This unemployment is the worst since the great depression.
Calculated Risk has been charted the data for over years. Here is the chart for this week...
Posted on 09/01/2011 5:13:17 AM PDT by reaganaut1
...
Meet the members of what might be called Generation Limbo: highly educated 20-somethings, whose careers are stuck in neutral, coping with dead-end jobs and listless prospects.
And so they wait: for the economy to turn, for good jobs to materialize, for their lucky break. Some do so bitterly, frustrated that their well-mapped careers have gone astray. Others do so anxiously, wondering how they are going to pay their rent, their school loans, their living expenses — sometimes resorting to once-unthinkable government handouts.
“We did everything we were supposed to,” said Stephanie Morales, 23, who graduated from Dartmouth College in 2009 with hopes of working in the arts. Instead she ended up waiting tables at a Chart House restaurant in Weehawken, N.J., earning $2.17 an hour plus tips, to pay off her student loans. “What was the point of working so hard for 22 years if there was nothing out there?” said Ms. Morales, who is now a paralegal and plans on attending law school.
Some of Ms. Morales’s classmates have found themselves on welfare. “You don’t expect someone who just spent four years in Ivy League schools to be on food stamps,” said Ms. Morales, who estimates that a half-dozen of her friends are on the Supplemental Nutrition Assistance Program. A few are even helping younger graduates figure out how to apply. “We are passing on these traditions on how to work in the adult world as working poor,” Ms. Morales said.
But then there are people like Ms. Kelly and Ms. Klein, who are more laissez-faire. With the job market still bleak, their motto might as well be: “No career? No prospects? No worries!” (Well, at least for the time being.)
(Excerpt) Read more at nytimes.com ...
It would be interesting for someone with the assets and time could set up entrepreneurial training centers. Add mentors and advisers that the new small business owners could consult. Let them share office facilities, accounting services.
Make it clear that applicants to this program are expected to produce results. Their business plan should include paying back their training costs.
Zero government funding. Anything they touch seems to turn to feces.
What is a myth?
http://pewresearch.org/pubs/1031/young-voters-in-the-2008-election
Young voters wanted Obama. Now they’ve got him...in spades.
If you confine the argument to JUST unemployment, 1980/81 was worse, way worse.
I have 3, thank you very much. Where I am, the young guys just don’t get a break.
Is where you are crawling with Ivy League graduates looking for careers? I'm not talking about the average Joe here. I'm talking about silver spoon Ivy League folks who have a responsibility to build on what the advantages they were given.
You have a lot of nerve calling them “pukes.” what do you suggest for them, genius?
WalMart is always hiring and so is McDonalds, etc... There are always local bakeries, restaurants - whatever. These pukes would never find it in their bootstraps to learn a trade.
The problem is they have NO skills. You don't have to be a genius to get your a$$ out there and look. These people are generally looking for a career job when they need to be looking for work. They probably have no work ethic and most likely have never made a dime for themselves. If you can't find work where you are, then LEAVE. Go somewhere and find something to do or, like me with generally useless degrees in math and physics (that didn't come from and Ivy League school), create something out of thin air.
Further, if you graduated from an Ivy League school and didn't work your contacts, then shame on you. As the saying goes - it's not what you know, but who you know. These lazy slackers know the who's and refuse or don't know how to use their contacts.
And for the record I happen to be married to a Master's Degreed Humanities person. She has is tough, but she knuckles down and is an Associate Professor at 2 different colleges and works a bar on the weekends. In her spare time she is a museum Docent looking for and working contacts. I know how tough it is for Art people more than most. Don't tell me it can't be done - I know it can. You gotta want it.
Well, you and the missus are perfect examples of the extent of the problem.
Math and physics and you can’t find a job in your area of education. She has a masters degree. Ridiculous.
This administration is trying to break people.
Thanks for backing me up. All of what you said is exactly correct. But, I’m also of the mind that regardless of the business atmosphere, if you really want to succeed, you will. There are sacrifices that must be made, and many silver spooners wont do it. I could never live with myself if I applied for food stamps and didn’t have children. It’s just plain pathetic knowing my monstrous tax contributions end up in the hands of lazy know it all’s that won’t get off their behinds and find some work. Let them eat ketchup soup and peanut butter.
And then they start over, with dirty fingernails and hobnail boots if they can get them.
(If these Ivy League grads had been smart, they would have seen their professors' hockum for what it is.)
Meanwhile the Chicoms relax in their velvet slippers...
And it all starts over.
But do not underestimate the Chicoms! If anybody understands the cycles of ascendancy and decadence it's the Chinese! And they are bent over laughing at the West right now!
I'm not following you here. You're saying that our choice of education is the crux of the problem? My science background has only helped me in business. I was supposed to go on to Medical School, but decided the Internet was the place to be. I chose wisely. The missus is an Archeologist and Art History specialist. She actually uses her degree teaching mushy minds and the museum work she does benefits a lot of kids. She would do better with a PhD, but doesn't want to rack up any more debt or move somewhere where she'll be funded. Another spare time activity for us both is to work on art education modules to sell to private schools. It'll take some time to build the business, but I have complete confidence in the missus when she makes up her mind. When she does that - bank on it happening.
Nope not saying you shouldn’t have earned those particular degrees, saying that in a normal economy folks with your degrees would have no problem getting decent full time jobs. So, since that hasn’t happened, I hope your business is a booming huge success.
Well thanky very much. I understand. We'll git 'er dun one way or another.
Yeah, but while she’s in school, her payments are suspended.
Vlad said “Many of those young people voted for Obama”. I was saying roughly the same. (Neither of us said he won exclusively because of the youth vote.)
Now they’re complaining that the job market sucks. Hopefully they’ll learn their lesson. Because most have been indoctrinated, I doubt many will attribute it properly though.
It was worse then. Welfare, etc. was hard to get and stupid jobs were scarce. Now with everyone collecting benefits, the unemployed are that way INTENTIONALLY!
No matter how you cut it, new college grads are up the creek in today’s economy. It will take a while to turn things around which makes it even worse for them because of the time involved.
Hopefully, they have tight families and friends that they can combine resources with because they won’t be living on their own in comfort for a longer “than expected” period of time.
Everyone - every age group and race tribe - is suffering because America’s political parties dove into this loser ideology of international Marxism and political correctness. One party calls it socialism and the other party calls it compassionate conservatism or “moderate.”
We need to explain to young people why it is happening and offer reform. They did not learn it in school and in fact, were fed a bunch of elitist lies.
Disagree here. Youth voted 66% for Obama versus 53% for all other voters. Largest disparity by far since the beginning of exit polling.
While it is clear that this, in and of itself, did not deliver the election for Obama, to the extent that their stupidity will hurt us all...they've demonstrated the highest level of collective stupidity since exit polling began in 1972.
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