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"the chance at a high income" That doesn't speak to entitlement to me, but rather just getting on the path that, with hard work, can lead there. The problem i

"the chance at a high income" That doesn't speak to entitlement to me, but rather just getting on the path that, with hard work, can lead there. The problem is that many are unable to even get their foot in the door. The hope is eventually it will change with the boomers retiring and opening up positions, but there is always the danger that this generation will be skipped. However, the same fear happened to Gen X, that GenX would be skipped over, but after some major growing pains that generation too found their way in. Perhaps instead, the problem is that those who graduate into a recession are leapfrogged by those who graduate into a great market. There are other studies that show the disparity in lifetime earnings based on this.

randomdata 14y ago
I am roughly the same age as this person, and as kids we were told that all we had to do was work hard in school and high incomes would come our way. And so we, generally speaking, did – well over 50% of the Canadian population have achieved an education level higher than high school, and is considered one of the most educated nations. Of course that idea is impossible. High earnings are not an absolute value, only a value greater than a typical income. If we all received high incomes, that income would just become typical, leaving a small group with an even higher income to strive towards. This person is making an average income, which is where you would expect the average person growing up in our generation to be. We cannot all be above average. It is a logical impossibility.
- michaelochurch 14y ago
  I am roughly the same age as this person, and as kids we were told that all we had to do was work hard in school and high incomes would come our way. Actually, my experience is that high incomes did come our way. Sort-of. The problem is that the price of everything went way up. If you include the fact that career needs now necessitate living in a high-COL area, inflation is much more than the 2% on paper.
- ebiester 14y ago
  Ah, but there's a problem here. I've seen it with a few of my friends. They graduated college, and couldn't find anything. They took what was available, typically call center jobs. Then, when entry level jobs came in their desired field, they were passed over because their experience was in low skilled positions. Those leaving college are given a free pass since they aren't expected to have experience. However, once you take that low skill position, it's much harder to climb back up.

randomdata 14y ago

I am roughly the same age as this person, and as kids we were told that all we had to do was work hard in school and high incomes would come our way. And so we, generally speaking, did – well over 50% of the Canadian population have achieved an education level higher than high school, and is considered one of the most educated nations. Of course that idea is impossible. High earnings are not an absolute value, only a value greater than a typical income. If we all received high incomes, that income would just become typical, leaving a small group with an even higher income to strive towards. This person is making an average income, which is where you would expect the average person growing up in our generation to be. We cannot all be above average. It is a logical impossibility.

michaelochurch 14y ago
I am roughly the same age as this person, and as kids we were told that all we had to do was work hard in school and high incomes would come our way. Actually, my experience is that high incomes did come our way. Sort-of. The problem is that the price of everything went way up. If you include the fact that career needs now necessitate living in a high-COL area, inflation is much more than the 2% on paper.
ebiester 14y ago
Ah, but there's a problem here. I've seen it with a few of my friends. They graduated college, and couldn't find anything. They took what was available, typically call center jobs. Then, when entry level jobs came in their desired field, they were passed over because their experience was in low skilled positions. Those leaving college are given a free pass since they aren't expected to have experience. However, once you take that low skill position, it's much harder to climb back up.