My 22 year old son has moved home to San Jose.
He’s been unable to get a job using his degree, a BS in economics from Texas A&M.
He’s taken a minimum wage job at Whole Foods so he can get some money.
He’s been applying to jobs online, but nothing has come of that. He’s been to some job fairs, but the Whole Foods job seems better.
I don’t know what he is doing wrong, and I’m ready for him to move out!
And for any here who want to chalk this up to them being "lazy losers" who aren't interested in supporting themselves. Just read post #2 above. Their experience is the "new (ab)normal" that millions are presently experiencing all over America thanks to Obomination's disastrous intentional destruction of all sectors of the economy over the last 8 years.
I personally think, there’s a huge demand for young people who have mechanical skills. I should say, a huge demand for young people that have skills to work with their hands, period. I’ve heard from managers, from different companies, that there is lots of competition between companies, to pick up the few that are applying for these positions. Tech school, learning a trade, may be the new wave. Obviously, it’ll be more technology advanced, but, companies will be searching and you would have the upper hand in negotiating wages.
Millennials can’t afford to move out because, as you correctly identified, the cost of living has gone up way faster than did wages.
This article sums up some of the stats nicely:
“1. In 1989, adults aged 25-34 made $50,910 on average (adjusted for inflation). In 2013, they made only $40,58120% less.
2. Millennials have trouble buying homes, due to immigration-fueled inflation in the cities. Home ownership declined from 46% to 43% for young adults between 1989 and 2013.
3. In 1989, the median assets held people aged 24-35 was $61,000. In 2013, this had declined to $29,000a whopping 52%. The same thing happened with median net worth (which is the balance of assets and liabilities). The median net worth declined from $25,000 to a paltry $11,00056% lower.”
The economy is so badly distorted by immigration & offshoring that young people can’t get a start in life.
http://www.nationaleconomicseditorial.com/2017/01/16/millennials-got-screwed/
Prior to Feminism taking over in the 1970’s, women left home after marriage.
Are we only talking about men?
I’m surprised it isn’t a higher rate. San Fransicko is crazy expensive to live in. Many stories that even the high payed Silicon Valley workers are struggling with housing. And yesterday’s story of a firm paying a nice relocation fee for their employees to leave the area.
Does mommy still do their laundry?
Wow, that’s a lot of chicken tendies!
Mom!!!
18 bucks an hour in the bay area is crap. What is a “millenial’s” age? 25? I was making 18 an hour as a welder arou d that age going through college. Almost 20 years ago. Wages stink and haven’t raised at all whe cost of living has easily doubled. And in the bay are shot up 5 to 10 fold. Any of you with young adult offspring at home here is my advise. Go to Radio Shack and get them a robotics learning kit. Learn PLCs and motion control. Robots are going to be taking all the entry level jobs and there aren’t many who know what they’re doing. I pay my PLC guy $110 an hour for his services.
Too bad their educations aren’t guaranteed. They have been ripped off and lied to their whole lives. The guy that was a gear head and became a mechanic is going to be lot more succesful then the guy who got a masters in art history.
When we visualize the SF snowflake as living in his Mom’s basement, we’re right.
Was in my cafeteria yesterday... 5 postings for H1B applicants were hanging....
That is the wave... Contract with big outsourcing consulting firms... to avoid benefit costs and lower salaries... We dug our own grave.
No debt with a viable degree is the plan. We are praying.
The engineer bought a duplex and lives in it. The nurse has been on her own but is now living with her mother to save money for med school. The moral of the story is that there is a great demand and lots of jobs for nurses and engineers in the US.
economy sucks.
Mom’s basement is getting crowded but the good side here is that eventually they will become non voters as they are not made of the stuff that fights adversity and they will find going to war with Arnold in cyberspace very satisfying.
SFers have children??? How is that even possible?