As a boomer I can tell you regulations did not just start in the last 30 years. There have always been barriers to entry when starting a business. Some businesses more than others. There has always been significant insurance requirements to when working on someones property.
My dad had a degree in public relations, hated it. He worked for one of the largest corporations in the entire goddamn country at the time. He decided he wanted to try his hand at advertising, bought a camera with ZERO experience. Asked a couple connections at his company if he could try his hand at making some of their ads.
He now owns one of the largest media companies in the state. He still makes all of their ads.
After 5 years of operation, he purchased an office on foreclosure for $80k. That same office was recently appraised at $3.1 million.
I have 8 years experience with strong references and a degree, I have done the math and getting an interview takes 120 applications. This is in a high demand career field. I am making more money than 95% of people my age and I cannot afford a house in my state right now. My wife just finished her pre-med program at a state school with reduced tuition, my final out of cost price for her school was $84k, she was a dean's list student with a 4.0 and multiple scholarships. I almost had to declare bankruptcy twice because of how much it was costing us, I refused to take out loans because they come with a 5-8% interest rate which cannot be dissolved in bankruptcy.
You CANNOT argue for one second that life was in any way this hard in previous generations. It simply is. Every aspect of life is unaffordable for us, jobs have way more regulations and hoops to jump through.
And this is coming from somebody supposedly making it. I strongly support our president and everything he has done thus far, but the right needs to address these things as well in a way they currently aren't. Schools, housing, regular expenses and medical are ridiculously out of hand for this generation.
Fucking exactly. And they will get EXACTLY what they want if the right keeps brushing it under the rug and says "hurr durr millennials just don't know how to work." You want to win the younger vote? Tell them that they're right, tell them it's harder to make it than previous generations. Tell them you understand, then tell them about all the useless regulations and red tape, other issues that are causing it and how we're going to fix it.
So move to where you can afford to buy a home. If you're that wonderful, you'll have no problem getting a big paying job.
You come across as a whiner. Even if what you say is partly true in some circumstances, you never admit you were an idiot to pay that much for a medical degree. You never admit you refuse to move. It's not your fault in any respect, it's just "life is hard hard hard."
You also sound like you'd accept a bailout, as in loan forgiveness.
Your dad knew how to succeed in an unstructured environment and it sounds like you do not. That is the entreprenuerial skill: to navigate uncertainty.
You somewhat trivialize his accomplishment by saying he just bought a camera and asked a few connections. No, he saw an opportunity and he hustled. If it was so easy for his generation, then why isn't his media company tied with a thousand others?
You on the other hand want to buy a house from a pure tracked career path. This is not close to what your dad did. He went off-road. He would probably be able to navigate the job search better than you--and you are looking to get someone to pay you a salary while they absorb all the risk and you seem to be frustrated that it's difficult while you are just doing what you are supposed to do. You are competing with the 60% torso of people who have the same mindset. Your dad would probably try a lot of different approaches than simply submitting an application along with 120 others for every job.
You can blame it on the times, but I have seen people in this generation succeed like your dad. They are not doing it through job applications. They make shit happen with hustle and ingenuity.
If you want to really compare the times, go ask your dad if you can talk to his old coworkers who never left their company. I think you'd be better off asking your dad how to hustle, how to identify and seize opportunities in creative ways.
You could pay for school, medical and housing on the most basic salary.
I'm not talking a bag boy at a grocery store, but the equivalent income needed to afford these things in the past would be $15-$18 an hour. I'm making twice that and it won't be until mid thirties until I can provide a house and security for my family in the same way previous generations could.
Could I move to another state with better cost of living? Sure. But my wife's schooling requires us to be here and I'm not about to go through months of looking for a new job.
It isn't impossible, but the current economic climate for this generation does not leave enough room to wiggle, try new ideas or building a business.
Honestly, people see Insurance as a cost. It's more of a benefit, because if something goes wrong a lawsuit can pretty much cost you your company. Liability insurance just protects your ass from frivolous lawsuits and any errors caused by manufacturers.
Reason i know this full well, my grandfather never bothered to get Liability insurance. Some numb nut decided to use a 55 gallon steel drum after being told not to in creating a Barque. Long story short, he died by illegally modifying something he wasnt supposed to, his family sued the company we sold the drum to and we got pulled into the lawsuit. My grandfather's business tanked by 52%, had he had Liability Insurance, we could have avoided a lawsuit and probably forced them to drop the case.
That's what pissed me off the most. We sold it to the company and said Final Sale.
