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Generation Y Wakes Up From The American Dream, Faces An American Nightmare

Tyler Durden's picture




 

Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last. We have noted a number of times that these divides are growing and warned of the social tension this could create and, as Bloomberg notes, it does not appear to be getting any better, Generation Y professionals entering the workforce are finding careers that once were gateways to high pay and upwardly mobile lives turning into detours and dead ends. "This generation will be permanently depressed and will be on a lower path of income for probably all of their life - and at least the next 10 years," as middle-income jobs are disappearing. A 2009 law school graduate sums it up rather succinctly: "I had a lot of faith in the system, the mythology that if you work really hard you can achieve anything, and the stock market always goes up. It was pretty naïve on my part."

 

Via Bloomberg:

Generation Y professionals entering the workforce are finding careers that once were gateways to high pay and upwardly mobile lives turning into detours and dead ends. Average incomes for individuals ages 25 to 34 have fallen 8 percent, double the adult population’s total drop, since the recession began in December 2007. Their unemployment rate remains stuck one-half to 1 percentage point above the national figure.

 

Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last. The nation’s younger workers have benefited least from an economic recovery that has been the most uneven in recent history.

which is leading to an increasingly disenfranchised generation:

“This generation will be permanently depressed and will be on a lower path of income for probably all of their life -- and at least the next 10 years,” says Rutgers professor Cliff Zukin, a senior research fellow at the university’s John J. Heldrich Center for Workforce Development. Professionals who start out in jobs other than their first choice tend to stay on the alternative path, earning less than they would have otherwise while becoming less likely to start over again later in preferred fields, Zukin says.

 

...

 

Only one-fifth of those who graduated college since 2006 expect greater success than their parents, a Rutgers survey found earlier this year. Little more than half were working full time. Just one in five said their job put them on a career path.

As the dream fades:

“I had a lot of faith in the system, the mythology that if you work really hard you can achieve anything, and the stock market always goes up,” says 2009 law school graduate Elizabeth Hallock, 33. “It was pretty naïve on my part.

And fingers are pointed:

Hallock is the named plaintiff in one of 14 lawsuits against some of the nation’s best-known law schools, including her alma mater, the University of San Francisco School of Law. The civil complaints, filed in 2011 and 2012, accuse the institutions of overstating graduates’ job-placement results and incomes.

 

Young Americans are struggling to reconcile their lack of economic rewards with their relatively privileged upbringings by Baby Boomer parents and the material success of their older peers, Generation X, born in the late 1960s and 1970s...

But whose fault is it?

“It’s a generation that had really high expectations, in some part driven by the way they were raised by their boomer parents,” she says. “Yet in the past five years they have had reality slammed in their face by the employment situation.”

As...

The same housing crash that hammered young architects and loan officers also slammed lawyers. Law schools are turning out about 45,000 degree holders a year for about 25,000 full-time positions available to them, according to the National Association for Law Placement Inc. in Washington. The class of 2011 had the lowest placement with law firms, 49.5 percent, in 36 years.

 

“It is not the perfect path to wealth and success that people may have envisioned,” says Robin Sparkman, editor in chief of The American Lawyer magazine in New York.

Which is leading to lawsuits - by the new lawyers against their schools...

“It’s hard to look at the information the schools were putting out and say it’s not misleading,” says Derek Tokaz, research director of the nonprofit Law School Transparency initiative. It published research showing that the chance of recent graduates getting permanent full-time work in law was far lower than the 80-95 percent total employment rates the schools typically boasted.

But for some - a new different life is peeking through...

“As it is, all of my possessions still fit in the back of my truck,” she says. “I can pack it in a couple hours, pick up the trailer and horses and move anywhere the gas tank will take me at the drop of a hat. What can the system take away from you when you have that kind of freedom?

 

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Wed, 12/26/2012 - 11:41 | 3096203 LasVegasDave
LasVegasDave's picture

Topic 4.  Death penalty for lobbyists

Wed, 12/26/2012 - 12:56 | 3096430 GMadScientist
GMadScientist's picture

Including the NRA! ;)

Wed, 12/26/2012 - 17:18 | 3097211 SilverDOG
SilverDOG's picture

GMadScientist

 

Would be completely unnecessary... if you  know the Constitution.

Wed, 12/26/2012 - 12:12 | 3096284 Long-John-Silver
Long-John-Silver's picture

All that would happen is the same kind of people that gave US the FED will enshrine the FED in the constitution and will completely eliminate themselves from the laws they create for the rest of US. Terms will be limited to life and direct descendents will fill them.

The only solution is preparation for the coming collapse and the ability to take advantage of it.

Wed, 12/26/2012 - 12:41 | 3096386 chubbar
chubbar's picture

Exactly, the folks calling for a Con Con can't figure out that the assholes running the country 1). Don't follow the current constitution so why would they follow a new one and 2). The same group of folks that decided to allow the bank bailouts against the wishes of 70+% of the population will surely rewrite the consitution in order to fully legalize and enshrine their current activities regardless of what popular opinion calls for. We have nothing to gain from a new constitution and everything to lose.

Wed, 12/26/2012 - 13:02 | 3096439 GMadScientist
GMadScientist's picture

"The rights protected by the Constitution of the United States are the rights of natural persons only.  

Artificial entities, such as corporations, limited liability companies, and other entities, established by the laws of any State, the United States, or any foreign state shall have no rights under this Constitution and are subject to regulation by the People, through Federal, State, or local law.

The privileges of artificial entities shall be determined by the People, through Federal, State, or local law, and shall not be construed to be inherent or inalienable."

Wed, 12/26/2012 - 16:21 | 3097013 r3phl0x
r3phl0x's picture

So.. government regulating business.. leading to the most corrupt government that large businesses can buy..

Didn't we just try that?

Wed, 12/26/2012 - 17:06 | 3097167 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

You can split the hair many ways here.

I'd put it like this: what we have "just tried" is a "Satanic" system in which almost all of the consumerized people give most of their power over to corporate governance and financial governance, which has enabled some powerful growth in super-human corporate institutions, with interesting results.

Take away the Mammon worship and try to follow the letter of clearly-explained and faily-enforced laws such as that proposed amendment, and we would be "trying something new" altogether.

https://www.google.com/search?tbm=isch&q=this+is+your+god+money

https://www.google.com/search?q=lyrics+nine+inch+nails+head+like+a+hole

Wed, 12/26/2012 - 11:27 | 3096166 Colonial Intent
Wed, 12/26/2012 - 11:57 | 3096246 fuu
fuu's picture

"It's patriotism when our country needs us, plain and simple," he said."

I'm not sure he is aware of how mindfucked he is.

Wed, 12/26/2012 - 12:29 | 3096346 Banksters
Banksters's picture

What he should be spouting is debt repudiation.   Fuck the war machine, fuck the fed, fuck their proxie banks,fuck the crony capitalists, fuck the super pacs, fuck the sock puppet  politicians, fuck the survelliance grid.  

