Fidget Spinners. You're also to blame for that. I just know it.
Aren't there new rules about such attacks? That's a serious allegation.
Fidget Spinners. You're also to blame for that. I just know it.
Well I can't speak for the UK but as far as the US goes the increasing cost of tuition at non-research public universities (ie: where most people go) has been driven primarily by declining government support for them. The fundamental question in loans vs. government funding is who pays - if it's loans the kids pay and if it's funding the parents pay. The parents have increasingly declined to pay.
I guess that's a difference, then. The funding might have changed as well, but the _huge_ issue here is the increase in the numbers attending - maybe tenfold.
Blame the hiring practices, and subsequent counseling by parents/schools in the 80's for that one. We're still trying to swing that pendulum back the other direction.I guess that's a difference, then. The funding might have changed as well, but the _huge_ issue here is the increase in the numbers attending - maybe tenfold.
Yes because the boomer generation set it up so that anyone and everyone had to have a college education or some sort of degree and/or licensing to any particular job.
Blame the federal government. Look at their requirments for jobs starting at even GS 9 positions.Blame the hiring practices, and subsequent counseling by parents/schools in the 80's for that one. We're still trying to swing that pendulum back the other direction.
Most people aren't employed by the federal govt, they likely followed the trend. Actually they likely very slowly followed the trend, given how slow stuff changes within the govt.Blame the federal government. Look at their requirments for jobs starting at even GS 9 positions.
They were just trying to make sure that their kids didn't replace them as easily as they replaced their parents in the workforce.
Yep and because they didn’t bother saving enough for retirement they are continuing to work after retirement age making moving up even more difficult for younger generations (or they take up jobs that were once predominantly held by teenagers).
Yes because the boomer generation set it up so that anyone and everyone had to have a college education or some sort of degree and/or licensing for any particular job.
Yep and because they didn’t bother saving enough for retirement they are continuing to work after retirement age making moving up even more difficult for younger generations (or they take up jobs that were once predominantly held by teenagers).
I have to say I'm not a big believer in the whole idea of stealing retirements, in a general sense I don't even think its possible unless we're talking about some sort of mass investment in foreign assets that can be sold.
I'm not sure it's fair to ascribe that to a conscious choice by baby-boomers. The whole world seems to have being going that way. The culture and economy has just changed, in the mysterious way that it does.
It does seem kind of absurd to me sometimes, I admit, with 'degrees' in all sorts of peculiar subjects for jobs people used to be able to do without one.
I knew one younger person who had a job, went to get a degree, got ill, failed to get the degree, then found the job requirements for their old job had changed so they could no longer get back into that job because they didn't have a degree.
It was entirely possible and it happened. It was known as "pension raiding" where a company with a pension fun was purchased, the assets (of which pensions were considered part of) and then the money was gone. Ron R opposed legislation which would protect pensions and the process was continued. A point of irritation is that my father worked for 35 years and contributed to a pension plan which was taken and his business closed in two weeks. No retirement and an older man with no job. So tell me what he did wrong and how that didn't happen? Thirty-five years and not a penny to show for it.
Well, for starters, did he vote for Raygun and other GOP pols?It was entirely possible and it happened. It was known as "pension raiding" where a company with a pension fun was purchased, the assets (of which pensions were considered part of) and then the money was gone. Ron R opposed legislation which would protect pensions and the process was continued. A point of irritation is that my father worked for 35 years and contributed to a pension plan which was taken and his business closed in two weeks. No retirement and an older man with no job. So tell me what he did wrong and how that didn't happen? Thirty-five years and not a penny to show for it.
Ahh the mysterious greed is good generation.
It was entirely possible and it happened. It was known as "pension raiding" where a company with a pension fun was purchased, the assets (of which pensions were considered part of) and then the money was gone. Ron R opposed legislation which would protect pensions and the process was continued. A point of irritation is that my father worked for 35 years and contributed to a pension plan which was taken and his business closed in two weeks. No retirement and an older man with no job. So tell me what he did wrong and how that didn't happen? Thirty-five years and not a penny to show for it.