The Government decided that we were on the hook for it even though we were acting as a second party (the company was the 3rd party). People sometimes need to sit back and understand some regulations are not to keep you out. Its so you dont go poor if you fuck up one day.
Yup and sometimes you need barriers to entry to weed out people who would be a danger to themselves and others.
I have just started up in the mobile catering business here in the UK. Need a license that is dependant on yearly gas safety inspections, environmental health inspections, and food safety compliance. Also have to have £5 million public liability insurance. Exactly the same as years ago when I owned a pub. This time I also need various street trading licenses if I am trading in public areas, but those are just stealth taxes as they are only for areas were you will get huge footfall.
Would you want to get food from someone who didn't have to comply with all the above? Would you want them operating LPG appliances outside on your street? I wouldn't.
These barriers are easy to overcome for the serious minded, but make it harder for absolute cowboys who serve shit food in filthy conditions and make people sick, as well as the clueless idiots who are likely to cause a massive LPG explosion.
Colleges emerged from the concept of guilds, centuries ago.
Notice the difference between a profession like a lawyer and a journalist. Today, anyone can be a journalist and journalism is basically going extinct. They make nothing for money. Lawyers have the bar exam which essentially enforces a guild. Their rates don't face the race to the bottom that other professions suffer.
It's definitely an interesting topic to have barriers to entry for new entrants to established professions. I don't know exactly where I stand but i think it's worth considering how much business competition hinges on marketing vector vs quality of work, and in areas where end customers can be scammed, sickened, hurt, or killed, the stakes are pretty high.
Although I am a 'small govt.' guy like most on here I am happy it is harder to start up certain businesses, as long as the hardness or barrier is sensible i.e gas safety certification, food hygiene etc for relevant businesses and is not just local government being a needless pain in the ass to everyone.
I believe many businesses should just be left alone by govt. and have absolutely no need to be regulated, but the consequences would be dire if certain ones were not somewhat regulated.
I mean, you wouldn't want someone driving a 10 ton truck without a license or any training. Same goes for certain other professions that have the potential to cause harm to others through negligence.
As a boomer I can tell you regulations did not just start in the last 30 years. There have always been barriers to entry when starting a business. Some businesses more than others. There has always been significant insurance requirements to when working on someones property.
My dad had a degree in public relations, hated it. He worked for one of the largest corporations in the entire goddamn country at the time. He decided he wanted to try his hand at advertising, bought a camera with ZERO experience. Asked a couple connections at his company if he could try his hand at making some of their ads.
He now owns one of the largest media companies in the state. He still makes all of their ads.
After 5 years of operation, he purchased an office on foreclosure for $80k. That same office was recently appraised at $3.1 million.
I have 8 years experience with strong references and a degree, I have done the math and getting an interview takes 120 applications. This is in a high demand career field. I am making more money than 95% of people my age and I cannot afford a house in my state right now. My wife just finished her pre-med program at a state school with reduced tuition, my final out of cost price for her school was $84k, she was a dean's list student with a 4.0 and multiple scholarships. I almost had to declare bankruptcy twice because of how much it was costing us, I refused to take out loans because they come with a 5-8% interest rate which cannot be dissolved in bankruptcy.
You CANNOT argue for one second that life was in any way this hard in previous generations. It simply is. Every aspect of life is unaffordable for us, jobs have way more regulations and hoops to jump through.
And this is coming from somebody supposedly making it. I strongly support our president and everything he has done thus far, but the right needs to address these things as well in a way they currently aren't. Schools, housing, regular expenses and medical are ridiculously out of hand for this generation.
They don't want you to succeed. They want you to fail and go on the government tit.
Fucking exactly. And they will get EXACTLY what they want if the right keeps brushing it under the rug and says "hurr durr millennials just don't know how to work." You want to win the younger vote? Tell them that they're right, tell them it's harder to make it than previous generations. Tell them you understand, then tell them about all the useless regulations and red tape, other issues that are causing it and how we're going to fix it.
So move to where you can afford to buy a home. If you're that wonderful, you'll have no problem getting a big paying job.
You come across as a whiner. Even if what you say is partly true in some circumstances, you never admit you were an idiot to pay that much for a medical degree. You never admit you refuse to move. It's not your fault in any respect, it's just "life is hard hard hard."
You also sound like you'd accept a bailout, as in loan forgiveness.
You sound like a lefty.
what state
Your dad knew how to succeed in an unstructured environment and it sounds like you do not. That is the entreprenuerial skill: to navigate uncertainty.