 

In short, say no to slavery.

Wed, 12/26/2012 - 11:28 | 3096167 j0nx
j0nx's picture

Fuck those clowns. They voted OVERWHELMINGLY for obungler and liberals in general. Let them discover a crash course in choices have consequences 101. Enjoy your lives gen y. Don't come begging to me for help until you get your heads out of your asses.

Wed, 12/26/2012 - 11:39 | 3096194 GMadScientist
GMadScientist's picture

They'll remind you of that at the senior detention camp you're assigned to, by them.

Wed, 12/26/2012 - 11:43 | 3096206 CommunityStandard
CommunityStandard's picture

That's only if we don't eat you when the food runs out.  Long soilent green.

Wed, 12/26/2012 - 11:43 | 3096208 j0nx
j0nx's picture

Yeah yeah. Molon labe gen y bitches.

Wed, 12/26/2012 - 12:44 | 3096393 Ricky Bobby
Ricky Bobby's picture

Yes Yes - If I have something you need "Come Take It"

Wed, 12/26/2012 - 13:13 | 3096478 ElvisDog
ElvisDog's picture

Gen-Y's wouldn't know how to start and complete a revolution. They're too soft and have too much expectation that the system works for them. Most revolutions occur after at least a generation of hardship and are run by people who are willing to sacrifice everything because their current lives are so hard. The oligarchs who run things have no fear of Gen-Y. They should fear Gen-Z or whatever comes after Gen-Z.

Wed, 12/26/2012 - 11:46 | 3096218 yrbmegr
yrbmegr's picture

When they come to you, they won't be begging for help.

Wed, 12/26/2012 - 16:24 | 3097027 r3phl0x
r3phl0x's picture

Hypothetically: who do you think will win when 2 average 65 year olds fight an average 30 year old for natural resources?

Wed, 12/26/2012 - 21:02 | 3097820 Real Estate Geek
Real Estate Geek's picture

Old guys know they can't fight anymore.  So they'd just kill the 30 year old.

Wed, 12/26/2012 - 11:30 | 3096171 BlueStreet
BlueStreet's picture

Generation Y is just creating a new base so that when generation Z comes along and does much better things will look fantastic. It's all about perspective.  

Wed, 12/26/2012 - 11:31 | 3096172 UNCOMPROMISED
UNCOMPROMISED's picture

And for many other - a new different life is peeking through...

I know the answer. I'll join the military and get the GI grant. Money for nothing and my ejebecation for free. I'll have job skills when I get out for sure.

"Doctors have discovered an incurable brain disease evident in a large number of soldiers returning from war, and estimate that as many as 250,000 US troops are at risk of being ravaged by the disorder next."
http://rt.com/usa/news/brain-disease-cte-suicide-885/

CIA engineered virus deployed in Afgan territories infects the brain
http://www.youtube.com/watch?v=spw5nmUrpWA

I report. You decide.

Wed, 12/26/2012 - 12:00 | 3096251 BattlegroundEur...
BattlegroundEurope2011's picture

Zombie Acopolyse?

 

Wed, 12/26/2012 - 13:04 | 3096444 GMadScientist
GMadScientist's picture

Tragically self-correcting, if you read what the troops are going through.

 

Wed, 12/26/2012 - 12:15 | 3096283 Shizzmoney
Shizzmoney's picture

The GI grants don't cover the inflation of rising college costs (even for public universities).

On top of that, it used to be super-easy for military folk to get EMS/FD/PD/City Works jobs when they got out of the service and be at the top of the class.  Now?  They are stuck on the lists like everyone else, and get a little "nudge" from their service, instead of preference (as they should).

The reason is simple: these State jobs actually are some of the few left that provide a above average wage with secure benefits and pensions.  Since the private sector has used this shitty economy to destroy that for most of working America, the pools for these types of jobs have only risen, creating competition for the military folk. And, the private sector looks DOWN on military laborers because they view them as killers.

Also the older PD/FDs aren't retiring as quick as they used to; and are rejecting the buyout packages from State Governments to ensure the best chance of a full pension (b/c they know their kids ain't paying for their end of life care, unless they hit the lotto).

Also, most of these jobs require certifications that can only be "bought", ahem I mean, taught....at institutions and schools.  This takes time and money; most of which military people don't have.  For example, a Military Medic in Iraq can't get an EMT job because they don't have the certifications - but have the EXPERIENCE that these certifications validate because, you know, they have been EXECUTING TRIAGE IN THE MIDDLE OF A FUCKING WAR!!!!!!!111

My dad gets out of 'Nam as a 6 year Army Private, his GI Grant covered his 2 year CJ degree, and he becomes a cop 3 years after the service. 

My buddy, a Marine with 2 tours under his belt, gets out of Iraq, gets a 99 on the civil service exam to become a firefighter, and he's STILL on a waiting list (2 years strong, he'll probably get called up next year when some boomer FDs retire).  In the meantime, he's a bouncer making minimum wage at a local bar. 

No wonder most of his buddies do multiple tours.  It's "secure" work!

Wed, 12/26/2012 - 12:34 | 3096365 fiftybagger
fiftybagger's picture

Taking money from the government for ANYTHING is a HUGE mistake. Period. End of story.

http://www.brotherjohnf.com/

Wed, 12/26/2012 - 16:28 | 3097041 r3phl0x
r3phl0x's picture

No. Taking money from the government is incredibly smart. Depending on it is a HUGE mistake.

Wed, 12/26/2012 - 17:24 | 3097233 SilverDOG
SilverDOG's picture

r3phl0x

 

 

Not giving the govt any currency, is far more powerful than consuming from.

Break the cycle.

Make them fail completely

Wed, 12/26/2012 - 12:35 | 3096367 blunderdog
blunderdog's picture

Not like the CTE stuff is news, tho.  Obviously a LOT of folks come back from wars fucked up in the head, one way or another.  We've always known this.

But it's not all bad--given that we're not going to have jobs for most people, at least when their heads are broken we have a convenient excuse to keep them out of the workforce.  We'll need to come up with a better approach of dealing with inability to earn a living wage than just sending checks, but I don't think that should be an insurmountable problem.

Wed, 12/26/2012 - 13:24 | 3096502 Urban Redneck
Urban Redneck's picture

Graduates of American institutions of "higher learning" seem to suffer Chronic Overdiagnosis Disorder in alarming numbers.

Wed, 12/26/2012 - 14:25 | 3096634 blunderdog
blunderdog's picture

Sure, and if you pretend no one has any problems, you can feign total ignorance when the PTSD veteran without a job ends up in prison for a few years on assault charges.

Hopefully a decade in the slam is cheaper than a few years of therapy to help him deal with the shit he had to deal with in the field.

Wed, 12/26/2012 - 15:52 | 3096900 Urban Redneck
Urban Redneck's picture

War sucks, always has.  War doesn't suck any more now then it did a century ago.  If a higher percentage of soldiers are returning to civilization dysfunctional, then society needs to look at the inferior quality (and durability) of human beings it is producing and sending off to war, NOT INVENTING MORE BULLSHIT ACRONYMS FOR A PROBLEM AS OLD AS WARFARE ITSELF.

