Your video started out good then got bias and surface level. Your leaning to one side and and that’s wrong because your acting like young people should not be young people which makes no sense
You're a right wing shill dude, nobody wants to hear it when our generation can't afford rent with a full time job. It's literally your ideologies fault that this is happening
I went to College in the USA and in 1982 a Sociologist gave a speech on " The Decline of the West " Yes Empires decline and the evil USA empire is finished as the Roman and all of them. Nick you are lost in the windmills of your mind...
isnt wanting a better life with better oppurtunities treatment pay more fairness n escaping a goverment controlled by compainies n rich overlords what AMERICA WAS BUILT ON ISNT BEin A AMERICAN TO WANTing THAT n demanding that and standing up for what you belive is fair? wanting more freedom in your life is american we dont want to as they said n grapes of wraith and tennese ford said we own our souls to the company store
I’m a Boomer and I feel badly for young people today. Things were so much more prosperous when I was growing up. US still made a lot of things and you didn’t need college to have good-paying jobs. Young Americans today are facing major obstacles that my generation didn’t face. I wish our country could pull itself out of this funk, so that young people can look forward to a good life. I wish this could happen so very much. ❤️
@@markbeames7852 agreed. And vote. I don't care how they vote, as long as they do so. I'm a cusper or xennial and more than a few of my friends are millenials. Though at this point, as Millenials are 42 now ....
Nailed it on healthcare. I got 7 stitches in the middle of the night at a hospital. If not my face I'd have gone to a clinic when they opened. Charged 4900. Doctor charged 2400 and hospital 2500. My insurance only covered half. They have you sign a blank check and if you tell them you have a job, get ready for them to max it out. Doctors are as scummy as lawyers at hospitals.
As a European , hearing these things disgust me . Just before COVID happend i had to get knee surgery cuz of some nerves being blocked off . Think i had to pay like 70€ to the hospital WITHOUT having extra (private)Health insurance , the rest is paid by the publicly funded healthcare and social security service run by the federal government .( wich is ofc is being financed trough taxes).
The younger generation don't want to spend what little time they have on earth slaving away for barely enough to survive. There's the greatest amount of wealth inequality that we've ever had. People want to work they just want to be fairly compensated for their work. The issue is so much bigger than you're giving it credit for.
One reason that I think often gets ignored is international competition. American workers say, "I need more money per hour to live a decent life." Workers in China say, "I need rice and vegetables and to pay for my crumbling tiny apartment that doesn't even have hot water. They outbid American workers for the same work, and live a life that most Americans would never accept, because they have no choice. American workers lose that work.
Well Im 59, pretty much that is normal, youth are slaves. Only at age 30 did I see some difference but that was because of a union job. 10 years you feel like your getting somewhere, went to collage for 4 years. Then in 2008 pay was horrible everywhere and then a ray of hope in 2016 and now I earn the same with inflation as I did in 1998. Was under the impression that I would retire like my grandparents. So I have 20 more years to save as much as possible, had 2 brand new homes in past, left my 6 acer dreamhome to escape a unhappy marriage of 20 years to live in a mobile home, now homes are way way overpriced. My mobile is paid off and extremly gratefull. The lesson is, please do not depend on anyone but yourself and invest carefully and learn a skilled trade for sure. Thats my next move just in case your left without a job because you can not depend on those either! Keep striving and survieing.
@@pete1853 That's what American corporations (textiles, technology, autos, etc.) have done to us. Our good, decent blue-color jobs, etc. have been outsourced. And our government let then do it! How do we get them back?
Medical costs got me out of America. I needed high cost dental work. A few dental implants or lose my teeth. I went to several local dental implant specialists. The general prescription was a $20,000 down payment to start work that would cost about $40,000. I was horrified. I was ready to retire and I would rather pull out my own teeth with a pliers than finance another country club membership for a gd dentist. I told this to my brother who had worked with a club (like the Lyons club tho I don’t remember) and he told me of a program they ran where they would pay to send older veterans who needed dental work but had no way to pay for it so the club would pay to send these guys to Thailand, house them and pay to have the work they needed done there. I had visions of dirty little unsanitary dental offices but I went there and Boy oh Boy, they have a medical dental availabilities there that puts to shame what I could afford here. My type of dental work takes months so I stayed for months. I got to really enjoy the lifestyle I could afford to live there and I have lived in Asia since 2007. I love America but it’s not for me anymore.
Nice little twist to your story😊. I had no idea you’d end up liking Asia so much that you’d choose to live there:). Glad you got your implants without having to declare bankruptcy:)
It's easy to blame the new generation for problems created by the old. I find it shocking that we have the audacity to blame the new generation for being dishearten with capitalism when they watch their parents struggle day in and day out to make ends meet. When I was a kid, my uneducated step dad made over $40k a year, but a home that cost $250k today only cost $60k back then.
That would probably be about $28,000 a year in payments. They could pay for 15 years and still owe $250,000 and now they need a roof, ac, kitchen, bath and flooring.
Not to mention how disgustingly outdated houses are today. Not only are you paying 5x more than a house in 1980 but you’re getting a house that hasn’t been updated since 1980. It doesn’t make any fkn sense. If you were paying for a $300,000 house today but it had wood floors, current appliances, upgrades HVAC, etc, it would at least make some sense….
Groceries and gas are killing my budget personally. I'm a single mom, with a union job, and work 55 to 60 hours a week. And I'm STILL struggling to make ends meet.
@@samara4157 sadly, I’m part of the system, too. I had an argument with someone about this when covid hit. They blamed me for being in the system. I tried so hard to provide for myself and move up but life throws a curve ball at you. I want to provide for my family and live comfortably and securely. I’m not asking for a big mansion, or the latest cars and phones. I just want a home for my kids to inherit before I leave this earth.
@@samara4157 If you need some places to relocate here( Grand Rapids , Kalamazoo, Traverse City, Ann Arbor, Overland Park, Des Moines, Lincoln, Omaha, Sioux Falls, Rapid City, Iowa City, Ames. These are all cities and there very cheap with great economy’s. Just some suggestions to help you out
Honey, Look who is running this country. People with extreme socialist ideology. Biden shutting down the XL pipeline, Covid mandates, which are causing supply chain slowdowns and inflation. Everything that the Liberals touch creates the exact opposite out come. You like many are in the same situation. You need to vote these radicals out of office. Vote Conservative.
My friend's son just graduated college with a 4 year engineering degree and got his first job. The starting salary was $30k. I told him I made that much 30 years ago and that the job I did only required a high school diploma. I think college is a huge scam.
That's really low. What state was he looking to work in? My neighbor both of his sons have graduated with an engineering degree. One from UCLA and the other from SDSU. One is an electrical engineer, and the other is a mechanical engineer. They're doing quite well in Southern California. The younger son didn't work for a couple of months in the middle of the pandemic which was the only bad thing for him.
At a fast food restaurant I walked in very early in the morning, the manager had the employees in the back by the fryer, literally screaming and yelling at her employees for not doing their jobs properly. I saw this little meeting and how bad she was treating them. Finally, a young girl noticed me standing at the counter and came up to wait on me. The manager was still ranting and raving at her employees. I looked at the girl and told her the manager was totally wrong for treating them so poorly and she should not have to put up with such treatment. I was appalled and she just smiled and told me she really needed this job. But nobody should have to work under such poor management and I think it's really asking too much for anyone to be
Unfortunately Americans only have other Americans to blame for the horrendous treatment people in higher positions subject the employees to. It's like they are seeking revenge for being treated the same way they now treat their own underlings. Vicious cycle..
This is normal behavior with Women placed in the role Of “Manager”. 99.8% of female Managers have no education Or even have a degree in management . Because of This fact they become belittling
Most women do not do well as “ Managers”. They have never Played in team sports, don’t Have a degree in management Either. So they bully their Employees and pick out A scapegoat . It’s a really Sick and toxic environment . And businesses suffer a Financial loss because of This fact.
@@towaritch French too. I pay like 20 % of my income as independant contractor for public healthcare. Plus private healthcare of course. But we are said to have "free" healthcare. Yeah right.
A boomer’s perspective. When I started in manufacturing people taught me things as they saw my interest in learning. As I learned, I moved up. Now I’m at the level of those that taught me and I want to teach the next generation. I have had owners tell me not to teach. They will just cost more or go work for the competition. Just use them as they are. We have changed into a Ian Rand “The virtues of selfishness” world. Fight to maximize your own profit and let others fight for themselves. Constant fighting has replaced everyone working together for a better country. No wonder good people are checking out of the system. Who wants a never ending fight.
I am in my 40s been working since I was 14. I had to take a third job at a grocery store recently and I was shocked at how there is no way to move up within a company any more. Rather than allowing a team member to be promoted, they will hire someone from outside who knows nothing about the company. How does this encourage employees to move up? It’s ridiculous I was shocked. I remember when I used to work for tower records and I worked my way up within the company. So with this experience, I could really see how this could happen. Why should one work hard when they won’t get a chance to grow in the company?
Local grocery stores are union here in Seattle, Washington but they nonstop hire because they will only ever let you work 22 hours a week which means you won't be working enough to pay union dues or qualify for union. It's intentional. You make about $13/hr to begin in a deli position in Tacoma Washington state but only 22 hours. Grocery union hasn't done fkall for it's people in so long. It will die.
Companys dont allow people to "work their way up". Its hard to keep entry level employees since conditions are so bad. So if you enter at that that level, they aren't going to give you a way out. Management will be chosen through hiring family members or people who have management degrees, even if they are clueless. Its a caste system now.
@@treee4603 It's the agreement that the union signed with the grocery stores. Full time is probably considered starting at 22 hours. I had a friend who worked at a grocery store. He said if he wants 40 hours then it is night shift which is the stocking crew.
I think the American dream now is to be debt free and to have one vehicle paid for (that you own) so that you can live in it, till you die. Hopefully enlightening hearts and teaching skills to youth along the way
You want to know why the shit a cheap? Taxes. The government don’t give enough money to colleges, healthcare etc. Nun of us well never be debt free cause In ordered for this stuff to be cheaper you have pay for it thru taxes.
Yes. It is much better to not have a large payment and be a slave to your debt. Even tho, we are never free and never own what we work but are getting less free always with being taxed so much. What can be said
The biggest problem with housing cost is that people that can afford the 1 million dollar home will not allow home builders to build less expensive homes near them because they are worried it will bring down the value of their homes.
Untrue, deive through the midwest, or actually dont these gas prices are very high. There are half a million dollar homes, next to stuff thats lucky if it grts 80k. And thats everywhere.
In Australia this is untrue! They built all the public housing together and created a problem that years later they took it apart and sold off every second house privately and the problem went away. They had already built the public with private since the beginning and it worked but the moment they put it all together it didn't. Same as our rich beach and coastal suburbs they have more little troubled teenagers then the lower and middle class mixed together now in the inner city suburbs.
Inflation is great. Only the boomers are whining cause of their fixed income. My local Mickey D’s are paying close to $20/hour, the poor are getting paid more now. Student (or any) debt is shrinking, homeowners (63% of Americans) are on top, & you’re saying the ship is sinking? Gas prices are high but maybe don’t drive a gas guzzler cause hybrids are great. Boomers are the ones driving the old cars that gets below 15mpg. Boomers complaining about a $0.50 increase even though they’re the ones that gave us trillions in debt.
@@rd24life Those who have debt are less burdened. Millennials with an average of $35,000 in debt are relieved. Homeowners (63% of America) have equity unlike any previous generations. Gas costs more but that’s a penalty to gas guzzlers & those who daily drive an empty SUV. People who lose are those on a fixed income, get a new job McDonald’s are paying close to $20/hour now. Things may cost more but many people I know are getting 20-30% raises by moving jobs.
Nick, it doesn’t really work that way anymore, there aren’t entry-level positions in a company with a career ladder where you work your way up. Jobs that used to require a high school diploma now require a degree but the pay is the same. It’s kind of like people used to be able to work for one company for 30 years, buy stock in that company, retire and live comfortably, but Wall Street sold us out…. It took a lot of hard work and sacrifice to get to the position where we could become part of a company for 30 years and partial owners in that company, but that spread the wealth too much, it didn’t leave enough for the top shareholders so they farmed the work out to populations in other countries that they didn’t have to treat well. All of this is coming home to roost, our kids are not dumb and they’re not lazy, they want to know what they have to look forward to in this life. Can you tell them?
@@NickJohnson maybe they'll all come together, start a SPAC and call it grit-and-grind and show you what they are made of💪💪 With today's market they just need a one or two page business plan that makes absolutely no promises, that should garner them a value of about 300 billion don't you think?? Lol
As a contribution to retirement preparation, DON'T put all your retirement financial eggs in one basket! If your retirement stability depends on a single company surviving and doing well, you are on thin ice.
I’ve taken in my wife’s grandmother and father. This is just a sign of the economy. We need to be like other countries and have families start to help each other. One thing we can do in America since we can’t change medical costs,
Your the kind of person we need more of! I took in a friend of mine that had a heart attack and because she couldn't work was evicted and her adult children didn't have the resources to help her out. So I helped her out. Peace🙂
@@theboyisnotright6312 that is a wonderful thing! More people used to help others like this. So many things have changed over the years. We shall all do what we can. I’m disabled. It was not an easy task lifting grandma with tics I get (kinda like Tourette’s & Parkinson’s) plus my back injury, but I was happy to step up to the plate to help. Good of you to help!
One thing I'm annoyed by with housing is how incredibly ugly and cheap houses are now. You have no yard. All the houses look alike. And the worst thing is how cheap it is. What happen to a good old brick or stoen house. Imagine how bad these wood frame houses will age. It's not a good longterm home at all. The quality isn't there.
Omg, yes.... I live in small city of 55k & all these houses are ugly, old, repetitive, & overpriced that needs lot's of tlc for starter house at 90k-140k. Got to love when people could just go shopping for a house in a store catalog back in the day. /yuck. I would feel ripped off if I ever bought a house and the whole block is cookie cutter with slightly different finishes. Even in newly built cul-de-sacs suburbs where houses are 200-400k are all cookie cutter with different finishes, because it saves the constructions companies lots of money. There's some really nicely crafted old brick & stone houses that were built on the North Side of Milwaukee, but it's ghetto as shit up there.
@@b4rs629 originally from Milwaukee and my parents still there and boy has real estate sky rocketed there....burbs are too expensive! Starter homes are old and need TLC/heavy remodeling. Northside yes can be ghetto .. the best areas are ones that are like close to wauwatosa but still in Milwaukee (nice areas, close to burbs, but cheaper property taxes)
The whole concept of having a yard is economically inefficient, I would never buy a home with a big yard. The community I live in has houses that are close together with several community greenspaces that is a much better land use IMO.
I actually love the young generation. They’re not afraid to stand up for themselves. Older generation just went with the flow and was afraid to go against the grain. Do what makes you happy.
well if there's high inflation, debt isnt the worst thing in the world. especially if it's locked in at a low interest rate. your debts become smaller with inflation, and that stack of cash is worth even less. not saying you should get yourself into insane debt (especially credit cards and other high-interest loans), but low interest rates mean its not the worst time to get a loan
@Duane Young Keep supporting illegal immigrants who make the wealthy richer and are happy to live off American welfare crumbs cause it's still way better than where they hail from. They make it impossible for Americans to earn a living wage.
I don’t blame anyone for not wanting to work these days. It’s been a downward spiral for decades. It’s not a worker problem it’s a pay problem. Nick, you seem to be fixated on what these kids are doing wrong, what about all the adults that have been in power far longer than they have even been alive that created this mess?
When he speaks of young people's sense of entitlement, I agree. It's a serious problem. If you don't have experience and skills, you have to work low skill jobs, and you're not going to have autonomy or influence in your job. That's reality. You have to probably live with less amenities and luxuries. You probably have to live in less than ideal places. It's not complicated.
He has some good points but kind of a bitter negative delivery energy...as a 50plus I see it from several different angles - some are certain behavioral issues but a lot of really bad systemic failures impacting outcomes
It's not a pay problem, it's an inflation problem. Our government needs to stop printing money so people's wages can go farther. If businesses pay their workers more, they will have to charge more for their products.
@@serenityhomemaking Now it’s an inflation problem as well. Wages have been stagnant or declining for about fifty years. POS cost increase over increasing wages is a flat out lie as well. These companies are currently making money hand over fist, they have been making money hand over fist for a long time. The money is there and it’s always been there. They know that all they have to do to turn the public off to them paying more is start grumbling about price increases. It is a big fat lie.
@@microbios8586 We are not entitled for asking for the same safety nets as our grandparents. And let's be clear, Boomers are NOT skilled. They are the least skilled, so by your definition they do not deserve the wealth they were able to obtain with no skill jobs at a cereal factory right?
Right, the CEO's are making 20 million a year, more than any time in history, but you blame poor workers for quitting their low paying jobs. Nick, it seems like your blame is misplaced.
Low paying jobs try Canda different story up there. Honestly I’ll never know why ppl just don’t move to the Midwest and continuing to vote for the same party to raise taxes for productivity over wealth.
@@brandons2825 Untrue. If we limited corporate CEO pay to 8 times the pay of the average worker, instead of the 300 times that we pay now, we could pay workers more.
You are correct. In 2021 (during Covid-`19) the average top CEOs got around a 3 million dollar raise. The middle-class peasants got the crumbs. Buckle up we are going back to the Gilded Age. All while your elected officials in Washington D.C do nothing. You see they are cashing in too. They don't represent you. You have zero representation. The answer to K-street Lobby and wealthy donors regardless of Party. Still waving your flags??
Younger generations don't want to work shitty jobs for so little money, they can't even cover rent. How shocking! It's almost as if they grew up seeing the life their parents got to live, and then for some reason are disheartened to find out they'll never get that life
I don’t think you’ve meet a lot of college adults because this whole “we are lazy” is nothing but a myth. When I was in college 3 years ago and I was an RA, my residents often did school, one or two jobs and had other shit going on. Let’s stop this “kids now-a-days” myth. Most the people in my age group (25) work very hard with little gain
This guy clearly bought faux news propaganda, people are living in their cars and he wants to tell them " move to the ghetto" . Im shocked we haven't solved the economic issues with his simple views.
the whole lazy work ethic excuse is nothing but the system and their gatekeepers finding ways to neglect responsibility for a broke system that benefits only a few.