You somewhat trivialize his accomplishment by saying he just bought a camera and asked a few connections. No, he saw an opportunity and he hustled. If it was so easy for his generation, then why isn't his media company tied with a thousand others?
You on the other hand want to buy a house from a pure tracked career path. This is not close to what your dad did. He went off-road. He would probably be able to navigate the job search better than you--and you are looking to get someone to pay you a salary while they absorb all the risk and you seem to be frustrated that it's difficult while you are just doing what you are supposed to do. You are competing with the 60% torso of people who have the same mindset. Your dad would probably try a lot of different approaches than simply submitting an application along with 120 others for every job.
You can blame it on the times, but I have seen people in this generation succeed like your dad. They are not doing it through job applications. They make shit happen with hustle and ingenuity.
If you want to really compare the times, go ask your dad if you can talk to his old coworkers who never left their company. I think you'd be better off asking your dad how to hustle, how to identify and seize opportunities in creative ways.
OK boomer.
Haha
It sounds the same as when we were in school. That was in 1974
You could pay for school, medical and housing on the most basic salary.
I'm not talking a bag boy at a grocery store, but the equivalent income needed to afford these things in the past would be $15-$18 an hour. I'm making twice that and it won't be until mid thirties until I can provide a house and security for my family in the same way previous generations could.
Could I move to another state with better cost of living? Sure. But my wife's schooling requires us to be here and I'm not about to go through months of looking for a new job.
It isn't impossible, but the current economic climate for this generation does not leave enough room to wiggle, try new ideas or building a business.
LOL Yeah, sounds like life is really fucking hard for you.
Honestly, people see Insurance as a cost. It's more of a benefit, because if something goes wrong a lawsuit can pretty much cost you your company. Liability insurance just protects your ass from frivolous lawsuits and any errors caused by manufacturers.
Reason i know this full well, my grandfather never bothered to get Liability insurance. Some numb nut decided to use a 55 gallon steel drum after being told not to in creating a Barque. Long story short, he died by illegally modifying something he wasnt supposed to, his family sued the company we sold the drum to and we got pulled into the lawsuit. My grandfather's business tanked by 52%, had he had Liability Insurance, we could have avoided a lawsuit and probably forced them to drop the case.
Smh
That's what pissed me off the most. We sold it to the company and said Final Sale.
The Government decided that we were on the hook for it even though we were acting as a second party (the company was the 3rd party). People sometimes need to sit back and understand some regulations are not to keep you out. Its so you dont go poor if you fuck up one day.
I think this is all a government overreach.
Should you have been sued? No.
But the concept of modifications being illegal should only exist in sports.
Yup and sometimes you need barriers to entry to weed out people who would be a danger to themselves and others.
I have just started up in the mobile catering business here in the UK. Need a license that is dependant on yearly gas safety inspections, environmental health inspections, and food safety compliance. Also have to have £5 million public liability insurance. Exactly the same as years ago when I owned a pub. This time I also need various street trading licenses if I am trading in public areas, but those are just stealth taxes as they are only for areas were you will get huge footfall.
Would you want to get food from someone who didn't have to comply with all the above? Would you want them operating LPG appliances outside on your street? I wouldn't.
These barriers are easy to overcome for the serious minded, but make it harder for absolute cowboys who serve shit food in filthy conditions and make people sick, as well as the clueless idiots who are likely to cause a massive LPG explosion.
Colleges emerged from the concept of guilds, centuries ago.
Notice the difference between a profession like a lawyer and a journalist. Today, anyone can be a journalist and journalism is basically going extinct. They make nothing for money. Lawyers have the bar exam which essentially enforces a guild. Their rates don't face the race to the bottom that other professions suffer.
It's definitely an interesting topic to have barriers to entry for new entrants to established professions. I don't know exactly where I stand but i think it's worth considering how much business competition hinges on marketing vector vs quality of work, and in areas where end customers can be scammed, sickened, hurt, or killed, the stakes are pretty high.
Although I am a 'small govt.' guy like most on here I am happy it is harder to start up certain businesses, as long as the hardness or barrier is sensible i.e gas safety certification, food hygiene etc for relevant businesses and is not just local government being a needless pain in the ass to everyone.
I believe many businesses should just be left alone by govt. and have absolutely no need to be regulated, but the consequences would be dire if certain ones were not somewhat regulated.
I mean, you wouldn't want someone driving a 10 ton truck without a license or any training. Same goes for certain other professions that have the potential to cause harm to others through negligence.