Even an ignoramus would have a difficult time maintaining ignorance of PTSD symptoms if they spent any time with a soldier, but the military bureaucracy is all about checking boxes on an official form relating to the THE LATEST BS ACRONYM memo'd down from the CO, and making the "issue" someone else's responsibility (CYA - instead of actually fixing the problem).

More "government" is not the solution for the problems of "government" in the first place.

Wed, 12/26/2012 - 16:30 | 3097042 blunderdog
blunderdog's picture

There are a lot more factors in play than JUST the fact that we mostly send inferior people to war today rather than 100 years ago.  We did have a standing draft for a very long time, so ALL combat-ready people were potential soldiers, unlike today's "all volunteer" army of poor, minorities, and poor minorities. 

A lot more folks died of their injuries a hundred years ago, too, now that I think about it.  Antibiotics and lifesaving technology has come a long way since WWI.

I'm getting the vibe that you oppose any kind of government support or care for veterans with disabilities following combat, but what do you think might be useful strategy for dealing with a bunch of damaged-goods trying to re-integrate into a society that has no use for them? 

Wed, 12/26/2012 - 17:10 | 3097179 Urban Redneck
Urban Redneck's picture

Exactly the opposite. 

The current system has sucked, does suck, and will to continue to suck, but I think that is the result of a focus on checking boxes and budgets, instead of fixing actual problems.

Here's a conundrum- In the middle of several simultaneous ongoing declared and undeclared wars how does a pencil dick dimwit like Shitsaki know how much money to request at the beginning of the year so that all his deputy pencil dicks at the VA can check all their required boxes in timely fashion?  And given that Shitsaki's shit-suckers INVARIABLY fail to even check all their damn boxes in a timely fashion EVERY YEAR, why do any of these clowns still have jobs?

The situation is another chinese-fire-drill-clusterfuck post deployment (before VA even becomes an issue).  Check the box on the central committee's one-size-fits-all official paperwork and you are off the hook for any future psychotic episode, but try to exercise any discretion/initiative/leadership and you can count on an entire platoon of senior pencil dicks knocking on your door- each with a ream of paper to ream you with while they dutifully check boxes till hell freezes over.

The problems will not be comprehensibly addressed unless and until authority is decentralized and devolved, and central administrative cancer is dismantled.  The solution is less "efficient" and more expensive, but more importantly- it is more effective.

 

Wed, 12/26/2012 - 17:53 | 3097367 blunderdog
blunderdog's picture

I personally advocate for just smashing the state and eliminating the whole problem of international warfare.  Sure, there'll still be all kinds of conflicts, but at least the damage will be done primarily to the parties that want to fight with each other for whatever the grievance...the rest of us can be left out of it.

Wed, 12/26/2012 - 19:36 | 3097660 Urban Redneck
Urban Redneck's picture

The commander of an otherwise comic brigade of powerpoint rangers has also mastered the art of Bullshit Bingo-

By leveraging 21st century technology and empowered by a dedicated workforce, over one-third of whom are Veterans themselves, VA is boldly transforming itself in healthcare and benefits delivery, and in memorial affairs, to better serve all Veterans. Our goals remain unchanged: increase access to VA benefits and services; eliminate the backlog in compensation claims in 2015; and end Veterans' homelessness, as well, in 2015. 

http://www.va.gov/opa/bios/secretary.asp

Hoover was supposedly cutting the red tape when the was VA formed in 1930, the arrival of the Bonus Army a couple years later should have been a sign that all was not going according to plan, or the actual plan was not as advertised to the veterans...

Wed, 12/26/2012 - 21:11 | 3097833 blunderdog
blunderdog's picture

The somewhat "touchy-feely" solution is to put a great deal more power in the hands of the care-providers.  It doesn't take more than a few hours to assess just what level of "care" a person needs in the short-term. 

We just have to formally own up to the fact that LOTS of folks come back from shitstorms with no visible scars and major problems they need real help with. 

That "help" shouldn't be thought of as $X00/hour therapy (which is a result of the spreadsheets and checkboxes), but as some personal, honest, and well-intentioned TIME provided by people who actually CARE.  There's a dollar-value you can figure if you must, but what really ought to be prioritized is delivering some assistance that WORKS.

Wed, 12/26/2012 - 17:05 | 3097168 Cathartes Aura
Cathartes Aura's picture

biowarfare, blowback. . . working as intended.

best pay attention, as this "war" can be played anywhere, any time.

Wed, 12/26/2012 - 11:32 | 3096176 nicoacademia
nicoacademia's picture

time to load up that van and take from those who have.

Wed, 12/26/2012 - 11:38 | 3096190 mayhem_korner
mayhem_korner's picture

 

 

Take what?  Stuff that neither needs?

Wed, 12/26/2012 - 11:42 | 3096201 GMadScientist
GMadScientist's picture

What the fuck am I gonna do with Romney's showhorse?!

(in the industry, they call this "tee ball")

Wed, 12/26/2012 - 17:20 | 3097218 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Maybe horses will be best friends to us, and us to them.

Maybe. I know not. But I do know they are intelligent, physically powerful, and sensitive.

And if we enter a worse Age (à la David Brin's The Postman) due to Peak Oil Doom being real or due to our inability to simply get our act together in a world in which Peak Oil Doom is not real, then I would much rather have Romney's show-horse than nothing, and much rather have it than let him have it.

Unless Romney's showhorse is the seat of an ancient, evil soul. Then, let's just lock it up.

Wed, 12/26/2012 - 17:26 | 3097242 SilverDOG
SilverDOG's picture

Horses intelligent !?

Bwah haaa haa haaa. 

NOT.

Wed, 12/26/2012 - 18:10 | 3097422 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Yeah... okay... I guess I don't know it... need to meet some, I guess.

I consider dogs intelligent too, and I have met a lot of them, btw.

(29/30 year old city boy speaking)

Wed, 12/26/2012 - 22:41 | 3098009 GMadScientist
GMadScientist's picture

Rewatch Silverado.

Wed, 12/26/2012 - 11:37 | 3096178 Ralph Spoilsport
Ralph Spoilsport's picture
  • A feels angry, guilty or uncomfortable about something.
  • A finds a rationale why someone else is to blame.
  • A blames B.

'Twas ever thus.

Wed, 12/26/2012 - 11:40 | 3096199 mayhem_korner
mayhem_korner's picture

 

 

With, without.  And who denies it's what the fighting's all about. (Waters)

All the world's conflicts are about allocation.

Wed, 12/26/2012 - 11:45 | 3096215 yrbmegr
yrbmegr's picture

You forgot one, last step.  "A blows stuff up."  Need to watch out for that one.

Wed, 12/26/2012 - 11:50 | 3096230 Ralph Spoilsport
Ralph Spoilsport's picture

Castles made of sand, fall in the sea, eventually.

