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(CNBC)   Good news, everyone. Baby-boomers won't be retiring from their jobs anytime in the near forever   (cnbc.com) divider line 168
    More: Sad, baby boomers, Boston College  
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10049 clicks; posted to Main » on 15 Sep 2010 at 6:11 PM (4 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2010-09-15 08:29:47 PM  
Sometimes you're up, sometimes you're down.

Be nice to the people you meet on the way up, because they're the same people you're going to meet on the way down.

The economy does suck. "The jobs are out there, it's just that [insert simplistic, patronizing garbage here]" A lot of people want to work and keep trying the next most likely-looking strategy to get themselves back on their feet. A lot of times it's a plausible strategy--that doesn't pan out. Then they have to switch gears and try the next most plausible strategy.

Cut the patronizing, self-congratulatory crap. There are always deadbeats in the world. A whole lot of the people hurting right now are not deadbeats.

Me? I've been up, I've been down, I've learned to never, never, ever give up trying. And that unless you're very, very lucky, you're going to spend some times in your life when you're in a bad situation and you have to put that "never, never, ever give up" maxim into operation. Pretty much no matter who you are.

If you're too smug to realize that, you're either very young and inexperienced, or you've led a charmed life and will likely crumble the first time you hit really hard times, or you've forgotten what it was like to fall into and have to fight your way back out of hard times.
 
2010-09-15 08:30:03 PM  
Fizics: Honestly? If it wasn't for the Baby Boomers, this country probably couldn't function anyway. My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today. We simultaneously ended the Vietnam War and purged corruption from The White House and somehow made room to enjoy the greatest concert of all time. What came after us? Oh yeah... rap.

People wonder why we are still in the workforce, haha.


There's nothing uglier than an aging hippie.
 
2010-09-15 08:31:17 PM  
Oh, and a MAXIMUM of about 1% of the "Greedy" boomer generation is important enough to their business to deserve to keep their job, and keep some of the perks.

MOST do not fall into this category.
 
2010-09-15 08:39:05 PM  
I'm still wondering why they put Bernie Maddoff in prison when his ponzi scheme was small potatoes next to the one the government has been running for the last 60+ years? (When did Social Security start anyway?) Bernie only had willing victims, the government extorts their 13% at gun point. Do you think that may have something to do with them wanting gun control? Afraid their victims might decide to shoot back?
 
2010-09-15 08:43:12 PM  
Inverter2: Great Justice: Inverter2: Great Justice: So, Im currently 26, and I have been saving since the age of 18. My retirement savings aren't huge, but they are larger than anyone else I know who is my age.

Am I going to get screwed out of my carefully planned retirement somehow?

No. You're rich.

No, im not. I do Data Entry. I save money by riding the train instead of driving a car. I haven't gone on vacation since my parents paid for it. Really, I could pretty easily blow my whole retirement savings on a solid 3 week vacation. (and no, my parents have never taken a 3 week vacation anywhere, ever. We never actually made it off the continent for any of the family vacations)


/I constantly feel as though I am a sucker who is being taken advantage of. I remain convinced this is better than feeling as though I am a worthless leech who is taking advantage of others.


You should move to Germany or Sweden were that is respected instead of shunned. I feel for ya. I know far more people that bought a house at 23 or spend their partners money like crazy and yet feel pious because 'they are reaching for the American dream.'

The only happy people I know are rich and astonishingly self centered.


I got a house at 23.... though I worked my ass off to do it and have (and still do) live within my means.

But yeah, i know the 'american dream' is out of reach for most unfortunately and im probably the exception.
 
2010-09-15 08:44:19 PM  
ex-nuke: I'm still wondering why they put Bernie Maddoff in prison when his ponzi scheme was small potatoes next to the one the government has been running for the last 60+ years? (When did Social Security start anyway?) Bernie only had willing victims, the government extorts their 13% at gun point. Do you think that may have something to do with them wanting gun control? Afraid their victims might decide to shoot back?

