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Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by mschuster91 on Wednesday March 22, 2023 @06:20AM (#35259006)
> It's like Tucker Carlson said - it's no wonder that the young people support socialism, when they can't afford a house and face massive economic uncertainty even in professional fields, etc.

What? Tucker Carlson said something sensible and actually correct for once in his life?

For real though - remember the saying "If at age 20 you are not a Communist then you have no heart. If at age 30 you are not a Capitalist then you have no brains"?

It's just the same: by age 30, the generations of my parents and before generally had a stable job with one earner earning enough to feed a family, afford to buy a house and a car. Basically, back when that quote was said, people at 30 had actual assets to their name which (at least fundamentalist) Communism would have threatened to take away... but our generation? What do we have that actually belongs to us? Our homes are rented, our cars are beaters barely road-worthy, financed/leased or we don't have cars at all, our computers are often enough simply the machines we get from work, our phones are rented from our phone providers and our "pensions" are a virtual joke - the pensions in the US are a gamble on the stock market (and heaven forbid if there is an actual correction - stocks are fundamentally overvalued by at least 50%, but correcting that downward would wipe out so many people that politicians have no other choice than to feed the beast).

So, why should we defend a capitalist system that doesn't even give us anything in return? Why should we defend the right of rich people to exist when we have to struggle to make rent and food each month? Why should we not take up the pitchforks?!

Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by cudgy on Wednesday March 22, 2023 @06:45AM (#35259191)
> Why should we not take up the pitchforks?!

US citizens are too lazy to consider voting for candidates other than the ones lambasted by their corrupt news sources. Picking up a pitchfork and deciding who to stick it into requires even more effort.

Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by selimthegrim on Wednesday March 22, 2023 @10:48AM (#35261876)
> Oh and the old tale our boomer parents told us from "you have to waste your childhood with learning and learning and learning otherwise you end up poor"

Well, Lenin did say “Study, study and study.”

Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by mschuster91 on Wednesday March 22, 2023 @10:59AM (#35262082)
It's not incorrect... the problem is again, that what was true for the generations before is no longer applicable for my generation. A career in academia usually means sacrificing a lot of personal life - in way too many cases also sacrificing having a family, simply because of being constantly on the move chasing whatever grants you can and working ridiculous hours all for shit wages in the end, not to mention you can't really get approved for credit to buy a house or whatever when all you have to show for your credit history is a ton of half-year contracts.

And even academic degrees per se outside of academic careers aren't a guarantee for higher paying jobs any more, not since large companies started to use having an academic degree as a proxy to legally discriminate against wide swaths of the population, including normally protected classes: it's hard to get academic degrees with a variety of mental health disorders, and many people from socioeconomically disadvantaged castes (immigrants, poor people, people of color) get filtered out by the educational system way before they can even enter university.

So why should one go for an academic degree or otherwise put in unhealthy amounts of effort if you finish at 25-30 and still only get exploitative, underpaid labor? The entire "social contract" framework underpinning our societies is broken at a fundamental level and I don't see the political will to fix any of that unless the boomers are removed from society's high positions.

Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by selimthegrim on Wednesday March 22, 2023 @11:21AM (#35262410)
I would say I’m 36 and still a PhD student but as far as marginalized people in graduate programs goes I think the process of transition of power from an advisor to a student would be and is very difficult for people for marginalized groups who aren’t used to that kind of slow motion power struggle ending well for them.
Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by BeFlatXIII on Wednesday March 22, 2023 @01:08PM (#35264040)
There ought to be legislation requiring proof that a skills earned through a college degree are strictly necessary for job openings which are strict about requiring a degree as a filter.
Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by ROTMetro on Wednesday March 22, 2023 @01:43PM (#35264514)
The youth today have no agency and boomers are the problem. As king of the cop-outs myself I would love to be able to live in that sentence instead of doing something. May I suggest you read some historical literature to get a perspective on this magical world that must exist or somehow existed in order for you to live a happy life? Do you think minorities had it better in the 70s? People with mental health issues? You know pre 1950 young people lived in those big hotels in cities and had shared bathrooms down the hall, etc that are now treated as one step above homeless housing, right? If the youth today were willing to live like they affordability would match historical norms. I lived with my mom as long as I could to save until I had a girlfriend with a good income to share an place (and I was a software developer in the bay area in the 90s at the time). My boomer parents borrowed the money from their parents to put down on their house. I don't know what magical world is denied my kids but they sure seem to think it existed.
Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by mschuster91 on Wednesday March 22, 2023 @04:36PM (#35266725)
> I don't know what magical world is denied my kids but they sure seem to think it existed.

My father in the 90s was able to afford a SAHM with two children and a car on the salary of a low-level police officer, and by the time he was 30, to buy a large 3BR+kitchen+living room flat in Munich.

I'm as old as he was back when he bought that, and I have absolutely zero in savings, with the combined income of my s/o and me barely keeping up with rent and cost of living despite earning above average in an IT job. I couldn't afford to have a car but thankfully don't need it as public transport in Munich is actually worth the name. No, moving out of Munich is not really an option, as house prices and rents have exploded just the same in the entire area and rural areas are, as I described, absolutely left to rot in terms of infrastructure.

The world back then may indeed have not been as rosy as many of my generation paint it - but it sure was objectively better than today. Our only hope is that we can inherit something from our parents, assuming that there is something left over after elderly care will have robbed them of all their savings and assets.

Re:Swiss Are on the Hook for $13,500 Each on Credit Suisse B... by InCityDreams on Wednesday March 22, 2023 @11:40AM (#35262783)
>What? Tucker Carlson said something sensible and actually correct for once in his life?

No, unless you agree with what he said.