Wed, 12/26/2012 - 11:54 | 3096236 CJHames
CJHames's picture

Nawww, some douche bag (aka politician) usually comes around and kicks the sand castle over long before mother nature can reclaim it.  

Wed, 12/26/2012 - 11:35 | 3096182 cosmyccowboy
cosmyccowboy's picture

  i too am able to move in one pickup truck load but would have to borrow the truck to do it! i did it on purpose, i wanted to make sure when the IRS comes to seize all i own they are sadly disappointed!

 if only i hadnt lost that sack of metal on my last canoe trip....

Wed, 12/26/2012 - 11:47 | 3096220 Ralph Spoilsport
Ralph Spoilsport's picture

Do it Knights Templar style. After arresting the Templar leaders on Friday the 13th, King Phillipe's minions went to confiscate all their treasure. It was all gone along with their fleet of ships.

Wed, 12/26/2012 - 11:36 | 3096186 Lendo
Lendo's picture

2013, the year belief systems are turned upside down.

Wed, 12/26/2012 - 11:57 | 3096189 GMadScientist
GMadScientist's picture

There's something decidedly inauthentic about pretending that the lives of an entire generation, millions of invididuals, can be characterized by some amorphous median representative. Many Gen X/Y people did much better than their parents, myself included, precisely because of their parents and many Gen X/Y people failed not because of some demographic slight to them as a class, but their own human foibles.

No rose garden was promised.

http://www.youtube.com/watch?v=M021uHTVu1g

"We don't care. It's not our fault...that we were born too late..."

Wed, 12/26/2012 - 11:38 | 3096192 Bastiat009
Bastiat009's picture

Government managing the economy to please a part of the electorate or the banks will always lead to wealth destruction. It is always true everywhere (even if the father of your president was born in Africa). Only freedom and work can lead to wealth creation.

As long as people believe that the solution to the problem is the problem, it won't be solved.

Wed, 12/26/2012 - 11:39 | 3096195 Magnum
Magnum's picture

Law graduate did a poor job of forecasting demand. USA has far too many lawyers per capita, and the justice system as a whole is largely responsible for the current state of natioal bankruptcy,

Wed, 12/26/2012 - 11:56 | 3096244 mayhem_korner
mayhem_korner's picture

 

 

Interesting perspective.  I view the justice system as reinforcing and protecting the bad habits that have been groomed over the past several generations.  The root in my view is that any variance to the utopian expectations must be someone else's fault and restitution is owed.  The 'justice' system is the enabler.

Wed, 12/26/2012 - 12:08 | 3096272 Magnum
Magnum's picture

Highest number of lawyers per capita and jailed citizens per capita, jailed in a system that costs taxpayers a fortune because lawyers ensure long sentences and comfy conditions. Fleecing the people's pocketbooks almost as much as illegal wars.

Wed, 12/26/2012 - 18:05 | 3097408 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

CORRUPTISSIMA RE PUBLICA, PLURIMAE LEGES

"The very-most corrupt state, is even moreso numerous in its laws..."

http://en.wikiquote.org/wiki/Tacitus

http://www.youtube.com/results?search_query=party+like+its+1984

Wed, 12/26/2012 - 13:10 | 3096469 GMadScientist
GMadScientist's picture

Seems odd since the argument is always that they're price-supported by the exclusivity knob of the bar exam in state X.

Could be a mismatch between the focus of the graduates ("I wanna be an entertainment or sports rep") vs the actual need of the market ("Can anyone read this fucking software patent?@").

 

Wed, 12/26/2012 - 18:48 | 3097546 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

USA has far too many lawyers per capita, and the justice system as a whole is largely responsible for the current state of natioal bankruptcy

I think you are referring to the legal system, as there is no compelling evidence that a justice system exists in the US.

Wed, 12/26/2012 - 11:40 | 3096198 CJHames
CJHames's picture

"What can the system take away from you when you have that kind of freedom?

Well, let me count the ways ....

1) Gas prices could be jacked up so much you can't afford to drive to the gast station just to get more gas, let alone actually going anywhere.

2) EPA rules and regs could (or probably will) begin to limit the amount of miles we're "allowed" to drive each year (you know, to save the environment).

3) States such as CA, who are losing huge amounts of taxpaers due to over spending and over taxation, may decide it's against the law for folks to leave, and what's worse, the Feds under Owebama could make it illegal to move as well.

I know, I know, this is all futuristic crazy talk.  The gov't, after all, would never do anything such as force us to buy health insurance, limit our ability to own guns for self defense, force us to wear seat belts and helmets, force our children to be innoculated, allow foreigners to invade our country .....

Nawww.  Everything is going to be juuuuuust fine.  Honest.  Trust me.

 

 


Wed, 12/26/2012 - 12:03 | 3096262 Bicycle Repairman
Bicycle Repairman's picture

TSA stops you on the highway, consults its chart, determines you are on the blue list.

Wed, 12/26/2012 - 13:18 | 3096490 ElvisDog
ElvisDog's picture

Oh, they can do more than that. There are vehicle registration fees, they could declare your car to be a polluter and you have to buy one that gets 50 mpg in order to drive it, insurance rates could rise to obscene levels. Plus, it's really nice to have a bathroom and kitchen at your disposal. Most pickup trucks don't come with a built-in bathroom or kitchen.

Wed, 12/26/2012 - 11:43 | 3096205 Kaiser Sousa
Kaiser Sousa's picture

blue skies....

green shoots....

"Calling Murray Rothbard.....!"

Wed, 12/26/2012 - 11:44 | 3096210 yrbmegr
yrbmegr's picture

It should not be surprising, then, that Gen Y has no loyalty toward the system devised by their parents.

Wed, 12/26/2012 - 13:21 | 3096494 Loose Caboose
Loose Caboose's picture

"It should not be surprising, then, that Gen Y has no loyalty toward the system devised by their parents."

Substitute "The Love Generation" for "Gen Y" and the satement could be from 1967. 

Question is will Gen Y maintain their integrity any better than the boomers did once the reins of power are truly in their hands?  Good luck making history within an historic framework that repeats itself.   

 

 

Wed, 12/26/2012 - 16:36 | 3097065 r3phl0x
r3phl0x's picture

A generation fucked by its parents will probably fuck its children. And on and on and on.

Wed, 12/26/2012 - 20:48 | 3097266 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

1: http://en.wikipedia.org/wiki/Yuga

2: http://en.wikipedia.org/wiki/Ages_of_Man


When things finally get bad enough, people find it in themselves to fix it.

The question is: Will we make this our Iron Age? Or the next?


A king isn't born, Alexander, he is made. By steel and by suffering. A king must know how to hurt those he loves. It's lonely. Ask Hercules [of the previous Age, spoken of by Homer]. Ask any of them. Fate is cruel. No man or woman can be too powerful or too beautiful without disaster befalling. They laugh when you rise too high and crush everything you've built with a whim. What glory they give in the end, they take away. They... They make of us slaves.

