tag:blogger.com,1999:blog-7892661697992560803.post8169001708564763128..comments2015-09-03T16:44:20.468-04:00Comments on Look at Your Life...Look at Your Choices.: Why Should YOU Care About Gen Y's Underemployment and (lack of) Income?Claire Callwayhttp://www.blogger.com/profile/16976981872531266366noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7892661697992560803.post-86012831269747548522013-12-17T13:52:03.415-05:002013-12-17T13:52:03.415-05:00I read another article about those "entitled ...I read another article about those "entitled generation" articles that pointed out two things: 1. These articles show up for every generation, and 2. These articles are based on the youth of that generation that the article-writers encounter, which is to say that they are based on... (wait for it) unpaid interns! IOW, they're generalizing from a small sample size of the very type of people who are likely to act entitled, rather than going out and meeting a wide sample size of that demographic. I don't think that Millenials are any more entitled than any other demographic generation; I do think there's more of a sense of betrayal. I'm the tail-end of Gen X and I know I was disheartened to graduate into a recession. It's worse now that the recessions are larger and deeper and the debt even crazier—the per-semester charge for my university is the same as a year when I attended, and that's less than twenty years ago!<br /><br />I have hope, though, because all bubbles pop in the end, and though deflationary events are awful, they do end.B. Durbinhttps://www.blogger.com/profile/07559705448147986730noreply@blogger.comtag:blogger.com,1999:blog-7892661697992560803.post-55950053459908324212013-12-17T13:28:03.397-05:002013-12-17T13:28:03.397-05:00Don't know where you got the 3.93 figure from....Don't know where you got the 3.93 figure from... using the Bank of Canada inflation calculator (http://www.bankofcanada.ca/rates/related/inflation-calculator/) $1 in 1982 = $2.18 in 2013 dollars.<br /><br />Regardless, it's out-paced inflation significantly... :(Claire Callwayhttps://www.blogger.com/profile/16976981872531266366noreply@blogger.comtag:blogger.com,1999:blog-7892661697992560803.post-20707524767809955412013-12-17T13:21:47.773-05:002013-12-17T13:21:47.773-05:00There's a mistake with the car price - if it w...There's a mistake with the car price - if it was $4800 in 1982, then at 1=3.93, that means the price today should be about $18800, much more than it costs today. But that's hardly surprising - it can't be that *everything* is more expensive than inflation would predict.. because... inflation... is... you know... how much more expensive things are (controlling for the fact that we buy different things). It's a bit naive to argue that things should not be more expensive than predicted by inflation. Some things rise more, some rise less, some even become cheaper (how much did you have to pay for a mobile phone in the 1980's?).<br /><br />This is not to contradict everything else you said, but the whole inflation vs actual prices of certain things is a bit problematic.Dubi Khttps://www.blogger.com/profile/02516275536197143541noreply@blogger.com