Income, education, and Generation Y

[sg0508]

Generation Y is highly "entitled", hates rules/regulations/authority and doesn't like taking responsibility for anything.  Their work-ethic as a whole is horrendous.  Plus, the democrats have successfully used the gay marriage issue and the eight years under George Bush against the GOP. 

The irony of the entitlement of the Millenials, is that they are well on their way to becoming a "Lost Generation" with globalization and technology killing their chances at building careers.  Most aren't smart enough to see the writing on the wall.

1) Technology has eliminated the need for more jobs
2) It's just cheaper to offshore to India and China
3) Gen Y tends to run for the hills when the going gets tough.  American companies do not like these kids; they tend to stay at jobs very short times
4) In terms of a college education, many of these kids do not take their education seriously.  They go and drink, saying "it's college", but they fail to realize that times have changed and that doesn't cut it anymore.  Times have changed.  The supply of global labor > demand.  Companies want people more dedicated who will work 12-14 hour days and for less pay, not for kids who will complain and demand higher salaries/wages
5) The success of the Millenials is largely going to be tied to mom/dad.  If they did okay, you'll have a chance as a Gen Yr.  If you grew up in a struggling or broken family, the odds are against you. As we clearly see, we're becoming as "have vs. have not society" and it's more likely to be a "have not".  More people are falling out of the middle class rather than getting into it or reaching elite status. 
6) This generation has no sense of personal responsibility and no sense of pride or financial planning. They get what they want, when they want it and are told "they're great" to appease them.  Mom/dad aren't parents anymore.  Now, the kids control the households as mom/dad have become figureheads in many households and the number of "stable" households decline.
7) The democratic party suits the personality of this generation far better and politicians only care about getting re-elected.  They don't throw the truth in anyone's face because that will get them thrown out. Plus, socially, the GOP is back in the 80s, which isn't going to attract the Millenials.

Oh yes, I'm 29, a Millenial and I see what a crapfest the generation as a whole is.  I'd say that 2 out of 3 in this generation have absolutely no chance to succeed financially.  Rather, most seem to be content on running themselves into the ground financially, then crying poverty and eventually starting a revolution when the unsustainability finally ends.

[sg0508]

What one wants or thinks he/she deserves or should/shouldn't have to do are two different things.  This thread is a good example of how some people just refuse to see how the world has changed.  You're not competing only with your next door neighbor for a job any longer.  Now, you're competing with everyone around the globe, including those in India/China who will be happy to do your job for a fraction of the costs, no benefits, work longer days and not be subject to the same level of regulation. 

We live in a nation where we value $$$ first and everything else second. That's business unfortunately.  If a company can outsource half their jobs to India and save the shareholders millions, that's precisely what they're expected to do.  It's all about the shareholders, bondholders, business owners and those that bring in revenue.  Most others are "G&A costs" that bring little to no value and simply "use cash" in their respective companies.

Take a basic economics course.  It really isn't that hard.  The supply of global labor is > demand.  Technology has naturally eliminated jobs.  Americans' cost of living is very high and we demand more for our work.  Why would most companies (if they have the capability of outsourcing) want to keep their jobs here?

When the supply of labor > demand for labor, wages/salaries remain stagnant or fall, hours demanded by employers rise employer power rises, employee power falls and ultimately, more people are going to have a tougher time entering the job market, staying in it and remaining in the middle class.

It's not that hard.  Unfortunately, some of you still listen to politicians who remain in office by breeding off people who can't add 1+1 and see the writing on the wall.  If a politician EVER stated anything that I just did (and you notice how none ever have despite the evidence to the contrary), they would be run out of office faster than a racehorse.  People do NOT like hearing the truth until they actually see it and it blows up in their faces (i.e. for example, people overleveraging themselves, then watching the housing market crash and many losing their house).

Gen Y is at a competitive disadvantage in the global market.  They will be and are being REQUIRED to work harder to "make it".  Whether or not they WANT TO, or whether they feel like they SHOULD HAVE TO or not, is completely and utterly irrelevant in the scheme of how businesses operate, how corporate america sees it or how the global economy works, where the playing field has been leveled in a hurry.  After WW II, we were the only man left standing.  Now, globalization evened the playing field and put the US and its workers at a competitive disadvantage cost-wise and many are and will feel the blow from it.
So, for those