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Old Economy Steven Meme
05-31-2013, 08:34 AM
[attachment=12392]
Awesome, I remember those days. I also was thinking the other day why can't you smoke in grocery stores anymore?? They used to run that giant mop through the isles for the butts.
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Old Economy Steven Meme
05-31-2013, 08:36 AM
Now, had he graduated in 1969, it's a different story.
Yes, wages of high school grads peaked around 1970. Education and health care costs have risen. So a 1969 grad could indeed have finished high school and afforded college or a house and plenty of gasoline.
But returns to education have been good, flights have been deregulated, and computers are cheaper. A STEM college graduate is richer today, and has cheap international travel and free internet porn on his cellphone.
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Old Economy Steven Meme
05-31-2013, 08:39 AM
So employers are complaining about no quality workers during high unemployment. Am I missing something or are the workers just incapable of doing what needs to be done?
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Old Economy Steven Meme
05-31-2013, 08:46 AM
It's as simple as this. When we start building the shit we buy everyone will have a job. You may not want these jobs though.
I have an idea to fix the economy here...
Take products we use here and pull from a hat then restrict import of them and the parts to make them. Let's say cell phones got pulled. All the circuitry and assembly would have to be done here. But, would you want to do that work even at 18 an hour?
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Old Economy Steven Meme
05-31-2013, 09:11 AM
Just looked at the stats for the UK. In real terms (ie adjusted for inflation) - house prices have doubled since 1970. That is pretty bad - but not as dramatic as alot of people think.
Anyway - a Conservative MP wrote a book on this issue which might be of interest:
http://www.amazon.co.uk/Pinch-Boomers-Ch...1848872321
And - one of my favourite bloggers had an interesting take (as always) on this whole issue the other day:
http://www.jamesaltucher.com/2013/05/why-do-anything/
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Old Economy Steven Meme
06-01-2013, 08:13 PM
Even though I'm technically a millenial, I hate both of these generations. Boomers were born into an era of economic prosperity (postwar era) where traditional values but more economic equality made America heaven on earth. What do they do? They bitch and moan about conformity, embrase cultural marxism, and turn against the very society that gave them a comfortable life. Then, when they are grow up (sort of), in the 1980s, they get greedy, turning America into a Randian post industrial society, where economic insecurity replaces the technostructure, and men become less and less economically viable. At the same time, somehow, they embrase big government, so instead of starving the beast (cut taxes to cut spending), they just cut taxes. So now its 2013, $16 trillion in debt, fed running out of ink, but with makework and welfare for the protected classes of cultural marxism.
My generation, the millenials (or generation Why!!?) are born into this post industrial post America, think that up and down and men are women, borrow $80,000 to get a Doctorate in Sociology, and expect society to give them a free ride, except that the society that says fuck you lazy bums is ran by the materialist boomers. So, in an act of cognitive dissodence, they keep telling the millenials how special they are (what they've done since they were born), while at the same time telling Gen Xers they are lazy bums. its like the old and the young against the middle aged.
No, Time magazine, millenials will not save us all, they are too busy tweeting about the evils of capitalism on their iphones waiting for starbucks before they go buy some Hollister at Tysons corner.