[. . .]

It was a Iron Age. Blood-feuds. Fathers feared their son's treachery and would eat them.

http://en.wikiquote.org/wiki/Alexander_(film)#Philip

Wed, 12/26/2012 - 13:21 | 3096496 Magically Delicious
Magically Delicious's picture

+1

Wed, 12/26/2012 - 11:45 | 3096214 Toolshed
Toolshed's picture

“I can pack it in a couple hours, pick up the trailer and horses and move anywhere the gas tank will take me at the drop of a hat."

Are we supposed to have sympathy for people who can afford horses? Get fucking real. The cost of maintaining a horse is quite prohibitive for the average person. Law schools have been churning out waaaay too many lawyers for DECADES!! This is not a new development. What is a new development is lawyers suing their alma mater. I absolutely love to watch blood sucking vultures turn on each other like this!!!! I gotta make some more popcorn now.

Wed, 12/26/2012 - 12:00 | 3096252 Ralph Spoilsport
Ralph Spoilsport's picture

Not everybody with a couple of rescue (free) horses have country club memberships or new SUVs. We spend less on our two horses than we spend feeding the dogs.

Agree with you about watching lawyers turning on their mentors. Popcorn it is!

Wed, 12/26/2012 - 11:49 | 3096222 Dangertime
Dangertime's picture

Generation Y(our screwed) probably won't be happy to know that once they finally do get a job, most of their efforts will go towards paying for all of those entitlements which have been piling up.

 

 

Sure Keynes, in the long run we are all dead, but here comes Gen Y to pay the price for your idiocy.

Wed, 12/26/2012 - 12:04 | 3096256 UNCOMPROMISED
UNCOMPROMISED's picture

I hope this Gen Y and later generations to come develop better working attitudes then those god-dammed Gen X'ers. I suspect there was a twilight period where the Gen-X'ers saw a glimpse of paradise as it faded from view and thusly get poisoned.

No chance of that for these Gen Y'ers. LoL. Get to work Bitchez!

Wed, 12/26/2012 - 12:21 | 3096310 Dangertime
Dangertime's picture

My experience is that X'ers and the Boomers have equally $hitty work ethics.

 

Mostly half-a$$ed.  Unions come to mind.

Wed, 12/26/2012 - 12:29 | 3096349 UNCOMPROMISED
UNCOMPROMISED's picture

It's disgusting but they will learn.

It's time for them to realize that they will get their 40 virgins when they retire and NOT before that. Until then it is a world of Crate Expectations:

http://www.mnn.com/your-home/remodeling-design/stories/crate-expectation...

Wed, 12/26/2012 - 12:10 | 3096280 TrustWho
TrustWho's picture

...do not worry, gY will not pay and I would not blame keynes. Keynes policy was to have government save during good times and spend(invest) during economic downturns. Instead, our politicians used Keynes to  justify deficts to get votes  and treat its citizens like Pavlov's dogs. We followed Pavlov's model until gY says "ENOUGH ALREADY"!

Wed, 12/26/2012 - 11:51 | 3096229 williambanzai7
williambanzai7's picture

I am thinking the game of blaming generations for this and that is another convenient misdirection for the scum sitting permanently at the top.

Wed, 12/26/2012 - 12:13 | 3096241 Ralph Spoilsport
Ralph Spoilsport's picture

Boomers are an easy target. It's starting to get on my nerves and some of us can be very ill-tempered. We're watching this situation carefully.

Wed, 12/26/2012 - 17:18 | 3097212 Cathartes Aura
Cathartes Aura's picture

perhaps a better solution is to not identify with their labeling of your life. . .

Wed, 12/26/2012 - 17:38 | 3097302 SilverDOG
SilverDOG's picture

Ralph Spoilsport,

 

Keep watching, as you boomers usually perform as such.

Thankfully, in 15 yrs 75% of you will be gone.

By the way, put down the mirror.

Wed, 12/26/2012 - 12:13 | 3096289 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

The scum will always sit on top. It's a question of empowering others so that subtle yet important changes affect the brazen theft at the top. Steal more, steal less, but get rid of them completely? Call me cynical.

Wed, 12/26/2012 - 12:43 | 3096389 GMadScientist
GMadScientist's picture

"I don't care what those other guys say about you, I know you're awesome" pat pat

<Kick me>

 

Wed, 12/26/2012 - 13:13 | 3096475 JR
JR's picture

In a nutshelll! Banzai. The financial elites, "having made the mess, will volunteer heroically for the job of cleaning it up (H.L. Mencken)" ... while misdirecting the blame to fool the sheeple.

Wed, 12/26/2012 - 15:32 | 3096819 koncaswatch
koncaswatch's picture

+1  : Mencken

Wed, 12/26/2012 - 11:52 | 3096234 lamont cranston
lamont cranston's picture

Boo hoo, the poor lawyers can't get jobs, even as ambulance chasers. Zero sympathy here. My oldest daughter never finished college (Alabama, wher she drank & worked her way through), continued to work while raising two sons and at 35 has a wonderful job as head trader for a company that manufactures recyled paper products and plastic pellets. She & hubby are solid Red Staters. 

On the other hand, my youner daughter (27) has an undergrad degree from Chapel Hill. I was making enough $ by then after the divorce that she did not have to work. She spent 6 months sort of working after graduation (quit 3 jobs) before moving and waiting tables, which was 4+ years ago. She's now a shift/asst mgr. and was just told about her weekly hours being cut to 29 max. When I told her why, she didn't believe me until her sister chimed in. Said it wasn't fair. 

She was working on getting an undergrad acctg degree, then to get her Masters in Acctg and taking the CPA. Her useless boyfriend (26 year old waiter/busses tables, non-fine dining) doesn't want to move to Knoxvegas, so she has put that on hold for over a year.

BTW, guess which party they vote for. YGWYD. 

Wed, 12/26/2012 - 13:51 | 3096571 Almost Solvent
Almost Solvent's picture

"Red Staters"

Tells me all I need to know.

Go back to sleep and make sure to vote!

Wed, 12/26/2012 - 11:55 | 3096238 Dr. No
Dr. No's picture

They dont define "Professionals entering the workforce".  My guess is the Gen Y stats are stacked with a bunch of art+crafts B.S. majors with huge student debt.  I would like to see the stats for Gen Y engineers and technical placement.  My guess it is much higher.  The Gen X and BB generation should have done a better job stripping off that culture of a "liberal arts degree" is wothwhile. Its a waste of money and time.  But then again, is supports the tenured liberal establishment.

Wed, 12/26/2012 - 12:25 | 3096328 dwdollar
dwdollar's picture

If you count all those engineers working on the enslavement grid via Uncle Scam or Uncle Scam's contractors you might be right.

Wed, 12/26/2012 - 12:48 | 3096399 GMadScientist
GMadScientist's picture

Because tenured liberal arts professors are rollin' in it

LOL

Wed, 12/26/2012 - 12:00 | 3096253 SilverMoneyBags
SilverMoneyBags's picture

Think your grandchildren will be paying for it? Nah, you're paying for it right now. This is why you want to retire but have little to no savings.

