Would you say Generation Y is doomed?

[Reginald Noble]

OP trust and believe it's not just you. I been looking to upgrade for 6 months, all moves prior to this only took 3 months. The time it takes to move and shake has doubled. shyt is getting constricted, but there are unseen loopholes.

For example this year I got approved for a $10k SMB credit line but my PERSONAL credit card limit is a paltry $1,5k and I've tried for an increase 2x to no avail in the past 9 months or so despite displaying excellent usage (the ability to pay off $700 a month repeatedly, common sense would dictate that an increase is warranted would it not?). I think that for the average joe not thinking entrepreneurial yeah there is a big shafting coming up. A lot of nikkas gonna see hours cut and blindsided wondering what's going on even though we are not in an official "recession".

There is an unspoken constricting of the market going on. Confidence in U.S. has dropped as well as world markets as an aggregate whole. We're getting fukked up in the game and people too busy drinking Bey Lemonade or doing the Running Man.

But for the entrepreneurial brethren I've been hearing a LOT of buzz going on in the contract and side gig world. A LOT of cash transactions happening and the IRS ain't getting their cut. The middle men like Paypal are raking in - They work out deals with the IRS to get participation up ( you can get 20k in revenue transactions without having to report to them). Think about it 20k untaxable cash except what you pay to Paypal or the middle man plus your base income. For you brehs that earn 40-60k that is a big fukkin bump.

There is an underground SMB economy emerging and dudes is thriving and eating, but it requires networking and hustling and detachment from the 9-5 to a certain degree. So any breh making less than 75k with no potential of making 100k+ i highly advise you to get on LinkedIN start building your personal brand, contacts and connecting with the loudest nikka you know that actually gets contacts with these rich dudes who look for specialists to handle various aspects of their LLCs and corps. They don't like the tax man and neither do you. My boy is looking to hook me up and take some commission off the top in exchange for him handling the sourcing. He knows this rich Italian dude that needs services from my specialty and from what my Woman does too.

90% of this stuff will be "off the grid". Contacts are everything Man. And knowledge is power, GET UP.

Automation will kill off the concept of employment. Then them basic income checks will come since they're too many people in America for gainful employment.

You been bumping this for a while now

You sure you not looking for a handout

 

[ExodusNirvana]

We're not doomed but we're definitely not gonna get all the benefits that the boomers got. Remember that back then a dude could get a factory or manufacturing job out of HS and support a wife and kids on it. Now? You both need to be working and you both need to be making enough money so that if there are no viable social programs/outlets available or just straight up shyt for your kid to remain mentally and physically stimulated, you will need to be able to afford to pay for something or someone to keep them occupied so they don't end up doing dumb shyt like banging in the streets or just plain old wildin out doing dumb shyt, which kids will always do but now in this social media age...mannnnnnnnnn


The generation after us tho? They are fukkED. And they don't even know it because they haven't even been taught how to identify when they're being fukked because of No Child Left behind and other flaws in the American education system.

 

[CodeBlaMeVi]

I gotta say, brehs and brehettes that this job hunting for a gainful full-time employment has me thinking about some things and whether or not I'm going to advance in life (not sure how many job rejections I can take ) because all I can get are part-time jobs in spite of the fact that I'm over qualified for them...or maybe the generation before us should've built a foundation for their children and grandchildren.

Anyways, so it has me thinking with the way the socioeconomic climate is today, I have to say that the younger people, Generation Y are having a worse time than say Baby Boomers. When my dad talks about his youth, he was already building his first house, able to afford a lot of sh_t including taking care of my mom who had the luxury of being a housewife and not worrying about sh_t, job with plenty of benefits, and had a lot of nice cars. All this happened before 25 years old. I was like, "Damn, I can't even get a crappy full-time job so I can afford health insurance."

I know a lot of people in my Generation (I refuse to call us "Millenials") in the same boat in spite of a few doing good, but it's starting to make me feel like if this country doesn't get any better, how would the future look in this country? Baby Boomers are the last ones to enjoy "The American Dream" and now my Generation is going to be running things, but they already f_cked it up for us.

I don't know this job hunt got me like and I'm just marinating on some things.

