All the news stories are about old people getting laid off and how awful that is, but in truth what's going to be much more damaging in the long term is the reduced opportunities for people coming into the job system.


The tendency of companies to hunker down in recessions and keep on their existing staff and not hire anyone new is admirable in some ways but in others it is really destructive.


Japan is a good example of what happens in the long term. There are a whole generation of Japanese people now making int into their mid 30s who couldn't get real jobs because they went into the job force right around when the bubble burst. My wife's older sister's husband is 42 and he is still the most junior member of his division at a big Japanese manufacturer he has worked for for the last 18 years. They have not hired a single new worker in 18 years. This is going to have massive consequences in the next 4-5 years because there is going to be a huge national shortage of qualified people to fill management positions since there's a 10-15 year gap where very little hiring was occuring.


Things won't be quite as bad in America because the labor market isn't as rigid. But right now there are millions of young people who are graduating from high school or college with no good job prospects. If things don't improve soon we're going to have a lost generation of our own and it's going to be more costly here than it was in Japan because in Japan at least the parents of the lost generation are well off and have massive savings.

It is the truth. My generation is going to be one with lots of degrees but no jobs and experience. Granted, I can see how many stupid people there are shooting out of college these days with my own eyes so I can't completely blame a bad economy for everything.

In a bad economy no one wants entry level people you have to train. Job descriptions these days are specific on who they want, and that's those with experience to back up their "knowledge"

I told my brother it's not the degree that makes a difference, build a portfolio. No one wants to hire someone who sits around all day watching cartoons hoping to get a job so he can "finally do something." People want to hire people who want to "do something" so bad that they do it in their free time, for free to use as a testament that they can do what they say they can do.

In summary, my generation is unfortunately going to be lost in the job market but a lot of it has to do with how many self-entitled lazy douchebags that are also in my generation

 

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While the job market is far from "prime" I think there is a bit of a disconnect at least here in America. Students are graduating with significant debt (by their own choice) and finding entry level positions starting at 34-40K and saying "No way I can live on that". They don't think through the process that often they end up moving up quickly as the aging are replaced with...them. After 3-5 years they are making 60K+.

I work for a very large company that is almost exclusively hiring recent college grads as they prefer the "cradle to grave" type employee. They are started out on crappy salaries but will quickly move up if they prove they are worth it. Quite a few are proving they are worth it.

There is plenty of good work out there if you narrow your field choices. Information Technology work might not be exciting but it damn well pays the bills and there is plenty of work to be had. Perhaps if they skipped the studies that no one wants or needs they might find stability and ultimately a good lifestyle, maybe not in their dream field but you can't have it all.

 

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I think there is a disconnect and you are showing it. Most graduates would love to have a bunch of jobs available to them making 35-40k.

snotty punk kids are not willing to work for those 'low wages'

especially not since Obamatard has forced insurance companies to keep them on their parents tit until they are 26 or whatever

 

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That's because they want 20 year olds with 10 years of experience in the job.

 

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Yes, because the reason young people want to work is so they can get health care.

Capitalism in unsustainable

 

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apparently you would be surprised

just wait until no one needs to work to get health insurance

 

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You do realize that other countries already do more than this.


Employment is largely based on opportunity, not whether or not there is UHC.

 

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