I live in Colorado around the Aspen area and I have to say that the home prices and rentals have increased immensely! You're lucky if you can find a single family home for $400,000. On average homes are costing $600,000+ and honestly some are shitty as hell. A studio apartment is going for $1200+. There are so many people here that there's more homelessness, people living in their cars, living with roommates or living with their parents. The working class are working so damn much for so little. The pay is not matching up with the inflation. Its sad. No lie I have friends making $22+ hourly and THAT is still NOT enough at all here. Its sad.
I make about that much, 20 or so an hr. In Seattle, and costs are so bad I literally want to buy a car just to live in it. My plan was to pay cash for a used one but while i was saving up, 2020 happened and friggin 1997 Rav 4's and cars like it are going for nearly ten thousand where I'm at. Crazy. And to the ones saying that we should just suck it up buttercup and move out of these "fun" places, they don't know people's situations nor do they care to honestly. My job is based here, I can't do it anywhere else, outside of our other bases which are literally *all* in the most expensive cities in America. NYC, SFO, LA, BOS, SEA, MIA etc. No matter which base I chose, I'd be struggling to keep my head above water. This is a systemic issue, not an individual one. Some of us took the route conservatives all talk about, finding a trade, avoiding debt (especially college debt)....and yet here we are.
The problem with your comment is the lack of perspective about how good those people have it. A hundred years ago families lived with multiple generations in a small house or apartment. They had no TV, phone and internet. People died from simple infected cuts. No antibiotics. If someone needs to get roommates to have a roof then that's even better than when people would share a bed at an inn. Farm work was HARD. Factory work was dirty and dangerous and HARD. We complain that the A/C isn't at the right temperature at our jobs.
@@chenanigans get a job at the Fred Meyer distribution center in Puyallup..... Within 2 years you'll make $35 an hour plus full benefits and more overtime than you can handle. Made $85k last year and could've made more if wanted to work the hours.... I'm a highschool dropout. $1500 hire on bonus going on too...
It's not just liberal states that are expensive. I live in a conservative state and the home prices are starting to rival that of Hawaii. It's insane!!!
Hey Nick! It’s not just young people who are crying about wages being starvation wages! Plenty of us adults are crying about starvation wages also. If the minimum wage had kept up with inflation since 1933, it would be $33 an hour today and we will be working a 35 hour week because of efficiencies. It has been stagnant since 1979 and the rich have funneled all of the benefits to themselves while the rest of us become more and more poor. Stop dismissing the very valid observations By lived experience of young Americans. They are correct. Your divisive dismissal of their reality is unfair and unkind
I was wondering what the rate would have been per hour had they increased wages the way they were supposed too!! Jobs are literally paying the SAME amount for the past decade!!! This is insanity! I don’t blame this anti-work movement, their perspective of things are more than accurate and true.
Typical Communist. As an adult you had the time to acquire skills for higher paying jobs! Minimum wage is a fallacy and bad metric for measuring progress.
@@rockon8174 Can I ask you a question? Let’s say every single Adult in the US acquired the necessary skills to obtain a higher paying job, and our youth all goes to college and once graduates, looks for entry level career positions, who then would be the workers of these jobs that are choosing to underpay people livable wages? See how that just doesn’t work? I lived in Egypt for almost 3 years most recently and the entire country is englufed in poverty because of this mindset, there are no regulations as to how much filthy rich corporations can pay their workers and it’s literally modern day slavery there. Employees there earn $300 per month for a 60-70 hour work week. Creating no opportunity for them to ever buy a home, and provide for their families in their 20’s. The fact is that, not everyone is going to go to college, not everyone is going to have high job paying skills, this does not mean that they should be paid such a pathetic wage that is not nearly livable on in our society today. The aspects of work and pay are very similar between here and a third world country.
what prevents you from organizing a revolution and overthrowing the power of the rich? As the Russians arranged in 1917. And after the victory of the revolution, build Gulag camps and send all the former rich to work there - so that with their labor they would forge the well-being of those who won the revolution !!!
Can’t even blame people for wanting to do van life anymore, I’d love to travel and work seasonal jobs and not have mortgage or pay rent such a joke now might as well travel and actually live…
Van life went from stigma to trending within two years. I was planning on buying a van once my lease is up, but van prices has shot up. It's hard to find a clean non-work van.
@@b4rs629 yes it really it, even getting pick up truck with shell or I’ve seen bigger suvs like a 4runner is perfect for traveling in but all expensive now. And gas. People will be living out of a Prius soon
I love how willing older generations are to throw the younger generations under the bus for all the issues. None of us are running this country, controlling the policies or anything like that. That is the older generation. We were just born into this mess that ya'll created and now we're trying to make our way out.
And the best part is, they lived through the post-war golden age and had every possible opportunity to succeed. Then, they complain they can't retire. Why is that?
the same people that made it back then are the same people that would make it now. Todays generation spend most of its time complaining about the same conditions that older generations dealt with. Keep looking backwards, the economy takes no prisoners.
Only a few can climb the corporate ladder, because not everyone can be the manager. Schools should be more focused on teaching kids to be entrepreneurial how to start and run a business rather than to work for others.
Yes I am 70 the us is all about or for a kind of money culture I am now going to search for Willie Nelson's old fishing videos and forget the problems we have created go jug fishing
Why "living with your parents" is such a stigma in America? I know, there comes a time when you must leave the nest, but if you help with the bills and the needs of the house then what's the problem? Now, if you are just lazy and don't want to work, sure, then you are the problem
Propaganda, the system wants you out spending as much as possible as early as possible. Smart people would say F to that and save tons of money. My gf is 25 still lives at home. Having 5 years of savings allowed her to pay a down payment for a condo. I wonder how many 25 year old could say that
This is one of the few things people in the comment section are right about. I agree, people should stick close to their tight knit family members if they have them and work and save as much as they can. Moving the family into one house and splitting costs is a fantastic way to weather the economic storm and come out on top.
So true, my husband's two nephews have education and work full time and still live with my SIL, who's no longer married, because if they didn't none of them would make it financially. They wouldn't be able to rent and pay a car payment with their student loans and on one income, she'd lose the house. It works for them, people shouldn't judge.
A lot of young people have seen somebody work for 50 years and still be poor even if that person did everything right why would they want to go to that
I think during the pandemic, people found out the companies they held out for didn't have their backs when the shit hit the fan. Today our biggest employers are Walmart and Amazon, many of them don't increase pay over the years or have opportunity for upward mobility, they'll hire outside for management etc. Its not work your way up environment anymore. We are now a service industry country, even if everyone could afford college and have tome after 3jobs, there aren't enough professional jobs available.
My Daughter will be going to Ecuador with her Husband to look at Homes . The US Housing Market has gone completely insane . I truly feel for 1st Time Buyers . Their American Dream is all but Dead .
@@chuckg6039 Please stay in the US, the last thing South and Central Americans need is an influx of wealthy (by their standards) immigrants driving up their home prices.
Wow... I feel lucky now. I was just about to move to US. But I guess things aren't looking very good there. I can't believe this! Is this the great US? God's fav country? How did y'all get here?
@@deasvail99 I really hope America becomes as great as it once was. I loved the America from 80s to 2000s. I wish it comes back. Lots of well wishes from Netherlands🇳🇱
The whole "kids are lazy and spoiled" meme is old and short sighted. It's just a poor excuse for not finding out the real reasons for our collapsing society.
I know lots of people who have been grinding away trying to "climb the ladder" and never get anywhere no matter how much they work for it. But those higher promotions go to "friends of friends" to the higher ups usually. I think a lot of people are burned out and jaded and feel hopeless.
The reason it looks like they never get anywhere is because we try to identify where somewhere is in our mind, which looks like nowhere compared to what we think is important.
@@CelineNoyce that's not corruption, that's normal business practice, the level of corruption you speak of, happens in politics and top level executive
@@homelessmillionaire1 No, we have all been lead to believe if you work hard you will get a promotion. If that is not going to be the convention, why should anyone work hard?
The system is working perfectly. The huge, permanent tax cut for the wealthy gave them the ability to buy housing and raise rents, and the infusion of all that money is inflating house pricing.
@Vikas - to a much smaller extent than than the factor I cited. When the Banksters were bailed out in 09, instead, the homeowners should have got the $, they pay their mortgages, the Banksters still get the money, the people keep their homes. But no, all that loot went to the "too big to fail" Banksters, and they literally made out like bandits, while millions lost their homes. Yes, consumers were partly to blame, but shady mortgage brokers were requiring ZERO proof of income. Sure, consumers were dumb, but aren't the Banksters supposed to be the wise ones? Why were THEY so loose? GREED. I remember a couple of my neighbors taking that easy money, buying Escalades, becoming house flippers. They chided me for sitting tight. When it all crumbled, they lost everything, and the elites won - again. In Iceland, they actually jailed a couple of the crooked Banksters. But that's a tiny country of Vikings, not a huge Republic of Dunces like us. The worst part is, is if everyone in America was as cautious with money as me, the economy would collapse. What a conundrum, huh?
I thunk there may be a generational thing going on as well. A common practice years and years ago, once the children grew up and moved out, parents would sell and downsize. Thus creating new, affordable construction and opening up single family homes on the market. Then when housing values started inflating, many of the Baby Boomer generation saw an opportunity to treat their home like a poker hand. Hold it and see how much value can be squeezed out of it. Stagnating the market for volume and creating scarcity. But what was gained in the end? The federal government had a nice hold on your property and money when you end up in a nursing home or assisted living facility. It all goes to the Healthcare provider or government, and legally, its become damn near impossible to hold onto any hereditary property or money due to loopholes being closed.
@@andylane3739 My next door neighbors lost out too. They had just bought a new home, barely lived in it a few months. Then the collapse of 2008. The problem....they got a variable rate mortgage loan instead of a fixed rate. Their monthly house payment TRIPLED. They couldn't afford it of course, so had to move out, and the house went into foreclosure.
your problem is that you are used to working only for hire for a salary. In America, those who work for hire for a bourgeois capitalist are forced to forge wealth for a beggarly wage. But you can become a bourgeois yourself and work for yourself! Then you can live with dignity! What's stopping you from working for yourself and becoming rich???
I'm gen Z, born in 98 and I understand why my gen doesn't want to work. I'm currently working, but most my friends don't. Why work 40 or 50hrs a week, just to get by with no savings, no benefits, no ability to buy a home or even a reliable cars. My gen feels they would rather keep there monthly expenses low and work to a minimum. This allows for more time with family, more time for your interest and hobbies. My friends all seem happier now then they ever were working. They have free benefits, and get to spend most of there time doing whatever they want to do. Agree or disagree unless the reasons listed above don't change I wouldn't plan for the labor shortage to end anytime soon
That’s good for all of us who want to work. We’ll take that OT and get ahead while you sit home. I’ve got multiple homes, cars, and get great vacations.
@@Golfing422 Just because you work overtime doesn’t guarantee you’re gonna get by. With expenses going up every day, you’re gonna work yourself to death to keep up with a life you cannot control.
@@baileyf1998 I guess they are owning nothing and being happy like Klaus Schwab says. I don’t think I could live an existence of being broke all the time, but able to spend each day on the couch. At some point, it would get boring, not to mention the catastrophic consequences of being cut off by the government and having no savings or assets to live off.
I make $24 an hour in Dallas. I don’t know where I’m going to live next year. The rent is too damn high. It really crushed me when I went from a retail wage to salary everything went up. It felt like the rug was pulled on me. It hurts. I worked hard. Now with inflation I am destined to stay in shitty one bedrooms.
I disagree that work ethic is the issue for this generation. They just want to find a fair paying job for the amount they paid. I am going into a pipe fitters union and after year 5, I will be making 39.50 and hour and the training is paid for by the employer. I think what we need is tech apprenticeships with certifications instead of degrees. Instead of paying 80k for a degree, you join the tech union at 50% of the ending salary, say $19.50 and hour, and you do a blend of taking coursework for your related work, while actually working for the industry. If I wanted to go into data science, working at unionized companies doing basic data entry on year 1, then data analyis on year 2, etc. The companies need more talent and the people need a way to get a high paying job without being in debt for decades. WIn-win.
I'm Australian and I'm a qualified tradesperson. I left high school at age 16 and started my apprenticeship. When I became qualified I earned good money. Then my trade became computerised, I was made redundant twice but was able to find a low paid job that I enjoy still to this day. Australia is more expensive to live in than the USA. I agree with Joe, more tradespeople are needed but are those jobs still available? When you buy something that's made in China, you're supporting a way of life that you probably wouldn't aspire to.
Over the past 50 years, workplaces and shops have moved from being locally run enterprises where the bosses and owners were part of the fabric of the community to being faceless corporate giants who see you as a number on an excel spreadsheet. The dehumanization required to be part of the workforce is soul crushing and hard to take at a certain point. You used to have life employment at a company, now you know they don't care about you, so why should you care about them or their jobs.
I think main issue I had with this video is the homeless talk. I know good decent people like teachers who didn't have addictions or drug issues or things and still ended up homeless due to their jobs not paying enough to save up much or medical bills or other things. Other people from other professions also who became homeless without drugs or addiction or mental health issues.
To be fair he does point this out in many of his great videos. But it is simply a majority are there by choice. I see it first hand in the Portland oregon area
@@stephenfloyd3522 if the homeless are not drug addicts, then you need to help them - give them drugs so that they become addicted, so that they correspond to the stereotype by 100% that if homeless means a drug addict
@@Jestfoster do you know many homeless? I deal with the issue in the Portland metro area and I can tell you that maybe a 1/3 of the people are there for some sort of financial hardship, most are there by choice and or dealing with some sort of addiction or mental health issue. This is just the facts.
I've been working as hard as I can for years. They said, get a skill, so I did. I'm 44 with a small family and I just can't get ahead. Rent/bills take up most of my income. Would love to own a house and/or retire, but it's looking like that's just a dream now.
I was born and raised in The US 🇺🇸. I left when I was 23 and returned to The US when I was 37. Lived in Jersey for almost 2 years and just couldn't take working crazy hard for a minimum wage job or driving a taxi 🚖 and only getting 35% of the daily fares as I was driving for a cab company. Looked for jobs almost every day in New York and New Jersey and went to a few interviews I was called into but no dice I even got a CDL Class with all the endorsements and couldn't land a job. I had to work two jobs 6 or 7 days a week just to make ends meet and save a wee bit. I left in 2012 for good and returned to Colombia 🇨🇴 where I've had a pretty good life on my wages as an English language teacher for 23 years. Ain't ever going back to The US and I love the country that gave me so much.
@@terranceknows This was back in 2010 and 2011 during the recession. Since then I moved back to Colombia 🇨🇴 which has been my home for a total of 23 years and have had a better life overall here. That's just me.
your problem is that you are used to working only for hire for a salary. In America, whoever works for a bourgeois capitalist is forced to forge his wealth for a beggarly wage. But you can become a bourgeois yourself and work for yourself! Then you can live with dignity!
My husband has worked over 24 years at the same company- Pepsi Started at the bottom Still at the bottom Hasn’t had a raise since 2009 They call it tapped out Which means any position has a top hour pay Once a worker reaches that The billion dollar company Can shit on their workers He has applied several times for higher positions They never call him in for a interview Instead a friend of the boss gets it Funny thing though They all quit the company in a year or so after They got the promotion They take the knowledge they got and go to another company
I worked for Pepsi for 5 years back in the 90s. I loved my co workers but hated the company. I was treated pretty crappy and so instead of complaining for the next 20 years, I quit. I decided that after that experience, I wanted to work for myself. I decided to get a job in the construction trades and I bounced around a bit learning all I could about everything. Within 3 years I got a contractors license and started building houses. Today, I still build houses and remodel very successfully. So my advice to the younger folks out there today is that if you want respect, start your own business. Like the economic ninja says.
Exactly!! 💯 Just because young people want respect doesn't mean they're gonna get it. You cannot demand respect. You gotta go out there and work for it, such as starting your own business then you can work how/when you like.
@@terriesmith2616 Younger people seem to think that they are entitled to respect and they arent getting it because of capitalism. So there answer is to get it from the government I guess but I find that laughable. Respect is never given it has to be earned no matter what. Nothing can change that.
I think even Nick would be happy if voices with different political opinions than him made similar videos out there, I wish. it'd be more balanced that way, people on the left are very tense atm in America.
@@thhanh1003 I grew up, with a very hippy aunt and a conservative grandfather. Now, they didn't always agree on everything, but they did sit down and have constructive arguments. That's what has been lost in America. There is no path forward, until via discussion and planning, a path forward can be plotted. You're never going to get that, so long as corporate America's money continues to control congress, and public opinion.
A big reason why it's become so hard to make it into the US is the extreme financialization of both commercial and home real estate. It's designed to keep home prices and rents as high as possible. Today, even when you have "useful" academic credentials and marketable job skills, it's become very tough to make enough to keep your head above water in many cities, and if you DON'T have a college or trade school degree or good job skills, then, you're REALLY screwed. Wages and salaries aren't able to keep up with how rapidly housing prices keep going up. It doesn't matter how well you manage your money, more and more people aren't able to make a living today. Today, we're seeing more and more hyper-educated, hyper-skilled, hyper-experienced people who are barely getting by, and if you AREN'T any of these things, then, you're REALLY up the creek. And this is when you're a straight, white male with no substance abuse or mental health issues. If you're anything other than that, then, the deck is REALLY stacked against you. We've been seeing a profound concentration of wealth into the hands of fewer and fewer people and some people have a strong vested interest in keeping it that way. It doesn't matter what their political persuasion is. They'll raise an army of 100 million demons on earth before they see any of this changed. The truth is more and more Americans have been finding better opportunities for growth outside the US than within. This is how bad things have gotten here.
Yes I see this too. Working class wage slaves are being Taken advantage by the Elites of the companies The wage slaves work for. America is unaffordable For working class. Plus Health care for women and Children is dangerous. Living In USA is dangerous place For women and children.
