Quote:
Originally Posted by CaramonLS
Bah, rants of lame old men around here.
I'll talk about one reason specifically why the younger generation is pissed off and should be upset about the way things are going:
Entry level salaries for University grads are not rising proportionately to cost of living, while CEO's salaries are increasing exponentially.
Think about the cost of a house. In the 80's, you old farts probably bought your brand new baby for 2-3x your base salary (my father personally made 35K and paid 67K for his house).
Now, us on the other hand are looking at 4x-5x the amount on a normal entry level salary and that's for a ****ty condo. More people than ever are getting stuck in the renter's rut, unless they are married / have generous parents.
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Housing costs rise because there are more people competing for less real estate. Salaries drop because there are more people competing for fewer jobs and there is always someone else who is willing to do the same job for less than you make.
Why should you expect those to be tied together or why would corporations be inclined to tie what they pay to rising housing costs?
I agree with your point as we all would like more pay and cheaper housing, but it just doesn't coincide with reality unless a protest can galvanize government intervention...to start killing off the weak and infirm and deporting the visible minorities.