Why can't Millennials make money?

Why can't Millennials make money?


I don't want to disrespect an entire generation. but iin 2017 the percentage of people age 19 to 31 years of old have had the lowest employment participation rate ever recorded.


Why can't Millennials make money?

Other urls found in this thread:

boredpanda.com/business-insider-titles-millenials-against-industries/
hbr.org/2016/12/wall-street-jobs-wont-be-spared-from-automation
news.bbc.co.uk/1/hi/world/asia-pacific/585133.stm
twitter.com/SFWRedditGifs

You forgot the Steve-O picture

because they choose low paying jobs and then demand $15 minimum wage instead of getting a good degree like STEM fields and getting a well paying job

They spend. They spend money they don't have. If you work you make money. If you spend it all that's your issue. If you don't make enough save while living alone, that's your choice. If you spend it all and you are living at home, that's your choice.
But it's all your choice. Save, live frugally at home, try to get a real job.
Best advice, get your act together, clean and groom, practice interview and go to a staffing agency.
My fiance and I did that right out of college and we both make about 40k before taxes (thirty thousand each after taxes). We work hard and don't spend. We show up and do our best.
It's not rocket surgery but I do hold onto the hope that we will continue to rise in our jobs over time.
FYI we work in insurance. I work title insurance and she works health insurance.
It isn't glorious but we have our lives and dignity by our own hand.

Conservatives make your living conditions as miserable as they can to please their corporate donors

Why are you using labor participation rate as the basis of your argument that they're poor?

...

See, we both work for fortune 500 companies that provide us with health insurance and gives us money in exchange for worm. Our skills improve as time goes on. Our resumes improve.
Hmm, I think it's actually not a bad set up. I like having money and improved standard of living. Just me, but the more NEETs the better. It's like you guys have convinced yourselves to not be my competition.
And I never am disappointed with the response of the excuse.

The Home Depot founder claims if he were starting out today, Home Depot would not have succeeded primarily because of “stifling” regulations that are an impediment to small businesses.

This is false. All the data shows millennials don't spend and the economists are panicking because it means millennials aren't acquiring debt and buying useless shit like the boomer did. With the drop in millennial spending we are seeing a crash in the retail market.

Because everyone wants to work in America. Millions and millions of shitskin immigrants, whores funding their whore lifestyles, etc all undercuts wages and lowers them.

You'd be making around double what you do right now if women and immigrants couldn't work.

They don't like to actually WORK. I worked at a medium-sized aerospace company and all the production line work was full of legal immigrants from all over the world.

These jobs were decent paying yet none of my cohorts were to be found.. Lazy soft-handed little babies.

shh don't scare the corporate bootlicker
there's no real reason for Millennials to save since we all know we're fucked

Well he's right. Big companies love big regulations because they provide a huge barrier of competition. True free markets are somewhat of a topsy-turvy affair yet in most industries there is only a Big 2 or 3 that dominate a sector and remain on top no matter what.

They hire immigrant because it makes them look good and because they work for less, you retard.
Plenty of whites want better jobs, they're just aren't enough decent ones left.

Well millennials aren't saving much either. Because there are no jobs for them. During the economic anomaly of the boomer generation it was easy to acquire a high paying job with no experience, get on the job training and a pension. None of that exists anymore. Now you need 15 years experience for an entry level job, with experience in every coding language, two degrees, a recommendation letter from the President and a signed petition from Congress just to get an interview. Then you lose the job because you won't work for minimum wage with no benefits as a temp contractor so they can dump your ass easily with no legal consequence. The job market is pretty fucked compared to how it was back in the day.

>Dad's perspective
>Market perspective

Inelegant, but this is it. Skilled jobs used to compete for the highest quality labor. Now it's purely hiring the lowest net cost with 0 regard for liability.

These people can barely speak English. They would hire native-born Americans if they could. You have a point on accepting less-pay though.

Weak fags letting themselves get low-balled ruin it for everyone.

wow dude that was a lot of tears. i don't want to profile you, but are you a millennial?

>jobs have been outsourced
>money went to China
>millions and millions of illegals work without paying taxes
>non qualified jobs are almost impossible to get for documented Americans
>University rates was multiplied by a fucking hundred
>While it don't provide any useful skill

Certain industries get write-off and have the government partially subsidize the wage for hiring "disadvantaged" people. Have no idea if that's the case in your situation but chances are it isn't as cut and dry as you think.