Also working your way up at companies DOES NOT EXIST in todays America. I’m on my third job in three years cause one company laid me off, another said I did great work but they didn’t want to extend my contract and now I’m at my third. Hoping this one doesn’t fail
last i checked, boomers were out buying RV's , fueling up at $150.00 a gas tank, to journey off to spend on those credit cards, the gen now wants to push a button on the screen with there credit card in hand, i hear the door bell, my neighbors geting hand delivered food from uber, 5th month in a row nightly. america spent a lot !!!! were very spoiled here, no wonder the borders are packed !!!!!
Taxes are killing me. I got a sizeable bonus from my job and had to pay almost 1/4 of it in taxes. It doesn’t pay to work hard to try and get ahead. I hate it!
They taxe you yet they still make you pay (or just never use money) for health road or education They prefer to use these billions to send your military in other country to get cheaper oil or food
Welcome to america, its a game and you fools have been tricked you are a slave. because you dont work you will starve and go homeless how is that not slavery ?
You cannot say young people are lazy and need to skip college. Lots of high paying jobs in tech and medicine do REQUIRE at a minimum a bachelors degree to even get an opportunity for an internship so you can eventually “work your way up”. It’s a lot smarter for kids to just start a social media business (which requires being on your phone) if they want to forgo a college degree. But don’t call them lazy.
"Start at the bottom" is fine if there is something above the bottom. If you move from one job to the next and your skills don't transfer and you're still at the bottom, there is only the bottom. Imagine being a kid in school and you are in the fourth grade and you transfer schools and have to start in Kindergarten again. That's what many people face in the job world. These kids who don't want to work, yeah perhaps they are lazy, but many of them aren't suckers. They don't want to play the rigged game. If there were clear steady moves up, we wouldn't be seeing this kind of pushback.
@@bigvalley4987 Sure, it is a "pick your poison" kind of dilemma. I think that's why we need to find a way to build a game that isn't rigged. Why do we want so many people picking their poison when they could be contributing something, and building their lives up into something meaningful. That's good for them, and everyone else. Imagine all the talent and hard work that is sitting on a couch right now doing nothing. I'm less angry at the idea that people are "lazy" and more angry that millions of people aren't hitting anything close to their potential.
How can everybody steadily move to the top though? Everybody can't be at the top, or even the middle in management because there's only a few jobs needed per company at that level. Also, the more you move up, the more that's demanded of you, and the more likely you are to lose your job if you don't exceed expectations. It's not a fairy tale being in a high position for a lot of people. Sometimes you have a lot more job security and freedom being a little lower on the totem pole so to speak. But that being said, I really do not know the answer about how a person is supposed to afford these crazy rents and home prices. I do sympathize in that area. I'm lucky...very lucky...in that I live in a rural area and bought a cute little fixer upper house and I've put cash into it over about a 6 year period and I have a crazy low house payment.
@@lynnsmith4 Everyone won't move to the top. Some will. Some don't want to, and that's okay. The issue is that the ones who want to have some forward momentum aren't getting it. How many people in any given company get fired, quit, retire, die, etc, every year? If people move up to fill those positions, others can move up to fill those, and so on, all the way down to new hires at the bottom.
@@cbalan777 There's no reason why a company wouldn't move someone up unless they've saw traits or qualities in that person that wouldn't work in the next position. Attitude is a whole lot more than a lot of people realize.....especially as you move up the ladder because you have a whole lot of people wanting those jobs. So who are you going to chose to have to deal with in meetings, an entitled brat who all about what's in it for me or someone with a good attitude that is more about what they can do for the company.
My apartment in a Minneapolis suburb was just sold and has a new management company they are raising the rent $500 on the one bedrooms raising pet rent and garage as well this type of stuff is happening all over the country it’s insane. I’m not really sure how people are supposed to get ahead
May I suggest something? Can you get on Amazon mturk? You can make some money of the to buy food and you can look into bike trailers if homeless homeless and not just living in a cat
@@salometipsandtricks2786 Meow? A bike trailer? Implying I should be able to ride a bike, as in motorcycle or bicycle? You’re kidding, right? I have trouble walking and standing. I couldn’t get on a bike of either kind.
I lived in NJ my whole life , I escaped high taxes and over crowding , I moved down south , my property taxes are 300 a year , I bought a 3 bedroom ranch on 2 acres for 116000 dollars
What happens now has occured throughout history. The main thing to remember is that you are the biggest influencer of your own destiny. Can't make it where you are? Move to where you can. I left New York in 1981 because working 60 hours a week barely got us by. I found a much better situation in Orlando, FL. Bottom line. If you can't make it where you are, find a place where you can and go there.
A lot the problems in America stem from how we build our cities. American style suburbs are not sustainable. The sprawl causes the cities to become massively insolvent and the people to become car dependent which is extremely expensive for the poorest Americans. The reason urban living is so expensive is because of the lack of high and medium density housing in the country. If we can start improving the way we design cities and build first world transit systems like every other developed country, there will be a lot of improvements.
A lot of people don’t want to spend their lives in crowded, high-crime, high-stress cities. We don’t owe it to the cities to stay in them and give them our tax dollars.
@@aequoria2949 why high crime? Why is the culture of this country so consumed by crime? Why is it that in other nations of the world that have around a similar quality of life comparable to that of the United States do you see less crimes even though people tend to live in smaller spaces and in much more crowded urban centers?
The irony is that our problem can be easily fixed. Lower immigration, loosen zoning laws (allow for higher density), and tax investors. Slowly there's too many homes, and thus lower home prices.
The same here in Australia. Housing is viewed as a financial asset, not a home. Prices are massively inflated across the capital cities. We have no low cost/ public housing programmes.
@@Ben-jq5oo I grew up in Sydney and moved to Townsville where the cost of living used to be cheaper. I moved to Canada 6 years ago and while rent is cheaper now I wonder how it will be in the future. Food is also going up allot here too.
And yet you'll be called selfish and a sissy for not having kids in these times, and then be told how much our ancestors had it harder living in the harsher medieval ages, and then the plague, and yet still pumping kids in those times only to have them die horrible deaths. The fact of the matter is, kids have no say when, and where they would be born in, but life is never fair, right? So therefore, it's justified to bore kids into this world only to make them suffer with you.
@ Michael-ud4wr-I totally understand your viewpoint on having children in this current lackluster economy and society!!-and I am a mother of 5, and grandmother of 6!-as much as I love children, if I was a young woman now, in 2023, I would consider very carefully about having kids in this insane & very expensive environment!!-**
Well, given that a small apartment in the midwest outside of a literal ghetto would cost about the entire after-tax salary of someone making $14.50/hr full time, I don't think it's unreasonable to call it a paltry wage. Blaming the poor is a time honored tradition of those with more, but it's not really the source of our problems.
Min. Wage is supposed to be enough for one person to support themselves and a family. Now you have to have two people working and still can't afford rent.
@@rogersmith7396 I think as Americans we need to adapt to other cultural norms. I keep telling my family we should pool our resources into buying a home together so we can all save while working, but talk is cheap & no one wants to listen common sense.
@@blucantrell2 Pretty much. As Americans the whole get out of the house by 18-22 mentality isn't helping. The whole stigma attached to moving back home needs to end.
The guest around the 20:00 mark is correct however as someone who went through engineering school I can confirm if you are full time in that type of program it IS a full time job, your brain is fried and you cannot work a job that pays a living wage and do harder college courses. What pushes people to do this is they can't make living wages in lower paying positions, but now no one can afford anything. It used to be if you were at least an assistant manager level in retail or service industry you could afford an apartment and have a little in savings. That's no longer true in many areas. I have two STEM degrees and rent and even with no debt I would struggle to buy a home in this economy. The competition for well paying jobs is very fierce in this economy. The reason people choose to do college full time is because of all the extra fee colleges tack on per semester, it's cheaper sometimes to do it full time vs part time.
I think he’s pointing out some real and important issues, but he’s clueless. I’m his age, have an engineering degree and about to finish my masters, struggling, but mostly because I’m juggling too many things at once and because I haven’t been able to move out of California. From what I’ve seen there are jobs, PLENTY. I get at least five job offers per week. My company actually has a chronic problem of filling their positions and it pays really well. People with six figure salaries choose to leave. They even lowered their standards for hiring. I can already guess some of the background of this fella, but kudos to Nick Johnson for having a nice conversation with him.
@@rd24life Tell that to all the old homeless people living on the streets. In 2017, 40% of homeless were elderly. It's much higher today. There are many homeless vets who were forced to fight the war in Vietnam. Their lives were ruined in more ways than some whiny millennials who think life is a fairy tale.
People are sick of being treated like crap at work. Also add to the fact that poor pay even raises don't outweigh this inflation. Why should anyone want to work? It's not just the younger generation too. "boomers" are being thrown out on their ears because of outrageous housing and they still work!!!! . Unless these greedy corporations will loosen their pocketbooks and be more inclusive of their workers they'll lose in the end. I am in favor of strengthening unions to reform these companies. And small businesses will not survive anywhere because of all the big box stores.
I graduated UTI in 2004. My first mechanic job out of school paid $8.00 per hour. Fast forward nearly 20 years and I now own a motorcycle restoration shop which is in demand, where I make $120.00 per hour. Kids need to learn, you don’t know $hit coming out of school so swallow your pride and learn from those whom came before you. Once you master a trade, you can write your own ticket.
I get SSDI, my 73 y/o husband gets a state retirement plus Social security retirement, plus can’t fullly retire. He works 20 hours a week. Now we have one vehicle with a car payment, and a house payment. We have a small savings account $5000 or less. We are lucky to be able to live and pay our bills. We rarely eat out. This is sad.
That's the kind of savings I keep in my bank account as a high school and some college educated 28 year old on minimum wage... So yeah that's pretty lousy and terrible treatment of our seniors.
@@deeandrews7051 Yeah, if you're not employed anymore just buy a good used car in cash. I bought a 2011 Jetta for 10k a while back. Runs good, looks good, doesn't cost monthly. Had a few issues to fix cause of its age but none were vital. One window didn't roll down and had to replace the seat heaters. Everything else? Perfect. I'm only 28 so it's nice to outright own the car.
Jamie, you should have saved, invested and managed your money better. Unfortunately it is nobodies fault but yours that you are in this position. That is the truth, but I still wish you and your husband well.
I don't care to work anymore. I use to over work myself and still came up short I ran another man's business without his help and when I realized that I quit. America is this way so I don't care to work in America. I fully intend to sell my home , stop buying cars from Americans . I don't want to eat all the chemicals in the food from the Americans anyway. I'm leaving this country without a doubt. I'm not going to school or college here because I don't plan on spending my time here , why set up , this place sucks.
All part of the democratic😈 (dc) new world 🌎 disorder ideology syndrome conspiracy theory. To bankrupt & socially ruin the U.S. stability. Good luck relocating else where. Canada isn't very far away.
I remember growing up in the 80’s with the high interest thinking that I never will be able to buy a house, but I did, paid it off and bought another. The biggest issue is the Elimination of the middle class. We have too many overpaid managers, and too many entry level low paying jobs. Many mid~level jobs are exported to foreign countries so upper managers can make even more money. Plus we need developers to create more reasonably priced housing and not going for the higher priced markets. I have a friend with two adult children at home, yet both make enough to move out. I also know a couple of people approaching retirement age that never moved out and still live with their parents and they make enough to move out.
I agree, most managers & supervisors are glorified babysitters with no skillset other than to bust the balls low level workers. I'm pretty sure any low level employee who actually knows the ins & out of a company could run it better than some degree dipshit who has no care for the people they manage. Honestly, the whole moving out of a parents house stigma will be eliminated soon &become the norm due the economy. This whole western culture of Get out my house @18-22 & be independent in an economy like this to me is retarded & isn't sustainable.
My 28 y/o son made $185K last year at the shipyard. They only pre-qualified him for $285K with his veteran benefits. I saw nothing decent for him less than $450K in Hampton. So he's still renting. I only make $80K as a trucker, not enough to qualify for a decent house here in Atlanta that's quickly approaching $400K. Thankfully I'm remarried and my husband's mortgage is paid off cuz I may have been living with my mother too.
@@kfrancis1872 i get just under $ 11,000 per year with medicaid A and B $ 500. deductible per year and pay over $100. for two inhalers a month. I am a burden to family and friends and i know i can't afford to do much of any thing , so i get children staying at home your making up middle class your kids at home are making your lives better than you know as long as they are helping carry the load. If you did the math i get $ 9300. rent, lights, gas, water,food, phone and car insur. i guess all i am saying is quality of life matters also .
@@darleneclarke4001 The true reality of the times nowadays. My 27 y/o just got his MBA in finance and has been living with my mother through grad school. Wasn't his initial plan...but that's the only was he could get his Master's degree
I don't know if it is a conspiracy. But the US education system had been dumbing down kids. Now, they are walking adults who can't think for themselves. There is a theory that the politicians do that for control. It is working, regardless.
@@MichaelGiordano777 ...if you don't see how things are degrading fast around you, then there is no hope convincing. Just blame the GOP for everything.
ive been trying to start a business for 2 years now, without a whole lot of help. so far, i have absolutely nothing to show for it. 'taking control' if your destiny only works in the world of fiction.
Unless you know people who can navigate all the bureaucratic nonsense, yes it is a futile venture. Can't tell you how many storefronts I've seen come and go in my small town. Something like 50 percent of small businesses fail within 3 years and 80 percent within 5 years. Newest storefront I've seen pop up is a "metal art" store(not sculptures or anything original, mostly etching and engraving). I give it 2 years. Seen 5 different businesses at that location in about 12 years.
You have two years of failure to show for it which is two more years than me. Good for you. Nobody really wants control. What we really want is wholeness. We want to matter.
There’s a reason why it’s called an American dream! Because you’ll always be dreaming about it and likely never achieve it fully!! At least until your body is too old and broken down to do much with it!!
I talked about this with my good friend a few months ago. He's in construction business. He says these days "everyone" wants to be a journalist, computer nerd, or a TV star. Meanwhile businesses like his can't find enough qualified plumbers, electricians, framers, roofers, welders and so on. A well experienced welder can make $180k per year, but not many people these days want to do manual labor anymore.
You spent these kids into 30 trillion in federal gov debt , half their incomes going to taxes to pay for Your good time you had . You've left them toxic islands of plastic trash twice the size of Texas to clean up and debt and You're an adult , attacking children . And you're BRAGGING I hope they turn on you. Eat the rich .
@@subtropicalpermaculture "Eat the rich?" You will NEVER be one of "the rich." Why? Because you spend all your energy on hating successful RICH people. I can feel your vile hatred seeping through your hateful comments. Your channel is empty. You are just a communist troll.
@@midcenturymodern9330 so funny ..I own my home on the beach free and clear so whatever..bezos is making 40 million dollars a minute off American workers he's paying $5 an hour after taxes you silly debt slave you think you're rich ? You will never be Lmfao
I love this dude's honesty! Its a breath of fresh air to put away all the nationalistic and political bs to the side and look at things the way they really are.
It's way worse in Canada. Houses in the Greater Vancouver and Toronto area are all over $1 Million CAD. And it's not much cheaper in smaller cities like Calgary or Winnipeg, where houses are $600-700K CAD. Plus, our wages are much lower on average compared to the US. At least Americans have way more job opportunities that pay well and more livable cities they can move to compared to Canada. (Not to mention our insane COVID restrictions we still have in place)
And in Vancouver/Toronto, they always tear down smaller, older, ""starter" homes and replace them with big, new, even more expensive ones. The cheaper housing stock is being destroyed at a rapid pace and leaving fewer for beginning buyers. Then all the big new replacement houses force prices of the few remaining small, old homes to shoot up higher than anyone wants to pay for them.
@@hermeslein6614 It's not exactly free, we pay for it through high taxes. And the wait times to see a doctor or get surgery is very long. That being said, it's nice to not be gouged out the wazzo after you get your treatment. As for the crime rate, yes, I agree, it's a lot safer compared to America...but we do have many sketchy areas in cities.
@@hermeslein6614 i was at the doctors office twice this month in a suburb near Detroit. Both times, I saw Canadian license plates in the lot. So much better in Canada??
I am on the older side of Gen z, life feels hopeless in America. Stuck in a constant cycle of renting and debt. I can't save any money because I'm living paycheck to paycheck. I didn't even move out of my parents until I turned 21. Started most of my adult years during a pandemic. Idk how people stay positive during these times. I rather just kms than continue to be exploited and constantly being stuck in a cycle of debt. And I can't even picture a time when America was doing good because I was only born within the past 21 years, but I'm just a crybaby 21 year old. This wasn't the American dream I was promised in school.