Yeah! Not to mention the amount of taxes we pay for defense, law enforcement, roads, schools, research, foreigners, etc... all just one big ponzi scheme. All that shiat does nobody any good particularly the military in my book the only good US soldier is a dead US soldier, that way we don't have to pay any benefits.
 
2010-09-15 08:48:34 PM  
We can't afford for everybody to not work from ages 0 to 20, and then not work from ages 65 to 85.

This shouldn't surprise anybody.

That system was bound to collapse of its own weight eventually.

Yes, once you're a grown up you're going to have to work until you physically can't, unless you can manage to become independently wealthy. It sucks. Welcome to life.

The alternative is jumping off a very high spot to a very low spot, or similar. Not that there's anything wrong with that.
 
2010-09-15 08:52:45 PM  
Retirement? I'm going to have to work several years after death to pay off all my medical bills.
 
2010-09-15 08:54:55 PM  
puffy999: Oh, and a MAXIMUM of about 1% of the "Greedy" boomer generation is important enough to their business to deserve to keep their job, and keep some of the perks.

MOST do not fall into this category.


But enough of them DO to screw up everything for everyone else.

They are those bastard "investors" that want that last goddamn .5%. They'll do anything to get it... force the companies in their portfolio to outsource to India, lay-off their workforce, jack-up prices, lower wages, bribe politicians to give them tax breaks, pollute the environment, create paper-shuffling money-making schemes that add to inflation but do nothing positive to the economy...basically all short-term changes that screw the future generation.

All because their thrifty parents made good but foolishly gave them everything they wanted.
 
2010-09-15 08:59:01 PM  
Jobs aren't things that "exist" or "don't exist."

Jobs made by somebody else are things that exist or don't exist.

If you're in enough of a fix, you may get stuck having to create your own job. Which can turn out well, or can be grindingly tough (or both). Sometimes the suckosity factor of self-employment abounds. Sometimes self-employment is pretty good. YMMV.
 
2010-09-15 09:11:11 PM  
MBA Whore: Angel of Death 2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

WTF is this Baby-Boomer hate? Most Baby-Boomers I know have contributed a shiatload more to my life than people my age. Perhaps I am the exception?


Granted, these are gross generalizations and don't apply to every baby boomer but:

The massive increases in the US debt fueled by tax cuts every few years (as opposed to those fueled primarily by economic downturns) were driven by boomers. Boomers were 18-33 years old in 1980 and are 48-63 years old now. Because they are considerably more of them than genXers and genYers, they have been the dominant force in US politics for close to 30 years. They're responsible for the mess social security is in. Even Clinton - the first Boomer president and as much of an exception to the "party hardy" fiscal policies as we've seen -- only leveled things out a bit before Bush (a Boomer) threw it all to hell again.

Meanwhile, boomers, as a whole, have failed to respond to their increased take-home earnings gained at the expense of the future of the country by covering their own retirement asses. A few years back -- before the crashes, back when the Dow was in the 13000-14000 range -- the average retirement savings of people 55 years old was right about $50,000.

Now, due to their own public and private short-sightedness, they're depriving the millenials of their shot at something resembling prosperity by being unable to step aside and let someone else keep the economic engine going.

ex-nuke: I'm still wondering why they put Bernie Maddoff in prison when his ponzi scheme was small potatoes next to the one the government has been running for the last 60+ years? (When did Social Security start anyway?) Bernie only had willing victims, the government extorts their 13% at gun point. Do you think that may have something to do with them wanting gun control? Afraid their victims might decide to shoot back?

Social Security didn't work that way until a whole bunch of benefits were added during the 80s. Until then what you got out was based on what you put in. Politicians -- mostly in the baby boomer generation, I might add -- looked at all the money that had been stored up and decided it would make a lovely disability insurance system, and that survivor benefits would be a cool thing too. Problem is, those parts of SS aren't even close to paid for. Some 30-year-old guy dies, his wife and two kids get somewhere in the neighborhood of 3000-4000/month if he made a good income, and they get it until the kids turn 18.

So yeh, it's a ponzi scheme now. Thanks to boomers.
 