EAT IT. Millennials will be the way out, that is if you are willing to take the shackles off of us.

Wed, 12/26/2012 - 12:02 | 3096259 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

 No Bakersfield to go to this time...

Wed, 12/26/2012 - 12:03 | 3096261 Barbaric relic
Barbaric relic's picture

It should not be surprising, then that Gen Y has no loyalty toward the system devised by their parents.

 

The elites devise the system -- I'm sure their children will do fine. 

Wed, 12/26/2012 - 12:05 | 3096264 americanspirit
americanspirit's picture

Dear children - most of you were loved, cared for, educated and prepared for life as well as your parents could possibly manage. Dear parents - most of your children try hard to be good people, to do good work, to contribute to their community and to respect others as well as they can possibly manage.

So please be a little more thoughtful when you are looking around for who to blame for the mess we are all in. There are those who are actually to blame, and who deserve any retribution that can possibly be visited upon them. So how about we all stop blaming each other and go after the ones we know, for sure, are the source of most of the evil and suffering in our society. And by the way, those people are not defined by any ethnicity or religious affiliation - it is by their deeds ye shall know them.

Wed, 12/26/2012 - 13:42 | 3096548 DoChenRollingBearing
DoChenRollingBearing's picture

Yes

Wed, 12/26/2012 - 17:44 | 3097334 SilverDOG
SilverDOG's picture

americanspirit,

 

Ideally stated, shall not be as such.

Please pass the Hopium.

 

One must start with themselves, and lead by example. 

WTF screams 310 million Americans. 2 million nod.

Wed, 12/26/2012 - 12:06 | 3096266 ConfederateH
ConfederateH's picture

From a meritocracy to an affirmative action/reparations state in one generation.  And Obama is riding the wave of making the cracka's pay.  Just don't expect Generation Y to get past the hope and change and see what is happening.

Wed, 12/26/2012 - 13:23 | 3096500 Freddie
Freddie's picture

Our dear mullah and his friends in TV and Hollywood doing "kill Whitey" movies.  If you watch TV or Hollywood's sh*t then you are helping them.   Murdoch (Fox) was one of the first to chime in that Americans need to be disarmed.  He is no friend of Americans.  TV and Hollywood are total sh*t.

Wed, 12/26/2012 - 12:08 | 3096273 toomanyfakecons...
toomanyfakeconservatives's picture

Smaller pie, less pieces. The South was right!

Wed, 12/26/2012 - 12:49 | 3096404 lakecity55
lakecity55's picture

That's what Calhoun said.

Wed, 12/26/2012 - 12:16 | 3096303 Chaos_Theory
Chaos_Theory's picture

No worries.  The facade of a "Republic" will fall soon, as we pass the Rubicon and enter the full-fledged Empire stage.  Spoils of real war will keep the plebes entertained for a few years more as the patricians pick the economic bones clean of any and all meat. 

Wed, 12/26/2012 - 12:21 | 3096315 jplotinus
jplotinus's picture

Wait, posters. No need to remain divorced from reality and/or immersed in self deception.

Jobs are gone because of a variety of social and technical developments that eliminate them. At present, we are entering the next phase of job elimination with the nascent onset of 3-d print manufacturing. What previously required or permitted decently paid workers to do can now be done just as well or better by poorly paid workers or no workers at all.

We are, therefore, confronting a new social norm where our lives center less around working for a living and more about simply living.

We are basically confronting our presumptions about how life is to be lived. After all, if there are no jobs as, say, airline pilots because planes all become drones, then what is the point in defining one's success in life on the basis of whether a job search for a pilot job can be found? Answer: None at all.

It is quixotic to continue to carp, piss and moan, let alone blame the political persuasion you don't like to begin with, for jobs that are gone. Instead, the issue really is how to define livelihoods in a post industrial world? The lack of jobs is not the same as no need for activity in furtherance of common goals, sharing, working together, etc.

Thus, a need for leadership and for new thinking exists. That need is only partially addressed by calls for a constitutional convention. The constitution didn't advance or retard globalization or technology. But, globalization and technology did eliminate whole categories of jobs and/or broaden the base of qualified workers to a point where little could be paid for the necessary labor. This is an ongoing trend that will continue to cause jobs to disappear.

Life for most can get better without jobs, if we play our cards right.

Wed, 12/26/2012 - 12:53 | 3096417 GMadScientist
GMadScientist's picture

The point in defining one's life on a pilot job search is the training to become a pilot that leaves one with the ability TO FLY.

Are you from Sweden?

Wed, 12/26/2012 - 16:26 | 3097030 koncaswatch
koncaswatch's picture

If you're under 50 you will see pilotless commercial aviation in your lifetime.

Wed, 12/26/2012 - 21:14 | 3097841 Real Estate Geek
Real Estate Geek's picture

And it'll be a Ryan Air plane

Wed, 12/26/2012 - 12:24 | 3096324 Super Broccoli
Super Broccoli's picture

lol figured that out too,  i'm out of europe as soon i can :-)

Wed, 12/26/2012 - 12:27 | 3096333 Lets_Eat_Ben
Lets_Eat_Ben's picture

“As it is, all of my possessions still fit in the back of my truck,” she says. “I can pack it in a couple hours, pick up the trailer and horses and move anywhere the gas tank will take me at the drop of a hat. What can the system take away from you when you have that kind of freedom?

 

Well let's see...um all of it. It's time for a new system. It's time for tabula rasa.

Wed, 12/26/2012 - 12:29 | 3096348 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Everyone should know the famous Beastie Boys lyric, "You've gotta fight, for your right, to party!"

Rebellion against established middle class values has long been co-opted by media and marketing.

"Partying" became a commercial version of this rebellion which was co-opted.

Since the rebellion is not only contained but utilized and turned into more consumption, it works out well.

Until such time that rebellion finally becomes more than virtual.

Turn on, tune in, drop out only works if you are already "in".

What happens when larger and larger numbers realize they are "out?"

Where is "freedom" found in this cycle?

Where is "self reliance?"

 

 

Wed, 12/26/2012 - 12:30 | 3096354 JR
JR's picture

This data is true in spite of the source, Bloomberg. But it’s hard not to see the delight that the banking elite with its planned economy charletans bring to this equation – namely that the baby boomers need to make more sacrifices if the economy is to be saved.

These are the elements being brought by both parties to the fiscal cliff: Social Security will bankrupt the nation unless cuts are made.

As H.L. Mencken said in 1936 in the height of the Great Depression regarding FDR and his quacks, misfits and mountebanks “trained in no craft more respectable than that of cadging and spending other people’s money," if FDR “became convinced tomorrow that coming out for cannibalism would get him the votes he so sorely needs, he would begin fattening a missionary in the White House backyard.”