It's very hard to stay positive you're not alone there. I'm a younger side of boomer generation though I never liked gung-ho boomers so made friends more with genX people. Firstly, forget anything you were taught. As my buddy Jonny Keen once wrote to me (he's got a booktube channel on yt) "In this country you have to educate yourself," and he's right and I have. This is a war of people of the flesh hating upon people of the spirit. Flesh being worldly goods, money, things, and materialism, people who enjoy your suffering, and abuse power (psychopaths essentially).. These are the people running Society, or more accurately, destroying society. And they hate people like me because they can't beat me because I am smarter than them. So they are going to try to take me down by making life so hard to live that I would also kms. But that isn't going to work. They also have made my life as difficult and miserable as they could, with low wages and high rents, so that I too have been chronically insecure about my housing, and so I have obviously not had housing. right now I am staying in a friend's studio/garage for over a year without a kitchen or a bathroom. Before that I was sleeping (w a buddy) outside a school where I had to leave by 6 am or get shouted at by some fat nasty school security guard. I only had half an apartment from 2013 to 2016, but was always scrambling to pay the 600/month due, not being on the lease the court made me leave when my apartment mate's gf moved in, then I stayed at a friend's a apartment for about a year, then scored a 500/mo room in a house of mostly drug addicts until 2018 until i couldn't make the rent anymore, that put me on the streets . My downfall began in 2008 when they caused a financial "recession" (fancy word for terrorizing people on the margin) and lost my job (construction carpenter) and then my apartment. I was staying on job sites until I met an alcoholic gf who tried to get me to stay with her in the basement where she was living in her father's house (a kind of rich guy), ...long story, ended up doing 200 days in jail (misdemeanors). This was a result of not having my own place to live. that was 2009. then found a room in a boarding house but still unemployed due to this "recession," couldn't hold that more than 3 months, then another acquaintance/friend's concrete floor until Occupy 2011 had my own tent, then an OccuSquat, and other places I can't remember. And mind you I am college educated from a good second rate university, though I never got a straight up professional career going, always worked construction carpenter. I could go on, but my point is that what is going on is a straight up war on ordinary people. Forget all that BS they piped into your head in school. And forget about covid too. Has knowing God helped me ? Yes. But I never read the b-i-b-l-e until I was nigh 50 years old , and that was in jail. I am no proselytizer, but Do find a way to value and cherish your life. Do not let these mofos get you so down that you give up. If you have to go homeless than you have to go homeless. It's not easy, it's terrifying, but it can be done, and amazingly can be empowering. I am not recommending it. I was street smart but I am a lot more street smart now. Don't let these mofos running their mouths (on television and elsewhere) about anything (school shootings? ) get to you. Block them out. They lie. Now what is going on now , and been going on for a hundred years in earnest in this country has been a process of breaking down the structures of society. Sure life was supposedly "good" in the Fifties when everyone could get a job a wife a house a family etc, but that was only because the economy was still growing (and the mofos getting richer). Life was actually getting too good for the controllers, with people striking for higher wages and winning over industry, until 1972 when the corporate type mofos got together and said let's see if we can run our businesses out of China where labor costs are peanuts, and they did, that's when this country started losing jobs (factories, production here) because they began to relocate to China, and continued to be farmed out elsewhere (Sao Paulo Brazil, everywhere). I could go on but stop it there. what's going on, suffice to say, is of biblical proportion, the exact same peoples as ran the show then running it now. some people get fooled into thinking they are aliens, and they certainly seem like aliens but no, they are just insane whack jobs (Bill Gates, Klaus Schwab, etc). I will now quote to you from someone you have never heard of, Otto Weininger, about God and believing in yourself (from On Last Things): "It lies in the very concept of God that it cannot be proven, but only believed." "If I am to have value then God must exist. God must exist for me to be. If God does not exist then the problem of value has no more relevance for my life, for then I am nothing, and I do not even have a reason for humility, for that too, then just presents me with my worthlessness in the face of value." God must exist for me to be; I Am only insofar as I am God." Don't lose faith in yourself. If you are going to take a look at the b-i-b-l-e then stick with the NT, and start with John 8.
Who promised you anything? I think this is the problem. Younger generations feel ENTITLED to something. I'm gen X, the economy crashed when I was entering the workforce. We weren't promised anything. We worked 2 or 3 part time jobs to pay for the apartments we shared with 2 or 3 roommates. We drove old beaters that we inherited and didn't have cell phones. It was absolutely awesome. We were flat broke but did it in style. Yes everything was cheaper then but I think the minimum wage was like $5 an hour!!!! I was in and out of my parent's house until I was almost 30. None of this is new, the only thing that is different is the sense of entitlement.
@@TrpleAgnt2011 I won't pretend to understand where you have been, but I have a few friends that know the road well. Wish I could cook us a good meal and sit down to talk for an evening and understand you more. You are obviously a survivor... I have never faced the challenges you have, but I respect and admire your will to carry on. God bless you.
You have a long road ahead of you, and many more reasons to be optimistic than you realize. Don't focus on all the material crap the world says you must have. Take some time to focus on what you like to do, what you are good at... whatever that may be... and look for ways to make that your focus and your goal. If you have to spend some hours... maybe hundreds of them... maybe a few thousand of them.... doing work you aren't passionate about, so be it. i'm a baby boomer who has enjoyed a great life... and I look back on pumping gas during the '73 oil embargo for $1.80 an hour with a smile. Hang in there... it gets better... and you can make it happen.
In the last year the average American household had about $5000 in money simply evaporate into thin air thanks to out of control inflation, and higher taxes. Again, that’s $5000 on average for every single household in America that’s simply gone from inflation and higher taxes. That’s a lot of money for every household to loose in only one year due to inflation and more taxes!
Here in central Texas all eight counties are way overpriced, a good half million here in Austin, easily, shortages in will co. Outsiders are easily scooping these up, used cars are selling for 28 grand! Dollar tree is now 1.25 store, now live way below your means! Going to get worse you wait!
Oh Nick! I have always enjoyed all of your videos. This one hits the nail on the head. America is being destroyed and is not affordable at all anymore. Even Florida prices doubled up in 2 years. Our kids have very sad future. How will they be able to survive through this crazinessand inflation? And what can be done to stop this insanity???
A social democracy also known as democratic socialism. Basically the economic system that all of europe uses. But it's too late US is now a 3rd world country controlled by a rich oligarchy. But the moment you say socialism for whatever reason this country likes to take advantage of misinformed people and say it's communism. Even though it's not even remotely the same.
@@Dominency Don't be so sure. Here in the UK we are seeing almost exactly the same pressures Nixk highlights in his video about the US. The biggest difference ia healthcare.. but all the other things like house prices, kids unable to move out, long term college debt, worthless degrees, degrees for jobs that never used to need them etc.. it's exactly the same. Bottom line is over population (through decades of uncontrolledimmigration).. that's what's ruining the UK.. and I think it's probably going to do for the US.. but you do have a lot more land.. but then the economics of expanding suburbs (US's favoured housing model) is catastrophic as they have a rural population density but city like infrastructure costs.
@@zx7-rr486 That's because the UK has trended torwards our economic system for a good while. I mean look at brexit as a good example. I really hope the UK can reverse the damage as well. And to push for more democratic socialism. The working class deserves a decent life.
In half of the US states, the minimum wage is less than $7.25 an hour. A couple of states have even lower minimum wages, like Arkansas where is is a pathetic $2.63 an hour for tipped employees. No wonder people don't want to work for crap wages and endure abusive employers. Wake-up! Those days are over.
It's a mess out here.. The middle-class is being undermined on so many levels. Our Democracy and justice system also happens to be being undermined as well. -- Change is inevitable.. For better or for worse.
Some careers like healthcare seem like you had to have been raised and conditioned to accept abuse from early childhood to be able to endure long enough to retire. Hospitals are AWFuL places to work. The kids coming out now have clearly not endured much child abuse so they can’t just start accepting it out of school. I can’t blame them. I personally find their mass rejection of toxic workplaces and sick bosses wonderful. Everyone deserves respect for just being human.
I started out living in San Diego paying $1640 on rent in 2019 I was doing pretty well. Then I went back to the hometown I was living at before that which is Cincinnati paying $1170 a month on rent and then once the one year lease was over they were increasing the rent to $1350 and that’s because so many people from California and New York are moving there and raising the rent and because I was sick of all the Californians moving here I decided to move to Miami and I was paying $1425 for a 380 ft.² studio apartment where everything was it walkable distance then I come back to Cincinnati and now the average rent here is $1300. And the prices to everything are increasing everywhere and one huge reason is because so many people from California are moving wherever they can find that affordable. But long answer short. The reason it is too expensive to live in America and is the reason people don’t wanna work is because inflation is on the rise and nobody can afford to live on minimum wage let alone $14 an hour. Pretty much nothing below $15 an hour is a livable wage and that’s why the McDonald’s employees were protesting about $15 an hour. It wasn’t because they were greedy and wanted more money. It was because minimum wage is no longer an affordable wage. And people don’t want to work because they don’t want to accept jobs that aren’t a livable wage. I looked up Third World countries and did research on them and how they live and their cost of living in jobs and I compare it to America and it’s not very different. What’s heartbreaking about that is there are Americans here that will have that governance brought here. And paying employees low wages and overworking them is bad for capitalism as a whole. Because when people don’t have time and money to buy things. The economy would grind to a halt. The way to have a strong and stable economy is by making sure an average worker has cash and free time! I also agree with what economic ninja says. Instead of arguing fighting and hating on each other because times are tough. We all need to work together and fight for our country and our freedom.
Ha, I’m from cincy but I move to Columbus for an X and the housing here is also rising all around town but if your a two person income house hold you’ll be okay. but you also have to consider transportation cost and mostly everyone here prefers too drive to everywhere.
For me I just like simple studios or one bedroom apartments at most. I’m not real big on two bedrooms are luxury areas I just like an area that has a bedroom to sleep in a kitchen a bathroom and a closet and a place to park my car lol. But it seems like that is nearly impossible to find nowadays
Those minimum wage jobs like at McDonald’s are not supposed to be for supporting a family or even for a single person unless they still live with there parents. Those are low paying jobs for people just entering the work force or older people working for something to do or to supplement their social security. What I tell people is get into the trades. I have two advanced degrees from a terrific university and yet I made more money wearing a tool belt than I ever did with those degrees lol
You have no idea how right you are, I lived in Egypt for almost 3 years and just got back 7 months ago, I kept telling my Husband that working a normal job here isn’t quite different to working in Egypt because there you make so low pay that you have nothing remaining to save but here you make more money but everything is so expensive that you still have nothing remaining to save, so it’s actually the same!
Nick Im an old retired boomer in Mexico. Sold my small midwestern old house in midwest and came here. I worked in call centers all my career. You can work remote here and make what would be a good salary based on costs in Mexico city. Healthcare is cheap. Used to be surprised that more social security retirees didnt come here. Now im surprised more younger people dont. Dont live in luxury. But feel safe in middle class neighborhood. Also no Midwestern winters
@@NickJohnson Not really anything. Between TH-cam and my girlfriends cable TV I can see NFL and sports. If you have and want to spend the money México City has everything that I would want. Lots of midwest people go to AZ or Florida Carolinas to retire. Depending on where your Kids live thats a plane ride. Same here. Mexico City direct to any large City USA. Your vids are great. You go out and Just see what you see. Most reporters today have the story the want to tell written before they go out and look.
Im in the UK, the only way you can afford a house in a good area is by winning the lottery. People dont want most of their wages going out just to keep a roof over their head, while working 60 hours a week. Its an existence for many, a depressing life. I was earning above average salary yet still struggled to buy anywhere decent. I left the job because there didn’t seem a point. Im not claiming benefits I just need to think where my life is going. Those who bought properties no later than the 1990s don’t know how lucky they are.
I don’t think you should necessarily have to hustle while doing school. That sucks. If school is all you have to worry about as opposed to worrying about school _and_ rent…you could do a lot better.
(I am an expat living abroad here is my opinion) I do not think that all of the recent graduates are lazy to work. The issue is why would you even work for a job that pays 2,500 a month when you have to pay $500 a month in university loans, over $1000 in housing a month, $200 for car insurance, $200 for a car payment, then you have gasoline to pay and food bills to pay. at the end of the month you barely have enough money to break it even. The issue is not the jobs paying too little, it is that everything is WAY TOO EXPENSIVE!!!!
Here's my Unboxing America playlist about the USA! th-cam.com/play/PLq-_cmf3H6yoRYg-ZZSFNFo4dBKxg85JC.html
Your video started out good then got bias and surface level. Your leaning to one side and and that’s wrong because your acting like young people should not be young people which makes no sense
FYI, Your videos are hilarious 🤣
You're a right wing shill dude, nobody wants to hear it when our generation can't afford rent with a full time job. It's literally your ideologies fault that this is happening
I went to College in the USA and in 1982 a Sociologist gave a speech on " The Decline of the West " Yes Empires decline and the evil USA empire is finished as the Roman and all of them. Nick you are lost in the windmills of your mind...
isnt wanting a better life with better oppurtunities treatment pay more fairness n escaping a goverment controlled by compainies n rich overlords what AMERICA WAS BUILT ON ISNT BEin A AMERICAN TO WANTing THAT n demanding that and standing up for what you belive is fair? wanting more freedom in your life is american we dont want to as they said n grapes of wraith and tennese ford said we own our souls to the company store
I’m a Boomer and I feel badly for young people today. Things were so much more prosperous when I was growing up. US still made a lot of things and you didn’t need college to have good-paying jobs. Young Americans today are facing major obstacles that my generation didn’t face. I wish our country could pull itself out of this funk, so that young people can look forward to a good life. I wish this could happen so very much. ❤️
If more people your age realized this we'd be so much better off.
well it was a hell of a lot better under trump, now the country is a cesspool
@@markbeames7852 agreed. And vote. I don't care how they vote, as long as they do so.
I'm a cusper or xennial and more than a few of my friends are millenials. Though at this point, as Millenials are 42 now ....
I agree!
@@Becca4.2 OMG! When did millenials get so middle aged?
Nailed it on healthcare. I got 7 stitches in the middle of the night at a hospital. If not my face I'd have gone to a clinic when they opened. Charged 4900. Doctor charged 2400 and hospital 2500. My insurance only covered half. They have you sign a blank check and if you tell them you have a job, get ready for them to max it out. Doctors are as scummy as lawyers at hospitals.
I went 2 mins in ambulance Bill $700
As a European , hearing these things disgust me .
Just before COVID happend i had to get knee surgery cuz of some nerves being blocked off . Think i had to pay like 70€ to the hospital WITHOUT having extra (private)Health insurance , the rest is paid by the publicly funded healthcare and social security service run by the federal government .( wich is ofc is being financed trough taxes).
@@NeelixSeQ When will we stop compering a content to a country?
In Texas if you cannot pay bill
In their timely manner they
Will take your home.
@@marshamcdonald1475 Woooooooooow!!😲
The younger generation don't want to spend what little time they have on earth slaving away for barely enough to survive. There's the greatest amount of wealth inequality that we've ever had. People want to work they just want to be fairly compensated for their work. The issue is so much bigger than you're giving it credit for.
One reason that I think often gets ignored is international competition. American workers say, "I need more money per hour to live a decent life." Workers in China say, "I need rice and vegetables and to pay for my crumbling tiny apartment that doesn't even have hot water. They outbid American workers for the same work, and live a life that most Americans would never accept, because they have no choice. American workers lose that work.
Well Im 59, pretty much that is normal, youth are slaves. Only at age 30 did I see some difference but that was because of a union job. 10 years you feel like your getting somewhere, went to collage for 4 years. Then in 2008 pay was horrible everywhere and then a ray of hope in 2016 and now I earn the same with inflation as I did in 1998. Was under the impression that I would retire like my grandparents. So I have 20 more years to save as much as possible, had 2 brand new homes in past, left my 6 acer dreamhome to escape a unhappy marriage of 20 years to live in a mobile home, now homes are way way overpriced. My mobile is paid off and extremly gratefull. The lesson is, please do not depend on anyone but yourself and invest carefully and learn a skilled trade for sure. Thats my next move just in case your left without a job because you can not depend on those either! Keep striving and survieing.
No he was right there’s a lot of lazy brats who want more for less, can’t blame the system for everything
@@pete1853 That's what American corporations (textiles, technology, autos, etc.) have done to us. Our good, decent blue-color jobs, etc. have been outsourced. And our government let then do it! How do we get them back?
@@pete1853 yup. It’s all relative but most have never seen true poverty. Only in the US can you have obese poor people.
You call 20 year olds living with their parents crybabies, but then complain that homelessness is growing. Make it make sense
he also failed to mention how in other countries its very common to stay with your parents in adulthood
In Australia in the suburbs the cheapest house is $80k but most over $1m and that's for a 3/4 br maybe 2 bathrooms if lucky.
Maga King
word! 👏👏
Living with parents at 20 is fine as long as you are productive and have a plan. Living off your parents is a different story.
Medical costs got me out of America. I needed high cost dental work. A few dental implants or lose my teeth. I went to several local dental implant specialists. The general prescription was a $20,000 down payment to start work that would cost about $40,000. I was horrified. I was ready to retire and I would rather pull out my own teeth with a pliers than finance another country club membership for a gd dentist. I told this to my brother who had worked with a club (like the Lyons club tho I don’t remember) and he told me of a program they ran where they would pay to send older veterans who needed dental work but had no way to pay for it so the club would pay to send these guys to Thailand, house them and pay to have the work they needed done there. I had visions of dirty little unsanitary dental offices but I went there and Boy oh Boy, they have a medical dental availabilities there that puts to shame what I could afford here. My type of dental work takes months so I stayed for months. I got to really enjoy the lifestyle I could afford to live there and I have lived in Asia since 2007. I love America but it’s not for me anymore.
I hear ya
Something like that in Colombia 🇨🇴 will cost like $2.000 bucks and even there that is expensive.
@Bali Breeze and some cocaine for them so they can cope with their mental issues.
Nice little twist to your story😊.
I had no idea you’d end up liking Asia so much that you’d choose to live there:). Glad you got your implants without having to declare bankruptcy:)
I would not have that
Low grade inflamation in my body if they paid me,...
It's easy to blame the new generation for problems created by the old. I find it shocking that we have the audacity to blame the new generation for being dishearten with capitalism when they watch their parents struggle day in and day out to make ends meet. When I was a kid, my uneducated step dad made over $40k a year, but a home that cost $250k today only cost $60k back then.
That would probably be about $28,000 a year in payments. They could pay for 15 years and still owe $250,000 and now they need a roof, ac, kitchen, bath and flooring.
Amen
Exactly, parents must teach kids from young how to budget and live within their means
Not to mention how disgustingly outdated houses are today. Not only are you paying 5x more than a house in 1980 but you’re getting a house that hasn’t been updated since 1980. It doesn’t make any fkn sense. If you were paying for a $300,000 house today but it had wood floors, current appliances, upgrades HVAC, etc, it would at least make some sense….
@@qualitytouchpainter This comment low key was straight facts. It broke my heart when I discovered this reality..
Groceries and gas are killing my budget personally. I'm a single mom, with a union job, and work 55 to 60 hours a week. And I'm STILL struggling to make ends meet.
Do you apply for food stamps medi-cal?
@@samara4157 sadly, I’m part of the system, too. I had an argument with someone about this when covid hit. They blamed me for being in the system. I tried so hard to provide for myself and move up but life throws a curve ball at you. I want to provide for my family and live comfortably and securely. I’m not asking for a big mansion, or the latest cars and phones. I just want a home for my kids to inherit before I leave this earth.