2010-09-15 09:14:55 PM  
the masked farker: crab66: MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.


THIS. Most Baby boomer CAN actually afford to retire and have plenty to get by on. But they want to keep building up the old "nest egg" so they can continue to buy themselves a brand new car every two years and go out to dinner at a nice restaurant two or three times a week. Meanwhile, younger people who are trying to support a family are losing their homes because there aren't enough jobs to go around.


I agree with you. They have a lifestyle that is unsustainable. Unsustainable pension plans, life insurance policies, retirement plans... For one, they are all invested ultimately in the stock market. Not everyone can make money. Someone is gettin farked in the deal. Every dollar you make, someone else lost. "Why do people decide to be poor??" We have an investor heavy economy. The guy digging the ditch all day gets $25, the guy sitting in the chair sippin tea all day gets $75. Why? Cuz he owned the shovel. It's waaaay too disproportionate. Imagine when the majority of the boomers start dying off, and all those life insurance policies need to be paid out, and pension and retirement plans cashed out; they don't have that kinda cash just sitting in the bank. Most of it will be coming from everyone else alive who is still playing the fun game of "Life Insurance - The Pyramid Scheme Version".

The boomer nest egg. This huge collective is all invested, in the companies and corporations of today. What's gonna happen when they die and their kids go on spending sprees and start trying to liquify their inheritance?
 
2010-09-15 09:15:00 PM  
meat0918: ThematicDevice: meat0918: If two of the boomers I work with retire, each takes 30+ years of industry knowledge with them. Losing that knowledge could be devastating to the business.

I'm not too bummed they are sticking around at the moment. I'm trying to learn as much as I can from them before they retire. I figure another 2 -3 years before the do.

You know what they should have been doing? Teaching that to people over the past 30 years. But boomers are incompetent if specialized.

It doesn't help when the people they were teaching are the first to be laid off or move on to other jobs.


Who do you think is either laying them off, or voting for the union rules to require the younger workers to lay them off?
 
2010-09-15 09:17:16 PM  
Excen: This just in from Rick Romero: Baby Boomers are morons. More on this at 11!

/My parents are the exception, even considering my mom's public school pension going bye-bye.


There was a choice my mom and a bunch of other people could make back in the day, where you could do it the traditional way for her school system or try a different way (think it was lump sum vs payment plan, might be wrong). All but my mom and one other person at her school picked the new way.

Since I'm telling this story this way, you know that my mom and her friend retired on time (in Mass, it's age + experience = 90 for full benefits) and the rest are not because said "new" plan got royally farked.
 
2010-09-15 09:18:38 PM  
Great Justice: bigdavediode: Great Justice: /I constantly feel as though I am a sucker who is being taken advantage of.

You are. In Norway the mandatory minimum vacation time per year is 5 weeks of vacation. It's illegal to offer less than that.

Keep buying into the "you'll be a billionaire someday" though.

I certainly don't buy "you'll be a billionaire someday," im content merely to hold the moral high ground and not be a moocher on welfare.

I'll admit, its pretty sad that my highest ambition is to not be a burden to others. Any of you boomers want to tell me how entitled I am for wanting a wage capable of allowing me to retire someday, let alone start a family or buy a house?


ill feild this one,though i only qualify as a boomer by a couple years.first of all,your not entitled to anything. you have to earn it. its become a lot harder to do now with most companies using the shortsited mantra of cutting costs thru layoffs and hiring cheaper,younger workers despite thier total lack of knowledge or experience in the fields they are hired in.
and if you want to make good money,you have to stick with it,not job hop every couple years just because you dont feel rewarded enough. you have to stick it out thru thick and thin. ive been with the same company for twenty five years and there were some really lean times,a few witout even merit raises,but i stuck it out,even though i had a few headhunters call me with offers. and now we are in lean times again,i dont really feel safe,but i have my eye on the golden ring,just a few years more(if im lucky) and ill have a fully funded pension for when i do retire,but that is still 15 years away. im not gonna just roll over and let somneone else have my job,ive done my time and i deserve what i have EARNED! ive tried to teach i cant tell you how many younger folks my job ove the years but most of them dont want to bothered to actually know how to do it,they just want to get paid. and eventually,everyone of them,with the exception of the one im working with now,has claimed to be an expert and eventually screwed up at one thing or another,whether its attendance or just not learning a darn thing and gotten themselves fired. i actually work for a great company that does a ton for its employees but most of the younger set is too stupid to realize it. if your really good at what you do,you will be rewarded,but most just see the message of no reward as a lack of appreciation,not an indication that they might need to get a little better at what they do.
 