Link related:
boredpanda.com/business-insider-titles-millenials-against-industries/

Good. I hope all those disgusting malls get turned into public parks.

Basically everyone here is millennial except the underaged kids and the really old people. Anyone born from 1981 - 2001.

What is the solution then? What can cause wages to rise?

>employment participation rate

why would millennials participate when boomers rigged the system to give themselves generous benefits, paid vacation, high salaries, while the younger generation gets shit?

They spend what they have. They spend what they have (look at the avocado toast) because there is an anxiety after witnessing the Great Recession, that to save is insecure, because it can be lost at the misbehavior of others.
Our generation is massively conditioned for immediate gratification. There are a hundred reasons why. Porn generation, high speed Internet, atms, just off the top of my head. But they don't work like previous generations. They have a preference for more flexible hours, they are totally irresponsible, I've heard a thousand embarrassing stories about millennials not showing up to work, calling in faking illness, millennial mangers at small businesses shutting down early because people wanted to go home and causing monthly revenue to tank, coming in hung over regularly, coming to work on drugs, having sex in the work place.
God, when I worked at retail and fast food it's like we all made each other work worse.

There are advertisements for seminars on 'how to keep your millennial' that middle management receives every month.
And then a significant fraction of them don't even work, stay home and vidya, plenty if single mom's, ive have three millennial friends on social security who brag about it.
It's pathetic and distancing myself and working has been the most important decision in my own life.
If you keep up the Yolo die young neetness then you'll wish you started making mature decisions earlier in a few years.

Many jobs offers and low unemployment.

Place an heavy tax on outsourcing and build a wall.

We're all taught to be hedonistic as all fucking possible. You can't save money for the future if your entire philosophy on life is maximize pleasure at all times.

>All the data shows millennials don't spend and the economists are panicking because it means millennials aren't acquiring debt
I'm happily living with my parents rent-free (they pay for everything) and saving my money so I can buy a house with 1 check, mortgage free so I don't have to pay any interest. Glad I don't have shit parents.

Because too many of them are entitled cunts who have no perspective and expect a 6-figure career to fall in their lap. If it's any less than 100k starting with no degree, experience, or sacrifice, they think it's bullshit and sit at mommy's house playing video games, staying on their healthcare plan until they're 26, and do fuck all instead. Oh, and blaming the 'boomers' for their failure at life. That's like a full-time thing i guess.

1981 until about 1986 I would consider Gen x.
Millennials grew up young with the Internet, fast Internet, and were too young to beat snes games by themselves.

Any numbers to show?

I have a job too and you will find people incompatible with work with all kind of ages.

Yes, I agree. Basically Trumpism if the congressional rats will do anything. Republics were a mistake. Military dictatorship when?

>finish my studies and start looking for a job
>50% unemployment rate on people my age
>try anyway
>DUDE IF YOU WANT A JOB JUST LIKE GO BE A WAITER AT A RESTAURANT AND WORK FOR PEANUTS WITH LONG SHIFTS
>DUDE JUST COMPETE WITH ILLEGAL IMMIGRANTS THAT WORK FOR LESS THAN PEANUTS IF YOU WANT A JOB
>DUDE JUST GET AN INTERNSHIP AND WORK FOR FREE FOR SIX MONTHS TO GET "EXPERIENCE"


I love how every job is either "you're too qualified for this, we won't hire you because you'll leave" or "Yeah you have the qualifications but we want at least 3 years of experience in the field". Or just pick a non skilled job and compete with immigrants for a way below minimum wage job.
Six months looking for a fucking job.

You're a dumbass with a) little to no fiscal education and b) making excuses for living with your parents. Fiscally, it's to your benefit to have a mortgage dumbass, the interest is tax-deductible so you're only being a burden to your parents and setting yourself up to lose money in the long run. Great job being a smug loser though, you got that nailed at least.

STOP GOY SPEND THOSE SHEKELS OR LOSE IT BY INFLATION

There is no solution. We're about to get hit by a massive wave of automation that is going to gut all of the high payings jobs on Wall Street, Silicon Valley and across America. The low paying jobs will follow. CEOs in Silicon Valley are actually building doomsday bunkers to survive the coming riots. When automation hits over the next 10-20 years, unemployment is going to hit 80 to 90% if we're lucky. Closer to 100% if we're not.

