• UK: Young Men will earn less than £12,500 compared to their parents
    10 replies, posted
[IMG]http://ichef.bbci.co.uk/news/624/cpsprodpb/B327/production/_94236854_chart_millennial_men.png[/IMG] [QUOTE]Men in their 20s are earning thousands of pounds less than the previous generation owing to the changing nature of work, a think tank has suggested. By the age of 30, young men have earned £12,500 less on average compared to those born between 1966 and 1980, according to the Resolution Foundation. It suggested that men now were more likely to be working in basic service jobs, or part-time, with lower wages. The result was a narrowing pay gap between men and women. The Resolution Foundation is a not-for-profit research and policy organisation, which says its goal is to improve outcomes for people on low and modest incomes. Torsten Bell, executive director at the Foundation, said: "The long-held belief that each generation should do better than the last is under threat. Millennials - those born between 1981 and 2000 - are the first to earn less than their predecessors.[/QUOTE] Sources: [URL="http://money.cnn.com/2017/02/09/news/economy/jobs-earnings-men-generations-millennials/"]CNN Money[/URL] [URL="http://www.bbc.co.uk/news/business-38917756"]BBC News[/URL] [URL="https://www.theguardian.com/money/2017/feb/09/men-earnings-20s-millennials-generation-x-resolution-foundation"]The Guardian[/URL]
[QUOTE]The Resolution Foundation is a [B]not-for-profit [/B][/QUOTE] Much like getting a job in this economy, ey? Ey?
Title is quite sensationalist. When I read the title my first thought was that was £12,500 per year less than their parents, because we often speak of pay in terms of per year. But that £12,500 is of their total pay ever since they started working, until they were 30. So that difference could be accumulated over 12 years, for people who started working when they were 18. Or only ~£1,000 difference per year (but that doesn't make for a good headline, does it?) Obviously it's not good anyways, and yeah their are factors like part-time work, but I imagine another major factor is that many young adults these days are sacrificing time they could have spent working, to study at university instead (so they can study for decent paying jobs), compared to back 'in the day' where you entered full-time work as soon as you left school. So previous generations spent their entire time from 18-30 in full-time work, whereas young adults now are spending half of that time studying and possibly doing part-time work, and the latter half of their 20's in full-time work after they graduated. No wonder there's a difference, because young adults today are making that sacrifice now, to build their careers.
It's happening all over the developed world. Unfortunately it's not going to change unless there is a violent revolution or another depression.
[i]""maybe you should work harder then""[/i]
[QUOTE=Ithon;51810026][i]""maybe you should work harder then""[/i][/QUOTE] Technically it works but then you get no time to live
[QUOTE=rndgenerator;51810042]Technically it works but then you get no time to live[/QUOTE] often you dont even succeed anyway, just work to survive
[QUOTE=Daniel Smith;51810013]It's happening all over the developed world. Unfortunately it's not going to change unless there is a violent revolution or another depression.[/QUOTE] Yeah that's not alarmist at all. As BF pointed out this really isn't that dramatic of a difference when you look at a typical time scale that this stuff is usually discussed.
[QUOTE=rndgenerator;51810042]Technically it works but then you get no time to live[/QUOTE] Or you end up like my father and grandfather. My dad came in today after working on generators, and he could barely move his right arm. He said it was completely numb, and he could only lift it up a few inches before it'd immediately drop. He also almost had an internal decapitation from a car accident in one of his work trucks, which saw him go 20ft into the air into a tree after trying to avoid a collision with a women taken her kids to school. Went off a curb that had a slight ramped incline and even though he tried to brake, due to his company overweighting his truck, he couldn't stop it in time. Airbag didn't deploy, and now he has several discs in his neck which pretty much no longer exist. Even when he was getting pulled out his truck by the Tucson Fire Department, he tried to make chitchat about their generators and was attempting to schedule a showroom exhibit of generators, and how they could benefit the fire department. Another time while fixing a generator in NY, he was attacked by a German Shepard, had a chunk of his face torn off, and some of his teeth could be seen, but out of respect for the client, he refused to report it, and tried to suck it up until my mom saw him, and forced him to goto the ER. Crazy fuck, wrapped the wound with electric tape, said he'd be fine. The dog was never put down for attacking him, because my father just insisted it was a stray which attacked him, as he felt it was his fault for not alerting the dog of his presence on the property. Eyup. You either work till your bones show, or you'll have the blessing of god and somehow live whenever life tries to put you out of your misery. As for the news article, this doesn't surprise me. Lot of good jobs are being lost or most men will not have the "experience" to get into jobs which once would only require you to sign up and learn from the elders at the company. Back then if you had some technical knowhow, you could get a job at any car repair shop in this country. Now you need to have taken college courses and having any actual knowledge in the actual field that comes from not-college and real life experience, is considered detrimental. Shit is whack.
[QUOTE=Ithon;51810026][i]""maybe you should work harder then""[/i][/QUOTE] Oh ok, I can sleep when I'm dead... :(
[QUOTE=BF;51810002]but I imagine another major factor is that many young adults these days are sacrificing time they could have spent working, to study at university instead (so they can study for decent paying jobs), compared to back 'in the day' where you entered full-time work as soon as you left school.[/QUOTE] I also know for a fact that a lot of people who are taking that time to study are not getting the jobs they studied for or in another twisted reality a lot of people now have to study for a job that originally was straight forward to get into (again taking more years out of the working life).
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