I'm curious as to how many of these entitled people who feel they should own a 50K beemer out of University are approved for financing.
Who needs financing when the purse of mommy and daddy works just as well?
There's a lot of parents out there who have no problem buying cars for their kids. My family isn't one of them. However, I know people who do. In fact, I know of one kid whose parents bought him seven different cars by the time he was out of high school.
Location: A simple man leading a complicated life....
Exp:
Employers have negative view of Gen Y workers
Quote:
Many employers prize Gen Y workers for their perceived facility with technology and social media. But 47 per cent of the bosses surveyed said millennials have a poor work ethic, 46 per cent said they’re easily distracted, and 51 per cent said they have unrealistic compensation expectations, according to the study by research firm Millennial Branding and financial giant American Express.
Quote:
Gen Y workers have a big desire for mentoring, according to the study, but only 33 per cent of those polled said their bosses were willing to do so.
I'm curious how much of that work ethic is their fault and how much is it a lack of work?
Look at me, I'm a Gen-Y sitting on CP right now so you can assume I have poor work ethic, right? Except that I'm finished all of my work and there is no extra work to go around. Now is that because there is no work or too many baby boomers that are scared to give up responsibilities but realize they need to hire young people for some succession?
Actually, I disagree with that. Buying a property is an investment - at a 30 year mortgage, your liability is that you hold a debt on an investment for 30 years. Are you trying to say its more responsible to commit to a 30 year debt on a property you do not expect to hold a liability for over the duration of the 30 years?
I know people move before their mortgage is up, but the way I view your risk is over the term of the liability. The irresponsiblity of expecting to hold a property shorter then the term (well, the sub-prime anyways) done by, well, baby-boomers is the reason for the 2008 recession that severly hurt a lot of people coming out of school who are in the 25-30 year old range - the range of people that is being critisized for having too easy of a life.
In Canada it's different Phan. It's best to buy mortgages in 5-year installments with the option to pay a lumpsum after each year. Then renew your mortgage for another 5 years.
I'm willing to bet that if East Coast Flame bought a crappy 150K condo right now with 15K down. Has a mortgage of $800-1000/month and save up enough money to pay a lumpsum at the end of each year, he could pay that house off in 10 years. I've done it myself.
Then at that point, he may have gotten married, had a kid etc.. then he needs a bigger house. If he finds a 2nd income, this is even easier to do.
Even if the house hasn't gone up (which it probably has at least a little just based on Cost of Living). He can sell that house for 150K and use that as the down payment for his new 500K house at the age of 34ish. I'm at this stage now, I'm 34
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
I think the whole system is a$$ backwards. We should not work until we hit say 25-30, then you work like a ####er till the day you die. Front end loaded retirement.
You wanna
You wanna
[Chorus]
You wanna hot body
You want a bugatti
You wanna maseratti
You better work bitch
You want a lamborghini
Sip martinis
Look hot in a bikini
You better work bitch
You wanna live fancy
Live in a big mansion
Party in France
You better work bitch
You better work bitch
You better work bitch
Now get to work bitch
(ahhhh)
Now get to work bitch
(ahhhh)
[Verse 1]
Bring it on
Ring the alarm
Don’t stop now
Just be the champion
Working hard like it’s your profession
Watch out now
‘Cause here it comes
Here comes the smasher
Here comes the master
Here comes the beat, beat
Beat beat to get ya
Now time to quit now
Just time to get it now
Pick up what I’m letting down
Pick up what I’m letting down
[Chorus]
You wanna hot body
You want a bugatti
You wanna maseratti
You better work bitch!
You want a lamborghini
Sip martinis
Look hot in a bikini
You better work bitch!