2010-09-15 09:20:59 PM  
Great Justice: So, Im currently 26, and I have been saving since the age of 18. My retirement savings aren't huge, but they are larger than anyone else I know who is my age.

Am I going to get screwed out of my carefully planned retirement somehow?


When they seize it for the guaranteed savings accounts that you won't qualify for because you make too much money.
 
2010-09-15 09:21:58 PM  
Angel of Death: I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

Good point, but I'd rather just see them be herded off to early retirement homes.
 
2010-09-15 09:25:03 PM  
stonicus: the masked farker: crab66: MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.


THIS. Most Baby boomer CAN actually afford to retire and have plenty to get by on. But they want to keep building up the old "nest egg" so they can continue to buy themselves a brand new car every two years and go out to dinner at a nice restaurant two or three times a week. Meanwhile, younger people who are trying to support a family are losing their homes because there aren't enough jobs to go around.

I agree with you. They have a lifestyle that is unsustainable. Unsustainable pension plans, life insurance policies, retirement plans... For one, they are all invested ultimately in the stock market. Not everyone can make money. Someone is gettin farked in the deal. Every dollar you make, someone else lost. "Why do people decide to be poor??" We have an investor heavy economy. The guy digging the ditch all day gets $25, the guy sitting in the chair sippin tea all day gets $75. Why? Cuz he owned the shovel. It's waaaay too disproportionate. Imagine when the majority of the boomers start dying off, and all those life insurance policies need to be paid out, and pension and retirement plans cashed out; they don't have that kinda cash just sitting in the bank. Most of it will be coming from everyone else alive who is still playing the fun game of "Life Insurance - The Pyramid Scheme Version".

The boomer nest egg. This huge collective is all invested, in the companies and corporations of today. What's gonna happen when they die and their kids go on spending sprees and start trying to liquify their inheritance?


Well owners of things that sell things, I think they are called companies, will get paid. Hell they may even have to hire more people to make more shiat to buy.

What is the downside again?
 
2010-09-15 09:25:35 PM  
Inverter2: whatsupchuck: MOST baby boomers have saved absolutely nothing, and don't have a nest egg beyond Social Security.

I'm 5-10 years away from a paid off house and full income replacement retirement, because I'm the rare ant among the grasshoppers. I'll probably continue to work part time anyway, because the next-gen folks don't seem to know how to do anything, nor do they care.

Just to be clear, which of the 4 "Next generations" are you referring to? 1965-2010 isn't one "Next Generation"

GenXers are fixated on the 80s.
GenYers want to be Reagan or Che while using an iPhone.
Millenials can no ready good or talk pretty like.


When I said next gen I meant people my kids' age ...millenials. I'm mentoring several and they seem to mostly have zero work ethic.
 
2010-09-15 09:28:00 PM  
MacGabhain: MBA Whore: Angel of Death 2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

WTF is this Baby-Boomer hate? Most Baby-Boomers I know have contributed a shiatload more to my life than people my age. Perhaps I am the exception?

Granted, these are gross generalizations and don't apply to every baby boomer but:

The massive increases in the US debt fueled by tax cuts every few years (as opposed to those fueled primarily by economic downturns) were driven by boomers. Boomers were 18-33 years old in 1980 and are 48-63 years old now. Because they are considerably more of them than genXers and genYers, they have been the dominant force in US politics for close to 30 years. They're responsible for the mess social security is in. Even Clinton - the first Boomer president and as much of an exception to the "party hardy" fiscal policies as we've seen -- only leveled things out a bit before Bush (a Boomer) threw it all to hell again.