@@jritz619 I just want a home so my mom has a place to stay when she can no longer work. :(
@@samara4157 If you need some places to relocate here( Grand Rapids , Kalamazoo, Traverse City, Ann Arbor, Overland Park, Des Moines, Lincoln, Omaha, Sioux Falls, Rapid City, Iowa City, Ames. These are all cities and there very cheap with great economy’s. Just some suggestions to help you out
Honey, Look who is running this country. People with extreme socialist ideology. Biden shutting down the XL pipeline, Covid mandates, which are causing supply chain slowdowns and inflation. Everything that the Liberals touch creates the exact opposite out come. You like many are in the same situation. You need to vote these radicals out of office. Vote Conservative.
My friend's son just graduated college with a 4 year engineering degree and got his first job. The starting salary was $30k. I told him I made that much 30 years ago and that the job I did only required a high school diploma. I think college is a huge scam.
Big scam!
That's really low. What state was he looking to work in? My neighbor both of his sons have graduated with an engineering degree. One from UCLA and the other from SDSU. One is an electrical engineer, and the other is a mechanical engineer. They're doing quite well in Southern California. The younger son didn't work for a couple of months in the middle of the pandemic which was the only bad thing for him.
Well that's low for any engineering job. It should be like 70 grand coming in shouldn't it?
@@Rhaspun Florida. Wages have always been lower than average. He could move up north and make much more.
@@toomanymodz that's true. I'm leaving Florida to make $20K more a year for the same job.
At a fast food restaurant I walked in very early in the morning, the manager had the employees in the back by the fryer, literally screaming and yelling at her employees for not doing their jobs properly. I saw this little meeting and how bad she was treating them. Finally, a young girl noticed me standing at the counter and came up to wait on me. The manager was still ranting and raving at her employees. I looked at the girl and told her the manager was totally wrong for treating them so poorly and she should not have to put up with such treatment. I was appalled and she just smiled and told me she really needed this job. But nobody should have to work under such poor management and I think it's really asking too much for anyone to be
ᎷᎬᏚᏚᎪᏩᎬ ᎷᎬ
✛Ⓘ②ⓛ⑨⑧④②⑧⑦⑤⑦✔️✔️ 💬..
If you have to scream and yell to get your employees to do a good job, you're not a good manager.
Unfortunately Americans only have other Americans to blame for the horrendous treatment people in higher positions subject the employees to. It's like they are seeking revenge for being treated the same way they now treat their own underlings. Vicious cycle..
This is normal behavior with
Women placed in the role
Of “Manager”. 99.8% of female
Managers have no education
Or even have a degree in management . Because of
This fact they become belittling
Most women do not do well as
“ Managers”. They have never
Played in team sports, don’t
Have a degree in management
Either. So they bully their
Employees and pick out
A scapegoat . It’s a really
Sick and toxic environment .
And businesses suffer a
Financial loss because of
This fact.
I am retired in Japan. My yearly bill for national health insurance was $175 for 2021
Better than me in France. I pay about 1000 € health insurance a year. Retired too.
@@towaritch French too.
I pay like 20 % of my income as independant contractor for public healthcare. Plus private healthcare of course. But we are said to have "free" healthcare.
Yeah right.
Why can't the U.S. figure out Healthcare and educational costs? Exhausting.
@@kfrancis1872 Greed?
@@samuraishonan4706 Guess so.
A boomer’s perspective. When I started in manufacturing people taught me things as they saw my interest in learning. As I learned, I moved up. Now I’m at the level of those that taught me and I want to teach the next generation. I have had owners tell me not to teach. They will just cost more or go work for the competition. Just use them as they are. We have changed into a Ian Rand “The virtues of selfishness” world. Fight to maximize your own profit and let others fight for themselves. Constant fighting has replaced everyone working together for a better country. No wonder good people are checking out of the system. Who wants a never ending fight.
I'm actually leaving manufacturing soon because of these reasons. All I am is a machine to keep parts moving to them.
@@90kevin20 America is done for. Thae anti work movement guy is our future and they do not even identify as American!
Ian Rand?! Never heard of him. Must by Ayn's rebellious son .... 🤣
Could not say that better myself.
Yeah competitive bullshit on the job. So many of todays youth are checking out.
Just play videos and social media at home, F it!
I am in my 40s been working since I was 14. I had to take a third job at a grocery store recently and I was shocked at how there is no way to move up within a company any more. Rather than allowing a team member to be promoted, they will hire someone from outside who knows nothing about the company. How does this encourage employees to move up? It’s ridiculous I was shocked. I remember when I used to work for tower records and I worked my way up within the company. So with this experience, I could really see how this could happen. Why should one work hard when they won’t get a chance to grow in the company?
Local grocery stores are union here in Seattle, Washington but they nonstop hire because they will only ever let you work 22 hours a week which means you won't be working enough to pay union dues or qualify for union. It's intentional. You make about $13/hr to begin in a deli position in Tacoma Washington state but only 22 hours. Grocery union hasn't done fkall for it's people in so long. It will die.
Companys dont allow people to "work their way up". Its hard to keep entry level employees since conditions are so bad. So if you enter at that that level, they aren't going to give you a way out. Management will be chosen through hiring family members or people who have management degrees, even if they are clueless. Its a caste system now.
@@benjamindover4337 caste system is correct
One of the many reasons why I enjoy running my own we business (e-commerce) instead.
@@treee4603 It's the agreement that the union signed with the grocery stores. Full time is probably considered starting at 22 hours. I had a friend who worked at a grocery store. He said if he wants 40 hours then it is night shift which is the stocking crew.
I think the American dream now is to be debt free and to have one vehicle paid for (that you own) so that you can live in it, till you die. Hopefully enlightening hearts and teaching skills to youth along the way
You want to know why the shit a cheap? Taxes. The government don’t give enough money to colleges, healthcare etc. Nun of us well never be debt free cause In ordered for this stuff to be cheaper you have pay for it thru taxes.
You will never own your car dude
Yes. It is much better to not have a large payment and be a slave to your debt. Even tho, we are never free and never own what we work but are getting less free always with being taxed so much. What can be said
American dream is to have a real high speed rail system and not be enslaved to rolling coffin and debt box aka car.
RoadTrip Eddie, you I like!! 😂❤️
The biggest problem with housing cost is that people that can afford the 1 million dollar home will not allow home builders to build less expensive homes near them because they are worried it will bring down the value of their homes.
@@scottlee7542 because there's something inherently wrong with them, right? it isn't a matter of privilege at all, huh?
Very true.
Untrue, deive through the midwest, or actually dont these gas prices are very high. There are half a million dollar homes, next to stuff thats lucky if it grts 80k. And thats everywhere.
@@agentnine3973 that's because they built those half a million dollar homes next to existing eighty thousand dollar homes.
In Australia this is untrue! They built all the public housing together and created a problem that years later they took it apart and sold off every second house privately and the problem went away. They had already built the public with private since the beginning and it worked but the moment they put it all together it didn't. Same as our rich beach and coastal suburbs they have more little troubled teenagers then the lower and middle class mixed together now in the inner city suburbs.
The country has been largely mismanaged since the 1960's. There been some positive periods, but by large the ship is sinking.
It’s really unfortunate. And there’s no sign it’s getting any better.
Inflation is great. Only the boomers are whining cause of their fixed income. My local Mickey D’s are paying close to $20/hour, the poor are getting paid more now. Student (or any) debt is shrinking, homeowners (63% of Americans) are on top, & you’re saying the ship is sinking? Gas prices are high but maybe don’t drive a gas guzzler cause hybrids are great. Boomers are the ones driving the old cars that gets below 15mpg. Boomers complaining about a $0.50 increase even though they’re the ones that gave us trillions in debt.
@@rd24life Those who have debt are less burdened. Millennials with an average of $35,000 in debt are relieved. Homeowners (63% of America) have equity unlike any previous generations. Gas costs more but that’s a penalty to gas guzzlers & those who daily drive an empty SUV. People who lose are those on a fixed income, get a new job McDonald’s are paying close to $20/hour now. Things may cost more but many people I know are getting 20-30% raises by moving jobs.
@@rd24life I support debt relief. I actually benefit from asset inflation, so yeah? Who buys stocks hoping it’ll go down in value? Stupidity.
@@rogersmith7396 You sound like a boomer. “It was great when I was young” cause you bankrupted America.
Your spot on about America today. Had kids tell me “if they paid me what I am worth then I would show them I am!.” What gave them this mindset.
Nick, it doesn’t really work that way anymore, there aren’t entry-level positions in a company with a career ladder where you work your way up. Jobs that used to require a high school diploma now require a degree but the pay is the same. It’s kind of like people used to be able to work for one company for 30 years, buy stock in that company, retire and live comfortably, but Wall Street sold us out….
It took a lot of hard work and sacrifice to get to the position where we could become part of a company for 30 years and partial owners in that company, but that spread the wealth too much, it didn’t leave enough for the top shareholders so they farmed the work out to populations in other countries that they didn’t have to treat well. All of this is coming home to roost, our kids are not dumb and they’re not lazy, they want to know what they have to look forward to in this life. Can you tell them?
Julie kids are weak. That's all!
@@NickJohnson maybe they'll all come together, start a SPAC and call it grit-and-grind and show you what they are made of💪💪
With today's market they just need a one or two page business plan that makes absolutely no promises, that should garner them a value of about 300 billion don't you think?? Lol
As a contribution to retirement preparation, DON'T put all your retirement financial eggs in one basket! If your retirement stability depends on a single company surviving and doing well, you are on thin ice.
@@NickJohnson - I'm surprised that you have such a simplistic take as that. "Kids these days..."
Now go shake your fist at a cloud 😄
@@andylane3739 It's what autism looks like...
I’ve taken in my wife’s grandmother and father. This is just a sign of the economy. We need to be like other countries and have families start to help each other. One thing we can do in America since we can’t change medical costs,
Exactly, now we need to live with extended families.
Your the kind of person we need more of! I took in a friend of mine that had a heart attack and because she couldn't work was evicted and her adult children didn't have the resources to help her out. So I helped her out. Peace🙂
@@theboyisnotright6312 that is a wonderful thing!
More people used to help others like this.
So many things have changed over the years.
We shall all do what we can.
I’m disabled. It was not an easy task lifting grandma with tics I get (kinda like Tourette’s & Parkinson’s) plus my back injury, but I was happy to step up to the plate to help.
Good of you to help!
@@brianbordenkircher52 only way to make the world a better place.
@@theboyisnotright6312 In the USA, getting Sick is Not a Human Right, but a CRIME. And that Human RIGHT is only Reserved for the Wealthy.
One thing I'm annoyed by with housing is how incredibly ugly and cheap houses are now. You have no yard. All the houses look alike. And the worst thing is how cheap it is. What happen to a good old brick or stoen house. Imagine how bad these wood frame houses will age. It's not a good longterm home at all. The quality isn't there.
I wonder who thought frame houses were a good idea and the brick frame combo - yuck! 😫
Omg, yes.... I live in small city of 55k & all these houses are ugly, old, repetitive, & overpriced that needs lot's of tlc for starter house at 90k-140k. Got to love when people could just go shopping for a house in a store catalog back in the day. /yuck. I would feel ripped off if I ever bought a house and the whole block is cookie cutter with slightly different finishes. Even in newly built cul-de-sacs suburbs where houses are 200-400k are all cookie cutter with different finishes, because it saves the constructions companies lots of money.
There's some really nicely crafted old brick & stone houses that were built on the North Side of Milwaukee, but it's ghetto as shit up there.
no yard, pretty close to each other, but they also over 500k
@@b4rs629 originally from Milwaukee and my parents still there and boy has real estate sky rocketed there....burbs are too expensive! Starter homes are old and need TLC/heavy remodeling. Northside yes can be ghetto .. the best areas are ones that are like close to wauwatosa but still in Milwaukee (nice areas, close to burbs, but cheaper property taxes)
The whole concept of having a yard is economically inefficient, I would never buy a home with a big yard. The community I live in has houses that are close together with several community greenspaces that is a much better land use IMO.
I actually love the young generation. They’re not afraid to stand up for themselves. Older generation just went with the flow and was afraid to go against the grain. Do what makes you happy.
Exactly
The number one thing to ensure that you can get ahead in this volatile economy is to avoid debt like the plague!
well if there's high inflation, debt isnt the worst thing in the world. especially if it's locked in at a low interest rate. your debts become smaller with inflation, and that stack of cash is worth even less. not saying you should get yourself into insane debt (especially credit cards and other high-interest loans), but low interest rates mean its not the worst time to get a loan
@Aaron pretty much
@Duane Young Keep supporting illegal immigrants who make the wealthy richer and are happy to live off American welfare crumbs cause it's still way better than where they hail from. They make it impossible for Americans to earn a living wage.
@Aaron History 101.
@Aaron Fed is the cause of all the poverty in the world. Read a book and educate yourself.
I don’t blame anyone for not wanting to work these days. It’s been a downward spiral for decades. It’s not a worker problem it’s a pay problem. Nick, you seem to be fixated on what these kids are doing wrong, what about all the adults that have been in power far longer than they have even been alive that created this mess?
When he speaks of young people's sense of entitlement, I agree. It's a serious problem. If you don't have experience and skills, you have to work low skill jobs, and you're not going to have autonomy or influence in your job. That's reality. You have to probably live with less amenities and luxuries. You probably have to live in less than ideal places. It's not complicated.
He has some good points but kind of a bitter negative delivery energy...as a 50plus I see it from several different angles - some are certain behavioral issues but a lot of really bad systemic failures impacting outcomes
It's not a pay problem, it's an inflation problem. Our government needs to stop printing money so people's wages can go farther. If businesses pay their workers more, they will have to charge more for their products.
@@serenityhomemaking Now it’s an inflation problem as well. Wages have been stagnant or declining for about fifty years. POS cost increase over increasing wages is a flat out lie as well. These companies are currently making money hand over fist, they have been making money hand over fist for a long time. The money is there and it’s always been there. They know that all they have to do to turn the public off to them paying more is start grumbling about price increases. It is a big fat lie.
@@microbios8586 We are not entitled for asking for the same safety nets as our grandparents. And let's be clear, Boomers are NOT skilled. They are the least skilled, so by your definition they do not deserve the wealth they were able to obtain with no skill jobs at a cereal factory right?
Right, the CEO's are making 20 million a year, more than any time in history, but you blame poor workers for quitting their low paying jobs. Nick, it seems like your blame is misplaced.
Low paying jobs try Canda different story up there. Honestly I’ll never know why ppl just don’t move to the Midwest and continuing to vote for the same party to raise taxes for productivity over wealth.
So what? Regardless of what they're paid you'll get the same.
@@brandons2825 Untrue. If we limited corporate CEO pay to 8 times the pay of the average worker, instead of the 300 times that we pay now, we could pay workers more.
@@sbl17jackson37 so they get paid less and choose to give you that money instead, because why?
You are correct. In 2021 (during Covid-`19) the average top CEOs got around a 3 million dollar raise. The middle-class peasants got the crumbs. Buckle up we are going back to the Gilded Age. All while your elected officials in Washington D.C do nothing. You see they are cashing in too. They don't represent you. You have zero representation. The answer to K-street Lobby and wealthy donors regardless of Party. Still waving your flags??
Younger generations don't want to work shitty jobs for so little money, they can't even cover rent. How shocking! It's almost as if they grew up seeing the life their parents got to live, and then for some reason are disheartened to find out they'll never get that life
Not just younger people ALL people don't want to work for not enough to live on. When are wages going to catch up?
I don’t think you’ve meet a lot of college adults because this whole “we are lazy” is nothing but a myth. When I was in college 3 years ago and I was an RA, my residents often did school, one or two jobs and had other shit going on. Let’s stop this “kids now-a-days” myth. Most the people in my age group (25) work very hard with little gain
Guess what? Too bad
This guy clearly bought faux news propaganda, people are living in their cars and he wants to tell them " move to the ghetto" . Im shocked we haven't solved the economic issues with his simple views.
You are in a minority
but a majority aren't like that
the whole lazy work ethic excuse is nothing but the system and their gatekeepers finding ways to neglect responsibility for a broke system that benefits only a few.
I live in Colorado around the Aspen area and I have to say that the home prices and rentals have increased immensely! You're lucky if you can find a single family home for $400,000. On average homes are costing $600,000+ and honestly some are shitty as hell. A studio apartment is going for $1200+. There are so many people here that there's more homelessness, people living in their cars, living with roommates or living with their parents. The working class are working so damn much for so little. The pay is not matching up with the inflation. Its sad. No lie I have friends making $22+ hourly and THAT is still NOT enough at all here. Its sad.
I make about that much, 20 or so an hr. In Seattle, and costs are so bad I literally want to buy a car just to live in it. My plan was to pay cash for a used one but while i was saving up, 2020 happened and friggin 1997 Rav 4's and cars like it are going for nearly ten thousand where I'm at. Crazy.
And to the ones saying that we should just suck it up buttercup and move out of these "fun" places, they don't know people's situations nor do they care to honestly. My job is based here, I can't do it anywhere else, outside of our other bases which are literally *all* in the most expensive cities in America. NYC, SFO, LA, BOS, SEA, MIA etc. No matter which base I chose, I'd be struggling to keep my head above water. This is a systemic issue, not an individual one. Some of us took the route conservatives all talk about, finding a trade, avoiding debt (especially college debt)....and yet here we are.
The problem with your comment is the lack of perspective about how good those people have it. A hundred years ago families lived with multiple generations in a small house or apartment. They had no TV, phone and internet. People died from simple infected cuts. No antibiotics.
If someone needs to get roommates to have a roof then that's even better than when people would share a bed at an inn.
Farm work was HARD. Factory work was dirty and dangerous and HARD. We complain that the A/C isn't at the right temperature at our jobs.
@@chenanigans get a job at the Fred Meyer distribution center in Puyallup..... Within 2 years you'll make $35 an hour plus full benefits and more overtime than you can handle. Made $85k last year and could've made more if wanted to work the hours.... I'm a highschool dropout. $1500 hire on bonus going on too...
Only 60min drive from Seattle
Rosie that is crazy and sad. What to do, and where to go?
60, lost job due to Covid, lost my savings to medical bills, living out of my car, sometimes in it.
Do you at least live in the south so you don't have to put up with brutal winters?
@@terranceknows No, I’m in northern Maine, staying with my cousin’s ex wife.