No.Well, for starters, did he vote for Raygun and other GOP pols?
ERISA was in before Reagan, how did they get around that? Truly curious, as I am in a pension not covered by it, because I am a public, not private, employee. I thought it would (should) have stopped what you are describing
Luckily, for me we have engaged in extremely strong stewardship of our own pension for a long time, and are very well funded. (Though unfortunately, we also benefit because of how many firefighters die young due to work related stress, toxic exposures causing much higher than normal rates of heart problems and cancer, lowering life expectancy and therefore benefit draw time)
I have no idea of the justifications used, I know what happened and using pensions funds to leverage a buyout is a matter of history.
I'm not sure it's fair to ascribe that to a conscious choice by baby-boomers. The whole world seems to have being going that way. The culture and economy has just changed, in the mysterious way that it does.
It does seem kind of absurd to me sometimes, I admit, with 'degrees' in all sorts of peculiar subjects for jobs people used to be able to do without one.
I knew one younger person who had a job, went to get a degree, got ill, failed to get the degree, then found the job requirements for their old job had changed so they could no longer get back into that job because they didn't have a degree.
An astoundingly myopic view of history.It was really the so called greatest generation that started the inter-generational screw job. Once their kids (the BBers) got through school, funding public schools become a lot less important. As long as their SS benefits were good (even though they paid very little in to obtain those benefits) cutting benefits and raising contributions for younger people (to cover the deficits caused by the greatest generation not paying much into the system) was a fine thing. Supporting anti-union politicians was a-okay once the greatest generation was safely into retirement with their union-achieved benefits. Turns out that so many of their values were transactional in nature.
I'm not sure it's fair to ascribe that to a conscious choice by baby-boomers. The whole world seems to have being going that way. The culture and economy has just changed, in the mysterious way that it does.
It does seem kind of absurd to me sometimes, I admit, with 'degrees' in all sorts of peculiar subjects for jobs people used to be able to do without one.
I knew one younger person who had a job, went to get a degree, got ill, failed to get the degree, then found the job requirements for their old job had changed so they could no longer get back into that job because they didn't have a degree.
The Boomers were raised with a belief system that happened to coincide with America's post-war prosperity. And the stage of Capitalism that they got to experience at the time. Everyone could be "the man" by opening a mom and pop store or other form of small business. You were the "upper class", all you needed were some bootstraps. Pull yourself up, get rich, and avoid taxes.
But the market is not static. The very virtue of Capitalism is that it is efficient. Over the years its efficiency has improved. From new markets, offshoring jobs, stifling wages and rising automation. Capitalism means we do things "better", no matter the cost. This requires regulation, or it will speed ahead, jump the tracks, and careen our nation(s) off a cliff. Capitalism will cannibalize itself to DEATH, by cutting costs. By cutting labor. By cutting out its own consumers.
Capitalism needs a safety net to prevent it from going over that cliff. Far as I am aware, some form of Basic Income is the only idea on the table for effectively dealing with this developing situation, and handling the burden of automation as we move to cut millions of jobs in the future.
Boomers, however, too few of them process the facts of the case. Instead they'll harp on their belief system. Ignoring the growing mountain of evidence that markets change over time. And their era of mom and pop, that their parents enjoyed and that they benefited from, no longer exists. They'll still believe in bootstraps, though none exist. They'll point out Bill Gates and say you're only a lazy !@#$ up if you don't catch lightning in a bottle. From our point of view it is demented and cruel to taunt the masses with fake promises of making themselves rich off a fantasy. But for a Boomer, they lived in an America where that fantasy was more... real. They cannot comprehend that times have changed.
We must pry Conservative America's economic illiteracy from their icy cold grasp, and slap them upside the head with the GAP. With the massive economic changes that they oversaw and helped orchestrate throughout their life times. That "greed is good" means "mom and pop" died a long time ago. They burned the bootstraps by making Wall Street King. But hey, I can live with that. We can make modern Capitalism Great Again. However, someone has got to pay for that.
Republicans may cling to old fables, but that won't change what needs to be done to save our economic futures.