They are too easily led. If they're not smoking weed they're trying to get the taxpayers to fork out to cut their dicks off

Sounds like Spain could use a border wall.

$15 per hour is a low paying job.

I don't need a stem, that shit is useless. I just do concrete and masonry. I hire mexicans to do the work. Pay them a few hundred dollars and I walk away with thousands.

Yeah, and we see them on the streets shaking and talking to themselves, or wearing applrwatches sipping Starbucks. It isn't glorious to work hard in shit jobs, but if you dodged the massive debt+shit degree then you made a good choice. But that isn't a promise of riches and glory. Just the opportunity to work and have a chance at climbing the ladder. If you settle, well, you settled. But a generation screaming excuses, entitled to so much isn't something the upper management looks at and says 'hey, that looks promising, he's responsibility and salary'

This guy gets it.

*here's responsibility

Do you think I give a fuck about that? I just don't want to give any profit to a bank, and you are ignorant if you think I will get 100% of the interest back in tax deductions.
I have enough money to completely pay off 2 average priced homes in my area with plenty left over, so I can move out whenever I want.

This isn't even remotely true. Millennials are far more educated than previous generations. We are also more fiscally prudent and apt to be entrepreneurs. Why don't you show some statistics to back up this claim?

Stick it to the man!

Explain to us precisely how to automate day trading, dumbass? Can't wait to hear this one. Automation actually makes ease of access even better for wall street, what the fuck do you think E-Trade and Scottrade is? You faggots sit around with these fairy tails of everything being automated and some fairy tale free money you'll get in 20 years, meanwhile you wonder why you're broke and everybody else has money. It's because people aren't sitting on their ass waiting for an imaginary hand-out that may not even happen in your lifetime, genius.

> They spend what they have (look at the avocado toast)

I buy avocados at 3 for a dollar then sell them to millennials for a $1.50 a piece.

I asked if you have any number to back your feelings.
You answered yes.
Now, I don't expect you talking even more about how you feel, I expect to see some fucking numbers.

You do any do any of that. Stop living vicariously through your father.

Things are getting so bad that south american immigrants are leaving and going back to south america.

sup boomer
I eagerly await your death

""""educated""". Yeah they are passing out degrees like candy. It's delusional to think we are smarter, more skilled, more capable at work-in-general

Nope... why should I hire white pussy ass millennials when I can hire spics at $10.00 per hour and not even count them as employees through my taxes.

>Study IT in college and complete apprenticeships
>Apply for both first line support (entry level) and intermediate jobs.
>Nothing
>Apply for expert type trying to wing a job.
>Nothing
>Apply for shit tier admin work, data entry, boring shit tier office work.
>Nothing
>Apply for street cleaner jobs, McDonalds jobs, fucking waiter jobs.
>Literally no one wants to give me a job even though I am not school dropout.

Might as well fucking kill myself.

So then what's the point of an economy? I don't get it.. Will we just go back to farming and water treatment? Ultimately this is all we need in life. Only question is housing.

fuck this black pill, there has to be some hope on the horizon. I thought we were headed toward a prosperous future.

This is how you climb. Just report your income and pay your taxes. But it's a proper method to profit from the situation. Millennials are master consumers.

>I just don't want to give any profit to a bank
>but i'll gladly pay tens of thousands more in taxes to the government who....subsidizes and bails out banks.

Yeah, you got it all figured out you fucking idiot. If you want to know why millenials are broke, look at this dumbfuck without any idea how taxes and interest work but just wants to "hurrr fight the ebil banks maannnnn" kek

Sorry you weren't able to earn a degree. Good luck.

I answered yes to the 'there are people of all ages who are incompatible with work'

We don't need blue collar work, Cletus. Like I said. We are educated.

It already happened. Where have you been?

>Floor trader, of course, has long been the archetypal job on stock exchanges. But there are precious few left of them. As the Financial Times notes, in 2000 there were over 5,500 floor traders on the New York Stock Exchange; now there are fewer than 400. Many of the remaining traders work only part-time. Most trading jobs have been taken over by servers running trading algorithms.

