The young are languishing in a society set up to favor the wealthy and the rich, and burden them with reduced opportunity. We have had 40 years plus of neoliberal politics, where the transfer of wealth from the middle classes to the rich, has been justified as required for economic growth. Young people today need a university degree, yet we make them pay the price of their education, and they go into the work force with a huge debt accumulated from this education.
The jobs market has been restructured to allow very low wages, as a norm, with millions of middle management and manufacturing jobs now no longer available. The young with dreams of owning property in the city they grew up in, are faced with spiraling property price increases, so that now it is unlikely many will ever be able to own a home. So they soon realize that they missed the boat with buying property, while their parents and grandparents have huge amounts of equity built up in the family home. A massive education debt, combined with low potential for a high income career, and it is no wonder the younger generations feel they are not on a equal playing field.
Older generations enjoyed free education, and higher wages, with government assistance in building their wealth. Tax incentives are still enjoyed by the wealthy, and the older people are always calling out for more assistance, at the expense of the younger tax payers.
Graduates from universities are uncertain about the real economic value of their degrees, the demand for jobs at entry level has never been lower. The universities also lowered the value of the degrees, by lowering entry standards, so that many more people are available with the degrees, than are required for many occupations. While we live in a knowledge based world, the push for so many young people to complete degrees, has created an imbalance of over educated graduates forced to take unskilled and very low paid jobs.
Free trade policies have led to the decline of manufacturing industries, with millions of jobs lost. Trades and technical skills have not been encouraged, and the middle management jobs are lost as well.
We have set up a world, where the wealth and lifestyles enjoyed by the baby boomer generation, cannot be replicated by the majority of their children and grandchildren.
Social change in leading to much higher levels of young and middle aged adults, never owing a home, always having to fork out more and more in increasing rent prices. They pay a higher proportion of their incomes in housing rent or mortgages then any previous age groups.
How do young families manage to save for housing, when they have such high debts built up for education. The scales are now unbalanced with most of the wealth resting in the hands of the ultrarich the top 10%, and they are making the rules, and setting up the young to be slave labour.
In past generations strong labour unions, managed to allow middle income families to earn a decent living. The rich of course have reset the employment markets, so that lower real wages are all that is available for most workers. Of course the younger generations, are barely represented in government, so the transfer of wealth continues at a faster and faster rate.
Media is not reporting on the extent of social decline, young people need to organize, and force changes to create some rebalance of wealth distribution.
Do what you can to create well paid employment for others, and seek to report on the real conditions in your community. It is well past the time to stop the drain of wealth, on the younger members of society.
Remember life is a beach
this photograph is my own and i hold all rights to use it
So True, yes I had a free education and my heart bleeds to see the debt and lack of opportunity that is placed upon my children and the world that has been created for us all. I did a post on this yesterday, and I hope you don't mind if I share it here.. https://steemit.com/life/@quantummonks/freaked-out-with-having-no-money-worried-about-your-future
i follow you now my friend
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Hopefully crypto currency... can alleviate the money control the generations previous have had and put the money where it needs to be.
that is true - i appreciate your comment and now follow you Paul
Back at ya buddy
why don't we go back to living in family homes , when times are stretched.
we could help each other , like in the so called good old days, to help move up the ladder and build up the losing community spirit?
good idea, it is and will become more neccessary- i follow you now Pam
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoThis is categorically incorrect. When you mention the media not mentioning a lot of things, it is best not to buy into what they mention.
A quick search would have yielded you this and tons of articles like it.
http://www.marketwatch.com/story/us-manufacturing-dead-output-has-doubled-in-three-decades-2016-03-28
What replaced the manufacturing jobs is automation. Technology was implemented...the jobs were lost. That is the fact that you need to start with since it is only going to get worse.
As for the other stuff, relax. While you are correct on most points, there is a lot going on that isnt talked about. Technology, more specifically, those that fall under the laws of IT is spreading across the economy. And you do know what happens when something is under the laws of IT? Things deflate at a rate the Fed cant comprehend. 2% inflation? How about 17%-60% deflation. Wait until all those people buying a home today and putting a 30 year mortgage learn that their home values collapsed since houses will be 3D printed (contour manufacturing). Housing will be popped out in a matter of hours/days compared to weeks/months.
And finally, take a look at the longevity and bio-gen movement. You have a huge advantage. In 20 years, the stuff that is killing people today will be a distant memory. The older people you are complaining about...goners. They wont live long enough to get the benefits from the radical treatments which are forthcoming. That is the true inequality. Someone in their 20s will have another 100 to 150 years to live (and healthy active living, not bedridden).
Nice, resteemed!
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