Posted on 10/11/2009 10:38:22 PM PDT by Steelfish
Recession Creating A Lost Generation High unemployment is damaging the future for America’s youth
Dan Schmitz, 25, a University of Wisconsin grad, hasn't had a job in months. [Pic in URL]
By Peter Coy
Oct . 11, 2009
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 percent, from 13 percent 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.
(Excerpt) Read more at msnbc.msn.com ...
My sympathy level is very low on this subject. They got the Hope and Change(TM) they wanted.
That’s funny. My 21-year-old daughter just got a second job.
And she voted for Palin last year.
But wait until the next crime waves hits! Teen unemployment is the precursor to crime.
yes they did and now waiting for welfare....i dont see recovery happening ....
I hear the military is still hiring ... it’s how I got my start.
Isn’t this one of the groups that went for obma? Screw them, they got their hope and change,,,
My sis works with a 23 year old in the marketing department. In that department, the older guys were talking about how much they spent in graphics school and they went around and the tuition costs average around $5K to $15K.
The 23 year old when asked how much it cost him, he replied: “close to nothing, I guess”. The manager said, “how’s that possible”?
The kid replied (from what she heard): “I illegally downloaded (programs) and also downloaded the guide books as well from peer to peer, bittorrent etc. Then I studied them at home and practiced in front of my computer..”
Apologies- missed this post.
What a surprise (not). They voted for their own underemployment when they went gaga over 0bama at the polls last November. Wonder when ‘Generation X’ed Themselves Out’ will start picking up on Economics 101, if ever?
bump
No problemo. Worth another post. There were comments on the other one, though.
Kristen Lopez Eastlick, senior research analyst for the employer-backed Employment Policies Institute....points out that the 40 percent hike in the federal minimum wage over the past two years made it less appealing to hire young workers.
I worked at a big box store all through the Carter Depression years. Wasn't interested in politics much. Not at my age, 16-20 years old at that time.
Only recently have I marveled at how lucky I was to have a steady, albeit part-time job at that time. I had more than I deserved, blessed no doubt, and didn't realize it.
Those were bad years for a lot of people, but not this dumb young kid.
At that age, you just live. If nobody introduces you to politics....you just live.
Me and all my friends, we just lived. And had a lot of fun. We didn't have worries. We just made it though....somehow.
I didn’t read the article and was going to commrnt on the recent increase in minimum wage. Odd how the Free Market works. In spite of all the ways the gov’t. trys to make it not.
Those Dumb Ass young people who voted for hopey changey have themselves to blame. Every smart person knew that the very election of Obama would cause businesses to lay off and not hire.
The very fact that liberals have control will keep unemployment high, since businesses always stay on the sidelines because they fear increased costs, taxation, regulation, etc.
No jobs for at least 4 or 8 years!!!
Back then I had just started my Air Force career after enlisting in 1975.
I was on Titan II Missile Combat Crew and we were deep in the center of fighting the Cold War. The daily Intel briefings sometimes curled your toes and the Alerts were tough and dangerous (we were one of a handful of jobs authorized hazardous Duty Pay inside CONUS).
We were young and partied like heck off duty and pulled Alerts ten times per month and were all keenly aware of politics, both national and international.
They were really tough but good times.
Unfortunately, I’m in that age group, didn’t vote for “hope” and “change”, and still couldn’t find a job this past summer. It is hitting that age group just like it’s hitting everyone else...
America is well armed and blood will flow if the yutes rampage... young blood.
LLS
I slept pretty well at night back in those days knowing we had guys like you looking out for us.
Now, not so much so. This administration and the generation that put all these marxist, socialist, and communists in power scare the hell out of me and it curls my toes to see what they are doing to our country.
16-18 year olds went for Obama? Yeah screw them.
Hate to break it to you guys but the reason this country sucks now isn’t because of us it’s because our previous generation failed horribly. Go ahead and blame it on the minors voting for obama though if it makes you feel better.
“If he can do the work and be an asset to the company...Good for him.”
Right up until he does something for himself or the company at someone elses expense.
We heard this same crap in the early 90s.
Exactly right. If they really want to work they’ll find something. My 22 year old son graduated college this past May and hasn’t been able to find anything in his field here in the northeast (financial) so he took another opportunity in a different field starting at the bottom. The pay isn’t great but he said it beats sitting home applying to jobs in cyberspace where they never even reply to you. At least he can pay his student loans and healthcare.
“Hate to break it to you guys but the reason this country sucks now isn’t because of us it’s because our previous generation failed horribly.”
To some extent you have a point... It wasn’t the the younger generation that screwed things up up.It was the liberal politicians and those that keep them in power via the voting booth,
To the extent that thee younger folks allow themselves to be mislead they do bear some of the responsibility though. And this COUNTRY doesn’t suck. Half the people in this country are conservative, have solid values, work hard and contribute.
Further advice to your son, 1. Get on Linkedin and 2. Start contacting as many people as possible for “informational interviews. He will get NOWHERE applying for jobs online.
Too many people choose their major without determining what their employment and earning potential will be with said degree.
The youngest “Gen Xer” would be 29, while most of us are well into our 30s. We are WAY outnumbered by the Gen Ys and millenials (thanks to all you folks who decided to breed in the 1980s/90s), who are the most self-centered and babied generation ever!
Don't know much about that site but I will pass it on to him. Thanks for the info.
University of Wisconsin-A bastion of socialistic communist. It is no wonder why Dan Schmitz, cannot get a job.
