a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
kleinbl00  ·  2875 days ago  ·  link  ·    ·  parent  ·  post: Wages have fallen 43% for Millennials. No wonder they’ve lost hope

Especially if you count the math entirely wrong. From the article:

    Pesky Whipper-Snapper incomes have also fallen dramatically compared with previous generations. Pesky Whipper-Snappers in 2013 had median earnings that were 43 percent lower than that of Generation Xers in 1995, when Gen X was at a similar point in its demographic development.

From the article's citation:

    In fact, according to data from the U.S. Census Bureau, the median earnings of 18-to-34-year-olds were 9.3 percent lower in the 2009–2013 time period than in 2000. The 2013 median net worth of this age group had declined by 43 percent from a high in 1995, when Gen Xers were under 35.

So their data really says "net worth has fallen 43% since 1995" which means "student loans have gone up a crapton" which is not good but fuckin' A the very same graph they're bitching about shows that wages have gone UP since 2010.

I'm not gonna go through and fact-check the whole thing. Don't get me wrong - millennials are fucked. But if we can't even accurately describe their fuckitude the 'boomers aren't going to take things seriously.

Especially as they're kinda fucked, too.