Reddit reviews Pinch: How the Baby Boomers Took Their Children's Future - And Why They Should Give It Back
We found 7 Reddit comments about Pinch: How the Baby Boomers Took Their Children's Future - And Why They Should Give It Back. Here are the top ones, ranked by their Reddit score.
no link to actual study so nothing to actually comment on. but here goes anyways.
the most important metric is wages and employment relative to the 35-50 age bracket. it is hardier to fake relative numbers. their attempt at creating new definitions for things like full time.under employed etc. woud be less important as they would apply to both age brackets.
also as the article is(apparently) a focus on youth the easiest way to judge their change over time is relative to other brackets, not to themselves.
this is exactly what the OECD does, and so i can assure you this "news" is 25 years old.
youth (yup early thirties is now youth) are being robbed of society.
read the pinch
the largest offender is the government themselves. why hire young nurse, teachers, doctors etc., they just pay the old ones more money and put in a hiring freeze to balance the budget cuz the union says so. or just make them unpaid interns.
this is fundamentally illegal as it is age discrimination and against current law. most unions are breaking the law and no one wants to enforce it.
the result will be no CPP for the old, and certainly no government pensions. ill be roling that shit way back. if you want your money ask your own cohort for it.
Willetts wrote a good book on this subject and he's been talking about it for many years. The Pinch - How the Baby Boomers Took Their Children's Future You should probably ignore most of the 1 star reviews as they seem to come from disgruntled boomers.
One our UK ministers wrote a book about it. http://www.amazon.co.uk/The-Pinch-Boomers-Childrens-Future/dp/1848872321/ref=sr_1_1?ie=UTF8&qid=1394364590&sr=8-1&keywords=david+willetts Funnily enough the one star reviews and nitpicking come from baby boomers...
I think he's one of the more interesting MPs on a national level. I usually agree with what he says, even though I don't support his party. He also wrote a book a couple of years back called The Pinch: How the Baby Boomers Took Their Children's Future - And Why They Should Give it Back, which seems relevant to this forum's interests.
http://www.amazon.co.uk/The-Pinch-Boomers-Childrens-Future/dp/1848872321
Here's a British version of basically the same thing. You can simply call it 'neo-liberalism' that happened to benefit the Baby Boomers (less government investment in young people, corporate friendly policies that reduced worker wages and rights over time and favored stock ownership), but I think the galling thing to most nonBoomers is their complete lack of understanding that the 'old normal' is GONE; nada, no more. The opportunities, the cushy jobs that were 'too good to be true', the union jobs that had fat benefits and safe work rules; all gone now.
Once the economic boil came off, really sometime back in the late 1990s with the crash of the tech bubble, people's wages fell off the cliff in real terms. 2008 just made accelerated an already occurring trend towards a lower standard of living among the young generation than the older.
This books breaks the entire phenomenal down into digestible bite sizes. The sheer importance of the book has been over looked for years now because no one saw this coming -- and still don't.
Long story short, we have A LOT of work to do to make sure this doesn't happen to the next gen.
I wonder if Bruce Canon Gibney, David Willetts, Joseph Sternberg, and PJ O'Rourke (for God's sake!) are all also part of this troll farm, or just unwitting dupes. 🤔