Different time with less global and intra-country competition, immigration and immigrants working for less, and the biggest culprit is technology. Surplus of workers too. Jobs paid well because they wanted to keep employees and not constantly retrain people. America is much more efficient with less people. Efficient never beats slave labor, though. Slavery is abolished so here we are. I've yet to secure a job that requires a degree but I thought a charge prevented me from teaching, what I always wanted to do, and GOD gave me another chance instead of going to law school. Teaching is in high demand since more immigrants keep coming in and they can't keep teachers in the profession.

 

[Robbie3000]

Baby boomers are like a swarm of locusts devouring everything in their path. They won't even grow old graciously. We will only be able to pry the levers of power from their cold dead hands.

 

[Red Shield]

There is an unspoken constricting of the market going on. Confidence in U.S. has dropped as well as world markets as an aggregate whole. We're getting fukked up in the game and people too busy drinking Bey Lemonade or doing the Running Man.

But for the entrepreneurial brethren I've been hearing a LOT of buzz going on in the contract and side gig world. A LOT of cash transactions happening and the IRS ain't getting their cut. The middle men like Paypal are raking in - They work out deals with the IRS to get participation up ( you can get 20k in revenue transactions without having to report to them). Think about it 20k untaxable cash except what you pay to Paypal or the middle man plus your base income. For you brehs that earn 40-60k that is a big fukkin bump.

There is an underground SMB economy emerging and dudes is thriving and eating, but it requires networking and hustling and detachment from the 9-5 to a certain degree.

I figure sure.. confidence in the usa would drop. But the usa is still the least shytty option out of a bunch of shyt.


But yeah.. not surprised by any of that at all. Taxes staying the same or going up combined with decreasing wages/terrible quality job creation...


All that talk of banning cash should have been a big hint to everyone.

 

[Reginald Noble]

All that talk of banning cash should have been a big hint to everyone.

You can't ban cash because then you are violating the constitution's right for Government to stay out of your personal life.

NSA and other agencies can track anything digital.

 

[Red Shield]

You can't ban cash because then you are violating the constitution's right for Government to stay out of your personal life.

NSA and other agencies can track anything digital.

You think they give a fukk about that piece of paper





I few months ago... lotta talk about it outside of the usa in places like europe/japan. Along with negative interest rates...

I don't think any of that shyt would happen in the usa, but the thought of it has to have crossed their mind.

 

[JoogJoint]

Entrepreneurship is the foundation of this country and once we all understand that we have to get out here and make moves on our own...progress will happen. I mean, I view the word WORK as a synonym for OPPORTUNITY. If it can be done but it's going to take a lot of work then I'm on it because I know that for 1: the competition will be minimum. It's working out well for me. Try it. Stop relying on others to put a roof over your head and food on your table, know that it can all be taken away at any moment therefore financial autonomy should be the goal regardless of where you start or the path you choose to take. Make your money, save and invest as if you Know it's only a matter of time before that job is revoked. Autonomy should be the end goal, period. View your employer as a mentor, take those skills and the knowledge you gain with the intention of doing that same thing on your own (except you'll do it better).

Not that I disagree with you because I do, but how many people my age, especially young Black People have the money from their parents to start a business? I can understand entrepreneurship for my White counterparts because most of their parents were smart enough to save up money and think about their children's futures, but most Black Baby Boomers didn't do that even when their situation was prosperous for them. They have no wealth to pass on down to us, but expect us to start from scratch. It doesn't quite work like that. Young people need something to build from and many of my Black counterparts don't have that.

 

[JoogJoint]

Vote for trump

But I must ask what's your major...

Even then with inflation a starting salary out of school barely gets you by anyway

Cost of groceries alone are tough

Very difficult to actually save until about 2 promotions

 

[JoogJoint]

How's your resume looking? Are you doing mock interviews to get your skills and story down?

I've done all that and a lot more and either I get the "you're overqualified" or "you're underqualified" bullsh_t. Then it seems like I'm having a wait months just to hear a response back.

 

[JoogJoint]

It's no coincidence that they voted for Hilary, instead of Bernie, and the young people wanted Bernie.

It was their generation that gave us the drug problems, the family problems(broken homes), and much more. They did help with the black power, and hippie era, though!

They're just a selfish generation I guess

They were born when things were good for the country. Narcissistic mudeesukas!

The Most Entitled Generation Isn't Millennials. It's Baby Boomers | RealClearPolitics

I agree, breh. They really don't care about their kids and grandkids. They already got what they wanted out of society and they are dying out anyways, but then they expect us to take care of their asses. How are we supposed to take care of our parents when we have our own problems?