Meanwhile, boomers, as a whole, have failed to respond to their increased take-home earnings gained at the expense of the future of the country by covering their own retirement asses. A few years back -- before the crashes, back when the Dow was in the 13000-14000 range -- the average retirement savings of people 55 years old was right about $50,000.

Now, due to their own public and private short-sightedness, they're depriving the millenials of their shot at something resembling prosperity by being unable to step aside and let someone else keep the economic engine going.

ex-nuke: I'm still wondering why they put Bernie Maddoff in prison when his ponzi scheme was small potatoes next to the one the government has been running for the last 60+ years? (When did Social Security start anyway?) Bernie only had willing victims, the government extorts their 13% at gun point. Do you think that may have something to do with them wanting gun control? Afraid their victims might decide to shoot back?

Social Security didn't work that way until a whole bunch of benefits were added during the 80s. Until then what you got out was based on what you put in. Politicians -- mostly in the baby boomer generation, I might add -- looked at all the money that had been stored up and decided it would make a lovely disability insurance system, and that survivor benefits would be a cool thing too. Problem is, those parts of SS aren't even close to paid for. Some 30-year-old guy dies, his wife and two kids get somewhere in the neighborhood of 3000-4000/month if he made a good income, and they get it until the kids turn 18.

So yeh, it's a ponzi scheme now. Thanks to boomers.


Survivor's benefits have always been part of the system.

Most of the enhancements listed were added in the 1960's, when the worker to benefit ratio was still 10:1 and it appeared to the Great Society types to be a good time to expand.

The 1980's was the first real cash crisis for the SS system. The graduated full retirement system (slowly expanding age to 68) was installed then as well as the last increase in the payroll rate. Those put off the inevitable by about 20 years. But here we are again.
 
2010-09-15 09:29:04 PM  
Well, I was born in 1964, so I'm the last of the baby-boomers, and I'll say this...

I'll probably die saying "Welcome to Walmart".
 
2010-09-15 09:29:27 PM  
Day_Old_Dutchie: But enough of them DO to screw up everything for everyone else.

They are those bastard "investors" that want that last goddamn .5%. They'll do anything to get it... force the companies in their portfolio to outsource to India, lay-off their workforce, jack-up prices, lower wages, bribe politicians to give them tax breaks, pollute the environment, create paper-shuffling money-making schemes that add to inflation but do nothing positive to the economy...basically all short-term changes that screw the future generation.

All because their thrifty parents made good but foolishly gave them everything they wanted.


This^ sums up the situation nicely.
 
2010-09-15 09:33:42 PM  
to read some of you twits stuff is to make me wish i hadda pulled out early. not that it would make a difference,i didnt raise any kids,just had my taxes spent on other folks kids education.
thinking i got robbed. but enjoy it while you can because there is one thing i know,barring an early death,everyone gets old.
 
2010-09-15 09:35:28 PM  
The Southern Dandy: Well, I was born in 1964, so I'm the last of the baby-boomers, and I'll say this...

I'll probably die saying "Welcome to Walmart".


Pfft. Robots will be doing that.
 
2010-09-15 09:36:02 PM  
Julie Cochrane: Sometimes you're up, sometimes you're down.

Be nice to the people you meet on the way up, because they're the same people you're going to meet on the way down.

The economy does suck. "The jobs are out there, it's just that [insert simplistic, patronizing garbage here]" A lot of people want to work and keep trying the next most likely-looking strategy to get themselves back on their feet. A lot of times it's a plausible strategy--that doesn't pan out. Then they have to switch gears and try the next most plausible strategy.

Cut the patronizing, self-congratulatory crap. There are always deadbeats in the world. A whole lot of the people hurting right now are not deadbeats.

Me? I've been up, I've been down, I've learned to never, never, ever give up trying. And that unless you're very, very lucky, you're going to spend some times in your life when you're in a bad situation and you have to put that "never, never, ever give up" maxim into operation. Pretty much no matter who you are.

