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Political Discussion
Reply to "American dream is dead: data clear shows how younger generations after Boomers have it worse"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry try again http://www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773[/quote] In the article [i]Going to college was more important for today's 40-year-olds. Millennials with bachelor's degrees or higher earn 113% more than what they would have earned with only a high-school diploma. But college-educated Baby Boomers made only 57% more than their peers with high school degrees.[/i] So where did those non-college educated boomers work? Many in manufacturing where they got union wages. example: boomer worked in heavy or light industry or made furniture or textiles in a factory. Those jobs don't exist anymore in the USA so the equivalent non college educated person now might get a job in the expanded restaurant or retail sector in a store or distribution center. Contraction of higher paying jobs and massive expansion of lower paying jobs. There are also categories of expenses that the average boomer entered zero $ from stuff like nail salons to cleaning services to lawn services for small plots. A boomer could scrape their way through college in STEM and get a decent job. Now there are over 500k jobs in the USA really not available to millennials. Globalism didn't work out so well for many.[/quote] Black people were often excluded from unions. [/quote] And if they were in unions they could have been excluded from the more responsible and higher paying jobs. So the boomers were NOT the people wielding power in the 1920's through 1970's. They were not even born for most of that time period. Old boomers include the AA in this article and there were even AA Army vets [WW2 and up] who were shut out of better union private industry jobs when they performed similar or more complex jobs in the military. https://www.baltimoresun.com/news/bs-xpm-1998-02-02-1998033014-story.html In the 1970's AA were in non HBC majoring in things from STEM to business. Jobs and recruiting etc were open. So an AA boomer born in mid to late 50's plus had opportunities. LBJ flubbed on Vietnam but did well on Civil Rights. [/quote]
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