Posted on 10/11/2009 3:13:24 AM PDT by TigerLikesRooster
The Lost Generation
The continuing job crisis is hitting young people especially hard—damaging both their future and the economy
By Peter Coy
Bright, eager—and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to young people who can't grab onto the first rung of the career ladder.
Affected are a range of young people, from high school dropouts, to college grads, to newly minted lawyers and MBAs across the developed world from Britain to Japan. One indication: In the U.S., the unemployment rate for 16- to 24-year-olds has climbed to more than 18%, from 13% a year ago.
For people just starting their careers, the damage may be deep and long-lasting, potentially creating a kind of "lost generation." Studies suggest that an extended period of youthful joblessness can significantly depress lifetime income as people get stuck in jobs that are beneath their capabilities, or come to be seen by employers as damaged goods.
Equally important, employers are likely to suffer from the scarring of a generation. The freshness and vitality young people bring to the workplace is missing. Tomorrow's would-be star employees are on the sidelines, deprived of experience and losing motivation. In Japan, which has been down this road since the early 1990s, workers who started their careers a decade or more ago and are now in their 30s account for 6 in 10 reported cases of depression, stress, and work-related mental disabilities, according to the Japan Productivity Center for Socio-Economic Development.
(Excerpt) Read more at businessweek.com ...
Thank your pro-Fonda ex-hippie professors for these.
Ping!
It will be far worse than that for them in the West. A few will become renegade low-techs under the tutelages of old, long-unemployed industrial men. The rest will be slaves.
...”renegade,” BTW, because it is against zoning laws in most of the USA for anyone to start any new business (even in areas that are nearly devoid of people), thanks to contemporary, bipartisan methods of competition (corporate-government partnerships).
Not to worry. The Post American Marxist Government will assign them to appropriate tasks for the common good.
It’s long been my concern that generations of ‘feeling-good-as-an-entitlement’ American schooling has made us a nation singularly unequiped to deal with ‘hard times’.....
As ye sow, so shall ye reap.....
All these doom-and-gloom naysayers! Do you people remember the period 1979-80-81? Get a grip - we will get through this!
Enough already from you, Equality 7-2521, back to sweeping the streets.
There’s no historical analog, that I can find, to the situation we currently face - economic, political, social, and cultural trends (each, in its own right, disturbing) coming into perfect syzygy....
Lots of chickens coming home to roost - and who’s going to be left to clean the coop??
Ouch. I was 23 when I got my first walled office. Of course, that was working in President Reagan’s America and I haven’t had one since President Reagan left office.
They can thank their hopey changey President they voted for. Youth in a lot of cases never realize the consequences of their actions. It’s not because they are stupid. They are not. They just don’t have enough life experience.
Many of us were like that when we were young. You have to grow in life and with it comes well life experiences.
Sometimes knowledge makes a bloody entrance.
The economic destruction is by design. The same policies that have turned many major metropolitan areas into welfare supported, crime ridden cesspools that are essentially locked democrat enclaves (the ‘messiah’ understands the Chicago way) is being applied on a much larger scale. The ultimate goal being, apparently, a one party oligarchy. If the children have no choices they will (mostly) have to walk the party line.
No he right. We are not to your point yet. But based on everything the current regime is doing, we will be going there soon.
So-called teach-in's by the likes of Chomsky didn't help.
Whats the big worry?
Isn’t every one going to have a “green job”, save the planet, lower the seas, calm the storms, hold hands and sing kumbaya? ...
...(or maybe a couple of chorus’s of “Barack Hussein Obama - Ummm, Ummm, Ummm)
Sorry, Uncle Ike, but we did have worse periods. Read the old newspapers from 1910 to 1930. We had large social upheavals with shootings, murders, bombings, riots and destruction of large businesses. All brought to you by the millions of nascent socialists and Marxists we imported as immigrants from Eastern Europe between 1890 to 1920. It was known as the “progressive” era.
The old Calumet & Hecla Mine in northern Michigan is a good case study. In 1910, its shares were priced at $1,000 and it employed thousands of miners. By 1920 it had virtually shut down. Union agitators (communists) moved into the area and started riots and strikes. In 1913, witnesses said a union thug shouted “Fire!” at the packed Italian Hall Christmas celebration in Calumet, Michigan, and 73 people were trampled to death, mostly children.
Strikes, communist agitation and assorted murders were repeated across the United States.
The incindiary agitator Mother Jones showed up and led “red” flag parades in the area. (The communists and anarchists were dubbed “red flag wavers” by the newspapers of the day.)
Our present day communists and Marxists don’t want people to know about the “progressive” era. People might note the parallels between then and now and start connecting dots.
So true.
The only “good” that can come of this is that hopefully more people will come to the realization that being overly educated is not a guarantee of being in demand jobwise.
“Wrong years. Think 1930~31.”
Agree, look at the charts, and then look at the people in power. The numbers today are much worse than the 1980 numbers and maybe worse than the depression numbers...when you look at the size of the real estate bubble, overall debt, etc.
Even FDR built Hoover Dam, TVA, and a bunch of other stuff that really grew this country (and provided jobs). I’m no fan of his, but I would take him ANY DAY compared to who’s running the White House and Congress today. We have a Congress/President determined to pursue a negative growth policy in just about every way. The solutions that could get us moving again, like nukes, serious highway construction, loosening of labor laws (like minimum wage), loosening of environmental shackles (like pollution laws and allowing California to grow vegetables) are not even being discussed.
We are in the process of going from First World to Third World, and very quickly. Look out the window, it will take decades (or generations) to recover, and then only if AMERICANS realize who drove us into this mess and figure out a way to never let them have power again (regardless of whether the opposition hires a prostitute once in a while).
Hey, the people who "grew up during the depression" turn uot to be some of the thriftiest and hardworking people this country has ever seen!
That's a nice point. We don't even get a bridge to nowhere out of this administration.
Hey, here's an idea: Cut Taxes. Can't you imagine all the money left in the free market being put to work making real jobs and wealth creation. It took us a decade in the 70s to rediscover this...I shudder how long it will take now. Sign me depressed.
Then look for opportunity in the developing world. Some countries there have good government and are interested in pulling themselves up by their bootstraps. If the developed world has poor economic leadership, too bad for them.
Certainly not all developing countries fall into this category. Two points to immediately consider are the disease situation (especially malaria) and the crime scene. Be careful!
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Not even close. The 78-81 time frame is much more accurate and even that is a bit alarmist.
The writer must think that these young people are nothing but weak sisters. That may be so but I doubt that there is no significant % in that group of do-ers. They will find a way and the others will learn a hard but not fatal lesson.
I say bring on the real hard times, we can take it and the country will be better off down the road for it.
********That's a nice point. We don't even get a bridge to nowhere out of this administration.
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He had to do something. During the depression one out of three were out of work, and for 1-4 years. And, there was no unemployment insurance, no food stamps, no welfare. People were flat busted with no safety nets at all. If he hadn't created these projects there would have been anarchy.
Today one out of ten are out of work. They get over a year of unemployment benefits. They can get food stamps and rent assistance. The circumstances are not anywhere near close.
I very much share that concern.
say what now?....young folks much like blacks and latinos and Jews have no free will now as well?
sorry I ain't buying that part...the goofy lefty professor crap is spot on but kids have minds...they believe what they want to believe and lefty mush plays right into inherent youthful idealism and the thirst to feel morally superior to previous generations..
anyone voted for Bro did so cause they bought the hype or he fed into their own bigotry or self hatred against the majority and western culture in general
\ yep...campaigned for Carter in 1976...but we had no idea he was as lefty then as we already knew Obama is now
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