If you're too smug to realize that, you're either very young and inexperienced, or you've led a charmed life and will likely crumble the first time you hit really hard times, or you've forgotten what it was like to fall into and have to fight your way back out of hard times.


I had a really lousy day today. This actually made me feel better... you're right. Thanks. :)
 
2010-09-15 09:42:22 PM  
antialias: Dellirium: The DERP is heavy in this thread...

I think Drew was considering a DERP meter similar to the political meter, but he realized there wasn't really any point.


The sumbiatch would be pegged constantly, and would explode in the presence of threads like this.

/Do you know how much it costs to replace a DERP meter nowadays?
 
2010-09-15 09:42:36 PM  
Well, I did my part - I'm semi-retired, and left my day job in '04.
Of course, the company I worked for was acquired by a larger company, and the job doesn't exist any more, so that doesn't do any of you young folks any good.
 
2010-09-15 09:43:18 PM  
porterm: to read some of you twits stuff is to make me wish i hadda pulled out early. not that it would make a difference,i didnt raise any kids,just had my taxes spent on other folks kids education.
thinking i got robbed. but enjoy it while you can because there is one thing i know,barring an early death,everyone gets old.


You certainly got robbed if you went to college yourself.
 
2010-09-15 09:50:47 PM  
didnt go to college,went to work!
 
2010-09-15 09:50:51 PM  
Make it so that you can't collect social security if you work more than 10 hours a week.
 
2010-09-15 09:50:54 PM  
Slaves2Darkness: Well owners of things that sell things, I think they are called companies, will get paid. Hell they may even have to hire more people to make more shiat to buy.

What is the downside again?


Suppose Bob is a customer of life insurance from LifeCo. So are alot of baby boomers. They start dying off. LifeCo, even with yours and others premiums rolling in, doesn't have the cash to pay out since all their value is invested. LifeCo has to liquidify all their assets, and go out of business. LifeCo's last order of business, send you a postcard that says "Thanx for the premiums, sorry Bob..."
 
2010-09-15 09:51:51 PM  
The Southern Dandy: Well, I was born in 1964, so I'm the last of the baby-boomers, and I'll say this...

I'll probably die saying "Welcome to Walmart".


You can have my job when you pry it from my cold, arthritic, dead hands, bucko. Now get out there and bring the shopping carts in from the lot.
 
2010-09-15 09:52:39 PM  
porterm: to read some of you twits stuff is to make me wish i hadda pulled out early. not that it would make a difference,i didnt raise any kids,just had my taxes spent on other folks kids education paying back for my own education I received.
thinking i got robbed. but enjoy it while you can because there is one thing i know,barring an early death,everyone gets old.


FTFY... unless you dropped out?
 
2010-09-15 09:54:36 PM  
The Southern Dandy: Well, I was born in 1964, so I'm the last of the baby-boomers, and I'll say this...

I'll probably die saying "Welcome to Walmart, I love you".



FTFY
 
2010-09-15 09:55:00 PM  
again,you fail.
 
2010-09-15 09:58:28 PM  
stonicus: Suppose Bob is a customer of life insurance from LifeCo. So are alot of baby boomers. They start dying off. LifeCo, even with yours and others premiums rolling in, doesn't have the cash to pay out since all their value is invested. LifeCo has to liquidify all their assets, and go out of business. LifeCo's last order of business, send you a postcard that says "Thanx for the premiums, sorry Bob..."

I think they sell insurance to cover that sort of thing.
 
2010-09-15 10:05:13 PM  
Tell me about it. My dad used my moms name behind her back for loans and credit cards. She is now paying off 100k+ of mortgages whose interest is over 11%... on a house we got foreclosed on a month ago.

My dad died a few months before the foreclosure.
 
2010-09-15 10:07:44 PM  
ThematicDevice: meat0918: ThematicDevice: meat0918: If two of the boomers I work with retire, each takes 30+ years of industry knowledge with them. Losing that knowledge could be devastating to the business.