In order for some to be rich, a lot more have to be poor....
@@mariekatherine5238 At least that is a lower cost place.
Damn, I'm sorry.
It's not just liberal states that are expensive. I live in a conservative state and the home prices are starting to rival that of Hawaii. It's insane!!!
I live in Florida, a conservative state, and the home prices are insane.
Hey Nick! It’s not just young people who are crying about wages being starvation wages! Plenty of us adults are crying about starvation wages also. If the minimum wage had kept up with inflation since 1933, it would be $33 an hour today and we will be working a 35 hour week because of efficiencies. It has been stagnant since 1979 and the rich have funneled all of the benefits to themselves while the rest of us become more and more poor. Stop dismissing the very valid observations By lived experience of young Americans. They are correct. Your divisive dismissal of their reality is unfair and unkind
I was wondering what the rate would have been per hour had they increased wages the way they were supposed too!! Jobs are literally paying the SAME amount for the past decade!!! This is insanity! I don’t blame this anti-work movement, their perspective of things are more than accurate and true.
Typical Communist. As an adult you had the time to acquire skills for higher paying jobs! Minimum wage is a fallacy and bad metric for measuring progress.
@@rockon8174 Can I ask you a question? Let’s say every single Adult in the US acquired the necessary skills to obtain a higher paying job, and our youth all goes to college and once graduates, looks for entry level career positions, who then would be the workers of these jobs that are choosing to underpay people livable wages? See how that just doesn’t work? I lived in Egypt for almost 3 years most recently and the entire country is englufed in poverty because of this mindset, there are no regulations as to how much filthy rich corporations can pay their workers and it’s literally modern day slavery there. Employees there earn $300 per month for a 60-70 hour work week. Creating no opportunity for them to ever buy a home, and provide for their families in their 20’s. The fact is that, not everyone is going to go to college, not everyone is going to have high job paying skills, this does not mean that they should be paid such a pathetic wage that is not nearly livable on in our society today. The aspects of work and pay are very similar between here and a third world country.
what prevents you from organizing a revolution and overthrowing the power of the rich? As the Russians arranged in 1917. And after the victory of the revolution, build Gulag camps and send all the former rich to work there - so that with their labor they would forge the well-being of those who won the revolution !!!
@@perisher1976 I don’t think that that’s in the American psyche to do what the Russians did
The reason it's so expensive is everything is priced for the rich people making over 200,000 per year.
Priced BY the rich people
No it isn’t
@@dcg590 yes it is
@cheeseboi true
That’s not considered rich at all
Can’t even blame people for wanting to do van life anymore, I’d love to travel and work seasonal jobs and not have mortgage or pay rent such a joke now might as well travel and actually live…
And don't forget the ridiculously high property tax in many states.
Van life went from stigma to trending within two years. I was planning on buying a van once my lease is up, but van prices has shot up. It's hard to find a clean non-work van.
Yasssssss!! I totally agree 💯
@@b4rs629 yes it really it, even getting pick up truck with shell or I’ve seen bigger suvs like a 4runner is perfect for traveling in but all expensive now. And gas. People will be living out of a Prius soon
Van life on the beach
I love how willing older generations are to throw the younger generations under the bus for all the issues. None of us are running this country, controlling the policies or anything like that. That is the older generation. We were just born into this mess that ya'll created and now we're trying to make our way out.
And the best part is, they lived through the post-war golden age and had every possible opportunity to succeed. Then, they complain they can't retire. Why is that?
It’s not a generational domination, it a class domination.
When people complain about millennials, just remind them that the millennials were raised by Baby Boomers (for the most part/on average).
@@TheyRiseBand In short the credit system and overspending during the good times.
the same people that made it back then are the same people that would make it now. Todays generation spend most of its time complaining about the same conditions that older generations dealt with. Keep looking backwards, the economy takes no prisoners.
Only a few can climb the corporate ladder, because not everyone can be the manager. Schools should be more focused on teaching kids to be entrepreneurial how to start and run a business rather than to work for others.
Yes I am 70 the us is all about or for a kind of money culture I am now going to search for Willie Nelson's old fishing videos and forget the problems we have created go jug fishing
Hrep14 yes!
@@mikehumphrey4039 Mike lol
Schools should be more focused on helping kids figuring their gender, fighting for social justice or saving the planet
Yup!! 👏
Yup ! I'm in my late 40's. (17 years) working for the same company and being treated unfairly to this very day. I can definitely relate to that!
i am making less at same company than when i started 9 yrs ago, who makes LESS? I have a lot of bad luck...
Ur fukkkkkinnnnnnnn crazy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Why "living with your parents" is such a stigma in America? I know, there comes a time when you must leave the nest, but if you help with the bills and the needs of the house then what's the problem?
Now, if you are just lazy and don't want to work, sure, then you are the problem
Propaganda, the system wants you out spending as much as possible as early as possible.
Smart people would say F to that and save tons of money.
My gf is 25 still lives at home. Having 5 years of savings allowed her to pay a down payment for a condo. I wonder how many 25 year old could say that
I don't get it either.
This is one of the few things people in the comment section are right about. I agree, people should stick close to their tight knit family members if they have them and work and save as much as they can. Moving the family into one house and splitting costs is a fantastic way to weather the economic storm and come out on top.
Its ok to live with parents, it works for many people
So true, my husband's two nephews have education and work full time and still live with my SIL, who's no longer married, because if they didn't none of them would make it financially. They wouldn't be able to rent and pay a car payment with their student loans and on one income, she'd lose the house. It works for them, people shouldn't judge.
A lot of young people have seen somebody work for 50 years and still be poor even if that person did everything right why would they want to go to that
Your belief system is broken. If somebody worked 50 years and is still poor, they did everything WRONG! Accountability is what people are lacking.
I think during the pandemic, people found out the companies they held out for didn't have their backs when the shit hit the fan. Today our biggest employers are Walmart and Amazon, many of them don't increase pay over the years or have opportunity for upward mobility, they'll hire outside for management etc. Its not work your way up environment anymore. We are now a service industry country, even if everyone could afford college and have tome after 3jobs, there aren't enough professional jobs available.
usa is rome, once its peeked it will go down is chaos we have a solid 3-5 years
My Daughter will be going to Ecuador with her Husband to look at Homes . The US Housing Market has gone completely insane . I truly feel for 1st Time Buyers . Their American Dream is all but Dead .
I'd rather live in a tent in the US than live in Ecuador.
@@chuckg6039 LOL
@@chuckg6039 Please stay in the US, the last thing South and Central Americans need is an influx of wealthy (by their standards) immigrants driving up their home prices.
Wow... I feel lucky now. I was just about to move to US. But I guess things aren't looking very good there.
I can't believe this! Is this the great US? God's fav country? How did y'all get here?
@@deasvail99 I really hope America becomes as great as it once was. I loved the America from 80s to 2000s. I wish it comes back.
Lots of well wishes from Netherlands🇳🇱
I'm blown away as how everything has went up in price it seems like on average things have increased by 20% in the last year. It's horrible.
@@rogersmith7396 No they fucking don't.
@@rogersmith7396 sociolism
Bidenlism
@@rogersmith7396 more like the guilded age for them...lol.
@@rogersmith7396
What are you talking about? Are you even familiar with the Cloward/Piven strategy? Why are you Commies so dense?
@@rogersmith7396 ... communism is NOT the answer to crony capitalism.
Or anything fucking else. EVER.
The whole "kids are lazy and spoiled" meme is old and short sighted. It's just a poor excuse for not finding out the real reasons for our collapsing society.
I know lots of people who have been grinding away trying to "climb the ladder" and never get anywhere no matter how much they work for it. But those higher promotions go to "friends of friends" to the higher ups usually. I think a lot of people are burned out and jaded and feel hopeless.
Absolutely!
The reason it looks like they never get anywhere is because we try to identify where somewhere is in our mind, which looks like nowhere compared to what we think is important.
The issue is corruption. Jobs are now ways to bribe people and be given to people who give the employer something.
@@CelineNoyce that's not corruption, that's normal business practice, the level of corruption you speak of, happens in politics and top level executive
@@homelessmillionaire1 No, we have all been lead to believe if you work hard you will get a promotion. If that is not going to be the convention, why should anyone work hard?
The system is working perfectly. The huge, permanent tax cut for the wealthy gave them the ability to buy housing and raise rents, and the infusion of all that money is inflating house pricing.
The rich get richer and the poor get poorer.
@Vikas - to a much smaller extent than than the factor I cited. When the Banksters were bailed out in 09, instead, the homeowners should have got the $, they pay their mortgages, the Banksters still get the money, the people keep their homes.
But no, all that loot went to the "too big to fail" Banksters, and they literally made out like bandits, while millions lost their homes.
Yes, consumers were partly to blame, but shady mortgage brokers were requiring ZERO proof of income.
Sure, consumers were dumb, but aren't the Banksters supposed to be the wise ones? Why were THEY so loose?
GREED.
I remember a couple of my neighbors taking that easy money, buying Escalades, becoming house flippers. They chided me for sitting tight. When it all crumbled, they lost everything, and the elites won - again.
In Iceland, they actually jailed a couple of the crooked Banksters. But that's a tiny country of Vikings, not a huge Republic of Dunces like us.
The worst part is, is if everyone in America was as cautious with money as me, the economy would collapse.
What a conundrum, huh?
I thunk there may be a generational thing going on as well. A common practice years and years ago, once the children grew up and moved out, parents would sell and downsize. Thus creating new, affordable construction and opening up single family homes on the market. Then when housing values started inflating, many of the Baby Boomer generation saw an opportunity to treat their home like a poker hand. Hold it and see how much value can be squeezed out of it. Stagnating the market for volume and creating scarcity. But what was gained in the end? The federal government had a nice hold on your property and money when you end up in a nursing home or assisted living facility. It all goes to the Healthcare provider or government, and legally, its become damn near impossible to hold onto any hereditary property or money due to loopholes being closed.
@@andylane3739 My next door neighbors lost out too. They had just bought a new home, barely lived in it a few months. Then the collapse of 2008. The problem....they got a variable rate mortgage loan instead of a fixed rate. Their monthly house payment TRIPLED. They couldn't afford it of course, so had to move out, and the house went into foreclosure.
your problem is that you are used to working only for hire for a salary. In America, those who work for hire for a bourgeois capitalist are forced to forge wealth for a beggarly wage. But you can become a bourgeois yourself and work for yourself! Then you can live with dignity! What's stopping you from working for yourself and becoming rich???
I'm gen Z, born in 98 and I understand why my gen doesn't want to work. I'm currently working, but most my friends don't. Why work 40 or 50hrs a week, just to get by with no savings, no benefits, no ability to buy a home or even a reliable cars. My gen feels they would rather keep there monthly expenses low and work to a minimum. This allows for more time with family, more time for your interest and hobbies. My friends all seem happier now then they ever were working. They have free benefits, and get to spend most of there time doing whatever they want to do. Agree or disagree unless the reasons listed above don't change I wouldn't plan for the labor shortage to end anytime soon
That’s good for all of us who want to work. We’ll take that OT and get ahead while you sit home. I’ve got multiple homes, cars, and get great vacations.
@@Golfing422 okay lol. I'm working my guy, never stopped. Just sharing some insight on why a large group of people don't wanna work.
@@baileyf1998 spot on
@@Golfing422 Just because you work overtime doesn’t guarantee you’re gonna get by. With expenses going up every day, you’re gonna work yourself to death to keep up with a life you cannot control.
@@baileyf1998 I guess they are owning nothing and being happy like Klaus Schwab says. I don’t think I could live an existence of being broke all the time, but able to spend each day on the couch. At some point, it would get boring, not to mention the catastrophic consequences of being cut off by the government and having no savings or assets to live off.
I make $24 an hour in Dallas. I don’t know where I’m going to live next year. The rent is too damn high. It really crushed me when I went from a retail wage to salary everything went up. It felt like the rug was pulled on me. It hurts. I worked hard. Now with inflation I am destined to stay in shitty one bedrooms.
I disagree that work ethic is the issue for this generation. They just want to find a fair paying job for the amount they paid. I am going into a pipe fitters union and after year 5, I will be making 39.50 and hour and the training is paid for by the employer. I think what we need is tech apprenticeships with certifications instead of degrees. Instead of paying 80k for a degree, you join the tech union at 50% of the ending salary, say $19.50 and hour, and you do a blend of taking coursework for your related work, while actually working for the industry. If I wanted to go into data science, working at unionized companies doing basic data entry on year 1, then data analyis on year 2, etc. The companies need more talent and the people need a way to get a high paying job without being in debt for decades. WIn-win.
I'm Australian and I'm a qualified tradesperson. I left high school at age 16 and started my apprenticeship. When I became qualified I earned good money. Then my trade became computerised, I was made redundant twice but was able to find a low paid job that I enjoy still to this day. Australia is more expensive to live in than the USA. I agree with Joe, more tradespeople are needed but are those jobs still available? When you buy something that's made in China, you're supporting a way of life that you probably wouldn't aspire to.
@@JosephSneep Agreed.👍I'm trying to encourage my nephews to be tradies. Four years of ordinary wages pays off once you get your ticket.😉
@@JosephSneep True. Pretty hard to compete with a nation (China) that's prepared to work for much less than we would.
I dropped out of high school then became a welder/fitter still don’t make enough at $22 in iowa
Young generation wants easy white collar jobs. Not real trade work where you have to weld or fix furnaces all day.
Over the past 50 years, workplaces and shops have moved from being locally run enterprises where the bosses and owners were part of the fabric of the community to being faceless corporate giants who see you as a number on an excel spreadsheet. The dehumanization required to be part of the workforce is soul crushing and hard to take at a certain point. You used to have life employment at a company, now you know they don't care about you, so why should you care about them or their jobs.
I think main issue I had with this video is the homeless talk. I know good decent people like teachers who didn't have addictions or drug issues or things and still ended up homeless due to their jobs not paying enough to save up much or medical bills or other things. Other people from other professions also who became homeless without drugs or addiction or mental health issues.
To be fair he does point this out in many of his great videos. But it is simply a majority are there by choice. I see it first hand in the Portland oregon area
@@stephenfloyd3522 if the homeless are not drug addicts, then you need to help them - give them drugs so that they become addicted, so that they correspond to the stereotype by 100% that if homeless means a drug addict
@@perisher1976 ?? What
Majority of people become homeless because of financial hardship; can happen to anyone.
@@Jestfoster do you know many homeless? I deal with the issue in the Portland metro area and I can tell you that maybe a 1/3 of the people are there for some sort of financial hardship, most are there by choice and or dealing with some sort of addiction or mental health issue. This is just the facts.
I've been working as hard as I can for years. They said, get a skill, so I did. I'm 44 with a small family and I just can't get ahead. Rent/bills take up most of my income. Would love to own a house and/or retire, but it's looking like that's just a dream now.
I was born and raised in The US 🇺🇸. I left when I was 23 and returned to The US when I was 37. Lived in Jersey for almost 2 years and just couldn't take working crazy hard for a minimum wage job or driving a taxi 🚖 and only getting 35% of the daily fares as I was driving for a cab company. Looked for jobs almost every day in New York and New Jersey and went to a few interviews I was called into but no dice I even got a CDL Class with all the endorsements and couldn't land a job. I had to work two jobs 6 or 7 days a week just to make ends meet and save a wee bit. I left in 2012 for good and returned to Colombia 🇨🇴 where I've had a pretty good life on my wages as an English language teacher for 23 years. Ain't ever going back to The US and I love the country that gave me so much.
But there are so many openings for Class A CDL drivers now. When were you looking for those trucking jobs?
@@terranceknows This was back in 2010 and 2011 during the recession. Since then I moved back to Colombia 🇨🇴 which has been my home for a total of 23 years and have had a better life overall here. That's just me.
@@TheEddieToro makes total sense. Colombia for the win.
your problem is that you are used to working only for hire for a salary. In America, whoever works for a bourgeois capitalist is forced to forge his wealth for a beggarly wage. But you can become a bourgeois yourself and work for yourself! Then you can live with dignity!
You lived in the two highest states
My husband has worked over 24 years at the same company- Pepsi
Started at the bottom
Still at the bottom
Hasn’t had a raise since 2009
They call it tapped out
Which means any position has a top hour pay
Once a worker reaches that
The billion dollar company
Can shit on their workers
He has applied several times for higher positions
They never call him in for a interview
Instead a friend of the boss gets it
Funny thing though
They all quit the company in a year or so after
They got the promotion
They take the knowledge they got
and go to another company
He’s at the wrong Pepsi plant.
@lol Could some of those migrants who have moved here over the past year possibly want that job?
Its not about what you know, its about who you know. Its been like that.
someone above him does not like your husband AT ALL he should have left that company years ago
@@nightfangs2910 Agreed. That's what i was thinking.
I worked for Pepsi for 5 years back in the 90s. I loved my co workers but hated the company. I was treated pretty crappy and so instead of complaining for the next 20 years, I quit. I decided that after that experience, I wanted to work for myself. I decided to get a job in the construction trades and I bounced around a bit learning all I could about everything. Within 3 years I got a contractors license and started building houses. Today, I still build houses and remodel very successfully. So my advice to the younger folks out there today is that if you want respect, start your own business. Like the economic ninja says.
Yesssss
Exactly!! 💯
Just because young people want respect doesn't mean they're gonna get it. You cannot demand respect. You gotta go out there and work for it, such as starting your own business then you can work how/when you like.
@@terriesmith2616 Younger people seem to think that they are entitled to respect and they arent getting it because of capitalism. So there answer is to get it from the government I guess but I find that laughable. Respect is never given it has to be earned no matter what. Nothing can change that.
YES!!
Construction workers do a dangerous job for min wage .
Housing is artificially high. If wages in the local area can't support the prices it's a bubble.
Keep up the great videos Nick. No matter what your political stance is, people need to be talking about these issues!
I think even Nick would be happy if voices with different political opinions than him made similar videos out there, I wish. it'd be more balanced that way, people on the left are very tense atm in America.
Nah, tell Australia they're a prison colony instead
Stanley the Truth Hurts! But we need it.
