Posted on 08/16/2025 10:04:52 AM PDT by RandFan
@KobeissiLetter
Are we on the verge of a generational jobs crisis?
The 3-month average youth underemployment rate jumped to 17% in July, the highest since 2020.
This metric includes unemployed individuals aged 16–24.
Now, the youth underemployment rate has climbed by ~5 percentage points over the last 2 years.
This is nearly in line with the peak during the 2001 recession and the early stages of the 2008 Financial Crisis.
This also signals the US labor market could weaken further, with young workers typically the first to feel the impact when the economy turns.
The job market is rapidly deteriorating.
(Excerpt) Read more at x.com ...
I made a good living as a software engineer from 1980 until June of this year. Before I moved to software engineering, I was a field service engineer at Marine Electric Company in San Diego. 180 tuna boats and 14 base stations. I worked on every item of electronics on the tuna boats. Items that were not repairable in the field were carried to the office where I assumed the duties of the bench tech to diagnose and repair to the component level. No problem getting my hands dirty. Service from bow to stern, bilge to crow's nest. Radio, RADAR, SONAR, FAX, satellite navigation, PA systems, telephone systems, entertainment electronics. I even had to be a "union member" to work in the yards. My company paid the union dues and paid well above union scale for my services. I'll be 69 years old in less than 2 weeks. Climbing masts, ratlines, 150 ft towers is no longer suitable. It was OK when I was 20 years old.
I'm retired as of June 2025. It's strange to not be getting up to an 8 to 16 hour workday. My income in retirement is significantly reduced, so I spend a lot less too. If I had an interest in doing electronics repair again, I would need to spend some money to support surface mount boards that didn't exist in 1980 when I last worked in a bench tech capacity. Hot air solder/desolder gear is a must now. My eyesight isn't as sharp either. C'est la vie!
I graduated from high school at 16. I graduated from UCSD with a degree in Molecular Biology at 19. I would be surprised if there are not others doing the same today. My first W2 job was a Farrell's Ice Cream Parlour at age 16. Lots of high school kids working fast food. I still see that today. At age 19, I was working at Radio Shack to cover my costs in grad school at SDSU in the Microbiology Department.
“healthcare field”
AI Ward Nurse Manager
Patient in room 3 has severe choking. ‘Code CHS’
Patient in room 5 needs to urinate. ‘Code U’
Patient in room 6 has a left arm that is swelling. ‘Code ED’
If he would remove the term “etc” and place a comma after the word “what”, his question would be much more clear.
I often need a traveling Editor too.
“healthcare field”
In Spain, relatives provide basic ward nursing care.
In Japan, relatives bring your hospital meals.
“What are you going to do then?”
Robot repair?
Have some more Kool-Aid.
Indeed sir!
“What are you going to do then?“
Build robots. Maintain robots. Troubleshoot robots. Design better robots. Since the Industrial Revolution we’ve been increasing productivity and cutting jobs profoundly. As an example look at how many people it took to handle how many phone calls in 1895 then in 1925 then 1965 then today. That’s pretty much been happening across almost all lines of industry in that time. I’m going to have to see this oncoming crisis in jobs before I’ll believe in it because history says things will change and be better.
Build machines to harvest crops....
AI can’t unclog a toilet, or find a hidden leak.
Farrells in Fashion Valley?
Me Too.
Loved Running the “ZOO”
Congratulations on your early and advanced achievements. I still think jobs statistics should reflect how people are living. Very few people under 18 are supporting themselves with their jobs.
When I was in High School, if you didn’t have a job, you were looked upon as a loser.
24-year-olds are youth?
Yup..
You need Three Job Now.
Or engineering.
It has not stopped and is going to get worse. AT&T’s John Stankey said the quiet part out loud. What everybody has known for the past three decades. Corp America does not care about their American employees and has sold us out.
They're just working for the true minimum wage.
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