II and four years later wrote a program calculating compound interest on overpaid interest for a mortgage compnay in the early 1990s. I wasnt even a programmer, I just bought a book on BASIC and used some business math I learned in HS.

Cool tho, you had a business math class in high school, and it looks like it helped you. I think something that that should be mandatory education throughout our early and continued education

 

[BarkingGhostar]

Debt doesn't pass to the kids in America.

Maybe not formally, but ignorance and a party willing to try can and has been successful.

 

[brianmanahan]

Debt doesn't pass to the kids in America.

except in PA, which has the filial support law where medical care providers can go after the kids to recoup the money

 

[ralfy]

There's plenty I've learned at work, and my employer has spent hundreds of hours training me.

I think we agree tho, there's some things that should be taught and reinforced from an early age.

Hopefully, not what was described in the studies.

Also, it's illogical for employers to do so if they can find applicants who will be paid the same wages but require less training.

 

[ralfy]

American consumerism == spend money, and don't really care where it comes from. It's how Americans on average are buried in debt, and a large part of that is compound interest.

Not just that but competition, too. That is, if with applicants paid the same wages, companies will generally hire the one who requires less training. Also, technical skills may soon become outdated, and soft skills needed for higher positions that involve even more competition.

On top of that, it's the same consumerism that's the source of revenues of companies, with part of those revenues going to wages of employees who are expected to be more productive each time due to competition between companies.

What about debt? If wages can't go up as much and more goods and services have to be sold in pay employees, then more borrow to buy more goods and services (which both companies and employees who are also consumers need), and the money lent by banks which can only earn (and earn more) by lending (and lending more).

And the profits from companies churned into the system to expand and produce more goods and services to sell to more consumers who are also employees who are paid more by selling more goods and services to consumers (who are themselves), and if that's not enough borrow more from banks which need to lend more to earn more, and so on.

And then there's financing: not just the rich but also businesses and employees who want to use their savings or profits to earn more in investments and even speculation, with additional credit churned into more investment and speculation, if not the increased production, consumption, borrowing, and spending described above.

For which governments report increasing economic growth, which is part of the reason they are elected to power, for which they want to ensure that it goes on.

 

[ch33zw1z]

Hopefully, not what was described in the studies.

Also, it's illogical for employers to do so if they can find applicants who will be paid the same wages but require less training.

Logic doesn't always factor into employment 😉

Those soft skills you mentioned earlier could sway an employer, hiring someone that maybe needs more training but has people skills that encourage a more amicable workplace, which is good for productivity.

 

[ch33zw1z]

Not just that but competition, too. That is, if with applicants paid the same wages, companies will generally hire the one who requires less training. Also, technical skills may soon become outdated, and soft skills needed for higher positions that involve even more competition.

On top of that, it's the same consumerism that's the source of revenues of companies, with part of those revenues going to wages of employees who are expected to be more productive each time due to competition between companies.

What about debt? If wages can't go up as much and more goods and services have to be sold in pay employees, then more borrow to buy more goods and services (which both companies and employees who are also consumers need), and the money lent by banks which can only earn (and earn more) by lending (and lending more).

And the profits from companies churned into the system to expand and produce more goods and services to sell to more consumers who are also employees who are paid more by selling more goods and services to consumers (who are themselves), and if that's not enough borrow more from banks which need to lend more to earn more, and so on.

And then there's financing: not just the rich but also businesses and employees who want to use their savings or profits to earn more in investments and even speculation, with additional credit churned into more investment and speculation, if not the increased production, consumption, borrowing, and spending described above.

For which governments report increasing economic growth, which is part of the reason they are elected to power, for which they want to ensure that it goes on.

Yea, it's a delicate ecosystem that drives consumerism, but getting people comfortable buying outside their means is step 1, and as a society we are well past that. Most americans don't really reap the real benefits of this business cycle tho. They get their cool new toy or fancy whatever and keep on keeping on. But the numbers don't lie, millions upon millions of american's can't even pay a small emergency bill, millions more have no retirement savings, etc...

 

[ralfy]

Logic doesn't always factor into employment 😉

Those soft skills you mentioned earlier could sway an employer, hiring someone that maybe needs more training but has people skills that encourage a more amicable workplace, which is good for productivity.

That's why some companies fail.

 

[ralfy]

Yea, it's a delicate ecosystem that drives consumerism, but getting people comfortable buying outside their means is step 1, and as a society we are well past that. Most americans don't really reap the real benefits of this business cycle tho. They get their cool new toy or fancy whatever and keep on keeping on. But the numbers don't lie, millions upon millions of american's can't even pay a small emergency bill, millions more have no retirement savings, etc...

Definitely well past that, and for around a century. And the money needed to buy those toys come from banks that can only earn if they lend.

 

[ch33zw1z]

That's why some companies fail.

Could be

 

[JEDI]

An interesting philosophy. I got a couple kids, so too late to roll with that one

um.. credit card debt doesnt get passed on to the children (unless they stupidly co-signed).

so the bank takes the house but when you die, your children are grown up and left the house years ago (hopefully).

 

[JEDI]

except in PA, which has the filial support law where medical care providers can go after the kids to recoup the money

wait what?
how is this even legal!??!

 

[IronWing]

wait what?
how is this even legal!??!

Medical providers bribed state legislators.

 

[ch33zw1z]

um.. credit card debt doesnt get passed on to the children (unless they stupidly co-signed).

so the bank takes the house but when you die, your children are grown up and left the house years ago (hopefully).

Credit cards are not the only debt you can jump into, but it's a big one. As someone else noted, other debt rules can vary by state.