@@thhanh1003 I grew up, with a very hippy aunt and a conservative grandfather. Now, they didn't always agree on everything, but they did sit down and have constructive arguments. That's what has been lost in America. There is no path forward, until via discussion and planning, a path forward can be plotted. You're never going to get that, so long as corporate America's money continues to control congress, and public opinion.
@@Stanley-px3bt 👏🏾 so well said C.
A big reason why it's become so hard to make it into the US is the extreme financialization of both commercial and home real estate. It's designed to keep home prices and rents as high as possible.
Today, even when you have "useful" academic credentials and marketable job skills, it's become very tough to make enough to keep your head above water in many cities, and if you DON'T have a college or trade school degree or good job skills, then, you're REALLY screwed.
Wages and salaries aren't able to keep up with how rapidly housing prices keep going up. It doesn't matter how well you manage your money, more and more people aren't able to make a living today. Today, we're seeing more and more hyper-educated, hyper-skilled, hyper-experienced people who are barely getting by, and if you AREN'T any of these things, then, you're REALLY up the creek.
And this is when you're a straight, white male with no substance abuse or mental health issues. If you're anything other than that, then, the deck is REALLY stacked against you.
We've been seeing a profound concentration of wealth into the hands of fewer and fewer people and some people have a strong vested interest in keeping it that way. It doesn't matter what their political persuasion is. They'll raise an army of 100 million demons on earth before they see any of this changed.
The truth is more and more Americans have been finding better opportunities for growth outside the US than within. This is how bad things have gotten here.
Couldn’t have been expressed better 💯
Yes I see this too. Working class wage slaves are being
Taken advantage by the
Elites of the companies
The wage slaves work for.
America is unaffordable
For working class. Plus
Health care for women and
Children is dangerous. Living
In USA is dangerous place
For women and children.
@@marshamcdonald1475 Yes, the US is definitely a dangerous place for women to live in for many reasons and even more so for women of color.
Exactly! This is a very accurate depiction of what is occurring.
I've got an MBA and management job with a big company, and by wife works, and I still work a part time valet job on the side.
Also working your way up at companies DOES NOT EXIST in todays America. I’m on my third job in three years cause one company laid me off, another said I did great work but they didn’t want to extend my contract and now I’m at my third. Hoping this one doesn’t fail
last i checked, boomers were out buying RV's , fueling up at $150.00 a gas tank, to journey off to spend on those credit cards, the gen now wants to push a button on the screen with there credit card in hand, i hear the door bell, my neighbors geting hand delivered food from uber, 5th month in a row nightly. america spent a lot !!!! were very spoiled here, no wonder the borders are packed !!!!!
Sign of oligarchy.
The one percent owns the ninety nine percent of the wealth.
Taxes are killing me. I got a sizeable bonus from my job and had to pay almost 1/4 of it in taxes. It doesn’t pay to work hard to try and get ahead. I hate it!
You are fucked up unless you are sarcastic
They taxe you yet they still make you pay (or just never use money) for health road or education
They prefer to use these billions to send your military in other country to get cheaper oil or food
Welcome to america, its a game and you fools have been tricked you are a slave. because you dont work you will starve and go homeless how is that not slavery ?
Bonuses always have a lot taken out. You'll get it back with a larger refund. Since you don't normally make that much money each pay period.
I thought I wanted to get out of it and so I joined the military at 33. It wasn't bad for about 12 years but then I got out. Overall I'm okay now.
Even if you have a home that's paid off you've got real estate taxes that keep on going up more now than the original mortgage
Annual property taxes that keeps on increasing too.
COMMUNISM!!!
@@MichaelGiordano777 still high... Pre 1995 is different
therefore it is necessary to urgently move to the trailer park - there is NO property tax
@@perisher1976 They'll screw you over with lot fees. The only way to win with a trailer is to put it on your own land.
You cannot say young people are lazy and need to skip college. Lots of high paying jobs in tech and medicine do REQUIRE at a minimum a bachelors degree to even get an opportunity for an internship so you can eventually “work your way up”. It’s a lot smarter for kids to just start a social media business (which requires being on your phone) if they want to forgo a college degree. But don’t call them lazy.
"Start at the bottom" is fine if there is something above the bottom. If you move from one job to the next and your skills don't transfer and you're still at the bottom, there is only the bottom. Imagine being a kid in school and you are in the fourth grade and you transfer schools and have to start in Kindergarten again. That's what many people face in the job world. These kids who don't want to work, yeah perhaps they are lazy, but many of them aren't suckers. They don't want to play the rigged game. If there were clear steady moves up, we wouldn't be seeing this kind of pushback.
@@bigvalley4987 Sure, it is a "pick your poison" kind of dilemma. I think that's why we need to find a way to build a game that isn't rigged. Why do we want so many people picking their poison when they could be contributing something, and building their lives up into something meaningful. That's good for them, and everyone else. Imagine all the talent and hard work that is sitting on a couch right now doing nothing. I'm less angry at the idea that people are "lazy" and more angry that millions of people aren't hitting anything close to their potential.
How can everybody steadily move to the top though? Everybody can't be at the top, or even the middle in management because there's only a few jobs needed per company at that level. Also, the more you move up, the more that's demanded of you, and the more likely you are to lose your job if you don't exceed expectations. It's not a fairy tale being in a high position for a lot of people. Sometimes you have a lot more job security and freedom being a little lower on the totem pole so to speak. But that being said, I really do not know the answer about how a person is supposed to afford these crazy rents and home prices. I do sympathize in that area. I'm lucky...very lucky...in that I live in a rural area and bought a cute little fixer upper house and I've put cash into it over about a 6 year period and I have a crazy low house payment.
@@rogersmith7396 So join the military problem solved.
@@lynnsmith4 Everyone won't move to the top. Some will. Some don't want to, and that's okay. The issue is that the ones who want to have some forward momentum aren't getting it. How many people in any given company get fired, quit, retire, die, etc, every year? If people move up to fill those positions, others can move up to fill those, and so on, all the way down to new hires at the bottom.
@@cbalan777 There's no reason why a company wouldn't move someone up unless they've saw traits or qualities in that person that wouldn't work in the next position. Attitude is a whole lot more than a lot of people realize.....especially as you move up the ladder because you have a whole lot of people wanting those jobs. So who are you going to chose to have to deal with in meetings, an entitled brat who all about what's in it for me or someone with a good attitude that is more about what they can do for the company.
My apartment in a Minneapolis suburb was just sold and has a new management company they are raising the rent $500 on the one bedrooms raising pet rent and garage as well this type of stuff is happening all over the country it’s insane. I’m not really sure how people are supposed to get ahead
Don't beat yourself up you can't and you can't millions of you work your way up to something that doesn't exist.
It's a planned genocide, people won't figure it out for a few decades tho
Yeah, I just bought it, would have been nice if you woulda cleaned it better when you moved out :(
@@PhiloFery Could be? 😱 🇺🇸😎😎🌎🌍🌏🌋🌞🌝
We’re not going to get ahead.
Kindly exclude me from “homeless by choice.” If I were physically able to do so, I’d gladly work 80 hours. At age 60 in poor health, it’s impossible.
May I suggest something? Can you get on Amazon mturk? You can make some money of the to buy food and you can look into bike trailers if homeless homeless and not just living in a cat
@@salometipsandtricks2786 Meow? A bike trailer? Implying I should be able to ride a bike, as in motorcycle or bicycle? You’re kidding, right? I have trouble walking and standing. I couldn’t get on a bike of either kind.
Kid's think: Who wants to work when they see old people who slaved all their lives just to be homeless and treated like dirt in the end!
I lived in NJ my whole life , I escaped high taxes and over crowding , I moved down south , my property taxes are 300 a year , I bought a 3 bedroom ranch on 2 acres for 116000 dollars
Wow your lucky
Smart
@@20maxilo ** you're **
Where??
What happens now has occured throughout history. The main thing to remember is that you are the biggest influencer of your own destiny. Can't make it where you are? Move to where you can. I left New York in 1981 because working 60 hours a week barely got us by. I found a much better situation in Orlando, FL.
Bottom line. If you can't make it where you are, find a place where you can and go there.
A lot the problems in America stem from how we build our cities. American style suburbs are not sustainable. The sprawl causes the cities to become massively insolvent and the people to become car dependent which is extremely expensive for the poorest Americans. The reason urban living is so expensive is because of the lack of high and medium density housing in the country. If we can start improving the way we design cities and build first world transit systems like every other developed country, there will be a lot of improvements.
Agreed we are facing the reality of decades of bad decisions.
A lot of people don’t want to spend their lives in crowded, high-crime, high-stress cities. We don’t owe it to the cities to stay in them and give them our tax dollars.
@@aequoria2949 why high crime? Why is the culture of this country so consumed by crime? Why is it that in other nations of the world that have around a similar quality of life comparable to that of the United States do you see less crimes even though people tend to live in smaller spaces and in much more crowded urban centers?
Lack of medium density housing.
Lack of mix-use zoning.
Such a high-contrast country.
@@aequoria2949 aequoria IKR
You could say this to our real estate market in Canada as well, it's bonkers in Ontario and BC
I am in Halifax. Our market has gone up 50% in two years. It is expected to go up another 25% this year!
The irony is that our problem can be easily fixed. Lower immigration, loosen zoning laws (allow for higher density), and tax investors. Slowly there's too many homes, and thus lower home prices.
I live in the Kootenay region of BC and rent and the price of homes has gone through the roof . Rental demand is very high and so are the prices.
The same here in Australia. Housing is viewed as a financial asset, not a home. Prices are massively inflated across the capital cities. We have no low cost/ public housing programmes.
@@Ben-jq5oo I grew up in Sydney and moved to Townsville where the cost of living used to be cheaper. I moved to Canada 6 years ago and while rent is cheaper now I wonder how it will be in the future. Food is also going up allot here too.
Why would anyone want to bring kids into a world like this today. Currently I certainly don't.
And yet you'll be called selfish and a sissy for not having kids in these times, and then be told how much our ancestors had it harder living in the harsher medieval ages, and then the plague, and yet still pumping kids in those times only to have them die horrible deaths.
The fact of the matter is, kids have no say when, and where they would be born in, but life is never fair, right? So therefore, it's justified to bore kids into this world only to make them suffer with you.
No point to bring people into this world and let them suffer. If you're not happy do not call other on this path.
Not having children is what I'm most proud of in my life. I'm 64 today. If i had children, we would be living in poverty. No, thank you!
Yeah this is the capitalism people where cheering for
@ Michael-ud4wr-I totally understand your viewpoint on having children in this current lackluster economy and society!!-and I am a mother of 5, and grandmother of 6!-as much as I love children, if I was a young woman now, in 2023, I would consider very carefully about having kids in this insane & very expensive environment!!-**
Well, given that a small apartment in the midwest outside of a literal ghetto would cost about the entire after-tax salary of someone making $14.50/hr full time, I don't think it's unreasonable to call it a paltry wage. Blaming the poor is a time honored tradition of those with more, but it's not really the source of our problems.
👏
Min. Wage is supposed to be enough for one person to support themselves and a family. Now you have to have two people working and still can't afford rent.
@@rogersmith7396 I think as Americans we need to adapt to other cultural norms. I keep telling my family we should pool our resources into buying a home together so we can all save while working, but talk is cheap & no one wants to listen common sense.
@@b4rs629 a lot of immigrants to America do just that and get ahead as a result
@@blucantrell2 Pretty much. As Americans the whole get out of the house by 18-22 mentality isn't helping. The whole stigma attached to moving back home needs to end.
The guest around the 20:00 mark is correct however as someone who went through engineering school I can confirm if you are full time in that type of program it IS a full time job, your brain is fried and you cannot work a job that pays a living wage and do harder college courses. What pushes people to do this is they can't make living wages in lower paying positions, but now no one can afford anything. It used to be if you were at least an assistant manager level in retail or service industry you could afford an apartment and have a little in savings. That's no longer true in many areas. I have two STEM degrees and rent and even with no debt I would struggle to buy a home in this economy. The competition for well paying jobs is very fierce in this economy. The reason people choose to do college full time is because of all the extra fee colleges tack on per semester, it's cheaper sometimes to do it full time vs part time.
I think he’s pointing out some real and important issues, but he’s clueless. I’m his age, have an engineering degree and about to finish my masters, struggling, but mostly because I’m juggling too many things at once and because I haven’t been able to move out of California.
From what I’ve seen there are jobs, PLENTY. I get at least five job offers per week. My company actually has a chronic problem of filling their positions and it pays really well. People with six figure salaries choose to leave. They even lowered their standards for hiring. I can already guess some of the background of this fella, but kudos to Nick Johnson for having a nice conversation with him.
He wasn't talking about degrees where you actually can make money after graduating
@@rd24life Tell that to all the old homeless people living on the streets. In 2017, 40% of homeless were elderly. It's much higher today. There are many homeless vets who were forced to fight the war in Vietnam. Their lives were ruined in more ways than some whiny millennials who think life is a fairy tale.
Have babies. Invest in the future.
@@rd24life It must be miserable being you.
When the college basketball coach makes $12million a season, you know that college life going be expensive.
People are sick of being treated like crap at work. Also add to the fact that poor pay even raises don't outweigh this inflation. Why should anyone want to work? It's not just the younger generation too. "boomers" are being thrown out on their ears because of outrageous housing and they still work!!!! . Unless these greedy corporations will loosen their pocketbooks and be more inclusive of their workers they'll lose in the end. I am in favor of strengthening unions to reform these companies. And small businesses will not survive anywhere because of all the big box stores.
I graduated UTI in 2004. My first mechanic job out of school paid $8.00 per hour. Fast forward nearly 20 years and I now own a motorcycle restoration shop which is in demand, where I make $120.00 per hour. Kids need to learn, you don’t know $hit coming out of school so swallow your pride and learn from those whom came before you. Once you master a trade, you can write your own ticket.
Agree college gives the tools, but you don't have all the knowledge, with practice and advices from other workers can do it.
I get SSDI, my 73 y/o husband gets a state retirement plus Social security retirement, plus can’t fullly retire. He works 20 hours a week. Now we have one vehicle with a car payment, and a house payment. We have a small savings account $5000 or less. We are lucky to be able to live and pay our bills. We rarely eat out. This is sad.
That's the kind of savings I keep in my bank account as a high school and some college educated 28 year old on minimum wage... So yeah that's pretty lousy and terrible treatment of our seniors.
Downsize to a smaller house and get rid of your car payment.
@@deeandrews7051 Yeah, if you're not employed anymore just buy a good used car in cash. I bought a 2011 Jetta for 10k a while back. Runs good, looks good, doesn't cost monthly. Had a few issues to fix cause of its age but none were vital. One window didn't roll down and had to replace the seat heaters. Everything else? Perfect.
I'm only 28 so it's nice to outright own the car.
Jamie, you should have saved, invested and managed your money better. Unfortunately it is nobodies fault but yours that you are in this position. That is the truth, but I still wish you and your husband well.
I don't care to work anymore. I use to over work myself and still came up short I ran another man's business without his help and when I realized that I quit.
America is this way so I don't care to work in America. I fully intend to sell my home , stop buying cars from Americans .
I don't want to eat all the chemicals in the food from the Americans anyway.
I'm leaving this country without a doubt. I'm not going to school or college here because I don't plan on spending my time here , why set up , this place sucks.
Where you at now?
All part of the democratic😈 (dc) new world 🌎 disorder ideology syndrome conspiracy theory. To bankrupt & socially ruin the U.S. stability. Good luck relocating else where. Canada isn't very far away.
I remember growing up in the 80’s with the high interest thinking that I never will be able to buy a house, but I did, paid it off and bought another. The biggest issue is the Elimination of the middle class. We have too many overpaid managers, and too many entry level low paying jobs. Many mid~level jobs are exported to foreign countries so upper managers can make even more money. Plus we need developers to create more reasonably priced housing and not going for the higher priced markets.
I have a friend with two adult children at home, yet both make enough to move out. I also know a couple of people approaching retirement age that never moved out and still live with their parents and they make enough to move out.
I agree, most managers & supervisors are glorified babysitters with no skillset other than to bust the balls low level workers. I'm pretty sure any low level employee who actually knows the ins & out of a company could run it better than some degree dipshit who has no care for the people they manage.
Honestly, the whole moving out of a parents house stigma will be eliminated soon &become the norm due the economy.
This whole western culture of Get out my house @18-22 & be independent in an economy like this to me is retarded & isn't sustainable.
you sound sure about their pay and cost then i guess you are one of those that has no empathy for the homeless . They must just be being lazy
My 28 y/o son made $185K last year at the shipyard. They only pre-qualified him for $285K with his veteran benefits. I saw nothing decent for him less than $450K in Hampton. So he's still renting.
I only make $80K as a trucker, not enough to qualify for a decent house here in Atlanta that's quickly approaching $400K. Thankfully I'm remarried and my husband's mortgage is paid off cuz I may have been living with my mother too.
@@kfrancis1872 i get just under $ 11,000 per year with medicaid A and B $ 500. deductible per year and pay over $100. for two inhalers a month. I am a burden to family and friends and i know i can't afford to do much of any thing , so i get children staying at home your making up middle class your kids at home are making your lives better than you know as long as they are helping carry the load. If you did the math i get $ 9300. rent, lights, gas, water,food, phone and car insur. i guess all i am saying is quality of life matters also .
@@darleneclarke4001 The true reality of the times nowadays. My 27 y/o just got his MBA in finance and has been living with my mother through grad school. Wasn't his initial plan...but that's the only was he could get his Master's degree
Rents are just too high and there's too many people that aren't educated. This is a disaster!
I don't know if it is a conspiracy. But the US education system had been dumbing down kids. Now, they are walking adults who can't think for themselves. There is a theory that the politicians do that for control. It is working, regardless.
@@MichaelGiordano777 ...if you don't see how things are degrading fast around you, then there is no hope convincing. Just blame the GOP for everything.
ive been trying to start a business for 2 years now, without a whole lot of help. so far, i have absolutely nothing to show for it. 'taking control' if your destiny only works in the world of fiction.
Unless you know people who can navigate all the bureaucratic nonsense, yes it is a futile venture. Can't tell you how many storefronts I've seen come and go in my small town. Something like 50 percent of small businesses fail within 3 years and 80 percent within 5 years. Newest storefront I've seen pop up is a "metal art" store(not sculptures or anything original, mostly etching and engraving). I give it 2 years. Seen 5 different businesses at that location in about 12 years.