I'm not too bummed they are sticking around at the moment. I'm trying to learn as much as I can from them before they retire. I figure another 2 -3 years before the do.

You know what they should have been doing? Teaching that to people over the past 30 years. But boomers are incompetent if specialized.

It doesn't help when the people they were teaching are the first to be laid off or move on to other jobs.

Who do you think is either laying them off, or voting for the union rules to require the younger workers to lay them off?


Not union. Software. The one guy has been writing this software for 30 years in one form or another. That's who I get to take over for in a year or two.

I'm getting the hang of it, and have figured out his coding style and what does what and why.
 
2010-09-15 10:08:18 PM  
i graduated high school in 1975,didnt actually graduate,i did drop out rather then go another year and take collge prep courses that i knew i wouldnt need or use(a couple points behind for not passing basic science courses given during what what was known around here as a periods,before the normal day began) i did eventually take and pass the ged(a few years after my graduation,or lack there of). i have been steadily employed even while in high school,just didnt think 4 years at a university was gonna do a whole lot for me.
jobs were tight back then and i was ready to move away from my birth home. mom and dad didnt make enough to send me to school,and i didnt see any sense in racking up debt that wasnt gonna help me earn a living. so i went to work and used my brain muscle to make a go of it. im not wealthy,but i do have a pretty good nest egg and a defined pension plan that shortly will be fully paid for. ill still have to work a few years as there would be dedutions for every year one retires early. but it was hard work that got me there,not booklearning. and i bought a small home early,so it will be paid off when i do give it up. thankfully,my nieghborhood hasnt deteriorated to the point where i cant continue to live in it.
 
2010-09-15 10:24:21 PM  
bbfreak: Good, maybe that will give them more time to fix social security before the baby boomers retire.

The only thing wrong with Social Security is it's running a surplus. Which the government borrows to offset the Reagan and Bush Tax cuts for the ubber wealthy. The ubber wealthy are freaked out at the prospect of the surplus disappearing as the baby boomers retire. Which is why we keep hearing that Social Security is 'in trouble' and we need to 'fix' it. Fixing meaning, reducing benefits so that the surplus continues, so Uncle Sam can borrow it, and the wealthy can still have their tax cuts.
 
2010-09-15 10:27:24 PM  
meat0918: ThematicDevice: meat0918: ThematicDevice: meat0918: If two of the boomers I work with retire, each takes 30+ years of industry knowledge with them. Losing that knowledge could be devastating to the business.

I'm not too bummed they are sticking around at the moment. I'm trying to learn as much as I can from them before they retire. I figure another 2 -3 years before the do.

You know what they should have been doing? Teaching that to people over the past 30 years. But boomers are incompetent if specialized.

It doesn't help when the people they were teaching are the first to be laid off or move on to other jobs.

Who do you think is either laying them off, or voting for the union rules to require the younger workers to lay them off?

Not union. Software. The one guy has been writing this software for 30 years in one form or another. That's who I get to take over for in a year or two.

I'm getting the hang of it, and have figured out his coding style and what does what and why.


Approves:
www3.sympatico.ca
/Hot off the CPU
 
2010-09-15 10:28:01 PM  
meat0918: Not union. Software. The one guy has been writing this software for 30 years in one form or another. That's who I get to take over for in a year or two.

I'm getting the hang of it, and have figured out his coding style and what does what and why.


But have you figured out what "whiterabbit.obj" does? ;)

/not at all obscure
 
2010-09-15 10:43:29 PM  
poot_rootbeer: bigdavediode: In Norway the mandatory minimum vacation time per year is 5 weeks of vacation. It's illegal to offer less than that.

How many billionaires does Norway have?

Even keeping in mind that the dollar-to-kroner rate means that even somebody with a net worth of around US$165M is a Norwegian billionaire (or do they use the British "thousand-millionaire" convention?)... I'd imagine not many.


How many billionaires do they need, if everyone can live like one?
 