You wanna live fancy
Live in a big mansion
Party in France
You better work bitch
You better work bitch
You better work bitch
Now get to work bitch
(ahhhh)
Now get to work bitch
(ahhhh)
[Verse 2]
Break it on
Break it down
See me coming
You can hear my sound
Tell somebody in your town
Spread the word
Spread the word
Go call the police
Go call the governor
I bring the trouble
That means the trouble’s on
I make the governor
Call me the governor
I am the bad bitch
The bad bitch you’ll never know
[Bridge]
Hold your hands high
Fingers to the sky
They gon’ try to try ya
But they can’t deny ya
Keep it building higher and higher
Keep it building higher and higher
So hold your head high
Fingers to the sky
Now they don’t believe ya
But they gonna need ya
Keep it building higher and higher
Keep it building higher and higher
Work work work….
Work it out work it out…
You better work bitch
You better work bitch
One thing I've noticed is that the 20-somethings I work with are happy to go home at 430 or 5, and come to expect it. When they get to project management positions, it hits them like a freight train that the time commitment and responsibility is a consistent endurance battle.
A good handful of 20-somethings I work with too will prefer to "top out" at a senior level position but not as high as a PM or Director. They're happy to have just enough responsibility but without the time commitments and workplace pressures that come with the territory.
It's either genius or lazy, depending how you look at it.
I'll go home before some of my co-workers because in a lot of cases I can use computers 2-3x faster than they can. I can build the exact same spreadsheet or pull reports in 50% of the time that it takes them or write documents, etc.
Yet, they have more years and because of that, more pay.
Sometimes face time =/= productivity. That seems to be lost on a lot of Boomers.
The Following 2 Users Say Thank You to CaramonLS For This Useful Post:
I see a ton of fresh grads making excellent money right out of University. A big part of the problem is, the current crop of kids, want a $500k home, a $50k BMW, and a vacation cottage before 30. And expect the income to support that.
My dad was a draftsman making about $850/mth, out of school in the late 60's, which was good entry level money then, and my folks scraped together every penny they could, drove a $150 1959 Beetle for 2 years, lived in a basement suite where my dad did building maintenance for $50/mth, and considered spam good cuts of meat for cripes sake, so they could scratch together a $5000 down payment, for a $20,000 home in Canyon Meadows. That sacrifice no longer exists. People just ask mommy and daddy for their down payment now. Even I am guilty of that one myself on my first home.
People now want everything NOW, and that is the problem. That expectation leads to expecting 6 figures out of school. A ton of the jobs are going over seas and to South America now at half the rate, because everyone feels entitled to a CEO salary, without having to work their way through the ranks.
The entitlement issue is not a myth IMO. And a huge reason a lot of these old crodgers are being kept around, is because the work ethic is totally different. I work with a guy who is 66 years old, that can twice as much done in a day and at a higher level of accuracy and quality, than someone half his age, myself included. He comes to work, to work. Not youtube, or twit, or facebook.... work. How valuable do you think a guy like that is to a company?
I am only 39, and even the guys in their 20's that work with me, are shocked, I will put in 10-15 hours of overtime a week and come in on Sunday when I have to, if I have to just to get the job done. And I am not even technically paid for it the way my pay is structured. But that is why, I got to where I did. I am a company man, as are the two other guys in my department, who are all a little older. People bounce around now, and have next to no dedication to their employers. It is hard enough to get the current kids coming through ranks to show up for their shift a half an hour early for a meeting for gods sake. When in reality, you should be half an hour early for that meeting. And these are people I only have a 10-15 year gap on.
I am not saying this applies to everyone, as there a few guys I see, that are actually getting the picture now. But as a whole, it is an entirely different attitude now. Myself, I am definitely on the unhealthy side of the fence. I am a classic workaholic, who doesn't know when to just put the pen down a shut the computer off some days. But on the flip side, I see way too much 'bare minimum' being put out as well. Once these gen Y'ers understand that it is earned, not handed out. And once they learn they aren't "Special little babies that deserve everything" like their mommy and daddy told them, then maybe they will start pushing out some of the old guys takin' their jerbs.
Now get the hell off my lawn.
I agree with most of that, particularly the parts about entitlement, but there are two parts I take issue with.
