Today’s adults are in many ways worse off than their parents, so it stands to reason.
It’s a race to the bottom with FFG.
The_name_game on
MrTuxedo1 on
Thanks for that David
mover999 on
Captain obvious…. He just rehashed news that’s been around for the last 10 years
Comfortable-Can-9432 on
McWilliams is such a grifter. What on earth is the point of this article?
Just Google, “first generation to be poorer than their parents”, and you will get thousands of hits, some going back nearly 10 years. Holly Cairns said it months ago in the Dail. This is not in any way a new idea. It’s one that has been discussed endlessly.
But the last paragraph;
“It’s a world where career choices matter more than at any time over the past 30 years and those who fall behind might lurch politically in search of a saviour who might come from the unlikeliest of places.”
What? Is McWilliams cryptically predicting the rise of the new Hitler or something?
Senior-Scarcity-2811 on
We already know that.
Many of us have better jobs and are college educated, and will still be financially worse off than parents who did unskilled labour jobs.
Fundamentally, this is being caused by wage suppression and the hoarding of assets by the wealthy to increase profits even further, despite the richest among them already earning more per minute than they could possibly spend. Pure, unbridled, evil greed.
Bring back the guillotine.
Fender335 on
Mine are not.
oddun on
Unless they’re left their house(s)
Weak_Low_8193 on
The days of children being better off than their parents is over for the foreseeable future.
JONFER--- on
A big part of that is dependent on how a person measures wealth. A couple might own a house with a half acre land that they bought in the 1980s that is now worth over half a million.
But that nominal wealth is worth damn all to them, they have to live somewhere and probably have rules in the community so they are not going to sell. They are not making any extra money off the property’s value. If they have more than one or two kids by the time all inheritance taxes and other expenses are taken out each recipient will be lucky to receive 1/4 of the nominal wealth.
Wealth is largely derived from houses and land in this country. We are currently in a housing crisis that will last for years if things stay going the way that they are. One has to wonder why some people think it’s a good idea to drive up the housing demand through things like immigration et cetera
another problem with wealth generation is productivity and efficiency. Companies are getting more and more efficient at doing things, Amazon and other online retailers have effectively decimated the High Street. I guarantee you a lot fewer people are needed in distribution centres and delivery than are employed in all the shops that they undermine. If an office is tightly run with a good IT setup intakes may be five people to run it today whereas 15 or 20 years ago it would have taken 15 or 20. There are fewer opportunities for people to succeed and amass wealth true that success .
Many of the jobs that are being created are relatively low paid and offer less security.
It doesn’t take a whole lot of thinking about these issues to understand some of the things and driving them stop another major factor that people balk at someone mentions it is that there are too many children and people in general. If two parents have four children in many cases some of those children are going to have a harder time succeeding than their parents did.
Like so many articles this is just a rehashing and rewriting of old news. This has been talked about for the past couple of decades. It’s almost as if he contractually had to write an article for a newspaper, was stuck for ideas and decided to roll this piece out.
But the wealth he talks about is measured nominally, if a person has a choice whether or not to be born today or 50 years ago they would be nominally better off being born in the past when they Could amass assets cheaply. But they would have to deal with no Internet, tuberculosis, no installation, poor transport, vastly inferior healthcare and greatly reduced life expectancies.
This is a topic that is too easily oversimplified.
2_Pints_Of_Rasa on
*could*
123andawaywego on
No, it’s the vaccines that are stopping people from having kids – I saw it on FB
12 Comments
Today’s adults are in many ways worse off than their parents, so it stands to reason.
It’s a race to the bottom with FFG.
Thanks for that David
Captain obvious…. He just rehashed news that’s been around for the last 10 years
McWilliams is such a grifter. What on earth is the point of this article?
Just Google, “first generation to be poorer than their parents”, and you will get thousands of hits, some going back nearly 10 years. Holly Cairns said it months ago in the Dail. This is not in any way a new idea. It’s one that has been discussed endlessly.
But the last paragraph;
“It’s a world where career choices matter more than at any time over the past 30 years and those who fall behind might lurch politically in search of a saviour who might come from the unlikeliest of places.”
What? Is McWilliams cryptically predicting the rise of the new Hitler or something?
We already know that.
Many of us have better jobs and are college educated, and will still be financially worse off than parents who did unskilled labour jobs.
Fundamentally, this is being caused by wage suppression and the hoarding of assets by the wealthy to increase profits even further, despite the richest among them already earning more per minute than they could possibly spend. Pure, unbridled, evil greed.
Bring back the guillotine.
Mine are not.
Unless they’re left their house(s)
The days of children being better off than their parents is over for the foreseeable future.
A big part of that is dependent on how a person measures wealth. A couple might own a house with a half acre land that they bought in the 1980s that is now worth over half a million.
But that nominal wealth is worth damn all to them, they have to live somewhere and probably have rules in the community so they are not going to sell. They are not making any extra money off the property’s value. If they have more than one or two kids by the time all inheritance taxes and other expenses are taken out each recipient will be lucky to receive 1/4 of the nominal wealth.
Wealth is largely derived from houses and land in this country. We are currently in a housing crisis that will last for years if things stay going the way that they are. One has to wonder why some people think it’s a good idea to drive up the housing demand through things like immigration et cetera
another problem with wealth generation is productivity and efficiency. Companies are getting more and more efficient at doing things, Amazon and other online retailers have effectively decimated the High Street. I guarantee you a lot fewer people are needed in distribution centres and delivery than are employed in all the shops that they undermine. If an office is tightly run with a good IT setup intakes may be five people to run it today whereas 15 or 20 years ago it would have taken 15 or 20. There are fewer opportunities for people to succeed and amass wealth true that success .
Many of the jobs that are being created are relatively low paid and offer less security.
It doesn’t take a whole lot of thinking about these issues to understand some of the things and driving them stop another major factor that people balk at someone mentions it is that there are too many children and people in general. If two parents have four children in many cases some of those children are going to have a harder time succeeding than their parents did.
Like so many articles this is just a rehashing and rewriting of old news. This has been talked about for the past couple of decades. It’s almost as if he contractually had to write an article for a newspaper, was stuck for ideas and decided to roll this piece out.
But the wealth he talks about is measured nominally, if a person has a choice whether or not to be born today or 50 years ago they would be nominally better off being born in the past when they Could amass assets cheaply. But they would have to deal with no Internet, tuberculosis, no installation, poor transport, vastly inferior healthcare and greatly reduced life expectancies.
This is a topic that is too easily oversimplified.
*could*
No, it’s the vaccines that are stopping people from having kids – I saw it on FB