Had it not been for WWII, FDR and his Brain Trust that designed the 1930s’ Planned Economy, the “Utopia” executed by fools that blew, FDR would have been cast into oblivion along with the billions of tax money they wasted on the AAA, the WPA, and all the rest that returned millions to unemployment and the nation with massive deficits.

“Instead of safeguarding the hard-earned money of the people and relieving them from their appalling burden of taxation," said Mencken, "Dr. Roosevelt has thrown away billions to no useful end or purpose, and has piled up a debt that it will take generations to discharge.

“And instead of appointing conscientious and intelligent officials, he has saddled the country with a camorra of quarrelling crackpots, each bent only upon prospering his own brand of quackery and augmenting his own power.

“The blame for this dreadful burlesque of civilized government is to be laid at the door of the Hon. Mr. Roosevelt, and at his door alone.”

On the last point, the great H.L. Mencken was in error. Dr.Roosevelt was not the sole culprit; it was then as now the financial banking elite and the owners of the Federal Reserve. Some have compared Obama to Roosevelt. The comparison fits both as technicians serving the bankers. And now we have the Michael Bloomberg report; the ultimate banker propaganda voice and recipient of banker largesse.

Wed, 12/26/2012 - 13:26 | 3096509 FeralSerf
FeralSerf's picture

Bankers, lawyers, stock brokers, real estate and insurance salesmen and last, but not least, bible thumpers:  The Other White Meat.

http://www.amazon.com/Farnhams-Freehold-Robert-Heinlein/dp/0671722069

Wed, 12/26/2012 - 12:33 | 3096362 Dre4dwolf
Dre4dwolf's picture

What do you expect when you let a bunch of sociopath bankers run everything? seriously.

Congress = Useless they have not done anything productive for the past 2 decades

House = Useless they have done more harm than good in the past 2 decades

President = permenantly on vacation

Central Bank = Printing Money to prop the dead horse up, so that a handful of people can make trillions off the collapse of society

General Public = Brain Dead Shopping Zombies

Everyone else?= Too broke to profit off the collapse they know is coming, but smart enough to survive *maybe

People getting out of college= Screwed for the most part, they wont earn enough to even move out.

Wed, 12/26/2012 - 12:39 | 3096376 F. Bastiat
F. Bastiat's picture

In a lot of ways, many of them voted for it. Ignorance may be bliss, but it has serious consequences.

Wed, 12/26/2012 - 13:16 | 3096485 Pareto
Pareto's picture

And it will get worse, before it gets better for them.

Wed, 12/26/2012 - 15:20 | 3096787 F. Bastiat
F. Bastiat's picture

No doubt about it.  One of the main delusions of today's liberalism is the notion that consequences somehow magically don't exist. 

But they do.  And the Gods of the Copybook Headings always have their revenge.

http://www.kipling.org.uk/poems_copybook.htm

 

"And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!" 

-Rudyard Kipling

Wed, 12/26/2012 - 12:40 | 3096379 the not so migh...
the not so mighty maximiza's picture

It like a new dark ages.  Like before,  the kids had a harder and lower standerd of living then their parents and great grandparents during the Roman empire.

 

Wed, 12/26/2012 - 12:45 | 3096396 Shizzmoney
Shizzmoney's picture

And the men in the Senate, just like in the Roman Empire, are psuedo-pedophiles.

Wed, 12/26/2012 - 17:39 | 3097313 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

You meant: crypto-pedophiles?

Wed, 12/26/2012 - 12:41 | 3096382 Shizzmoney
Shizzmoney's picture

This just in: Lawyers are really good at bullshitting.

Wed, 12/26/2012 - 12:53 | 3096421 yogibear
yogibear's picture

Grad Lawyers need to sue all schools that promised a good salary and stuck them with the debt. Those that live by the sword die by it.

The graduate lawyers need to mobalize and hit all their schools with bankrupting lawsuits. It serves them right!

Wed, 12/26/2012 - 12:44 | 3096394 razorthin
razorthin's picture

Y?  Because we love you!

Wed, 12/26/2012 - 12:46 | 3096398 SanOvaBeach
SanOvaBeach's picture

I don't give a screaming flying about fuck about generation X, Y, Z, wee, wee!  Sucking-up all the SS, Medicare, and other beni's they well never see.  If your pissed, blame it on past administrations.  Gen xyz was still wearing diapers.  You don't like it!  Rise-up and tear it down you cry baby fucks.

Wed, 12/26/2012 - 13:07 | 3096458 UNCOMPROMISED
UNCOMPROMISED's picture

We're a little more subtle up-thread. But, +100!

Wed, 12/26/2012 - 14:00 | 3096595 fuu
fuu's picture

Oh just STFU there John Kerry.

Wed, 12/26/2012 - 12:56 | 3096429 magnumpk
magnumpk's picture

Law schools have been lying about their job placement success for years.  Now unemployed law school grads hire lawyers to sue the lawyers that run the law schools. A self sustaining virtuous cycle of keynesian stimulus.

Wed, 12/26/2012 - 13:00 | 3096437 PGR88
PGR88's picture

We are copying the laws and policies of places like France, Spain and Argentina - where youth unemployment is 20% or higher.

 

And we expect a different result?

Wed, 12/26/2012 - 13:37 | 3096535 sethstorm
sethstorm's picture

The problem is that you assume that the US doesn't have the resources or capability to perform extraordinary rendition of capital.

Once the US is willing to do so, expect the EU to follow suit to ensure no safe harbor.

Wed, 12/26/2012 - 13:03 | 3096441 NEOSERF
NEOSERF's picture

Nearly six million factory jobs, almost a third of the entire manufacturing industry, have disappeared since 2000. And while many of these jobs were lost to competition with low-wage countries, even more vanished because of computer-driven machinery that can do the work of 10, or in some cases, 100 workers. Those jobs are not coming back,

Let's hope that Burma, North Korea or some African country steps up to the plate ready to exploit it's "workers" when paying $400/yr to a Chinese worker becomes prohibitively expensive to keep iphone market share increasing.  This sea change that started 20 years ago is over, consumerism is dying and it will take a couple smaller collapses as boomers retire and country debt causes such malinvestment or disinvestment in job creation that the cards finally fall.  Inflation is running at 9%+ in those things that people value requiring cutbacks in all but neccesities...even Apple will bow before this cycle probably in the coming year and certainly prior to 2015. 

Wed, 12/26/2012 - 13:38 | 3096537 JR
JR's picture

America’s problem lies with the international globalists who have no loyalty to the working man or the nation, only to profits made from slave wages. Blinded by their stupidity and greed, they are destroying the current and future U.S. middle class, their consumer base.

In the final analysis, America’s problem is not manufacturing, it is the destructive influence on our private market economy by the international banking cartel using control of the currency to control all the nation’s industry and commerce. This emphasis on American labor as an expendable resource if cheaper and cheaper labor can be found elsewhere advances their worldwide cause to save Communism and its imperialistic slave system – with all the benefits going to the financial elites.