First, I'm not sure what you're calling BS on. That people are graduating with record levels of debt isn't an opinion, it's a fact. It's not quite the problem in Canada as it is in the US, but it's still an issue. Your Dad scraped together money to buy that house, which is great, but people today are scraping together money to pay off their loans. Some people might be able to do both, most cannot.
Second, the whole notion of a "company man" and loyalty to an employer. That went out the window when employers demonstrated that they weren't going to value loyalty, and they sure as hell weren't going to be loyal to employees. There may be companies out there that have retained those values, but in general employees need to look out for their best interests, because their employers certainly aren't going to do it.
__________________
When you do a signature and don't attribute it to anyone, it's yours. - Vulcan
The Following 4 Users Say Thank You to valo403 For This Useful Post:
One thing I've noticed is that the 20-somethings I work with are happy to go home at 430 or 5, and come to expect it. When they get to project management positions, it hits them like a freight train that the time commitment and responsibility is a consistent endurance battle.
A good handful of 20-somethings I work with too will prefer to "top out" at a senior level position but not as high as a PM or Director. They're happy to have just enough responsibility but without the time commitments and workplace pressures that come with the territory.
It's either genius or lazy, depending how you look at it.
I disagree with this profile... Honestly, as one of these Gen Y people who thinks he's significantly above average intelligence, all I want out of life is some stability and confidence with regard to my work situation, and to feel like I have a purpose in doing it. I'd be more than happy to bill 200 hour months if I felt like the ground beneath my feet was solid while doing it. Getting paid a good amount of money and feeling like you're going home at 5pm all the time is actually not a very rewarding feeling.
The Following User Says Thank You to 19Yzerman19 For This Useful Post:
Its really funny how this thread degenerated into another "kids these days, so entitled ... parents buy them stuff, so they don't have to work hard, various whining about spending" ... did anyone actually read the article?
Yuppism... is not definable entirely by income or class. Rather, it is a late-20th-century cultural phenomenon of self-absorbedyoung professionals, earning good pay, enjoying the cultural attractions of sophisticated urban life and thought, and generally out of touch with, indeed antithetical to, most of the challenges and concerns of a far less well-off and more parochial Middle America. For the yuppie male a well-paying job in law, finance, academia, or consulting in a cultural hub, hip fashion, cool appearance, studied poise, elite education, proper recreation and fitness, and general proximity to liberal-thinking elites, especially of the more rarefied sort in the arts, are the mark of a real man.[6]
__________________
"With a coach and a player, sometimes there's just so much respect there that it's boils over"
-Taylor Hall
I disagree with this profile... Honestly, as one of these Gen Y people who thinks he's significantly above average intelligence, all I want out of life is some stability and confidence with regard to my work situation, and to feel like I have a purpose in doing it. I'd be more than happy to bill 200 hour months if I felt like the ground beneath my feet was solid while doing it. Getting paid a good amount of money and feeling like you're going home at 5pm all the time is actually not a very rewarding feeling.
but they're not going home at 5pm, they're going OUT. Enjoying the sophistications of Calgary!
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
I'll go home before some of my co-workers because in a lot of cases I can use computers 2-3x faster than they can. I can build the exact same spreadsheet or pull reports in 50% of the time that it takes them or write documents, etc.
Yet, they have more years and because of that, more pay.
Sometimes face time =/= productivity. That seems to be lost on a lot of Boomers.
This is another thing I take issue with. Boomers claiming they did more work than we do know. As someone who relies heavily on e-mail and word processors, I simply cannot see how it would have been possible for the previous generation to do more work. I can instantly exchange documents and type documents as I go. If I had to wait for snail mail and secretaries to type up my documents, I would have a significant amount of down time.
Technology, while making work more efficient and less time consuming in some ways, also vastly increases my ability to multi-task and gain access to more work. I can sit at my computer for 8 hours a day and have an endless amount of work in front of me. This, as oppossed to dictating a letter, waiting for it to be types, sending it by snail mail, waiting for the reply, etc....