You have two years of failure to show for it which is two more years than me. Good for you.
Nobody really wants control. What we really want is wholeness. We want to matter.
There’s a reason why it’s called an American dream! Because you’ll always be dreaming about it and likely never achieve it fully!!
At least until your body is too old and broken down to do much with it!!
I talked about this with my good friend a few months ago. He's in construction business. He says these days "everyone" wants to be a journalist, computer nerd, or a TV star. Meanwhile businesses like his can't find enough qualified plumbers, electricians, framers, roofers, welders and so on. A well experienced welder can make $180k per year, but not many people these days want to do manual labor anymore.
Thats a lie . My husband used to be a welder , it used to pay $40 an hour . It's a min wage job now . You're a LIAR.
You spent these kids into 30 trillion in federal gov debt , half their incomes going to taxes to pay for Your good time you had . You've left them toxic islands of plastic trash twice the size of Texas to clean up and debt and You're an adult , attacking children . And you're BRAGGING I hope they turn on you. Eat the rich .
@@subtropicalpermaculture "Eat the rich?"
You will NEVER be one of "the rich." Why? Because you spend all your energy on hating successful RICH people. I can feel your vile hatred seeping through your hateful comments. Your channel is empty. You are just a communist troll.
@@midcenturymodern9330 why would I want to be eaten ?
@@midcenturymodern9330 so funny ..I own my home on the beach free and clear so whatever..bezos is making 40 million dollars a minute off American workers he's paying $5 an hour after taxes you silly debt slave you think you're rich ? You will never be Lmfao
I love this dude's honesty! Its a breath of fresh air to put away all the nationalistic and political bs to the side and look at things the way they really are.
He’s biased he seems to have hate towards liberals
Thank you
Lol wtf if you’ve watched a few of his videos, you know he is far goddamn conservative and hates liberal people and places
@@dan44zzt231 Proof?
I don't ...
It's way worse in Canada. Houses in the Greater Vancouver and Toronto area are all over $1 Million CAD. And it's not much cheaper in smaller cities like Calgary or Winnipeg, where houses are $600-700K CAD. Plus, our wages are much lower on average compared to the US. At least Americans have way more job opportunities that pay well and more livable cities they can move to compared to Canada. (Not to mention our insane COVID restrictions we still have in place)
And in Vancouver/Toronto, they always tear down smaller, older, ""starter" homes and replace them with big, new, even more expensive ones. The cheaper housing stock is being destroyed at a rapid pace and leaving fewer for beginning buyers. Then all the big new replacement houses force prices of the few remaining small, old homes to shoot up higher than anyone wants to pay for them.
At least you havee free healtcare and low crime rate America is worse
You should be happy that you’re not in America you don’t get broke by medical bills becuase you have insane medical bills though
@@hermeslein6614 It's not exactly free, we pay for it through high taxes. And the wait times to see a doctor or get surgery is very long. That being said, it's nice to not be gouged out the wazzo after you get your treatment.
As for the crime rate, yes, I agree, it's a lot safer compared to America...but we do have many sketchy areas in cities.
@@hermeslein6614 i was at the doctors office twice this month in a suburb near Detroit.
Both times, I saw Canadian license plates in the lot.
So much better in Canada??
It's Worse Now In 2023, Thank You Nick For Sharing This In 2022!
I am on the older side of Gen z, life feels hopeless in America. Stuck in a constant cycle of renting and debt. I can't save any money because I'm living paycheck to paycheck. I didn't even move out of my parents until I turned 21. Started most of my adult years during a pandemic. Idk how people stay positive during these times. I rather just kms than continue to be exploited and constantly being stuck in a cycle of debt. And I can't even picture a time when America was doing good because I was only born within the past 21 years, but I'm just a crybaby 21 year old. This wasn't the American dream I was promised in school.
It's very hard to stay positive you're not alone there. I'm a younger side of boomer generation though I never liked gung-ho boomers so made friends more with genX people. Firstly, forget anything you were taught. As my buddy Jonny Keen once wrote to me (he's got a booktube channel on yt) "In this country you have to educate yourself," and he's right and I have. This is a war of people of the flesh hating upon people of the spirit. Flesh being worldly goods, money, things, and materialism, people who enjoy your suffering, and abuse power (psychopaths essentially).. These are the people running Society, or more accurately, destroying society. And they hate people like me because they can't beat me because I am smarter than them. So they are going to try to take me down by making life so hard to live that I would also kms. But that isn't going to work. They also have made my life as difficult and miserable as they could, with low wages and high rents, so that I too have been chronically insecure about my housing, and so I have obviously not had housing. right now I am staying in a friend's studio/garage for over a year without a kitchen or a bathroom. Before that I was sleeping (w a buddy) outside a school where I had to leave by 6 am or get shouted at by some fat nasty school security guard. I only had half an apartment from 2013 to 2016, but was always scrambling to pay the 600/month due, not being on the lease the court made me leave when my apartment mate's gf moved in, then I stayed at a friend's a apartment for about a year, then scored a 500/mo room in a house of mostly drug addicts until 2018 until i couldn't make the rent anymore, that put me on the streets .
My downfall began in 2008 when they caused a financial "recession" (fancy word for terrorizing people on the margin) and lost my job (construction carpenter) and then my apartment. I was staying on job sites until I met an alcoholic gf who tried to get me to stay with her in the basement where she was living in her father's house (a kind of rich guy), ...long story, ended up doing 200 days in jail (misdemeanors). This was a result of not having my own place to live. that was 2009. then found a room in a boarding house but still unemployed due to this "recession," couldn't hold that more than 3 months, then another acquaintance/friend's concrete floor until Occupy 2011 had my own tent, then an OccuSquat, and other places I can't remember. And mind you I am college educated from a good second rate university, though I never got a straight up professional career going, always worked construction carpenter. I could go on, but my point is that what is going on is a straight up war on ordinary people. Forget all that BS they piped into your head in school. And forget about covid too.
Has knowing God helped me ? Yes. But I never read the b-i-b-l-e until I was nigh 50 years old , and that was in jail. I am no proselytizer, but Do find a way to value and cherish your life. Do not let these mofos get you so down that you give up. If you have to go homeless than you have to go homeless. It's not easy, it's terrifying, but it can be done, and amazingly can be empowering. I am not recommending it. I was street smart but I am a lot more street smart now. Don't let these mofos running their mouths (on television and elsewhere) about anything (school shootings? ) get to you. Block them out. They lie.
Now what is going on now , and been going on for a hundred years in earnest in this country has been a process of breaking down the structures of society. Sure life was supposedly "good" in the Fifties when everyone could get a job a wife a house a family etc, but that was only because the economy was still growing (and the mofos getting richer). Life was actually getting too good for the controllers, with people striking for higher wages and winning over industry, until 1972 when the corporate type mofos got together and said let's see if we can run our businesses out of China where labor costs are peanuts, and they did, that's when this country started losing jobs (factories, production here) because they began to relocate to China, and continued to be farmed out elsewhere (Sao Paulo Brazil, everywhere). I could go on but stop it there.
what's going on, suffice to say, is of biblical proportion, the exact same peoples as ran the show then running it now. some people get fooled into thinking they are aliens, and they certainly seem like aliens but no, they are just insane whack jobs (Bill Gates, Klaus Schwab, etc).
I will now quote to you from someone you have never heard of, Otto Weininger, about God and believing in yourself (from On Last Things):
"It lies in the very concept of God that it cannot be proven, but only believed."
"If I am to have value then God must exist. God must exist for me to be. If God does not exist then the problem of value has no more relevance for my life, for then I am nothing, and I do not even have a reason for humility, for that too, then just presents me with my worthlessness in the face of value."
God must exist for me to be; I Am only insofar as I am God."
Don't lose faith in yourself.
If you are going to take a look at the b-i-b-l-e then stick with the NT, and start with John 8.
Who promised you anything? I think this is the problem. Younger generations feel ENTITLED to something. I'm gen X, the economy crashed when I was entering the workforce. We weren't promised anything. We worked 2 or 3 part time jobs to pay for the apartments we shared with 2 or 3 roommates. We drove old beaters that we inherited and didn't have cell phones. It was absolutely awesome. We were flat broke but did it in style. Yes everything was cheaper then but I think the minimum wage was like $5 an hour!!!! I was in and out of my parent's house until I was almost 30. None of this is new, the only thing that is different is the sense of entitlement.
@@TrpleAgnt2011 I won't pretend to understand where you have been, but I have a few friends that know the road well. Wish I could cook us a good meal and sit down to talk for an evening and understand you more. You are obviously a survivor... I have never faced the challenges you have, but I respect and admire your will to carry on. God bless you.
You have a long road ahead of you, and many more reasons to be optimistic than you realize. Don't focus on all the material crap the world says you must have. Take some time to focus on what you like to do, what you are good at... whatever that may be... and look for ways to make that your focus and your goal. If you have to spend some hours... maybe hundreds of them... maybe a few thousand of them.... doing work you aren't passionate about, so be it. i'm a baby boomer who has enjoyed a great life... and I look back on pumping gas during the '73 oil embargo for $1.80 an hour with a smile. Hang in there... it gets better... and you can make it happen.
@@billyjoejimbob56 Thank you Buddy, I am good now. I was just worried about the commenter above me. God Bless.
In the last year the average American household had about $5000 in money simply evaporate into thin air thanks to out of control inflation, and higher taxes. Again, that’s $5000 on average for every single household in America that’s simply gone from inflation and higher taxes. That’s a lot of money for every household to loose in only one year due to inflation and more taxes!
Thanks to Biden and his administration
SOCIALISM!!!
Here in central Texas all eight counties are way overpriced, a good half million here in Austin, easily, shortages in will co. Outsiders are easily scooping these up, used cars are selling for 28 grand! Dollar tree is now 1.25 store, now live way below your means! Going to get worse you wait!
@@mara6067 Don't forget to thank the compulsive liar. tax cheat, seditionist before him who left the pile of sh** he has to fix!!!
Oh Nick! I have always enjoyed all of your videos. This one hits the nail on the head. America is being destroyed and is not affordable at all anymore. Even Florida prices doubled up in 2 years. Our kids have very sad future. How will they be able to survive through this crazinessand inflation? And what can be done to stop this insanity???
A social democracy also known as democratic socialism. Basically the economic system that all of europe uses. But it's too late US is now a 3rd world country controlled by a rich oligarchy.
But the moment you say socialism for whatever reason this country likes to take advantage of misinformed people and say it's communism. Even though it's not even remotely the same.
@@Dominency I agree! 👍
@@Dominency Don't be so sure. Here in the UK we are seeing almost exactly the same pressures Nixk highlights in his video about the US. The biggest difference ia healthcare.. but all the other things like house prices, kids unable to move out, long term college debt, worthless degrees, degrees for jobs that never used to need them etc.. it's exactly the same.
Bottom line is over population (through decades of uncontrolledimmigration).. that's what's ruining the UK.. and I think it's probably going to do for the US.. but you do have a lot more land.. but then the economics of expanding suburbs (US's favoured housing model) is catastrophic as they have a rural population density but city like infrastructure costs.
Florida will soon find its Housing Market looking a great deal like California's . It's becoming a victim of its own success very quickly .
@@zx7-rr486 That's because the UK has trended torwards our economic system for a good while. I mean look at brexit as a good example.
I really hope the UK can reverse the damage as well. And to push for more democratic socialism. The working class deserves a decent life.
In half of the US states, the minimum wage is less than $7.25 an hour. A couple of states have even lower minimum wages, like Arkansas where is is a pathetic $2.63 an hour for tipped employees. No wonder people don't want to work for crap wages and endure abusive employers. Wake-up! Those days are over.
Not only in America but the whole world is getting way too expensive, you can thank governments and the elites that control them
And the GOP that is in the pockets of the 1% and large Corporations in America.
In other words THE WEALTH HAS ALREADY BEEN STOLEN.
It's a mess out here..
The middle-class is being undermined on so many levels. Our Democracy and justice system also happens to be being undermined as well.
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Change is inevitable.. For better or for worse.
stop Democratic policies and it will reverse all the terrible things happening today
@@rogersmith7396 I laughed for a sec then I got chills from that comment. this seems to be our reality today
@@rogersmith7396 I like the vision but I think we could spare a few of them from the fire pit lol
@@rogersmith7396 if this was dodge ball and we're picking teammates your my first pick lol
The dollar tree going up broke my heart… then they stomped it when they added $2,$3,&$5 sections 😫😫😫😫 WE ARE DOOMED
Some careers like healthcare seem like you had to have been raised and conditioned to accept abuse from early childhood to be able to endure long enough to retire. Hospitals are AWFuL places to work. The kids coming out now have clearly not endured much child abuse so they can’t just start accepting it out of school. I can’t blame them. I personally find their mass rejection of toxic workplaces and sick bosses wonderful. Everyone deserves respect for just being human.
Hi...how are you doing today, hope you're good and family okay too and how's the pandemic over there weather
I worked in nursing and had patients hit me. The money can be good in healthcare but you put up with a lot!
I started out living in San Diego paying $1640 on rent in 2019 I was doing pretty well. Then I went back to the hometown I was living at before that which is Cincinnati paying $1170 a month on rent and then once the one year lease was over they were increasing the rent to $1350 and that’s because so many people from California and New York are moving there and raising the rent and because I was sick of all the Californians moving here I decided to move to Miami and I was paying $1425 for a 380 ft.² studio apartment where everything was it walkable distance then I come back to Cincinnati and now the average rent here is $1300. And the prices to everything are increasing everywhere and one huge reason is because so many people from California are moving wherever they can find that affordable. But long answer short. The reason it is too expensive to live in America and is the reason people don’t wanna work is because inflation is on the rise and nobody can afford to live on minimum wage let alone $14 an hour. Pretty much nothing below $15 an hour is a livable wage and that’s why the McDonald’s employees were protesting about $15 an hour. It wasn’t because they were greedy and wanted more money. It was because minimum wage is no longer an affordable wage. And people don’t want to work because they don’t want to accept jobs that aren’t a livable wage. I looked up Third World countries and did research on them and how they live and their cost of living in jobs and I compare it to America and it’s not very different. What’s heartbreaking about that is there are Americans here that will have that governance brought here. And paying employees low wages and overworking them is bad for capitalism as a whole. Because when people don’t have time and money to buy things. The economy would grind to a halt. The way to have a strong and stable economy is by making sure an average worker has cash and free time! I also agree with what economic ninja says. Instead of arguing fighting and hating on each other because times are tough. We all need to work together and fight for our country and our freedom.
Ha, I’m from cincy but I move to Columbus for an X and the housing here is also rising all around town but if your a two person income house hold you’ll be okay. but you also have to consider transportation cost and mostly everyone here prefers too drive to everywhere.
For me I just like simple studios or one bedroom apartments at most. I’m not real big on two bedrooms are luxury areas I just like an area that has a bedroom to sleep in a kitchen a bathroom and a closet and a place to park my car lol. But it seems like that is nearly impossible to find nowadays
Those minimum wage jobs like at McDonald’s are not supposed to be for supporting a family or even for a single person unless they still live with there parents. Those are low paying jobs for people just entering the work force or older people working for something to do or to supplement their social security. What I tell people is get into the trades. I have two advanced degrees from a terrific university and yet I made more money wearing a tool belt than I ever did with those degrees lol
You have no idea how right you are, I lived in Egypt for almost 3 years and just got back 7 months ago, I kept telling my
Husband that working a normal job here isn’t quite different to working in Egypt because there you make so low pay that you have nothing remaining to save but here you make more money but everything is so expensive that you still have nothing remaining to save, so it’s actually the same!
Life is cheap in Vietnam. But the attitude towards those who staged the war of 1965-1975 is bad!!! :)))
Nick Im an old retired boomer in Mexico. Sold my small midwestern old house in midwest and came here. I worked in call centers all my career. You can work remote here and make what would be a good salary based on costs in Mexico city. Healthcare is cheap. Used to be surprised that more social security retirees didnt come here. Now im surprised more younger people dont. Dont live in luxury. But feel safe in middle class neighborhood. Also no Midwestern winters
John!!! Great stuff!! What do you miss the most here?
@@NickJohnson Not really anything. Between TH-cam and my girlfriends cable TV I can see NFL and sports. If you have and want to spend the money México City has everything that I would want. Lots of midwest people go to AZ or Florida Carolinas to retire. Depending on where your Kids live thats a plane ride. Same here. Mexico City direct to any large City USA.
Your vids are great. You go out and Just see what you see. Most reporters today have the story the want to tell written before they go out and look.
hi john! i’m doing the same. saving up as much money as i can right now & then moving to mexico, i will work remote as well.
@@cassanddrrrraaa Good for you. It can be done. Check out youtube lots of vloggers can give you tips
@@cassanddrrrraaa what type of work?
Im in the UK, the only way you can afford a house in a good area is by winning the lottery. People dont want most of their wages going out just to keep a roof over their head, while working 60 hours a week. Its an existence for many, a depressing life. I was earning above average salary yet still struggled to buy anywhere decent. I left the job because there didn’t seem a point. Im not claiming benefits I just need to think where my life is going. Those who bought properties no later than the 1990s don’t know how lucky they are.
I don’t think you should necessarily have to hustle while doing school. That sucks. If school is all you have to worry about as opposed to worrying about school _and_ rent…you could do a lot better.
(I am an expat living abroad here is my opinion)
I do not think that all of the recent graduates are lazy to work. The issue is why would you even work for a job that pays 2,500 a month when you have to pay $500 a month in university loans, over $1000 in housing a month, $200 for car insurance, $200 for a car payment, then you have gasoline to pay and food bills to pay. at the end of the month you barely have enough money to break it even. The issue is not the jobs paying too little, it is that everything is WAY TOO EXPENSIVE!!!!
It's so sad to see the amount of growing homeless. It's scary.
We own a modest suburban house. Three or four times a day I get calls trying to buy my house... it isn't for sale!!
Oh yeah, I bought it by myself... only one income, in 2006 when the minimum wage was $8-something.
I doubt you're getting that many calls