Stories
Slash Boxes
Comments

SoylentNews is people

posted by on Tuesday February 07 2017, @03:32AM   Printer-friendly
from the can't-get-ahead dept.

American greatness was long premised on the common assumption was that each generation would do better than previous one. That is being undermined for the emerging millennial generation.

The problems facing millennials include an economy where job growth has been largely in service and part-time employment, producing lower incomes; the Census bureau estimates they earn, even with a full-time job, $2,000 less in real dollars than the same age group made in 1980. More millennials, notes a recent White House report, face far longer period of unemployment and suffer low rates of labor participation. More than 20 percent of people 18 to 34 live in poverty, up from 14 percent in 1980.

They are also saddled with ever more college debt, with around half of students borrowing for their education during the 2013-14 school year, up from around 30 percent in the mid-1990s. All this at a time when the returns on education seem to be dropping: A millennial with both a college degree and college debt, according to a recent analysis of Federal Reserve data, earns about the same as a boomer without a degree did at the same age.

[...] Like medieval serfs in pre-industrial Europe, America's new generation, particularly in its alpha cities, seems increasingly destined to spend their lives paying off their overlords, and having little to show for it.

Capital must be extracted.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by VLM on Tuesday February 07 2017, @04:43PM

    by VLM (445) Subscriber Badge on Tuesday February 07 2017, @04:43PM (#464138)

    It plugs into a regular 120V outlet only to run the controls,

    Ah understood. Spin the drum too of course.

    Complained that the clothes dry all stiff and wrinkled,

    Hard water? I hang stuff outside sometimes. Might fade from sunlight or get dusty before its even dry but I never ran into wrinkly-stiff

    An interesting concept to think about when the weather allows it is tumble dry is about the same as hanging the laundry outside and uses no energy to heat (well, if its cold or hot out the HVAC will work harder...)

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 0) by Anonymous Coward on Tuesday February 07 2017, @10:50PM

    by Anonymous Coward on Tuesday February 07 2017, @10:50PM (#464345)

    Gas should be all you need. Use an alternator to power the spark plugs or glow plugs.

    As a nice option, you could have a starter motor instead of a crank or pull cord. This will require adding a battery.

    The same goes for ceiling fans, blenders, etc.