Median income for Millennials across the U.S. - this may surprise you

how could they be they same when we all have cell phone super computers in our pockets, 4k TV on our walls, and 500 channels to watch?

 

more insanity! would we better off if average education was 10th grade or 50% college grad? Do you know the answer?

 

The majority of the economy is based on past technologies that have been developed decades ago, not developing new technologies. I'm not saying developing new technology is not an important thing that should be striven for, but most of the benefits usually tend to be longer term. To confuse development of technology with immediate growth of economics is a mistake, to a great extent. New technology just happens to be a lot more visible than other aspects of the economy, a little like celebrities or professional athletes. It is a component of the economy, to be sure, but you should see it in proper perspective relative to everything else.
Contrary to many economist's imaginations, the economy does not run on new innovations.

Again, I'm not saying we don't owe everything where we are due to technology. I'm just saying the immediate development and marketing of new technology only constitutes a tiny percentage of what's going on in the overall economy.

Otherwise why are so many scientists having such a hard time finding good jobs in the field?

 

I am a millennial and I earn 81K. Thats because I earned a marketable degree.

 

Or, they could acquire a skill somebody was willing to pay for. Instead they wasted their time in college learning to have hurt feelings, confuse their gender and pay for courses that teach anal sex as if it's some sort of unexplained mystery of the universe

 

Question: If we got everyone degrees (and of course the learning or skills that come along with that), would there be enough of these jobs for everyone?

 

Nobody cares about definitions contrived for intellectual abstractions

 

If we got everyone a degree, the degree would be meaningless

 

Are you speaking from experience?

 

There is a pretty big skills gap and if we stopped bringing in educated people from other countries to fill it. There are untold millions of jobs that aren't being filled because of a lack of skills in the work force. Thats why we need free education more than ever.

 

I hope they teach them the actual skills that are in demand.

A simple college education doesn't necessarily do that, as many former students are finding out when they can't pay back their loans.

 

I'm not the topic

 

The assumption in all of this argument for a college education is that colleges actually educate. False assumption.

 

A lot of those millenials had a free education, it was funded through student loans. And many of them are still unemployed.

All this whining about requiring a college education is misplaced. Colleges are not trade schools, they are not vocational schools. Trade/vocational schools are whats needed.

 

HISTORY REPEATS ITSELF ...

Why did we call this last one the Great Recession? One reason is that long after it struck, from 2010 to 2014 no new jobs were created!

See here in the Employment-to-population Ratio:

That long-line shows the recovery creating jobs THROUGHOUT the economy; but it is not on any steep-slope upwards. It is mounting gradually and wont be back to pre-2008 for another 5 to 7 years*.

It takes time to repair an economy, and with Donald Dork in the White House (perhaps the greatest mistake in recent American history) it is going to take longer than normal. (BTW, California is not and never was indicative of the US. Both the best and the worst of economic history happens there.)

Iow, patience please ... the problem is not the wages of PHDs. The problem is Age Change ... at least the PHDs are employed.

There are still a great-many jobs in Industry that will be going either to Mexico or to the Far East. What do we do with thosunemployed ... ?

Hint: Retrain them to a higher skill-set

*We are repeating the same restructuring as we did in the 1930s and it took WW2 to finally stop the Great Depression. But this time, there is no massive government investment in a war to bump positively the employment rate!

 

In fact, I agree. What I said is what the country should do, not what we might do.

I say it again, because some thick-heads around here do not seem to get it: "We are in a prodigious change of ages and need a massive reformation of the manner in which we educate people".

BUT, me stating that glaring fact does not mean it's going to happen tomorrow. And, until it does, the country is doing real damage to itself employment-wise and thus economically.

Americans got a Donald Dork when it should have obtained Hillary Clinton who had a platform objective to bring massive reformation in the way we educate our young.

So, what can I say? We must accept our own folly in this democracy of ours.

"That's the way the cookie crumbles ..."

 

Very few millenials get free education and thats proven by the $30,000 in debt students graduate with. Watch out for some trades because many people with manufacturing trades are getting replaced by outsourcing and automation. We should only be giving free education for trade/vocational schools and only for in-demand majors.

 

You've got some good ideas but I disagree with the "no fluff".

The purpose of high-schooling is not to "teach work skills". It is to have kids understand the world they live around them and be a part of it. So let's concentrate there on learning how to express oneself in good English, how to perhaps start learning a second-language, how to do basic maths, etc. (And most certainly Civics, which should be degree-requirement, meaning if you don't pass it you don't get a HS-degree.)

One important aspect is to know how to read 'n write properly. The later the skill-set education comes into play, the better. The older one is, the more (supposedly) smart they are in decision-making. (Let's hope. But with TV in the US, one never knows. It is mind-boggling stoopid at times.)

 

With your statement, you made yourself the topic.

 

Nothing like a dose of anti intellectualism in the morning to confirm the nature of the authoritarian personality!

 

You who wants to inflict government into every aspect of our lives, calling me authoritarian. Comedy gold

 

Please don't fib. I prefer a market socialist result which restricts government interventionism. You, in contrast, continue to come out with standard right-wing authoritarianism (which, as you know, has been comprehensively studied in Psychology experiments)

 

I'm not a millenial, sorry for your failed attempt to change the topic of the thread

 

Market socialist / restricts government.
Do you laugh at your own jokes?
The only authoritarian in our cobversation is you Mr Govlover

 

They have become a money sucking industry.