When looking for a job, you have to offer the employer something in return for a salary! Political activism isn’t that something.
One has only failed in life if they live it according to somebody’s premise other than their own. Refuse to be anybody’s victim. As bad as things might seem, there is nowhere else on Earth that will offer a young person the endless opportunities for success that you have here.
My son graduated from college two years ago and has been working at a restaurant since then. His original plan was to go to law school and has taken the LSAT’s and the rest of it to get ready.
He asked me this summer if I would be disappointed if he didn’t go to law school, but instead opened his own business with a micro-brewery. I laughed so hard my ribs hurt. I told him that IMHO, the country and the world would be much better served with another great beer maker than another lawyer.
How’s that for guts? Start a business right in the teeth of a depression. I told him that if his business was successful, people all over the world would know his name and pursue his product, but even if he was a wildly successful lawyer, nobody would give a damn.
O’Brady’s Brewing Co., coming soon to a beer store near you.
I hear you! I was deep inside Cheyenne Mountain during those same times. Used to watch the Missle Warning screens when we ran scenarios and think, "Someday, this is going to happen. Some mad man will turn the key and kaboom!"
Almost a miracle that we didn't.
Yet....
Actually, I fault the publik skools. They are teaching Marxism from kindergarten on and have been for 25-30 years. It starts very subtle, like forcing kids to share school supplies they bring from home, giving to the "less fortunate" so that everyone is "equal". These young 'uns voted exactly as they were taught in skool. They don't teach history, math or civics to any degree anymore, but that generation knows Marxism when the see it and they have been taught to believe it is good. This has been the plan ever since the Department of (re)Education was formed in 1978.....
As for this country sucking now. I was not talking about the people that inhabit this country.
We have a terrible school system
We have a corrupt dis-functioning government
We have politicians and political entities that are untouchable by the courts
We have a high tax rate
We have a huge debt
We have a deficit
We have a zero-sum activity (stock traders) that is admired by republicans as a prime example of capitalism at it's finest that is nothing more than disabling the economy for personal benefit.
etc, etc, etc.a
all of this didn't start with Obama.
You can ignore that it's happening until one day you wake up and look around and realize the truth. Or you can open your eyes now. Our government (republicans and democrats) isn't anything to be proud of, it's something to be ashamed of.
My generation and my friends are the ones that are having to deal with it. We are the ones that see it. My tuition is being raised again and again and jobs are becoming fewer and fewer. We are the ones that are being screwed financially in the future and we did nothing wrong except being born at the wrong time.
True. Think about how long some of these clowns have been in office:
Barney Frank: First elected 1981
Nancy Pelosi: First elected 1987
Joe Biden: First elected 1972
Charley Rangel: First elected 1970
Harry Reid: First elected 1982
Chris Dodd: First elected 1980
The list goes on and on. Most have been in office for at least 20 years.
It’s not just Obama. Incumbents are usually shoo-ins for reelection, despite how bad things get. Voters in most districts have been screwing themselves for at least a generation.
We NEED term limits.
Sounds like a character-builder to me. No workey no eatey.
Well, except that isn’t the way it goes anymore, is it?
No workey? Then go gettey in liney for a handout. You deserve it, doncha know.
That would take a Constitutional Convention. When you hold a Constitutional Convention you open the Constitution up to all sorts of manipulation. Some could be good, but most would likely be very bad.
What we need is an electorate that will put down the TV remote and the cheesy poofs, get involved and VOTE! We have the power, we just don't use it....what we are seeing now is our own fault...elections have consequences.
Sorry, Clemenza, my post was intended for Babygene in number 28.
Like your handle. I had to read that book in high school and loved it.
I told my then fiance, now wife, that if the balloon went up I would try to call her from the capsule/launch control center and use that phrase. Not original but still...
“You know that republicans have held power right and they get nothing done?”
I didn’t mention republicans, I said conservatives, Many of the republicans are liberal as well and need to be thrown out. People need to do their homework before they go to the polls.
“My generation and my friends are the ones that are having to deal with it. We are the ones that see it. My tuition is being raised again and again and jobs are becoming fewer and fewer. We are the ones that are being screwed financially in the future and we did nothing wrong except being born at the wrong time.”
And it’s only going to get worse until we stop voting for promises...
Hear, hear! Coming up behind some of these people is a real chore, no doubt. Washington state is bad, but at least I don’t live in California. What a craphole...JFK
From what I hear, they didn’t fire him because he didn’t lie during the interview nor did he surrender any of that info. Doesn’t have a criminal record either. He just showed up the other co-workers by taking a cheaper alternative.
He even said during the interview that he will take any graphics test...and passed. I wish kids today were like him...
Sage advice to your Son...May he brew Well!
I felt the same way entering the job market with no skills or experience in the mid-'70s recession. Filling out multiple job aps every day for weeks to get a minimum wage job. ($2 p. hr. then) Being laid off for little or no reason because employers knew they had 100 other applications in their desks. And it certainly wasn't all Jimmy Carter's fault since the recession began before he took office.
But I look back on it now and realize that I have no one but myself to blame for not becoming a millionaire. Lots of others of my generation did with no more advantages than I had. The times don't make a man what he is his outlook on life does. In good times and in bad there are those who are victims and those who are doers. FWIW
I like how you followed that statement with a long whining rant about Baby Boomers. I guess the first statement wasn't meant to be taken seriously. lol
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