2010-09-15 10:44:19 PM  
flingiedo: you mean they're gonna keep on working 70 hour weeks, making everyone look bad because of it, while generating absolutely nothing because they can't use computers? OH GOOD!

I'm a Boomer and I've been using computers since the 70's. Owned one since 1980. My job in a hospital Lab depends on computers that operate several millions of dollars of high tech medical instruments. I trouble-shoot, calibrate and maintain them every night, using computers.

It was Boomers who developed computers as we know them.

Get offa my lawn!
 
2010-09-15 11:07:13 PM  
alfuso: It was Boomers who developed computers as we know them.

Shhhh, I'm enjoying the whiny rants of same kiddies Boomers spent all that money spoiling like no other generation, now spinning out over the gravy train coming to an end.

/wrote my first code in 1973
//using an iPad != computer savvy
 
2010-09-15 11:10:02 PM  
porterm: i graduated high school in 1975,didnt actually graduate,i did drop out rather then go another year and take collge prep courses that i knew i wouldnt need or use(a couple points behind for not passing basic science courses given during what what was known around here as a periods,before the normal day began) i did eventually take and pass the ged(a few years after my graduation,or lack there of). i have been steadily employed even while in high school,just didnt think 4 years at a university was gonna do a whole lot for me.
jobs were tight back then and i was ready to move away from my birth home. mom and dad didnt make enough to send me to school,and i didnt see any sense in racking up debt that wasnt gonna help me earn a living. so i went to work and used my brain muscle to make a go of it. im not wealthy,but i do have a pretty good nest egg and a defined pension plan that shortly will be fully paid for. ill still have to work a few years as there would be dedutions for every year one retires early. but it was hard work that got me there,not booklearning. and i bought a small home early,so it will be paid off when i do give it up. thankfully,my nieghborhood hasnt deteriorated to the point where i cant continue to live in it.


I've worked for 46 years, played by the rules, paid my taxes, etc. Had two pensions pulled out from under me. My retirement lost 50%. At 64, I pretty much have only SS and a lean 401k to look forward to.

Anyone who wonders why I keep working and taking jobs away from young people, needs a brain pan reaming.
 
2010-09-15 11:12:10 PM  
puffy999: Jster422: In my better moments I just remind myself that if I can't out-compete someone who didn't have the advantage of growing up with computer technology from day one, then I don't 'deserve' to get their job.

You know what? You're a f*cking idiot.

I can out-work ANY baby boomer with a union job in this state, who does not have an overly-advanced TECHNICAL skill set (ie: engineers). I work harder, I take fewer breaks, and I get paid less.

MOST baby boomers didn't "earn" a F*CKING THING.



Wow, you're right.

I'm such a farking idiot that I can't even comprehend how your response is even marginally related to my post.
 
2010-09-15 11:18:35 PM  
neenerist: alfuso: It was Boomers who developed computers as we know them.

Shhhh, I'm enjoying the whiny rants of same kiddies Boomers spent all that money spoiling like no other generation, now spinning out over the gravy train coming to an end.

/wrote my first code in 1973
//using an iPad != computer savvy


I also wrote my first computer program in 1973.
 
2010-09-15 11:23:05 PM  
neenerist: alfuso: It was Boomers who developed computers as we know them.

Shhhh, I'm enjoying the whiny rants of same kiddies Boomers spent all that money spoiling like no other generation, now spinning out over the gravy train coming to an end.

/wrote my first code in 1973
//using an iPad != computer savvy


Neither is knowing how to check your Hotmail account, gramps.
 
2010-09-15 11:23:56 PM  
MBA Whore: Angel of Death 2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

WTF is this Baby-Boomer hate? Most Baby-Boomers I know have contributed a shiatload more to my life than people my age. Perhaps I am the exception?


Look at the history of the Baby Boomer adult years. Maybe the ones you knew were great people, but there were a lot of short-sighted people in that generation.

I mean...you can't cut revenue and increase spending, then have a plan of "oh I'll be dead or retired on an island somewhere when the SHTF." I mean, you can, but you look like an asshole if you do it.
 
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