>Wall Street staffing reductions thus far have come largely from traditional automation technologies, but new cognitive technologies are likely to accelerate them. Much of Wall Street’s back office operations involve the performance of relatively structured tasks. Many of these could probably be taken over by tools like robotic process automation, which can reach into multiple systems for needed data and apply rule-based decision logic.
hbr.org/2016/12/wall-street-jobs-wont-be-spared-from-automation

Human traders can't compete with the speed and sophistication of AI.

>implying STEM isn't the most popular degree choice
>implying Business isn't second
You're retarded, congratulations

That's the thing, they are master consumers, but I make my money off of boomers mostly.

The hiring of mexicans is pretty much slave labor. I can threaten to call ice if they don't do the job well or think about stealing my tools.

I am 28 years old. I did lots of drugs and drinking. Watched a couple friends die, see a lot fail. Sort of strikes a chord that maybe our millennial way isn't very desirable. You guys seem to bitch about it day in and day out so I stand by it.

> why can't you make money
> imports immigrants
> fucks up economy

> why can't you get your own place
> builds fuck all
> gives free apartments to foreigners

> why can't you get a girlfriend/wife
> promotes hook up culture
> Allows Tinder apps
> Gives birhtcontrol freely
> Legalizes no fault divorce

I can't even.

>claims to be educated
>more entrepreneurial

>can't even spell entrepreneur

Yeah, this checks out.

>automation makes it easier
>automation gets it done cheaper
>automation isn't paid by the hour

How can you be this retarded to actually believe businesses won't trade out employees for machines and lower the importance of accounting and other "robotic" jobs done by humans. Marketing, engineering, architecture, and sales will dominate the job market in 15 years, mark my words user.

So you don't need a job that pays $50 per hour?

You must be doing something really important in life, like checking emails and reporting things to people in an office.

>Why can't Millennials make money?

Why can't you stop making these generalization threads, despite being a millennial yourself.

>he has never heard of entry level positions requiring 10 years of experience
>he has never heard of unpaid internships
The world of employment is fucking brutal now. Maybe you didn't know this since you haven't gone on a job hunt since the mid-80s.

I have a double major in social science. I work as a paralegal at a title insurance and escrow company, a job I got at a staffing agency. And I have achieved none of the demands of salaried profession or raises to 50k or free time and fun that we seem to expect.
Grow up.

>when I can hire spics at $10.00 per hour
>you don't need $50 an hour?

Can't even keep up with your own lies, Cletus? Just stop embarrassing yourself.

You make money off of boomers whether they or the millennials who have their bank accounts filled are your customers

Just because the floor traders are a thing of the past doesn't mean Wall Street jobs are tanking, hot shot. It just means more people are working from home doing the same shit and the ease of access actually makes trading that much easier to access by the common person [again, scottrade, e-trade, etc]. It's like you're too stupid to realize no one wants to call a floor person to make trades when it's just as easy to click and find your own trades. 20 years ago people didn't have half the access to the stock market and day trading, by humans, has never been more popular.

t. Financefag

Hiring is slow in the summer. Worst time of the year to look is summer. Aug and Sept. should pick up especially with Trump optimism.

You're a failure and an exception to the norm. Take some responsibility for yourself and "grow up".

Holy fuck this.

>why don't you move out
>jobs pay garbage, with barely any raises and housing prices are off the roof
>why don't you get married
>cancerous hookup culture, divorces and modern feminism

Just fuck my shit up. I fucking hate boomer faggots so much.

LOL .... SOCIAL SCIENCES, CHICANO, BLACK, FEMININE STUDIES buahahahahahahaha .... worst fucking generation of ALL FUCKING TIME.

Just post your favorite song tracks, and any 1/2 decent Gen-X will pick every bite out quicker than a black dude in China

Ever heard of Watson?

How can you be retarded enough to think day traders and floor traders are paid by the hour? Your level of stupidity is unprecedented kek

Someone answer me this: if the automation thing kills as jobs and there is no UBI because what tax base will gov. draw from, will we go back to being hunter gatherer tribes? Prove me wrong, please.

Millennials haven't had everything handed to them like previous generations. There was a time when getting a shittier degree guaranteed a job. Now you can have multiple and it wont get you anywhere.

don't be such a retarded faggot.