The globalists want an international, low-information, low-wage interchangeable work force that they can commandl in their banker-governed world plantation. That is why the globalists are displacing American workers with imported low-wage labor out of Mexico, instead of bringing better wages and working conditions to Mexicans in Mexico.

When the international bankers who own the Fed and the US Congress and Presidency are dangling at the end of a long rope from a tall tree, the American people will again be free

Wed, 12/26/2012 - 13:23 | 3096486 QQQBall
QQQBall's picture

Son worked for 6 months for free as an intern after graduating with master's Degree from Europe. They hired him at $42k to start plus bonuses. Not much dough living in Manhattan with a master's degree.  He could make 3x that working with me but doesnot like my business. We shall see, I tell him if he lives in the guest house and banks $100k a year and starts buying rental properties he can retire by 35 or 40 yo, but no go. I paid for his 6 years of schooling and intrenship time, so may be that gives him more flexibility than some?

Wed, 12/26/2012 - 13:34 | 3096520 Salon
Salon's picture

I thought that way too when I was younger. I would rather have a "professional" job that barely pays than make three times more but thought of as lower class

You will be an outcast in your peer group and the only girls interested in you will also be of that lower class too. Or bimbos.

For some making 100,000 per year as a tradesman/business owner is not worth being rejected by their college educated peer group and having to work and play in a blue collar culture cuz no one else will have you

Wed, 12/26/2012 - 13:45 | 3096560 Ralph Spoilsport
Ralph Spoilsport's picture

Glad to see you have your priorities straight. /sarc

Wed, 12/26/2012 - 14:52 | 3096698 Salon
Salon's picture

Lol. I said i used to think that way.

Just explaining the motive to the confused dad

Wed, 12/26/2012 - 14:58 | 3096717 the not so migh...
the not so mighty maximiza's picture

BIMBOS ARE FUN YOU ARROGANT UPPERCLASSMAN!!!!

Wed, 12/26/2012 - 13:27 | 3096506 Salon
Salon's picture

Gen Y just keep in mind that not all boomers and gen xers voted to rob future generations.

Not all of us are so financially illiterate or so selfishly entitled that we claim getting ten times more than we put in is "just getting what is owed us" from medicare and social security.

Some of us will help you burn it to the ground.

Wed, 12/26/2012 - 13:34 | 3096524 Magically Delicious
Magically Delicious's picture

We'll appreciate the help! :)

Wed, 12/26/2012 - 13:38 | 3096530 Salon
Salon's picture

Instructional booklets on flame throwing catapults and general pyromaniac mayhem.

amazing1.com

Greek Fire-- it's what's for dinner

Wed, 12/26/2012 - 13:58 | 3096589 Magically Delicious
Magically Delicious's picture

Byzantine laws repealed using Byzantine weapons... change we can believe in?

Wed, 12/26/2012 - 13:32 | 3096522 sethstorm
sethstorm's picture

Kill offshoring, aggressively pursue repatriation/rendition to the US, and things can start returning back to better conditions.

Wed, 12/26/2012 - 13:32 | 3096523 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

Who would have thought that a generation of sociology majors, diversity admissions, and Ivy League legacies raised on video games, fast food, and vampire movies would have trouble finding meaningful, productive work.

 

Carthage, or at least Hollywood, must be destroyed, bitches.

 

 

 

Wed, 12/26/2012 - 14:44 | 3096686 Salon
Salon's picture

Lol. Yeah. What he said.

Especially about Carthage

Wed, 12/26/2012 - 15:16 | 3096782 shovelhead
shovelhead's picture

Hollywood, must be destroyed, bitches.

Why?

Someone try to tell you the Little Mermaid story was real?

Wed, 12/26/2012 - 13:34 | 3096527 NEOSERF
NEOSERF's picture

So much for dreaming of being a stock-boy.  This ought to eliminate 1,000 jobs at the foodstores and another avenue to middleclass.  These on their own may not seem like much but are happening everyday.  Article two weeks ago in Boston about move to eliminate tolltakers altogether on the MassPike, which would be more applauded if tolls which were supposed to be eliminated after paying the Pike off 20 years ago happened.  But I digress, these kinds of low-no skill jobs are slowly being outsourced or technologically displaced and will make us look like Europe within a decade.  This was probably done to help keep food prices down and continue to "hide" the true cost of inflation which should have another category added to the calculation - "Government Weaned Citizens".

BOSTON (AP) — Food stores in Massachusetts will no longer be required to place individual price stickers on each item for sale in their shops.

A law taking effect on Jan. 1 allows shop owners to place price scanners throughout their stores. Customers can then use the scanners to determine the cost of each item.

The bill was signed by Gov. Deval Patrick earlier this year.

Store owners pushed for the new law, saying it would save them the expense of having to put stickers on everything in their shops.

But consumer advocates opposed the law. They say scanners can be unreliable, forcing consumers to play ‘‘guess the price’’ before heading to the checkout line.

Wed, 12/26/2012 - 13:45 | 3096559 SmittyinLA
SmittyinLA's picture

Could inflation drive computer processing?  

After "money" is eliminated as its too labor intensive to "adjust" every 10 seconds on real goods to mitigate currency debasement priting they'll switch to "electronic money" to mitigate debasement, but that will only push technology to get cheaper and cheaper to match our ever increasing currency debasement. 

Will our currency debasement ever exceed our computing adjustment power? 

 

 

Wed, 12/26/2012 - 15:38 | 3096839 shovelhead
shovelhead's picture

Lol,

Because the magic marker on the Delmonte peas shelf isn't even going to get a chance to dry before they have to change it from $.79 to .89 to .99 etc.

"WTF! $1.29? It said $.79."

"Sir, you put that in your cart 15 minutes ago."

Wed, 12/26/2012 - 21:45 | 3097888 Freddie
Freddie's picture

Thank deval patrick's brother aka the muslim. Yup. Hyperinflation here we come. Helped on by Kennedy voters of Massachusetts.

Wed, 12/26/2012 - 13:37 | 3096533 SmittyinLA
SmittyinLA's picture

Gen Y is irrelevant, they were replaced by generation mexican  

Wed, 12/26/2012 - 13:42 | 3096546 Titus Flavius C...
Titus Flavius Caesar Vespasianus Augustus's picture

I think, in fairness, that if you're being boxed out vocationally by someone who has no education, doesn't speak the language, and owns little more than some old Levi's and a t-shirt most hipsters would assume must be ironic... you were fucking up and losing out well before Perdo crossed the Rio Grande, no?

Wed, 12/26/2012 - 13:44 | 3096556 venturen
venturen's picture

When the dollar goes to zero...they will head back to mexico

Wed, 12/26/2012 - 16:36 | 3097068 Chaos_Theory
Chaos_Theory's picture

Just wait till Gen Y realizes they can cross the Rio Grande in the opposite direction.  Better weather, hotter women (at least in their 20s), awesome food, plenty of work replacing dead cartel hands.  If they're really smart, they'll keep heading South into Central and South America. 

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