3/16/2020

Ok, Boomer

Or is that “Ok Boomer?” Whatever. We all know it’s the clueless, snarky response of a spoiled brat who imagines that he or she has it “harder than any other generation.”Baby boomers just don't seem to get it. Millennials have it a little harder than they did. Not only with college tuition but let's look at the job market. Most jobs now, you need a college degree for. 61% of Millennials attend college compared to 46% of Baby Boomers. You need a college degree for places to even look at your resume. That wasn't the case when our parents were looking for a career. But now, not only do they want a college degree, they want you to have experience.” That’s typical of the kind of mindless drivel these children spew and they even imagine it is true. 

I’ve been dismissed a few times myself and I don’t waste my time trying to educate these kiddies any longer. I just remind myself that I’m not the jackass whisperer and move on with my life. However, I wonder if there will come a time when these old children discover how wrong they are? The author of the article I quoted above lists a collection of “boomer prices” vs today’s prices and imagines that somehow those numbers account for inflation. Of course, they do not, but math skills and, even, simple accounting skills appear to be something that has been lost in their education. It’s not like the tools aren’t there in K-12 and beyond, it’s that they do not want to waste their precious screen time learning those skills. Strangely, they imagine that my generation magically got that stuff effortlessly. “A dozen eggs for Baby Boomers” did  “cost about $0.84” and today they cost $0.99 to $1.50, for an inflation value of 20% to 50%, while the minimum wage was $1.00/hour in 1960 and today’s minimum wage is $7.25 (federal) to $15.00 (several states) for an inflation rate of 700% to 1500%. Eggs are one example and there are several examples of items (like housing) that have inflated far beyond wages. College, however, is one item that varies by state; from the worst case, California, where college tuition went from free to $138,000 for 4 years of UCLA and $15,000 in 1970 to $28,000 for 4 years at typical state colleges (like the University of Nebraska where I attended). California’s tuition rate is nearly an infinite increase, but most states saw an 85% increase in tuition over 50 years, not even close to wage inflation over the same period (the 1970 minimum wage was $1.60). 

As I’ve marveled before, humans don’t ever seem to learn anything the easy way. Two generations away from the last war fought with draftees, young Americans shrug off reality and history as if it doesn’t pertain to their situation or any situation with which they have chosen to compare themselves. For example the claim, “Most jobs now, you need a college degree for.” Ignoring, the fact that this presumably college educated kiddy doesn’t even know about dangling prepositions, that whole claim is a joke. The kinds of jobs that my generation didn’t need degrees for are often crying for applicants today, but Millennials don’t want anything to do with manual labor. I’ve been told that “we were promised great jobs if we went to college” by nitwits who were told in clear terms by a collection of experienced adults that their degree in music was worth slightly less than the paper upon which it was printed, economically. Not only did they persist in wasting money on that degree, but they doubled-down on the delusion and went for an MFA (which stands for My Fabulous Adolescence). Now, they are surprised that Starbucks asks for a degree for a coffee shop management job because every idiot serving coffee or donuts has a useless liberal arts degree. Why not ask for it? 

Housing inflation is an interesting problem. Housing is expensive in the places young people insist on living; large cities, and the quality of home Millennials insist is their right. My first house, in 1973, cost $8,900 in Central City, Nebraska. The place was a dump, but it was all I could afford. In three years, I replumbed the place, turned an attic space into two bedrooms and a sewing room, built a garage and workshop, and landscaped the place while supporting my wife and two kids on $3.25/hour and regular 80-90 hour weeks. My “vacations” were spent working on the house or working a second job (R&R bands and music equipment repair, usually). We sold that house for $16,000 and moved “up” to Fremont, Nebraska and a larger $20,000 1920’s house. I started the remodeling routine over, but in 1979 I was laid off along with 1,400 people in my company and almost 2,000 others in two other industries in Fremont and I sold that house for $18,000 and slipped the “buyer” $5,000 under the table so they could make the “down payment".” So, not counting my improvements and labor, I lost $7,000 on that house. I didn’t buy another house for almost a decade. 

Chased by the constant regional recessions of the 1980s, we moved to California where my salary was $28,000/year (with the usual 60-90 hour work weeks) and a typical middle class home was $120,000 at 15% interest. Totally unaffordable, by any math I understand; although at least one of my kids thought I was a failure and a fool because I couldn’t figure out the ladder of mortgages, second mortgages, credit cards, and third mortgages her friends’ parents used to pay for their homes. Like today’s young city dwellers, California homes were far beyond my reach in 1984 and that only got worse until I left in 1991. Just like city life, almost everywhere, today. 

However, while I lived in California and didn’t have a chance in hell of owning a home there, I bought a nice, normal, very old house in a normal town in Nebraska for $5,000 cash. Over five years in California, I took occasional “vacations” to Nebraska to fix up that house until I had it in good enough shape that I could rent it. As a landlord, I made a little money, took decent tax write-offs, invested money in the property, and a decade later sold it for $15,000. Not a terrific profit, but not bad either. I have always believed in the adage that “you never want to buy the nicest house in the neighborhood.” Usually, I’ve bought the worst house in the block or neighborhood or, even, town, fixed it up, and sold it for more than I paid for it. It’s hard to describe what I’ve done in houses as “profitable,” but at least I didn’t lose a lot and had a place for my family to live. 

That isn’t something a lot of today’s young people are willing to consider suffering with. They imagine that not only should they get to live like their parents do after decades of work (without the decades of work), but they should get to live in the city of their dreams in the house of their dreams with the stuff of their dreams. 

Good luck with that. 

I recently read a book about war, from an American perspective, that described “warriors” from each succeeding generation who imagine themselves tougher than the previous generation but who fought less risky, less demanding battles, for shorter durations each generation. For example, Civil War veterans were tougher than WWI vets who were tougher than WWII vets who were harder tested than Korea or Vietnam vets and so on. I suspect that is, on average, true. Today’s military that depends on drones to take the big risks probably feels really battle hardened, but has a terrible time with third world fighters who are throwbacks to American soldiers of at least 70 years ago. 

Likewise, today’s kids act as if they are being tortured and mistreated when they are asked to perform ordinary work tasks. They have self-directed themselves into the college path to avoid growing up or having to learn manual labor skills. It turns out that electricians, welders, mechanics, technicians, and plumbers are worth a LOT more than musicians, graphic artists, anthropologists, historians, librarians, clerks, help desk phone operators, and the rest of easy liberal arts “skills.” That was true in 1960-70 and it will be true in 2050. That 54% of Boomers who didn’t attend college often found dirty jobs doing hard manual labor in dangerous conditions for long hours and they supported their families. 

When I tell kids that they wouldn’t believe the kind of crap I did to support my family, they say, “Ok, Boomer.” Then, they expect me to feel sorry for their foolish economic decisions and general low energy and motivation. I don’t. I am not the jackass whisperer. I’m 71 and I have, possibly, infinitely more days behind me than in front and fixing the future is not my job. If it was, I’d quit.

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