I find it interesting that our grandparents would relate to us more than our parents. That's no coincidence. Our grandparents dealth with some real ass sh_t and they understand what we're going through. When I talk to old people, I'm talking about REALLY OLD people they understand our plight. When I speak to my dad, it's like, "Well maybe you need to go back to school and then you can get a great job!"

We're spoileed, but yet most of us can only get two part-time jobs if we're lucky and some are juggle that much AND going to school AND applying to other jobs. We're "entitled and lazy though...

 

[JoogJoint]

I agree totally with you on Entrepreneurship, but everyone can't do that, so EDUCATION is the most important for everyone. This country just doesn't value skill mastery. We are taught that good is enough, and that is for things that most don't use in their everyday lives like complex math, so most of us aren't taught the important skills that help you survive, and ultimately build a strong country!

This country needs to go back to teaching children how to do technical jobs, this way they can build skills that can help build new products that can help the world. Teaching them coding helps also. We need to make it mandatory for a child to be taught business, technical manual labor skills, and coding. This will allow every child to be able to create something they can eat off of as they get older, or be able to maintain the structure of the system with the technical skills, and coding.

Everybody I know with a skilly or technical skill making BANK right now whereas the rest of us with degrees with technological skills outchea struggling.

Entrepreneurship is only good if you already got a foundation to work with.

 

[JoogJoint]

Hate to break it to you, but there is no hope for your future. Generation X got next and we hate you smug self righteous millenial b*stards. Sucks to be you

You know I hear this a lot, but you guys haven't explained HOW we are though...
Generation is another spoiled Generation. You guys are the last ones to get a slice of that American Dream from our Baby Boomer parents.

 

[JoogJoint]

This quote from the article I linked sums up what this generation needs to do. Y'all need to step up to the plate, or have these old nikkas deciding your fate. They could care less about yall because they are are gonna be dead

"Give us a break. Millennials are not entitled. But we are frustrated.

We’re frustrated because the same Baby Boomer bloc that created or tacitly perpetuated the policies that have hamstrung Millennials now makes up almost a third of the American voting -aged population and holds nearly two-thirds of the seats of the United States House of Representatives and Senate. This, during a decade-long span when incumbent House and Senate members are richly rewarded for being the most unproductive legislators in U.S. history, respectively winning reelection 94 percent and 87 percent of the time.

Granted, many members of our generation need to learn how to vote every two years, not just every four. And we need to begin to fulfill the civic-minded label - “The Next Great Generation” - which social scientists have bestowed upon us. When we do begin to regularly share our opinions in the voting booth, not just on Twitter, you can be assured that we’ll act to keep this country great. We’ll make the “hard” choices the Baby Boomers have refused to make."

I already told my parents I'm not taking care of their asses. I'm putting them in a home no f_cks given.

I do agree with you that my generation needs to be more involved in political and social issues. Most do not vote, but when my generation does, it's usually in the general election for president. We need to do more. It's a shame a lot of my counterparts don't care considering a lot of us are now older, some are parents, married, homeowners, active employees, employers, and job seekers. Who gets into office effects now more than ever.

 

[JoogJoint]

True, but that's the very reason is why I say those things are needed. It would bea meal for them or just starving.

People may not want to believe this, but I see things going real bad for the middle class in two years. It will literally be the poor, and the rich, the the thing is it won't be so easy to see like in other countries such as brazil(poor live in favelas), based on how this country is made. The look will be different but the premise the same, poor, and rich, very little middle class, so skill is important.

Once the system falls off, those people who have skills can help build the country back up. This is how Japan came up, and Germany came up, they used their skills to become countries that are doing well, now!

Every great civilization has to fail on its own and destroy itself sometime before it can be rebuilt.

Most of my generation is going be part of the poor and yes that includes the ones who think they have a made just because they have a job working paycheck to paycheck.

I think this is America in this case. Which is why I say let either Trump or Hillary get selected elected as president and let this country destroy itself. I wish things will get worse because we will be forced to rebuild ourselves. This country thinks they can depend on the yesteryear generations and forget that Generation Y are going to be the ones calling the shots and we're all this country has left at this point, but we have nothing to show for it thanks to the Baby Boomers.