Generations will only become more and more based after this. Most millennials don't get the pressure and understand what's going on. But to hear boomers and the likes whine like a autistic toddler is beyond me. I can't take them serious. Their way of problemsolving is so simplistic and wishy washy it could be the plot of a disney movie.

Nobody knows what's going to happen to the economy. If the change happens too rapidly and people can't get money from traditional jobs, maybe society collapses. If we find some solution to get money to people so they can buy things, maybe we can keep the economy going. But the truth is, absolutely nobody knows what's going to happen next. We just know that it's going to be radically different and possibly even violent.

You're an idiot who hasn't been keeping up with the news. 60% of all Wall Street jobs are going to be automated in the next 10 years. That includes almost all of the top level jobs. All accounting, number crunchers, traders, book keepers, all those jobs will be gone. All jobs that involve numbers in any way are going to be done by algorithms.

>Implying millennials are 31 years old...

You realize after generation Y, the Millennials started right?

That's the year 2000.

Any fag born on the year 2000 to 2010 or similar, is a millennial.

The oldest Millennial is like 17.

There's is less incentive for everything in this nihilist society we live nowadays.

>Making money requires effort. Why would people strive for anything, since everything hasn't any objetive value? You are better off living in your parent's basement.

It's under that logic that I think millenials opperate, unconciously or not.

> Millennials are far more educated than previous generations

Who cares... education isn't the game... the game is hustling.

I don't care how educated you are... I can educate a mexican to do your job for much less.

College was a scam. I didn't learn to rebuild gasoline engines in college, i didn't learn how to build a house in college, I didn't learn how to cook gourmet meals in college, I didn't learn how to program computers or sew, fish, shoot a bow, clean a firearm, repair cell phones, do residential electrical work, use power tools, repair a roof, gardening or landscaping in college.

Guess what? 90% of college is useless and the people who got high paying jobs were part of a networking nepotism scam, often people who lied about their credentials and create a fake portfolio backed by foul individuals who did the same.

Literally what. You can keep chugging along like every apologist itt and every thread like it.
And exception to the norm seems to have worked but I'd like to think that what Ive seen makes perfect sense for why these threads seem so common with so many bitching in them. It echoes what is probably said on social media and at parties with 27 year old kids. But you sort of have to step away from all the noise to see it. If you think these most productive years of your life are productive, right on. If not, carry out the plan that will make it so. This conditioned excuse making, anticipation, entitlement and absence of work ethic make perfect sense to me. Stop doing it. Otherwise you'll just be doing this for years and regret not getting it together sooner when you finally do.

Because they're non-white.

>>DUDE JUST GET AN INTERNSHIP AND WORK FOR FREE FOR SIX MONTHS TO GET "EXPERIENCE"
This one is obvious though in my line of work (electronic engineering).

>The oldest Millennial
The first baby girl of the millennium is thought to be Tupou, who was born nine minutes later, also in Auckland. She is Milika and Sifoni Fetuani's seventh child.


news.bbc.co.uk/1/hi/world/asia-pacific/585133.stm

Do you realize how much a cement driveway costs to build verses the cost of labor?

Materials $2500

Labor $8000

Mexicans $300 dollars

get rekyt son

Why concern yourself with that if you haven't gotten your shit together in your immediate life. Concern yourself with these things afterwards. Otherwise you'll be waiting on answers to your posts to solve your problems for you.

Again you're not addressing the very real fact that stock trading has never been easier and if you've got half a brain you can do it. Automation has increased the numbers of people making a living off wall street, not decreased it. For every floor trader out of a job, 60 more people are figuring out how to make their own trades in minutes. It's like your staring at a refrigerator and too stupid to realize it takes more than the door hinges to make the shit run. At least read up on something other than some scare-tactic article or, for fuck's sake, walk to a bank and talk to literally any investment banker.

The problem was that I couldn't even find that.
There's dozens of people lining up for internships here.

Are you fucken stupid?

Cement DriveWay takes 2 hours , and about $100 bucks of shit.

Fucken stupid Murican cunt.

>hurr durr I went to tha unyversuhty of lyfe!! derp!

Nobody is impressed with your lifted truck or shiny new tool box, Cletus. You are a clod... we are your Gods. Learn your place and stay in your lane.

I'm going to kill myself soon.
The fuck do I need money for?
Piss off you cock slurping faggot OP.
Literally none of your god damn business. Nobody owes you shit.