Posted on 08/17/2016 8:51:17 AM PDT by Academiadotorg
They are unlikely to find one. "Wise men" will tell them this is a "weak recovery" and "the financial crisis ended years ago.
During the 1930s, as many as 15 million were out of work, according to the Obama Administration’s Bureau of Labor Statistics (BLS). Currently, "Combining those not in the labor force who are of working age and all those unemployed shows 55.4 million working-age, native-born Americans without jobs in the first quarter of 2016, compared to 41.1 million in the same quarter of 2000," according to Dr. Steven Camorata of the Center for Immigration Studies (CIS). If the former period was a "Great Depression," surely, at least, this is an even greater one.
We have noted that both Conservative Republican President Ronald Reagan and Liberal Democrat President Bill Clinton could, and did, legitimately, brag about record levels of job growth. Both occurred for the same reason: New jobs come from new businesses.
Therein, lay the bad news, that isn't getting any better: In the past 16 years, the BLS reports, the new business survival rate has dropped from 48 percent to 20 percent.
Even if you are lucky enough to get a job, with these odds stacked against you, the odds are that you will have little resembling disposable income. The U. S. Census bureau reported in 2014 that "In 2013, real median household income was 8.0 percent lower than in 2007, the year before the latest recession."
If you are in college today you had better be working on a useful course of study. Failing that there are always jobs for pole dancers and dish washers.
Forget about a college degrees. Spend maybe $5,000 to $7,000 to learn being a plumber, electrician or carpenter. These jobs are always in high demand because even if you demolish a building, you need these skills to remove plumbing pipes/fixtures and old electrical wiring before the building is demolished.
If you aren’t a white male, get a STEM degree and the world is your oyster. If you are a white male, get a trade and a degree and let the trade pay the bills until the civil war is over and then use the degree.
The unusual capitalization of the headline made me believe that the article had something to do with the deceased co-founder of Apple.
I would add Asian male to your qualifier as well, and narrow things down to computers. What in today’s economy do you do with a physics degree? or a math degree? Engineering jobs continue to be outsourced to India, and as a parent with a child at a top 20 engineering school, these classes are full. Competition will be fierce. It is a rough world for young adults right now. We have four children and this sort of thing is a major cause of my insomnia. Today’s young adults need to be educated, resourceful and very good at marketing their skills in whatever career field they pick.
In 1982 I spent ~$2,100 to learn COBOL and IMS. My income went from $6.75 an hour to, by 2001, $125 an hour.
Ten month course. I have no college, other than a few months at Green River CC where I majored in pinball (1973)
BTW, its dropped since then due to the market and me moving from Seattle to KY, but still...
Three of my six kids went to college. All three got technical degrees. Accounting, Civil Engineering, Medical IT. All three make very good money now.
But one of my others did not go to college. He started his own business and makes more than the other three put together. A LOT more.
>>IT is still open, but if you are good at what you do, the degree is optional.
These days, IT without a degree is as much a trade as electrician. In fact, the two overlap if you work in industry. It’s what paid my bills for 20 years before I added the business degree.
“If you are in college today you had better be working on a useful course of study. Failing that there are always jobs for pole dancers and dish washers.”
Liberal Art BS degrees are IUD’s Instant Unemployment Degrees often with at least $100,000 in Student Loans per IUD.
Also, most of the IUD holders have zero ability to communicate with working adults and zero work history. They might have done something with some liberal non profits and learned how evil capitalism is.
So they live with their parents or grandparents, wake up at noon, grab some leftovers from their parents frig (while parents are at work), then they go to Starbucks to use the wifi and bitch about how bad America and Trump is.
Then, they go their parents’s home late for dinner and eat what is left. Next, they go to their cribs and get on the internet to complain about America and Trump. They stream every late night show to hear how stupid and bad Trump/America is.
Then, they light up a vegetable product, smoke and inhale it, and go to bed until they repeat the above routine.
They supported Bernie and might vote for Clinton if it isn’t raining or snowing or whatever.
We have younger relatives, who hire guys with the above training and can't find enough skilled workers with good work habits.
The utility and tv/cable companies hire good people and seem to pay them a good wage and benefits. We see their trucks all over doing what they do. Comcast has had some of the same people for years.
Eric Hoffer:
In times of drastic change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.
“These days, IT without a degree is as much a trade as electrician.”
Very true - a lot of us learned on the job due to a fast shift in work needs back in the 90s.... but those entry level IT ‘learn all you can as root’ on the job are long gone - entry level jobs in so many industries are outsourced to India or the Philippines and if they exist today, you better have a degree to get in the door. So many laws like Sarbanes Oxley, etc and a different IT structure ... ITIL made learning on the job a lot more difficult. But the Cloud kinda makes me think of the days of centralized computing... like mainframes. Wgat’s old is new again ;)
Hi, I am from the government and I am here to help you.
Engineers, Architects, Medical Grads, Chemists, Come over here for your job.
Wiccan Transgerism, Gay Literature, Ethnic Studies, Go right over there for your government job.
This some of the best advice I have seen on FR. The white, straight, Christian male is the most undesirable asset in this labor market. The white man’s best bet is to get a solid trade. Go to your local community college and get a welding certificate, electrician, plumbing, IT, etc. That will do far and away more than even having a law/post-grad degree.
If you are a non-white male/female, and you have a STEM degree, you have the world by the gonads. There’s no reason you shouldn’t be executive level after 10 years of work exp.
He's dead. Cool phones though.
You get a job and work the next 50 years then collect social security.
Best advice is save money when your young and invest it. Marry and do not have kids until you save alot of money. Live on 1 salary so you can save.
You may also be working at several companies over the years and not everyone behaves like in a tv sitcom where it is all fun. No safe spaces.
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